>> So, your interpretation of the book is objective, and I suppose that makes mine..........subjective? Why can't you start out with the assumption that we are each equally likely to be objective?
Your summary of the GG ruled out that assumption. Tfm has enough weak points without you to inventing more of them.
>> Your entire investing strategy is based on the book.
That's an interesting assumption, or was it an accusation <lol>? Either way, it's another faulty conclusion on your part. I have been selective in adopting portions of the GG, and never bought into concepts like the basket approach or the Godzilla Game. I'd prefer to describe my strategy as the belief that identifying and investing in mature, profitable companies with sustainable competitive advantages in fast growing markets will yield long term results superior to those achieved by indexers, traders, or market timers. I also buy LEAPS and write covered calls, neither of which are related to Gorilla Gaming.
>> The book says (and they say it over and over), that the only reason to sell a Gorilla, is a substitution threat. That word, "only", is repeated and emphasized and supported by examples, throughout the book.
Over the long term, that may prove to be totally accurate. Indeed, our only area of disagreement may be in the definition of "long term".
>> How can you be so sure of yourself, after all that has happened, all the contrary evidence?
It's a talent? Actually, the hypothesis that the safest path to superior returns is through investing in great companies for the long term is well supported by history. The trick, of course, is identifying the great companies, and that's where I've found the metrics outlined in the GG to be of use.
uf |
