Buy Quotations | Page 5

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

What we're seeing this morning is in response to OPEC's comments and also some old-fashioned year-end book squaring. Oil prices rose sharply and then fell. The market is doing some to-and-fro action, where traders saw the fluctuations and thought about pulling back instead of buying at the higher prices.

What this does is it keeps buyers away. It's a lack of buyers. And they would prefer some certainty.

We're doing everything we can to keep our costs as low as we can, but the largest percentage of our cost is the cost of purchasing the power that we deliver to our customers. We could fire everyone and not do anything, but we still can't control the cost of energy that we have to buy to provide our customers.

We're more or less waiting and seeing, ... Pfizer's dividend is definitely safe. It's the biggest drug company with good cash flow. It could easily buy a biotech company and improve their (research and development) line that way. That's what you're going to see with large-cap companies. They're going to partner up with biotech companies or buy them outright as a way to improve their (product) pipelines.

Yen selling may not extend to today. Some investors sold a bit too much yen, so they may buy some back, which could benefit the Japanese currency.

Yen buying seems to be stalling after an initial round of optimism about the Sept. 11 election receded.

Years ago I wanted to buy an apartment in New York City. I was a single female - I had gone through my divorce - I had three children, I was in show business and black. It was, like, impossible.

Years ago, Fidelity told you not to buy because of a manager, but because Fidelity as a whole always turned to gold. Now you have to look at a manager's performance.

You don't need personal fabrication in the home to buy what you can buy because you can buy it. You need it for what makes you unique, just like personalization.