Kemble, you are right on. Back in B school, they preached a lot about efficient markets -- that you couldn't predict what would do well and what wouldn't. IMHO, it comes down to talent and character, and to some extent, honesty, as recent events have shown. Bet on the firms with the best management teams -- Dell, MSFT, et al, and stay away from the others. Then let the natural abilities of humans in the right place at the right time work their magic.
Here's this guy, MD, several years my junior, and he's kicking butt, and he sees where he needs to go, and he goes there. That's all I need to know to feel good about my Dell investment.
I do hope that CPQ shareholders will consider jumping on the Dell train for this leg of the trip. One of the things I BELIEVE from B school is the concept of sunk costs. It doesn't matter how much you have lost -- your investments should be based on where you can get the best return, and if that means switching horses, then so be it. All Aboard!
INTCfan |
