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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 70924  
Subject: Re: Y Generation to Affect Future Stock Returns? Date: 7/25/2013 7:07 PM
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<<There was great distrust of the stock market when I bought my first share of stock in 1981 as a 25 year old engineer. >>

I started buying stocks just about the same time as intercst.

I could buy lots of great stocks selling for 4X earnings, which seemed like a deal to me...... it was.

I was an office clerical employee at the time. I read the Wall Street Journal during coffee breaks and lunch in the company cafeteria, which was of no apparent interest to other employees, who thought stocks were too "risky" if they thought anything at all.

Buying automobiles, vlothes and other consumer junk was a LOT more popular.

I was pretty much the only employee who had a stock broker.

A couple of company Vice Presidents occasionally chatted with me about my stock purchases. They did NOT think such a plan was foolish, but they made sure no one else overheard conversations about such things.

Seattle Pioneer
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