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To: JOHN W. who wrote (46711)3/22/1999 1:19:00 AM
From: 16yearcycle  Read Replies (1) | Respond to of 164684
 
"He said he had believed as long as a decade ago that prices for Internet stocks were too high, even when price/earnings ratios were much lower than now."

In 1989, he thought INTERNET stocks were too high???




To: JOHN W. who wrote (46711)3/22/1999 1:30:00 AM
From: H James Morris  Respond to of 164684
 
>>, Mr Gates said investors were participating in a buying frenzy "like it's a gold rush".<<
John, that's not true. The myth is that it's individual investors that are doing the investing. It's the elephants that have been doing the investing and most of the individuals, don't have a clue.
Trust me on that.


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