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billion dollars. We had them for an hour. And, they sure sounded
very knowledgeable. One man was quoting from at least fifty
different sources of information. The net of what they said was that
there was still a future to equities probably for another year or
two, i.e. that they would rise and that we would maintain our
percentage, which is about sixty five to seventy percent of the total
portfolio in equities. I was suprised that they came out with that
rather bullish conclusion given everything that's going on, that I
see going on around me.
So we'll check this out a couple years from now. [laughter]
Yeah, a couple years from now. [laughter]
O.K. Let's go on. Now you also since our last meeting, you were
at the President's Council meeting and I thought I would take the
opportunity for you, first of all to highlight anything interesting
that might have occured there, and then discribe your involvement.
Start with, last one first.
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