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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (7874)	1/13/1999 9:18:00 AM
From: Worswick	Read Replies (1) \| Respond to of 9980

Hello to you dear man. You know what is happening in Asia and now South America is in the ongoing spiral of a deflationary event...the answer, broadly speaking, to the fantastic credit bubble that has been created in the world. Yo might all profitablly pick up John Paul Getty's book "My Life, My Fortunes". It is the seminal book on what is now happening in the world. John Paul Getty was the most successful "vulture investor" in the world. He became the richest man in the world. Getty when you look at his career, in fact, puts Warren Buffet far in the shade. Buffett is merely a lucky man, an extremely lucky man. John Paul Getty was the great contrarian. I note in Getty's reprise of the debacle of 1929 (he took the fast train to New York from Calfornia during the collapse.. so he could watch what was happening in the markets... on a day to day basis) Getty notes that some stocks were selling ibn 1929 "for ridiculous multiples of... PE's 75 and more of future earnings". Well. Some of the intenet stocks are selling for ten times that today. Ten times that. I'll leave you all to work out what this means. Best to you all, Calrk