Archived posting to the Leica Users Group, 2001/10/24
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]> From: "B. D. Colen" <bdcolen@earthlink.net> writes: > > No s**t.....The folks who are pointing to the last 12 months and the > disintegration of their portfolios as some sort of proof that Leica > cameras are good investment are really looking at the world > through very > cracked lenses. The market goes up and down, guys/gals. Frankly, anyone > who invested in dot.coms etc. for more than a very brief ride had all > the sense and sanity of the folks who invested in tulips in, what, the > 17th century, or in any of the other great and notorious bubbles of the > past. The question is not what did portfolios do recently, but what > happens to, let's say, $1000 invested in blue chips over a 10 year > period worth versus what happens to $1000 invest in Leica > equipment. And > you KNOW the answer to that one. Indeed I do: it depends on which 'blue chips' you hold, and it depends on the 10-year period you choose. For example, if you had chosen a representative cross section of the Dow and invested for any 10 years during the interval 1965-1982, you would have been disappointed. See, for evidence: http://finance.yahoo.com/q?s=^DJI&d=c&t=my&l=on&z=b&q=l I think that we have entered another similar period of stagnation, though I hope this time that it will last less than 17 years. Alexey Merz Department of Biochemistry Dartmouth Medical School, Hanover NH 03755-3844 alexey@webcom.com | alexey@dartmouth.edu 603-650-1702 | http://www.webcom.com/alexey/ - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html