kragen@pobox.com wrote:
> Jeff Bone <jbone@jump.net> writes:
> > Yeah, Kragen --- how much of your net worth evaporated over the last
> > year?
>
> Who cares? Ill-gotten gains are better lost than kept.
"Ill-gotten gains." Hmph.
> If you're
> theoretically rich because you have a lot of something worthless
The market's never wrong, though I've come to believe it's a little...
excitable. ;-) I no more believe that CMGI trading dramatically under its
cash position is a correct reflection of its current value than I believe
that its peak value was justified.
> that
> a lot of people are stupid enough to pay you lots of money for, I
> don't see where you have a right to complain if the stupid people come
> to their senses and stop being willing to pay you hard money for
> worthless CMGi stock.
Kragen, you just have no idea. I'm not torqued that the stock price is
down --- maybe a little bummed, but hey --- I'm torqued about the impact
various regulatory and confiscatory gov't policies had on my strategy for
managing that asset myself.
jb
This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:15:18 PDT