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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: om3 who wrote (16870)1/31/2000 8:10:00 PM
From: Mike Buckley  Read Replies (2) of 54805
 
Steve,

Thanks for joining us! We look forward to having you around, especially if you continue offering such cogent thoughts and questions.

This just sounds like people might have been analyzing these companies incorrectly till now. Now that the book has been out for a while and that threads like this one are gaining lots of readership, won't the market figure it out?

First, when the next recession comes along you'll see that a lot of those people who have supposedly "figured it out" will toss their unemotional, dispassionate approach to investing in lieu of an emotional, passionate approach that gets leads them to unwise decisions. That's one reason the market will always eventually become inefficient even after one of its more efficient periods.

Second, let's assume enough people really do "get it." Knowing how rapidly Gorillas grow over long periods of time, what would be so bad about buying a Gorilla that is fairly valued all the time? Such a stock would still outperform most investments and with an extraordinarily low degree of risk relative to an extraordinarily high degree of safety.

Just my opinion.

--Mike Buckley
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