Aug 1, 2010

Robert Froelich on the new world order of the Tech Bubble (2000)

It's a new world order. We see people discard all the right companies with all the right people with the right vision because their stock price is too high-- that's the worst mistake an investor can make.

~ Robert Froelich, chief investment strategist, Kemper Funds, Wall Street Journal, January 18, 2000

(Froelich's favorite stocks -- Cisco Systems and Motorola -- fell more than 70% by late 2002. Investors lost more than $400 billion on Cisco alone-- more than the annual economic output of Hong Kong, Israel, Kuwait and Singapore combined. --Commentary by Jason Zweig in The Intelligent Investor)

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