Thanks to those who responded to and discussed my GG smaller cap/shiny pebble strategy.
I considered doing a few mathematical examples, but while I thought about it, Mathemagician did it for me, and better than I was going to do myself! BB also added a nice savings table to show the power of steady compound interest over a long time period.
After reading everyone’s posts on the topic, I realized that all I REALLY recommended was excluding CSCO EMC INTC MSFT SUNW and ORCL from my future buys, assuming I don’t already own them from a much lower price. ($150B was the market cap criteria I suggested)
The stocks that I could still own include GMST JDSU NTAP QCOM SEBL WIND SNDK CREE, etc.., and a select few others from the W&W portfolio. Not a bad group to pick from.
I did some additional soul searching as to why I so firmly enjoy and believe in the GG and its criteria. It can be summed it quite easily. “Losing money sucks.” The GG and this board is a wonderful testing ground for a company. There is very little chance that 9 out of 10 companies with a market cap under $150B will lose 90% of their value, assuming they make it past the guys here. I also looked at my current portfolio to see how it was balanced, and where my gains and losses are. I have’nt been practicing the GG for a long enough period of time to have accurate results, but NTAP and GLW are leading the way for me. Every time I have cash available to invest, my heart puts the money into the smaller companies. I have completely abandoned trading, and now buy and hold exclusively. I do tweak my portfolios here and there where needed. The buy and hold theory alone has increased my success greatly.
Also, the “buy the basket” strategy, reinforcing winners while letting underperforming companies go, and emphasizing LTBH all increase the chance of success. Focusing on technology, not buying unproven companies, looking for tornadoes, and everything else that applies to the GG has made me a better investor. (I made several hundred trades the past year or so, and with a few exceptions, treaded water and wasted time. Purchasing the Gorilla Game was one of the best buys of my life.)
Basically, the thread leaders listened, I learned, and now realize my PERSONAL strategy is acceptable if not accepted by all.
I look forward to reading the upcoming Project Hunts, and can’t wait to invest in the companies that pass the test of the minds on this board.
Jason W
atleastMYmindisclearernow@abigfan.com |
