David Beard Quotations

On the other hand, people are living longer now. That is kind of the negative side. If people are living longer, these businesses won't grow all that fast.

To compete in the Olympic Games has always been a dream. The opportunity I have to represent my country at them is unbelievably exciting.

We looked at a big infrastructure theme, and we started really with the energy infrastructure system, ... We own coal companies that mine the coal. We own the rails that transport the coal. And we own the construction companies that build coal plants. Coal is half of our energy.

It brings added spirit to the team and it's a great experience to share your high school sports experiences with your only brother.

I think the market is saying that the Dow has been flat for a year. If you look at the Nasdaq, it's up 40 percent year to year. And so the Nasdaq is going to correct probably quicker than the Dow, or the Dow will tread water, while the Nasdaq continues to come in.

I think we've anticipated that the economy's not getting worse, ... But in order to see the next leg up, we need to see a significant upturn in (2002 profit) numbers.

Last year gave us confidence, but it also gave us a goal and drive to build on to improve this year.

Typically in bear markets, you have rallies. However, I tend to think we have put in a bottom and will keep rallying from here.

Volleyball is the sport through which I am able to express my God-given talents of being an athlete. It is a sport which involves relating, pushing, and encouraging your teammates. It has helped evolve me into the person I am today.

We'll start to see shifts in there, and I think high-end consumer stocks are going to see a lot fewer sales,

We own Edison International -- it is our largest position. It's a California utility. It could earn $2 a share next year, ... And it's probably worth between $22 and $24 (per share). They have an unregulated subsidiary, which could be worth another $2 to $4 (per share).

We own a hospital stock. We own a couple of them, but our favorite is UHS. They're performing well. Admissions are up. Pricing is up and that stock's probably worth 30 percent higher,

You have to take the actual numbers and the guidance and combine the two. I tend to think if the high p/e (price-to-earnings ratio) stocks have a weak quarter, and even if they have ok guidance, they're going to get killed. But if there are cheap tech stocks that have a weak quarter and so-so guidance, they're probably the ones to buy first.

We think pricing is going to be up in mid-single digits as early as June. People are not really looking at this at all. And historically, if you look at a price to sales multiple, this stock can trade as high as $40-to-$50 (per share),

Earnings warnings are backward looking; economic data are forward looking. People want to look forward.

Even for a professional, it's difficult to get your hands around the information. It's difficult for everyone.

Really, I expect the light volume to probably last until the Fed stops raising interest rates, and that will kind of depend on the economic outlook that we see, in terms of how much growth we have at the end of this interest-rate cycle. It really tells me that there is a lack of conviction from the buyers and a lack of conviction from the sellers, ... And it's somewhat psychological because people have their stocks, they're down, they don't want to sell them. And that's only been going on for, what, two or three months now? The real question is, after six or seven or eight months and stocks are still down -- will people start selling at that point? And maybe the volume picks up at that point.

And then Lamar -- it's a billboard company. It's all in small markets. Their business has been turning and coming back and it's trading at 15 times free cash flow, ... We think it's worth $20 (per share) and can get taken up between $60 and $70 a share ... You're starting to see the rebound in advertising. The billboard business, for them, continues to be pretty steady and it's rebounding. So, it's more specific for Lamar but the industry is performing better.

As long as the numbers are within expectations, it's going to be a win-win situation. If the economy is a little bit weaker than we think, that's good because that means the Fed will keep cutting. If the economic data is a little bit better than we think, that's good too because that means companies won't miss numbers.

That showed us that we can win and that people would now respect us.

You're still seeing people like Compaq worried about the quarter so you're seeing more pressure on high multiple stocks. The market is still trying to find a bottom but selling on continued fears of warnings.

This is really sending a bad message to the public.

I tried almost the same thing as he did last year in our match and I lost. Losing to him last year gave me that mental edge and made me work harder to be a sectional champion.

It's two-thirds of our economy, and we're making the bet that the consumer confidence is going to pull back,

It's been a long fight, and it's been really difficult to find another location.

The biggest of the big are finally capitulating. Usually that's what happens -- the biggest of the best are the last to go down. But don't forget the worst of the worst are down 90 percent.

The biggest of the big are finally capitulating, ... Usually that's what happens -- the biggest of the best are the last to go down. But don't forget the worst of the worst are down 90 percent.

It's important for undergraduate students to learn to write for real audiences doing real work, and not just for an instructor who is going to grade them. I'm excited that the university is interested in this kind of collaboration.

As you may know, they're also in the Dow as well,

You can see many companies have collapsed that never generated cash flow.

The market opened down when people did a superficial analysis and saw that (HP) missed earnings. Once the conference call got going and you had a chance to read the press release, you got a different story. Hewlett's demand picture was good.

The market is selling off because the fundamentals are weak and the stocks are overvalued.

The last two 'up' days have been on higher volume so you've seen the confirmation of a rally. Stocks aren't going down on bad news anymore.