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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: ricky who wrote (7293)	11/6/1998 3:52:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

you should work as a private detective as a side job. What a nice compliment. However, being paid would take away the fun. To me investing is a matter of putting together puzzles. Each piece reveals a little more of the picture. The challenge comes in recognizing you're not dealing with a static picture --- the story changes --- nor are you operating in a static universe --- market fundamentals and even non-fundamentals shift sentiment in a way that skew the picture temporarily. This week someone asked why I do what I do, and I said as an investor I wanted to know my companies so well I could recognize their breathing. And to that end I talk to engineers, researchers, analysts, fund managers, as well as top management within the companies themselves. I make mistakes --- more than I like to admit --- but I like what the guy from Cisco said yesterday. "If we weren't making mistakes it would mean we weren't taking risks. . . and you have to take risks." Have a great week-end! Pat