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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (5015)8/21/1999 1:42:00 PM
From: Dr. Id  Read Replies (4) of 54805
 
Mike (and Lindy and Frank and anyone else who chooses to respond!),

I have read all of the posts here on the Q, and am also a subscriber to the Gorilla Game email list. I bought a couple of hundred shares of Q back in March and have more than doubled my money. I also have gotten a number of friends to buy some Q and they are very pleased. Further, I plan to add to my Q position when I can.

My question is this: As I read more and more posts, I'm starting to feel that Q is a "can't miss", a "sure thing". I fear a level of what Social Psychologists call "Group Think", whereby the cohesiveness of the group leads to poor judgment and decision making (JFK's cabinet and the Bay of Pigs fiasco is often sited as a good example). More specifically, groupthink results because members of a group become so concerned over keeping a high degree of consensus and cohesiveness that they suspend their reality-testing powers and fail to exercise their ability to critically evaluate ideas. I'm not saying that that IS happening here (I'm sure I've seen it on other threads, though, where alternative opinions are attacked...and no, I'm not just referring to Paul Engle!:-)), but I am concerned as I'm not seeing the possible downside to Q.

I'm also aware that there are ways of avoiding groupthink. In particular, group members should be encouraged to play "devil's advocate", others should be encouraged to bring in opinions from outside the group, there should be continual reassessment of new information, etc. Not meaning to be a wet blanket, but any thoughts about this?

Jeff

p.s. Sorry if this is annoying, but I can't help but think this way...I'm a psychologist! :-)
p.p.s. I also think that this is the best thread on SI...just my two cents to keep it that way!
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