Archived posting to the Leica Users Group, 2001/10/08
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]No argument, Alexey...The only 'argument' is about the nonsense of 'investing' in Leica equipment. There is one thing that is true about Leica equipment as an 'investment:' With only the rarest of exceptions, any money you put into Leica M gear will be at less risk over time than any money you put into other photographic equipment. So in that sense, M bodies and lenses are good 'investments.' ;-) B. D. Alexey Merz wrote: > > > 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 - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html