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Author: DanishInvestor Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3436  
Subject: Into the happy new unknown year Date: 1/8/2004 7:02 PM
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Recommendations: 13

Thanks again, Larry, for your thoughts. I'll give you one of many coming recommendations for this post.

But let's also get a bit philosophical. Basically you – and all other analysts – are projecting the past and the present into the future. We all do that. We HAVE to. Otherwise we can't exist, much less invest.

Fundamentally, we don't KNOW the future. We all rely on different psychological strategies. And one of them (particularly relevant in investing) is seeking safety in numbers. And numerous statistics - all from the past. And that is NEVER repeated.

We DO know something about human nature which, evolutionarily speaking, changes very slowly – if ever.

But human beings have always liked new things, meaning new gadgets, gizmos, nifty stuff. And technology provides that.

So in practical terms: Companies (like NTE, the three portals – and others) who make those things, or make them happen, and sell them cheap, will prosper.

Stay cool, stay long, stay patient.

And hey: ALL decisions, be they about investing, buying, holding or loving, are about the UNKNOWN = the future.

The biggest risk is not taking one.

Thanks to all the contributors on this board.

Let civility continue to reign !

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