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To: Original Mad Dog who wrote (15411)11/23/1998 1:01:00 PM
From: HG  Read Replies (2) | Respond to of 27307
 
MadDog..I did mean that people need to break their mental cages to see what opportunities are presented by internet and YHOO. Just because fundamentals don't hold, does not mean that YHOO is a worthless investment. maybe we are in a stage where new tools are needed to value companies with future potential. Valuing with existing theories may be like fitting a square peg in a round hold.

Public sentiments on new ventures do not always represent a herd mentality. And if someone thinks they do, I must respectfully say that THAT belief is the herd mentality. I think investors have matured beyond the tulip days. I'd like to think a lot of stock is owned by knowledgeable internet professionals who are already far ahead in their perception of the internet enabled world.

Investor opinion doesn't have to be changed thru some mass hypnosis....just the realisation of the fact that maybe humans, with all their knowledge, aren't always right at a certain point in time. Maybe, a couple of years from now a noble laureate will give us new tools for valuing internet companies....

The reference to mass hypnosis was to convey the feeling subsequent to a 3 hour workshop. Each one of us felt that we had been irrevocably transformed in those 3 hours or so - as if we'd been under a mass hypnosis for all our lives and had just broken free...for we could see beyong our own perceptual and cultural cages...

It was a XMBA class - not a cult meeting BTW :)