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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Judith Williams who wrote (47173)9/27/2001 10:32:46 AM
From: Mike Buckley  Read Replies (1) of 54805
 
GG versus capital preservation

Despite that Gorilla Gaming is a long-term proposition, I think the tendency is for people on the thread to think short-term. If I'm right about that, I'm guessing that Gorilla Gaming isn't a good strategy. (I'm guessing because I know little about short-term strategies.)

I'll put the recent growth of my personal finances into perspective, hoping it is reassuring for the people who'd like to believe there is merit to thinking in the long term. My wife and I lived off our assets for a year beginning in mid 2000. Though she went back to work taking a 65% pay cut, I didn't. We continue to take cash out of our assets to live on.

Even so, our total portfolio is nearly 60% larger than it was at the beginning of 1999. It's 155% larger than it was about five years ago.

For the people who want to concentrate on preserving capital, my suggestion is that they focus on why a given stock is rising. It's very, very rare on this thread that anyone ever questions that. The questions tend to arise about a stock's movement only when it is tanking. As an example, all the time I was asking why Gemstar's price was going up (and got little interest in the question), a huge contingent on the thread was labeling the company a Gorilla despite that no tornado had been achieved. I think that an informed opinion about why a stock is rising will lead to better exit strategies, if exit strategies are what you are looking for.

--Mike Buckley
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