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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Jack Jagernauth who wrote (7600)	6/2/1999 4:22:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Jack, This first printing book shows a price of $1.75 from Signet at the time in 1977. Current price of the book is $6.99. Underlined in this book is a quote from Edison Gould: "There are four prerequisites for a sustained bull market. 1) You need ample credit at a cheap price, 2) a pent-up demand for goods, 3) favorable cost-price relationships - attractive potential profit margins - in other words, 4) a deflated debt structure." I don't know if many of those apply today any more than in 1982 when this massive Bull got trotting along. I'd say that #2 and #3 have been pretty good throughout. The FED has become quite nimble at #1. The original owner of this book also seems to have been interested in the Rockefeller Trusts also. Boy, looking over that bluer than blue chip portfolio and guessing what the price per share was back in 1977 VS today is enough to make one drool! Yes, there's some dogs in there, but I bet Mr. Buynhold would have been pretty happy overall. What I have always found amazing is that in 1977 Mr. L talked so much about volatility and mood swings in the market place. Wow, I bet his opinion hasn't changed much since then. He also acknowledges the action of the FED and how it fuels and throttles the economy with its availability of money. I guess this is just as true today. Maybe one of the reasons this book is still in print after more than 20 years is that so many things discussed in it are still true today. 20 years has to be some kind of record for printing an investment book! Most seem to hit the Best Seller's list for a short while and then go on to help balance a short legged table or gather dust in the Investment section of the local library. If nothing else, Mr. L's book certainly has had staying power! Best regards, Tom