Current Downturn???

Doug Henwood dhenwood at panix.com
Thu Mar 22 08:23:36 PST 2001


Carl Remick wrote:


>"It amounts to a huge transfer of wealth from ordinary investors to
>those on the inside, says William Braman, chief investment officer
>at John Hancock Funds in Boston. 'The little old lady in Dubuque,
>Iowa, with the mutual fund in tech stocks is financing the Internet
>entrepreneur's mansion on the Pacific Palisades,' he said."

Further proof of the maxim that you should never buy anything from someone richer than yourself.

Doug



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