Ariella,
Profits: I'm not trying to teach anybody anything. Any stress I have, I leave in a gym (6', 190 pounds of muscles). We only know that MS mentioned about a slip by couple of months, not conformed by MM but probably the case. So how much are they loosing .01 per share and any revenue will bring them into the plus territory? I still believe in the Internet/Intranet technology and I do not look at looses as much as exposure, market place. My investment strategy is "not to miss the Internet boat" so twenty years from now, I have position in companies from the start. This means that I'll be in wrong companies most of the time but few winners will make the difference. For example if I invested over 10 years ago in Microsoft, Apple, Amiga, Atari making money on Microsoft alone would by far eliminated any losses.
As far as vision: I have worked in many hi-tech companies (Fidelity, Charles Schwab, PictureTel, Marquett Medical Systems,... or forgot Microsoft) and what really counts - the vision, drive, do not be ignorant to the market, sales & marketing and profits - just happens - that is spend money on people, technology and that at the right time, don't be afraid to risk, don't be "cheap", don't count every penny... Just go big and steady plus be aggressive and eat your competition (disclosure: have not heard that at Microsoft). |
