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Ace Hanlon

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Ace Hanlon

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Re: LG post# 9635

Thursday, 10/30/2003 1:39:40 PM

Thursday, October 30, 2003 1:39:40 PM

Post# of 13554
Much of the money will likely be going overseas. Some into safer shorter-term debt instuments.

Did youy see that Warren Buffett interview in FORTUNE? He is keeping a very large cash and near cash position because he thinks stocks and long-term bonds BOTH offer very poor risk-rewards tradeoffs here.

Of course Buffet is an investor not a day trader.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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