We've always had periods when something came in vogue, ... This is different because of the Internet. It keeps on going and the riches just keep astounding everybody. All the traders that come up today naturally gravitate toward Internet stocks.
More Quotes from Yale Hirsch:
That's the history of business in this country, ... Wal-Mart did something differently, and Home Depot certainly did something different, and Sears stayed the same. If you don't respond to changes, you can be left behind and find yourself in trouble.Yale Hirsch
Had they left IBM where it was, the index easily would have been 1,500 points higher during that time. But how can you give them praise or blame They are just making up an average.
Yale Hirsch
I would think Cisco might make a great candidate because the Internet is not going away.
Yale Hirsch
With computers nowadays and the Internet, the average investor can be a financial genius. You now have databases . . . which put you on a par with the top money managers.
Yale Hirsch
We're seeing things we've never seen before, where one day the Dow is up 100 and Nasdaq is down 100, and vice versa,
Yale Hirsch
Those new stocks haven't really helped all that much, but I don't think they've actually hurt all that much, either. Their formula for picking stocks isn't the end-all, but it's what people know.
Yale Hirsch
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The greatest teacher I know is the job itself.
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My knees are ticklish.
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