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To: Maurice Winn who wrote (16116)	10/7/1998 4:26:00 PM
From: Sawtooth	Respond to of 152472

<<Investment is the profit, or free cash flow, to coin a phrase, which a company generates.>> A minor note, Maurice. I believe you are referring to Return on Investment (usually as a %). The Investment would be what you paid (cost) for the asset. ...Tim

To: Maurice Winn who wrote (16116)	10/7/1998 8:40:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Maurice - this will probably sound like an insult (or "flame"), and I guess it is, but, here goes. Reading your endless stream of "if the equity in your account drops by 85%, you haven't really lost any money because ..." reminds me of the Philosophy course I enrolled in (against my own free will) during my last year at college (in order to complete the absolute bare minimum of "distribution" requirements). I think you should be directing your (considerable) intellect to other things. There are so many breathtakingly weird things going on now in world financial markets that no one (other than philosophy graduate students) should be spending time discussing silly things. Jon.

To: Maurice Winn who wrote (16116)	10/8/1998 12:01:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

To all - maybe the following story partially explains what is going on with Maurice. (Yes, I have heard rumors that Australia and New Zealand are actually different places). October 7, 1998 Aussies Rejoice As Gas Cutoff Ends Filed at 10:42 p.m. EDT By The Associated Press MELBOURNE, Australia (AP) -- Millions of Australians deprived of hot water by a 13-day natural gas shortage in Victoria state celebrated Thursday by turning on their gas again and enjoying steamy showers. An explosion on Sept. 25 and fires that took two days to quench damaged the Esso Corp.'s refinery at Longford, which supplies 98 percent of Victoria's gas demand. Esso has not yet determined the cause of the disaster, which killed two workers and injured eight. Gas flow to all businesses and industry was restored Wednesday, and gas distributor VENCorp began to restore service to 1.4 million households Thursday in what it called the world's biggest reconnection of gas. The crisis cost $58 million a day, with 150,000 workers temporarily idled. Employees in many industries shut down by the crisis went back to work Tuesday and Wednesday. Callers to radio station 3AW expressed their gratitude for the hot water. ''I've just rung to say we've got gas and my 85-year-old grandmother can now have a nice hot shower, instead of me holding the watering can,'' a woman said. Victoria state is south of New South Wales, and Melbourne is about 450 miles southwest of Sydney. Copyright 1998 The New York Times Company