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To: JMD who wrote (35524)	7/17/1999 9:34:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 152472

OTOTOT Hey. since both of you Mikes are among the best thinkers (combined with humor) I have observed on this thread, lets not stop there. One of the ideas in the Gorilla Game is that when it is not clear whether a specific company is a future "gorilla" - i.e. long before any bowling alley or chasm is in sight - a GG sanctioned approach is to spread your bets at first. I did this for example with Cisco in 1990, Stratacom a bit later, Wellfleet a bit later, Ascend a bit later and Cascade a bit later still. Long before the Gorilla game was written. But the point is that this is a perfectly respectable GG procedure. Waiting is not always required. And from my personal experience, using Cisco as an example, sooner beat later by a long shot. Waiting for an "entry point" would have been a loser in each of these cases. Dollar cost averaging might have been a good way to get into these flyers if funds are limited by the way. An approach of considerable merit IMO. Comments? Chaz

To: JMD who wrote (35524)	7/18/1999 12:23:00 AM
From: Mike Buckley	Respond to of 152472

Mike (JMD), don't want to be academic but the NPV concept is designed to do exactly what you suggest is The Gorilla Game's thesis, i.e., dealing with a 'risk adjusted' rate of return. Agreed, to a point. Using NPV is one way of addressing risk. The Gorilla Game's way is by following the adoption of product. Though you mention that dealing with a risk-adjusted rate of return is easier said than done, at least you are attempting it by using NPV. My biggest complaint about Gorilla Game is that it makes no attempt whatsoever at quantitative analysis. --Mike Buckley