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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: On the QT who wrote (91045)	1/24/1999 6:10:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 176387

QT, we have all seen first hand examples of the statement "The greatest obstacle to wealth is fear. And a far greater offset is knowledge." At the simplest, retorical level, fearful people put their money in a jar and hide it in the corner of their closet. If you are one of these people, you take $20 from your paycheck every week and add it to the jar in your closet. The next morning, it is sure to be there, as it will a year from now. But all you will ever have is the money you put into the jar. Your personal preference for risk (actually better described as risk aversion) will most certainly prevent you from having any greater sum. We have also seen knowledgeable people demonstrate that their command of knowledge is their greatest obstacle to building wealth. These individuals are so intelligent that they know everything about anything. You cannot teach them anything, nor can I. Neither can the market for they believe they are smarter than the market. We have seen these individuals establish investment positions (like all those who shorted AMZN at 120, pre split, absolutely certain that the marketplace was wrong because no stock without profit (or positive cash flow) could be valued by the marketplace at those kinds of premiums for extended periods of time. Surely, they are knowledgeable in their analysis and they may be right. But despite their grasp of fundamental business valuation principles, standing in front of the tape is like standing in the middle of a 7 lane expressway, flagging down a passing motorist. They may notice you, albeit briefly, as they convert you from an intelligent, gifted individual, into road kill. IMO, at least fearful people sleep with some degree of comfort. Knowledgeable people need to go broke 2 or 3 times in order to learn the value of a dollar. Just my observation. The wonderful thing about DELL threaders is that although they to some degree represent both sides of the extremes as well as the broad middle spectrum, we're all here to learn from our mistakes. There's absolutely nothing wrong with making investment mistakes, and of course, paying for those mistakes with a debit to our investment capital account. Shame on us, however, for making the same mistake twice. Enjoy your posts QT. Good luck this week. Best regards, Mark A. Peterson