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To: Dnorman who wrote (6069)	10/23/1998 10:35:00 AM
From: robert b furman	Respond to of 7841

OFF TOPIC IMHO, Ted refused to accept FA.It was his belief that manipulation was an overpowering force to any and all others.Ted didn't understand FA (his 6th grade education)and relied more on what he knew worked (buy low / sell high).It worked for him and note he did stress diversification.His understanding of greed and fear is what is so powerfully discussed in his book.In light of the current market perhaps his book should be mandatory reading in investing 101 ! I lost my shirt on a highly junk /debt stock called clabir.Clabir was a good stock that got into too much debt via junk bonds and then flopped.Teds refusal to acknowledge : debt ratios, eps,FA in general didn't provide the reliability and confidence of ownershipI prefer. I like ted's buy low sell high basic assumptions - I do believe in insider sponsorship of stocks, however I believe they are outsiders more often than not. What Ted calls manipulation is simply the world of supply and demand and all of its impossible to see backroom rumors and deals. His concepts about volume and consolidations are on the money. I hope you do well with his book - He was a great man to me. I am proud to say I knew him and could call his home for some hand holding during bottom corrections. As a tribute to his common sense approach to investing I hope you become a millionaire by utilizing his shared experiences. Bob