Subject: Re: o/t msft from Barrons,
People paid insane amounts for Microsoft shares in the tech bubble, expecting that the business would continue to do extremely well in the next 10+ years.

PS

This past observation was not intended to make any comment about the valuation of Microsoft at today's levels, or suggest that it was crazy now.
I haven't seriously tried to value Microsoft lately so I won't comment.

I was just illustrating that sometimes, at least at extremes, the current valuation level is very important and a motion to adjourn is called for, so an investor should watch out for that.

Jim