Agreed on the being in love part, but I wouldn't be so hard on MSD. Dell management executed their business plan very well during 1995-98, and the shareholders bid the stock up accordingly.
MSD's sales are normal. Whether or not a shareholder heeds his moves towards diversification as a call for their own, is up to them. I diversified, right out of DELL. That was an extreme move that not everyone needed to do. I needed to do it because I saw other opportunities to compound my DELL wealth (while moving away from a one-stock mindset). As it happened, my telecom investments required more than 100% of my capital (no room for DELL with my new focus).
I feel bad for my friends on this thread who have had a tough go of it for the past twelve months. But, it was their choice (for whatever their reasons) to stay in it. I'm sure that some of them believe that they have done the right thing. I am not about to question their personal wisdom, since it is not my money we're talking about.
I still follow this thread, because I do have a lot of friends here, and I get tired of seeing them get beat on for their thoughts. If you're trying to convince them of something, perhaps a more gentle approach is in order.
My change out of DELL probably got some people to think about their personal holdings. That was probably out of consideration for my credibility with this thread (not to pound my chest, or anything). Credibility is important, when trying to make a good argument. So is not being too forceful.
I followed the chain of posts between you and the devout, and I notice that you didn't post that you were short DELL until sometime after beating it up for a while (at least that I could find). This doesn't do wonders for your credibility. Please do not take this as a personal attack, BTW. I see this many places on SI (and am probably guilty of it myself from time to time).
Just my thoughts...
LoF |
