Kimberly (feminvstr)
You are RIGHT ON with post #3778.
But my advice, based on my earlier quick read of Anthony's empty and self-serving prose (which I have since placed on my 'ignore' list), is for you to do the same. Anthony is not a pony. He may be tied to a pole but that pole is his own ego encased in a delusion of grandeur.
As for the Kentucky Derby, that is an apt figure for some aggressive investors' approach to stock selection. The Derby (and the market) is open to many horses. The main difference is that the Derby includes only those horses who have had to prove themselves as worthy candidates for the big race while the market is flooded with thousands of nags who are only looking for a good feed. Several of the Derby horses will really run. All have the potential to win. One will win. One will place. And one will show. Most will be also-rans. But there is always next year. Last year, the horse that won was QCOM. George Gilder singled QCOM out in late 1996 and early 1997 (vol I, #1,2 & vol II, #1,3). In vol II, #1, George declared in bold print:"CDMA-long declared by its avid critics and shortsellers to be a technology scam-finally prevailed in wireless telephony."
You know the rest of the QCOM story if you have merely read market headlines for the past 12 months.
After QCOM, George, in his earlier issues, featured CIEN, LU, NSCP, SUNW, TXN, VTSS, XLNX, UNPH,(in the July '97 issue now JDSU),NT, BRCM (March, 1998 issue),GLW, JDS Fitel (in the May, 1998,issue now part of JDSU), AMCC (October 1998), TERN (December 1998).
George's latest is AVNX (April 2000) which has met with as much if not more scorn as did QCOM back in late 1996.
Check each of these issues out since they were first included in George's Telecosm World. Don't you wish that you had bought them then and simply held on throughout each of the several ups and downs of the markets since then. A modest investment in each would have turned you into a millionaire by now.
But back to the Derby analogy. What is Gilder's role in preparing us for the one BIG race. George tries to select those horses that will win, place and show long before the race begins. When he finds worthy candidates, he researches them to the point that he is satisfied that they will lead the pack in the only race that counts. He then shares his knowledge with those of us who have come to trust him. He does not need us. We need him. And we now need to protect ourselves from those johnny-come-latelys and and other penis envy types who think that they can bring the great man down. George is perfectly capable of taking care of himself against all comers.
To conclude this rather long tribute to Gilder: We don't need the self-appointed stock gurus and other shady types who generously favor us with their diatribes as if they were doing us a big favor in saving us from Gilder. They have nothing but contempt for us because we refuse to place any credence in their contumacious crap. Rather than return that contempt, perhaps we should just silently smile on our way to the bank and hope that the unbelievers will soon see the light and see it before they crash headlong into that blank wall which is really nothing more than their unbearably suspicious and officious minds.
On the other hand, perhaps that we should hope that they don't discover the Gilder Letter. Too many are now aware and they add to the crowd who chase the latest stock mentioned in the Gilder Letter without bothering to do the necessary DD. These are the ones who make it hard on those of us who came early to the fold. These are the ones causing the rush, a rush that now requires that we protect ourselves as we try to apply the knowledge that Gilder brings.
P S: I see that you are new to SI. Keep on thinking, keep on posting and here's to your successful investing. |
