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Technology Stocks : George Gilder - Forbes ASAP
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To: Roger Hess who wrote (4218)5/11/2000 11:46:00 AM
From: Jordan Levitt  Read Replies (3) of 5853
 
What I find interesting about George's QCOM holdings are how little he has.

Let's say we use a price of $100 ( about right for the date of the WSJ rebuttal. That means(if the article is correct in stating that he has $ 500,000 worth) that he has about 5000 shares. If George buys/holds as he says then we should be able to measure how strongly he believes in his picks. Presumably he made his purchase around the time that Q was added to his list. The newsletter shows a reference date of Sept. 24/'96 and reference price(not split adjusted) of $19 3/8.

Since Q has split 8:1 since then, that implies that George bought 625 shares ( If he hasn't sold some). That means his total commitment to his "greatest" pick was around $12,000.

There is no rule that says he has to buy into his own advice...it's just that it is something that I like to see when someone tells me where to put my money.
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