Stitch,
<<Don't you ever dream about discovering, and investing in, a company like EMC, INTEL, and MicroSoft at their embryonic stage?>>
What am I going to say? No? Of course I would love to be an embroyonic investor in the next Microsoft. I suspect I will not be.
If I spent all my waking hours studying, researching, interviewing, and analyzing cutting edge businesses/technologies the odds would still be heavily stacked against me.
I prefer to invest my long term money in companies with proven technology, proven research and development and proven business acumen.
I suspect that all the companies we have mentioned have had a crisises or two where the prudent investor bailed out and the starry eyed dreamer held on. Starry eyed dreamers usually get taken out and shot but, very rarely, all the dreams come true.
I dream with short term funds ( and, frankly, have a great deal of fun researching, talking about, cheering, razzing, and speculating) but my life, my retirement is on the guerrilas. The ones who have been to war and survived.
I may never be Bill Gates or Warren Buffet but I'm very comfortable,
Yogi |
