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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: tekboy who wrote (43739)	6/21/2001 12:25:55 PM
From: Stock Farmer	Read Replies (3) of 54805

Thanks Techboy, I call myself an investor. Value? Yes. But even more importantly Value at a Reasonable Price. I view the G&K strategy as fitting within such a framework, as opposed to standing beside it or in place of it. What you have here is an excellent methodology for identifying and selecting a minimum number of equities from which to populate a tech/growth basket. Which in my case fits within my overall portfolio along with my bond basket and my dividend basket and so on. I am trying to have my capital working for me to provide income and grow and prosper. No mistake about it I have LTB&H bias. What the methodology appears to be missing is an itempotent decision making criteria around which to say "should I invest another dollar here, or elsewhere or nowhere". It pre-supposes, that such a decision is the right decision and has already been made and then goes about identifying the gorilla to which the dollar should flow. The events of the last 18 months should bring a fatal flaw of this methodology to light. Mostly, and particularly in a bull market, it is right. But often, as in a bear market, it can be the wrong decision. Investing is not about buying a slice at any price. It is about anticipated returns. Those who had the luxury of being the G&K originals more than 2 years ago are fine, but the well meaning advice of some of the crusty venerables here led many newbies to hold gorillas at prices that appear now, in hindsight, to be rediculous. Maybe they will go back up. Maybe a covered call strategy will nurse them back to profitability. I ask the thread to imagine the value of a tool that would have saved these new folks so much grief. Allowed them to own these gorillas. But not at the price they paid. Merely adjusting the strategy of ownership from "must invest" to "invest at the right price". To think that maybe one of the pieces of most sage wisdom missing from this thread back then was "son, now's not a good time". I will close now and say that such a tool does exist. John.

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