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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Stock Farmer who wrote (44508)7/16/2001 1:36:05 PM
From: EnricoPalazzo  Read Replies (1) of 54805
 
This foundation established, next I would point out (politely at first but if necessary, then less so) that the much vaunted "Long Term Buy Hold" mentality of successful investing is not called "Forever Buy Hold" by accident. It is not called "Five Year Buy Hold" or "Fifteen Year Buy Hold" or "Bury me with my certificates" and so on.
I doubt that impoliteness will be necessary, but our definitions of necessity may differ.

Indeed, for those who have skill and intelligence and a certain amount of experience, it is not the most effective strategy at all.

Really? Warren Buffett might beg to differ.

Witness the last few months which have set even our Gorilla portfolios back to 1999.

Really? I'm not aware of a five-year (let along a fifteen-year) holding period for many members of the G&K index that has not been profitable. Are you?

p.s.--I wonder how the short-term traders did in 2000.

Be careful about clearly stating your point. If your assertion is that valuation matters, you'll get a lot of (sheepish) agreement on this thread, e.g. from me. If your assertion is that the last year in some way vindicates a short-term approach, you'll get very little agreement on this thread.
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