Re: poly: Why interest rates may stay low

CurtAdams writes:
> Robin is, no doubt, fully aware of that. The point is that for every
> Cisco there's hundreds of componies that have lost money. Some
> economist (I wish I could remember who!) calculated that if you sum
> up every computer company that's ever existed, the industry as a
> whole has *lost* money.

I have a lot of trouble beliving that. I'm not even sure, though, that
the calculation is possible *even in principle.*

> So unless you're a precognitive who can pick the winners, it's a bum
> deal.

And yet, some people (many people I know) seem to manage to be
"precognitive". I could have told you five years ago to invest in
Cisco and not, for example, in Apple. It didn't take a genius or a
precognitive...

Perry
Received on Sun Mar 1 00:00:11 1998