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To: brian h who wrote (3072)	2/22/1999 7:34:00 PM
From: Maurice Winn	Respond to of 29987

Rant on investing rules Brianh, don't listen to silly rules such as 'keep emotions out of investing', 'don't fall in love with a stock', 'diversify'. These are silly. Emotions ARE in investing whether you like it or not, so better to keep emotions and your brain integrated and working together. There's nothing wrong with falling in love with a stock. People fall in love with their professions, skills and the self-fulfillment they get from achieving. It's the same sort of idea - owning a company [albeit a tiny amount] is an achievement and to go drily through life without the love of it is no way to invest or live. 'Diversify' is weak. It basically means live in fear of risk and don't depend on your ability to think. It's hard enough understanding one or two companies let alone 10 or 20. One could of course marry lots of spouses and that way if one gets run over by a truck or goes off the rails, one would still have plenty of others to go on with. One could have lots of professions, with a little bit of skill in each but no substantial ability in any. That way, if the demand for one of your skills declines, you would still have the other. I think pick the best stock or technology or some such - sure it might not be the best possible investment but you can't be everywhere, and stick with it. Pick the best spouse you can. Okay better ones might come along but you don't want to casually ditch all the investment in time and understanding. Same for professions - best to back one thing and be pretty good - sure, move on when it's time. A good rule is 'patience' as you say! Stick with that one. Making sure patience isn't confused with being obtuse. That's my homily for the day. Maurice [You say you don't know what you're doing but that's not the impression I get]