“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.”
“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.”
“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.”
“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.”
