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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,942
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Quote:
Originally posted by gaijindabe
O.K. fess up - who owned Enron stock? Who believed the hype? What were they worth - more than IBM or something.
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I probably did...as a holder in a "total market" mutual fund. One basic rule in investing that many continue to ignore, thus resulting in many getting burned, is diversity. In other words, "Don't put all your eggs in one basket." Anyway, Enron's collapse may have dented my investment portfolio, but only by a minuscule amount. I feel for those who lost everything, I really do. But by failing to diversify, they left themselves wide open...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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