Thread: Dividing head
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PrecisionmachinisT PrecisionmachinisT is offline
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Default Dividing head


"DoN. Nichols" wrote in message
...


People are *collecting* these things instead of using them. :-)


To quote:

Warren Buffett


The line separating investment and speculation, which is never bright and
clear, becomes blurred still further when most market participants have
recently enjoyed triumphs. Nothing sedates rationality like large doses of
effortless money. After a heady experience of that kind, normally sensible
people drift into behavior akin to that of Cinderella at the ball. They know
that overstaying the festivities -- that is, continuing to speculate in
companies that have gigantic valuations relative to the cash they are likely
to generate in the future -- will eventually bring on pumpkins and mice. But
they nevertheless hate to miss a single minute of what is one helluva party.
Therefore, the giddy participants all plan to leave just seconds before
midnight. There's a problem, though: They are dancing in a room in which the
clocks have no hands.
a.. Berkshire Hathaway 2000 Chairman's Letter