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To: Knighty Tin who wrote (103047)	2/19/1999 2:42:00 PM
From: edamo	Read Replies (2) \| Respond to of 176387

$3m/1976 does not equal $12b/1999 the key to buffett is simplicity....does your intellect allow you to believe we are at a "bubble top"....consider this perhaps bold concept....there is no such thing as a bear market...just occasional corrections in a continuing upward trend...to dispute empirical data would defy logic...this bubble of our economy expands, but never bursts,not even in the depression, only deflated and was able to use it's previously learned elasticity to again increase in size...successful investors care not about today's bubble, but have the vision to see beyond the short term...if and when the bubble does break...than there is not even value in precious metals.....if you are not highly leveraged, you merely return to whence you came...for me, not a bad starting or under your doom and gloom scenario, an even better restart point...why, because i've learned to appreciate the wonders of life on my journey..