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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Brian K Crawford who wrote (35275)11/26/2000 1:04:19 PM
From: StockHawk  Read Replies (2) of 54805
 
>>it sure seems to me that this is a pretty good time to be Gorilla hunting.<<

Someone recently posted that often-quoted line from Warren Buffett, which says that people who intend to add money to their investments should be pleased if those investments decline in value. That sounds counter-intuitive, but makes sense if the goal is to accumulate additional shares at bargain prices.

In a similar vein, is your thought that a down market is a good time, not just to hold gorillas, but to hunt for gorillas. As with Buffett's idea, this one too goes against Human nature. It is Human nature to become discouraged, to forsake investing when prices have fallen dramatically.

The greatest amounts of money are not made at the top of bull markets, the seeds of great wealth are planted at the ends of bear markets. At the very time when adding to investments seems so futile.

Even on this thread, followed by devotees of long term buy and hold, when were most new candidates brought to the thread? Was it this Fall or last Fall? When were most of the Hunt Reports done?

The enthusiasm to add more money strikes most severely right about the time when adding money is ill-advised. And the best opportunities for adding to one's holdings are often bypassed and overlooked.

At least, its something to think about.

StockHawk
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