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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (668)12/6/1998 8:14:00 PM
From: BDR  Respond to of 2794
 
To the thread: any thoughts on the implications for the S. Amer. situation?

newsday.com



To: Sam who wrote (668)12/7/1998 1:51:00 AM
From: Stitch  Read Replies (1) | Respond to of 2794
 
Sam, *OT*

<<Hey, Fleckenstein stole Stitch's favorite quote: "Usually, there's a chain of events over a number of days that drives market developments. This is generally what I try to focus on. My view of the action is just that: My view. It is biased. You could describe my opinion in a humorous (if not accurate) way as, 'Often wrong but never in doubt.'>>

Well, he didn't steal it from me. I always had heard it as "Seldom right, but never in doubt" from my late best friend who sadly died in a car accident a few years ago. A former Annapolis grad, nuclear sub officer, Harvard MBA, and Rickover fan, he claimed it was a Rickover quote. It acknowledges, in a self deprecating way, that bit of stubborness in us that can sometimes can overcome even being wrong. In other words, he (and I) put a high currency on tenacity. I think Fleck does too. However I am sure he will admit that he may be getting a little gnarly standing stiff in the head wind for so long. Kinda like this fellow:

ourworld.compuserve.com

But then I hope I look that good when I am 3,000 years old.

Best,
Stitch



To: Sam who wrote (668)12/7/1998 2:09:00 PM
From: Thomas M.  Read Replies (2) | Respond to of 2794
 
The numbers Fleck posted match up with others I have seen in the past. He minted money in the second half of 1997 (well over +100%). By year end 1998, he was actually even with the S&P, not even on an absolute basis. The idea is to do O.K. while the party is going, and then to take all of the suckers's cash when the music stops. <g>

Tom