Paul,
I was with your refreshing viewpoint but I also have some glaring differences with it. I especially agree with your assessment that it's best not to try to get $15,000 to do the work generally required of $100,000.
The most important disagreement I have with you: Spot checking the thread
Spot checking this particular thread will lead you to wildly misleading conclusions in my opinion -- whether positive or negative. As demanding as the task might be, reading either the last 15,000 posts or the first 15,000 posts might be more worthwhile to the average investor than reading any single investment book on the market. If you're wondering, I've read all 35,000.
There are people here who've made $millions (and maybe have been able to hold onto those dollars) by buying the few G&K stocks. So it has worked. But now, I'd guess it's not working so well for most people.
It depends on what you mean by "now." If you mean this year, you're right. But if you've read the manual, you know that it's worked very, very well for most people who held onto their gorillas over long periods of time as the manual suggests.
Ultimately having had the positives and pressures on this thread prevent taking a response to declining G&K stock prices.
Over long periods of time, Gorilla stock prices haven't declined while the companies' CAP remained intact. If you disagree, show me an exception. But please be very, very careful about the watchwords at the core of Gorilla Gaming -- "over long periods of time" and "while the companies' CAP remained intact."
How do most people buy their custom made suits and luxury cars and 5 bedroom houses?
Well, ya got me there. I dunno. I don't buy custom-made suits and I don't live in a 5-bedroom house, or a 4-bedroom house, or for that matter, a 2-bedroom house. In fact, life became pretty comical when I had 15 people over for a party and the one toilet stopped working. Did I mention that I don't buy custom-made suits? And while I do own a luxury car, I bought it when it was three years old. It's seven years old now and I just bought a piece of leather so I can have the hole in the the driver's seat fixed. I apologize for my sarcasm about all those truths, but I really do go nuts when people start measuring wealth or proof of investing knowledge in terms of material possessions.
End of rant.
--Mike Buckley |
