C  A  P  I  T  A  L
"Consciously paying more for a stock than its calculated value --
in the hope that it can soon be sold for a still-higher price --
should be labeled speculation (which is neither illegal, immoral
nor - in our view - financially fattening)
-- Warren E. Buffet
For more information about
Alston Capital Management LLC,

the Alston Value Fund LLC,
or the Alston Long-Term Opportunities Fund LLC,
please contact:
"Common-Stock investment as a whole presents a psychological
hazard, because stock buyers are subject to human weakness and are
prone to talk like investors and to act like speculators.  But
assuming that the common-stock investor can hold himself rigidly to
a true investment pattern - which means that he will stick to
high-grade stocks bought at reasonable prices - then the experience
of the past fifty years supports the view that he will fare
appreciably better than the bond investor.
Benjamin Graham (1949)
 "The genuine investor in common stocks does not need a great
equipment of brains and knowledge, but he does need
some unusual qualities of character.
Benjamin Graham
"Maybe people get a little depressed sometimes and don't want to
pay a lot for stuff.  Maybe people get excited sometimes and are
willing to pay a lot.  So maybe people simply justify high prices
by making high estimates for future earnings when they are happy
and justify low prices by making low estimates when they are sad.
Joel Greenblatt