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Quotes of the Week

July 19, 1999

Seeing what was happening in the general market, in Internet stocks and in S&P 500 stocks, you'd have thought the inmates were running the asylum. Maybe things are different this time, but I doubt it.
Martin J. Whitman in The Public Be Damned from Kiplinger's (July 1999)

The way to solve excessive speculation is not to restrict access to the markets. That actually makes matters worse. The true problem with speculation is that people are stupid and they don't recognize that they're stupid, so they repeat the problem every 20 years. So the solution is education, understanding, and access to information.
Peter Stern in Daytrading Places from Wired (July 1999)

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
Loren Fox in The 20 Most Inflated Tech Stocks from Upside (7/6/99)

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