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Neither he nor Carnahan ever argued against Apogеe’s grim assessment of Cintas’ stock.

2003 earnings forecast." Specifically, Apogee cited Cintas’ tumbling net margins and return on assets. P.S. While I do believe we have come to a major turning point in the asset markets - which will favor hard assets like gold and commodities in the future at the expense of financial assets - this case is not so clear-cut as to indicate that all financial assets should be liquidated and only hard assets should be purchased.

While U.S. financial assets may under-perform commodities in the next few years, commodity-related and basic stocks should provide superior returns in an environment of rising inflation rates and a weak dollar. The Department of Homeland Security lowered its terror- alert warning from "orangе" to "yellow" yesterday, giving investors the green light to buy stocks and dump gold. But investors still tend to play by the ‘old’ rules of the investment game (buy the S&P 500, the NASDAQ, and the TMT sector) and are unaware that ‘new’ rules have been introduced.

Your co- editor might have harbored a tinge of malice after losing only $5 million or $10 million. This was no idle past-time; always at work on your behalf, dear reader, your editor was composing the introduction to his new book.

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