>> I have read it and plus inside the Tornado and Crossing the Chasm.
I'm impressed with your studies, Greg. The books provide the theory, and this is the application laboratory. While we don't practice all of the Game's aspects, shunning the early stage market basket approach, we do practice concentration in the Gorilla as opposed to diversification (or, as Kemble would say, de-worsification).
>> I do not like have my money dead for a year, so I'll never be a true Gorllia-Game investor.
None of like dead money. In fact, most of us look for Gorillas or Kings that have the potential for doubling in the next 12 months. It turns out that you don't have to abandon momentum to be a Gorilla gamer. The fact that many of us have a significant part of our funds in tax sheltered accounts allows us to be both!
>> I'm trying to come to terms with the valuations we are seeing now.
I am, too. To be honest, I distrust the ease with which we've succeeded this year. But, otoh, my target for qcom when I purchased it in April was 400 pre-split by the end of the year, and we're over 1,000. If there is a pause, or even a 25% retracement, I won't be happy, but I won't be devastated.
>> I'm not saying it's going top happen, to the likes of CSCO, or emerging Gorilla's like JDSU and QCOM
Uh oh, you need to re-rtfm. Qualcomm is a Gorilla, but JDSU is "merely" a King, since they are operating in a non-proprietary open standards sector. We can't afford not to be in Gorillas, since time is costly, so we can't eliminate the possibility of retracement, but are comforted by formidable barriers to entry and high switching costs associated with companies like qcom, csco, msft, intc, sebl, and hopefully gmst (our newest Gorilla candidate). It's about as safe as it gets. But as Warren Buffett said, if you can't face the possibility of seeing your portfolio decline by 50%, you shouldn't be in the stock market.
Stick around and read our posts for a while, Greg; you might find you like the game after all.
uf |
