To: Sun Tzu who wrote (28805 ) 3/3/1999 7:09:00 PM From: Robert O Respond to of 70976
OT last Let this be the end... here's why: Your strategy of never responding to direct questions (questions that can be, and have been, easily answered by verifiable data and legitimate research) is tiresome. More bizarre though, is the appearance of almost total misunderstanding of many of the arguments that are presented. There may be method in this madness. Politicians are famous for answering questions not posed to them, Mr. President. Do you really want to accept my early 80's real estate and carry it??? You'd have been crushed fairly quickly if not particularly adept. Strangely, you seem more myopic in your conspiracy theory than the defenders of equities; The Truth Is Out There. But remember, extraordinary claims require extraordinary evidence. I think it is fair to say that Buffett's greatest influence(and he would certainly agree!) has been his ability to convince investors that a buy and hold strategy of equities is almost always favored above other options. Even now when he is shifting somewhat into silver, etc. he continues to hold a HUGE % in stock. Buffett moved huge sums out of money market/bond funds and shifted a much greater % into stock at his alma mater's endowment. The endowment committee accepted his premise and were rewarded massively. Peter Lynch makes an argument that at any age a near 100% stock allocation is optimal. Read his book, the argument makes a TON of sense. I never wrote this boom would continue forever, I only ask for reasonableness in viewing history. Good luck in your crusade/lava lamp stockpiling. RO p.s. It's interesting to me that even your post-postscript speaks volumes. It is facile to choose the exact time period that would put a particular investment in its best light and then look under the spotlight and say: Ah, if only!