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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Mike Buckley who wrote (85)9/4/1999 12:09:00 PM
From: Seeker of Truth  Read Replies (2) of 1817
 
I'd like to advance the extreme view which is that the only
internet shares an amateur investor should buy is that of
a "nurturer", i.e. a venture capital company which also holds some or part of its investments. The other internet
possibilities are either losing money or selling at hundreds
of times earnings. I submit that it takes full time in the
relevant industry to evaluate the worth of a company that
is losing money. If we have a job to do, and are busy with
that how can we acquire such specialized expertise? The nurturers on the other hand have a track record. We can see
how the underlying value increases, taking into account
participation in IPO's etc. What sort of track record can a
money losing infant company have? Increase rate of sales
may not mean much; you can usually expand your sales if you
sell things for less than they cost.
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