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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (9358)	11/1/1999 5:20:00 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 54805

You brought up an extremely important point. The truth is that no single individual gets all the different pictures with respect to tech stocks. Somebody may understand optics, another telephony, another storage devices, another storage management software, another gene transplanting etc. etc. Because I'm ignorant I own 17 stocks. All of them except MRK are growing fast but not all are gorillas. Also I think there's a guy in his garage or in front of his/her blackboard who's about to dream up something that will create a new tornado. We won't know about it and maybe even the inventor won't know about it until it's very close to fruition. Naturally the more science we study the better. The other day I saw something in Scientific American which was pure garbage: it happened to be in my alley. But move over a little bit and I can't distinguish truth from nonsense. The best thing is to retain our humility which you've demonstrated. Then at least we know when we don't know.

To: freeus who wrote (9358)	11/1/1999 6:34:00 PM
From: DownSouth	Respond to of 54805

freeus, some points to remember about Lynch's advice: 1. His heyday was pre- internet. Our information resources are much more robust and accessible than they were pre-1995. 2. His experience was during a time when technology was not the growth engine of our economy. Consumer products drove the economy, along with the defense industry. Even technology (PCs) were predominantly consumer products. 3. His advice was out of the context of the opportunities we have today. There was no internet infrastructure buildout in process. The PC was not a household appliance creating whole new business models. 4. He was managing other people's money, and tons of it. You and I are managing our own money.