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To: Paganini who wrote (17680)5/1/1999 12:49:00 PM
From: jwk  Respond to of 40688
 
Read an article yesterday about REIT's (Real Estate Investment Trusts -- sort of a way to own chunks of real estate without having to buy the whole thing...essential a mutual fund which buys properties rather than a stocks) coming back in favor. They discussed how, in an earlier cycle, Warren Buffet had gotten in two years ahead of time -- perhaps a bit too early. He patiently waited two years, the market cycle turned in his favor, and he made a killing.

Warren Buffet couldn't time it, but he knew it would come around. He got in and waited.

Hmmmmm.......



To: Paganini who wrote (17680)5/1/1999 12:53:00 PM
From: Ted M  Respond to of 40688
 
Pag, I simply made an error in judgement before leaving for work in the morning. I thought it was a well known link. Your point is correct. Ted