Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

The decline and fall of Western Civilisation and Capitilism has often been 
predicted, most 
recently by Brezhnev of the Soviet Union and Osama bin Laden of Al Qaeda.

Its interesting that the problems of the NZ education system and NZ socialism 
can
traced within the tirades against the absence of posts on Sharechat lately.

My view is that we have a relative absence of attractive buying, a relative 
absence
of news and a static sharemarket in price terms which all make for an absence of
posts.

To expect to have all, or even any, of one's posts answered by other independent
human beings who are not employed by Sharechat is....breathtaking. (I've had a 
number of mine not
answered over the years but I've managed to avoid a nervous breakdown).

It betrays the presence of the Me/Now generation, the spoon fed people. 

As a value investor I expect long periods of "nothing" as my investments 
quietly continue making
profits until the next half year report. That's within my parameters and I'll 
achieve my major
objective at the end of next year just by re-investment of profits and new 
savings without relying
on magical performances from gold, ITC, or commodity stocks like Carter Holt.

Usually the absence of news is filled by a plethora of "technical" posts and we 
had that but as the
NZSE keeps rolling along in a straight line then even the chartists get bored 
with projecting more
of the same.

Its really an attitude problem. People need to make things happen themselves 
not rely on others or
the government.

And if I was going through education in NZ at the moment I'd ditch all the NZQA 
approved turn up to
class and you'll get a certificate stuff in favour of doing the International 
Baccalaureate.
Degrees in maori Myths and Legends, basket weaving, and in being PC just won't 
hack it overseas,
or, increasingly, in NZ in the future. We can't isolate ourselves in a long 
white cloud of cotton
wool.

Get stuck in yourselves.

cheers,
Hugh 



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