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Strategies & Market Trends : Gorilla Game Investing in the eWorld -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (85)	9/4/1999 12:09:00 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 1817

I'd like to advance the extreme view which is that the only internet shares an amateur investor should buy is that of a "nurturer", i.e. a venture capital company which also holds some or part of its investments. The other internet possibilities are either losing money or selling at hundreds of times earnings. I submit that it takes full time in the relevant industry to evaluate the worth of a company that is losing money. If we have a job to do, and are busy with that how can we acquire such specialized expertise? The nurturers on the other hand have a track record. We can see how the underlying value increases, taking into account participation in IPO's etc. What sort of track record can a money losing infant company have? Increase rate of sales may not mean much; you can usually expand your sales if you sell things for less than they cost.

To: Mike Buckley who wrote (85)	9/6/1999 1:38:00 PM
From: gdichaz	Respond to of 1817

Mike: Hey your Merlin name seems to fit here too. You certainly foresaw that B2C would be discussed here even though the priority is for B2B. In rereading I have noticed that the lion's share (if the gorillas will pardon the refernce to the king of the beasts) of posts have been on business to consumer e commerce companies with the run away winner AOL. We all seem to have opinions on AOL and are anxious to share them. This would make your point Mike that Peter Lynch was on to something when he suggested that we are more comfortable with companies we know and whose products we use. The B2B e commerce companies are more remote to our direct personal experience. Hope that is will be possible to give emphasis to B2B here even so, because that is where the greatest future growth is likely to be - at least that's what Teflon says - and I of course listen when he speaks. :-) Cha2