Gorillas and Kings ...........
Hello Joel,
<< Nice to see so many G&Kers still here. >>
... and it's nice to have you drop in.
<< I agree wholeheartedly with the idea of a moderated thread. >>
I voiced serious objection to that when we considered it here. I did not feel it was necessary, and I felt it would be counterproductive.
I no longer would object to participating in a moderated thread - ideally modelled along the same lines as this one and focused similarly - and in retrospect I wish we had taken the board moderated when we had the opportunity to do so.
My equities portfolio consisted primarily of market leaders or potential market leaders when I joined this board in early 1999 and it consists primarily of market leaders today, and will tomorrow.
I learned a lot here and profited from the discussion.
I learned a lot about companies I was unfamiliar with, and technology sectors I had no familiarity or only passing familiarity with.
I also met and discorsed with some bright, articulate, fun people, and it helped me avoid some poor investment decisions, or in some cases recover from some relatively unscathed.
Some of the companies discussed here initially looked like attractive portfolio candidates in that MoMo year of 1999. It encouraged me to dig deeper, and ongoing discussion or my own due diligence often helped me avoid the temptation of taking positions in what we classified as shiny pebbles, some of which are still shining.
Candidly, I am more than a little bit tired of repetitiously hearing about why "The Gorilla Game" is unsound investment theory. I happen to think it is pretty sound, although I would be the last person on earth to say that it is the only investment theory one should consider, or that its theory should be applied in a vacuum.
Before Moore teamed with Johnson, and Kippola, to write the manual I was applying the learning of "Crossing the Chasm" and "Inside the Tornado" to my professional life and the learning therein had rubbed off on my investing life as I overlaid its principles on other investing theory I had studied and applied over the years, essentially adding it as another level of examining a company and its future potential as an addition to my portfolio. I have most certainly been the beneficiary of some positive results from doing that.
I think what is really unfortunate is that this thread deteriorated to a point where we weren't engaging in detailed discussion of potential technology portfolio candidates - or reexamination of some old chestnuts - back when Nasdaq was in the 1100 to 1400 point range. We may see those levels again but most certainly there were sound buying opportunities when Nasdaq traded in that range that I would have liked to examine more closely with the assistance of others when the opportunity was at hand - which is not to say that it won't be at hand again.
I'll be most interested in seeing what comes of the Uncle exploring "2 options."
Best to you,
- Eric - |
