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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (28804)	3/3/1999 4:34:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 70976

I understand you; it is much easier to quote silly stories and the common wisdom than to use your brain and try to research and think. I would have gladly accepted your offer of Gold coins in early 70s and and real estate in early 80s. That they did great during their respective times did not carry them into today. That they are doing poorly today does not mean they will continue to do so. And just because we've had a great bull run does not mean sky is the limit forever and ever; take a look at Nikkei that has droped to 14k from 40k over the past 10 years. Perhaps you are as sure that can never happen in US as the Japanese were when their management techniques and industry strength was the talk of the world. Now I am tired of hearing closed minded arguments which try to cast what I am saying into popular myths. Why don't you go tell Buffett that he was an idiot for buying oil and silver and that he should only buy stocks for the long run? What do you think he does with his stocks if they become grossly overvalued? It is your money, do with it whatever you want. But don't try quote me out of context and cast what I say into whatever mold you please. I'm getting off this topic. There is nothing more to be gained by stretching it. Sun Tzu P.S. Buffett did close his fund and was completely out of the market during the 70s as he could not find stocks at good values. You can call it disciplined value investing. Or you can call it market timing. Do yourself a favor and read the post that I had cross linked to learn more about some of Buffett's techniques as well Lynch and others. PPS. The gold run from late 60s to its peak in 80s puts the current market run (since 1982) to shame. In fact from its inflection point to its peak it even out performed the current Internet run.