Forum Archive Index - April 2000

[jesse <johne777@hotmail.com>]

Simon Botherway, investment manager at Spicers Portfolio Management,
said the bubble had burst and the fallout would be ongoing.

Oh bother Simon. You sound like one of those unfortunate analysts who
have watched the Nasdaq climb 80% in 1998 and 100% in 1999, and
completely missed the boat. Unlike Warren Buffet who did likewise and
saw his shareholders portfolio lose 50% last year, he apologised for the
poor performance. How brave to predict a burst bubble now. I dont think
so Tim.


"There is no new valuation paradigm. The value of a stock is the present
value of future cashflow and there isn't any other way to value a
   stock in the long run."

Guess even analysts hate change huh?
j


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