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To: Vince Moretto who wrote (3018)5/22/1999 10:59:00 PM
From: CLK  Read Replies (1) | Respond to of 3335
 
Duos qui sequitur lepores neutrum capit - He who chases two hares catches neither. Keynes said, "a speculator is one who runs risks of which he aware, and an investor is one who runs risks of which is is unaware". And Elvis said, "you ain't never caught a rabbit and you ain't no friend of mine". He was speaking to his hound dog as you recall. The point is you have to be doing your homework or you are at a great disadvantage. It is only by doggedly pursuing a little known situation with huge upside that any substantial money can be made. The very best way is to be in before a company even becomes public, but the next best is to find a company that has some kind of trouble or setback which allows you to get in later with the same effect. We are in category two here. But let me add one more thought and that is even if this works out as I expect and the stock goes up 10, 20 times from here, that still does not guarantee a rich old age for anyone. Nathan Rothschild said in l834 that "It requires a great deal of boldness, and a great deal of caution, to make a great fortune, and when you have got it, it requires ten times as much wit to keep it."