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VALUE CHECK - OCTOBER 25, 2001
With the continuous stock market volatility, investor activity appears to be fraught with considerable confusion, periods of irrationality and lack of discipline. This, we believe, is partially caused by the widely divergent investment opinions with regard to the financial outlook. The end result is that investors remain baffled by the present environment.

We strongly believe that investors must stick to their disciplines and produce a well-thought out portfolio game plan. But, more importantly, this investment game plan must be carried out with maximum conviction and strict adherence.

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