This is all very old stuff to you guys here:
messages.yahoo.com
I used to think these boards are mostly a waste of time to ones research process. No more. There are little gems everywhere you look on the Internet. It takes time (and some luck) to discover them. Once found they are invaluable. Thousands of hours of reading, talking, and thinking, provides one with insight. Insight gives us the necessary edge to invest with (long-term & deep) conviction. To me, at the end of the day, depending on your investment methods, insight is the key to making big returns.
For some reason, insights are freely shared on the Internet (with total strangers; like stuff you would never tell your best friend :-) ). The Internet changes everything.
The layperson has lots of insight. Giant opportunities are often not hard for the layperson to understand (that's what I like about investing because my IQ will never allow me to invent/discover CDMA). For example, English is a language, it's hard to rip it out. Windows is a language, it's hard to rip it out. Cisco's routing protocol is a language, it's hard to rip it out. X86 is a language, it's hard to rip it out. KO is Pavlov's dogs, G is habits, GEICO is low-cost, etc, etc. These are not difficult concepts.
Too bad the controversies (holy war, infrastructure, handset) surrounding Qualcomm have subsided immensely. I would much rather own an undervalued volatile business franchise. Say bye bye to volatility, say hello to MO, say hello to The New New Qualcomm.
Sure was a lot nicer when Gregg was around (the rest of you guys are great too). |
