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To: Original Mad Dog who wrote (15587)	11/25/1998 1:58:00 PM
From: HG	Respond to of 27307

MadDog.......you know, you make me work hard at understanding myself ! I'm going on a vacation too...but computers are like germs in our lives. Can't get rid of them. YHOO fundamentals - or at least its potentials fundamentals are factored in I would say. If you agree that it will be a dominant force, you are acknowledging the factor. If someone told you - give me $5000 today and I will return 500k to you 10 years later, would you strike the deal ? Scaling it down, divide those 2 numbers by 20, you get 250 => 25,000... do the two points of view begin to merge now ? Factor in risk and uncertainity and the 250 drops down further...can't say by how much though. So day of reckoning may yet be at 250 ! I've always felt that fundamentals need to catch up quickly else we see Joe Blogg & family exit. On personality difference, if you remember I said there is no right or wrong personality. Once again you are trying to compartmentalise personalities in a traditional way - You're just having a hard time understanding that just as you require tools and details to make your decisions, others require instincts...the details are in the subconscious, but because of the personality type, they remain unimportant. NTs are flexible to change their startegies along the way, SJs will do so only after rationalising the need for change. The resiliance and manouvering is, alas, perceived as irrational behaviour by SJs...Its perfectly rational to NTs...who do not want to be bogged down by questions like "prove it before I believe". SJs learn and then implement, NTs implement and learn in the process. NTs admire the attention to detail SJs have, SJs often think poorly of the impulsive nature of NTs, but acknowledge in retrospect.. ....can't say either is wrong. I see the end, the horizon...I don't see the in-between. Hence I may improvise on my route to the end. You want to see the in-between, the landmarks and if that represents order, you will know the end will be reached. My better half suppliments what I lack, a detailed perspective, and prevents me from derailment ! And yes, I too trust him with details more than I would myself. On rational thinking - deductive thinking would still be relative - wouldn't it ? What does P/E mean to you ? Do you visualise the P/E as a picture or is it a number to you ? When I think P/E, I think of MSFTs P/E (for instance) and compare it with that. It means nothing to me as an absolute. Now you might actually see a Price Earning ratio and infer from that. Here again, I see the end, you see the means - assuming if the means are correct, the end would be correct as well. I find your last paragraph very intense. Will have to go thru it in detail. You're right, your posts and comments make me analyze my behavior for the first time. It feels strange...and I may have to revise some of my thinking patterns. Have a nice and happy holiday. Drive carefully.

To: Original Mad Dog who wrote (15587)	11/25/1998 6:19:00 PM
From: HG	Read Replies (1) \| Respond to of 27307

MadDog, the rationality debate.... It was like Shakespear to me but eventually even I understood it (I think!). Agreed rational irrationality is itself rational. YHOO buyers are rationally irrational IMO. Why am I buying now when I know there will be a correction ? Because I know a lot of people will buy nevertheless. All others think the same as well. Isn't that rational irrationality. And isn't it winning again ? Its exactly like the shoe pounding episode - the bears and the shorts cannot call my bluff. If they do call my bluff, I have nothing to lose - and they have everything to lose. So I can afford to be irrational while they can't. Hence the winning streak. Re: prisoners dilemma - If I had held, the stock could have tanked in the short term and I would have to hold the stock till it recovered - then I would have to find alternative sources to fund my house. If I had sold all/most of it, it could have gone higher and I would have lost the additional profits. Does this qualify for the dilemma ? Does this make sense at all ? Could it be that you are long now ? You certainly are more interested in the stock than many longs would be.