X-Message-Number: 7178
Date: Wed, 20 Nov 1996 13:01:27 +0100
From: John de Rivaz <>
Subject: Re: CryoNet #7163 - #7175

In article: <> 
 writes:
>  from the way you describe technology you seem to feel that
>  manufacture is where it is at. This may not be so but it comes 
>  over to me and so could do so to your trust managers.
>  That might mean that they avoid investment in software.
>  It would have been a shame to have missed investing in Microsoft. 

I didn't. It was a good job I didn't take you seriously with your suggestion 
made to me that paying inflated prices for property in London was a good 
idea.

>  Also, take into account that if one sector 
>  goes up others do too - eg land in the Eighties.

But the money must come from somewhere, and that goes down.

Generally I view anything that creates wealth as worth investing in for the 
long term. Wealth not money. Therefore software, research and development 
count as well as manufacturing itself. Earning money via fee income for 
services like law, accountancy, sales, introduction agencies (eg estate 
agents, business transfer agents etc) and so on is earning money not creating 
wealth. It is unfortunate that non wealth creating services such as law are 
so highly rated for the money they can earn, as they drain talent from areas 
that generate real wealth.

Sir Issac Newton generated a lot of wealth by his scientific work, he 
manufactured little, I should think.

Managers of unit trusts like Prolific Technology are well aware of this, they 
would not have fallen into the trap you mention.


-- 
Sincerely,     ****************************************
               * Publisher of        Longevity Report *
John de Rivaz  *                     Fractal Report   *
               *          details on request          *
               ****************************************
    In the information age, sharing can increase world
    wealth enormously, because giving information does
              not decrease your information.
     http://ourworld.compuserve.com/homepages/JohndeR                        
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