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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Len who wrote (15282)1/16/2000 11:42:00 AM
From: gdichaz  Read Replies (1) of 54805
 
Len: OT Sort of. (as you said) (reply here is also) To each his/her own.

As a person who retired twice, once at 51 and worked then on some jobs from time to time that I thoroughly enjoyed and hope were helpful to many people, and then retired again from both full time and part time work, this is a very key consideration.

And I have my own views on it. But the old saying about not being able to "walk in someone else's shoes" applies.

Nothing is more individual than risk tolerance, the family situation, hopes and dreams, and what investment approaches make sense in specific individual situations. Each is unique.

I can speak for myself and myself only in my individual case. It applies to no one else. No other person is me. So each situation is different.

In my case, after the first retirement I was able to devote more time to learning about technologies as a non technology savvy person but as one who knows a bit about research and analysis.

That was extremely important. And that was when I tried to figure out where the trends in technologies were strongest.

That was networking in those days. So I bought a basket of networking stocks - which included Cisco and others. All did extremely well. Cisco consistently did the best. I made money in all of them - without exception. But I gradually concentrated on Cisco. That turned out to be the right choice.

Of course there was no Gorilla Game book then, but what I did was consistent with basic gorilla gaming as reflected in the book - but not this thread by the way.

Since I know something about economics I have leaned much nonsense but some useful ideas.

One useful concept is "opportunity cost" - that is that not doing a particular thing has a cost.

In investments, not using a basket has a cost.

If we were all brilliant and could pick the gorilla (a pretty rare animal by the way) up front, then investing in that one company and that one company only would be sensible. Absent that I thought that it was not - for me..

But again, all this is just for me - in my specific case. Others are in very different situations, and I make no recommendation. They need to make their own choices.

Enough for now.

Will proceed if there is any interest, will not if there is none.

Best.

Cha2
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