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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Stoctrash who wrote (34186)11/2/2000 10:43:43 AM
From: StockHawk  Read Replies (1) of 54805
 
>>.it's called money management a neat little fact the GG book left out. <<

No, the book did not leave that out. Rather, it held to the idea that a long term buy and hold strategy outperforms a short term buy and sell strategy. Big drops in price are seen not as an indication to sell to preserve capital, but as an opportunity to buy to enhance future wealth.

Does that mean it is impossible over any particular period of time to beat a LTB&H strategy? Of course not. And it does not mean that anyone following the book is guaranteed never to lose money.

There are what - 5000 threads on SI that do not try to follow a LTB&H strategy or any particular book's ideas. This thread is following a set of guidelines, and this bear market, rather than being a rude awakening has served as a confirmation of the validity of the strategy for those who have been following it diligently for quite some time now.

When stocks are generally falling it is human nature to think that trading in and out can beat a strategy of holding. Just like when stocks are generally moving up strongly it is human nature to think that any stock at all, even a hair-brain money-losing concept, can make one rich. The point is that these short term signals are usually wrong.

But I'm not suggesting that you, or anyone else, change philosophies. If you are comfortable and successful doing what you are doing, that's great. Keep it up. Most here who are comfortable following a manual called the Gorilla Game will do the same.

StockHawk
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