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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: RobertSheldon who wrote (13247)8/7/2001 7:10:52 PM
From: Ally  Read Replies (1) of 15615
 
>Yes, we wrote about this in a recent book. Buy and hold is important only if you can identify the ~5% or so companies that will be "worth" buying and holding long term<

Venture capitalists too look for the ~5% worth investing in with 70% busts, 25% long wait, and 5% home runs (statistics best I remember from reading somewhere sometime ago.)

Common issue with B&H is the long wait and the uncertainty that a wait will invariably be fruitful. Surely in today's democratized market of sophisticated investors there is more than a one trick pony <gg>
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