From: Dossy (dossy@panoptic.com)
Date: Sat Jun 14 2003 - 21:33:35 MDT
On 2003.06.14, Rafal Smigrodzki <rafal@smigrodzki.org> wrote:
> Yes, it does. If you understand a technology while others don't, all
> other factors being equal, you win.
Any apparent connection between the quality of products and services a
company offers and its stock price is merely an illusion.
If company's stock prices were directly related to the quality of its
products, services, technology, or even employees ... then how do we
explain the dot-com bubble that just came and went? There were plenty
of companies pushing vaporware with fresh-out-of-college management who
had stock prices in the 3 digits.
It is a beauty pageant. It's all about supply and demand ... and the
demand is created by the "judges" in this beauty pageant ... and those
folks are the large institutional investors and the Warren Buffet's of
the world.
-- Dossy
-- Dossy Shiobara mail: dossy@panoptic.com Panoptic Computer Network web: http://www.panoptic.com/ "He realized the fastest way to change is to laugh at your own folly -- then you can let go and quickly move on." (p. 70)
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