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

To: tekboy who wrote (10239)	11/13/1999 11:21:00 AM
From: StockHawk	Respond to of 54805

>> what matters will be less general market performance than the performance of the companies in my portfolio<< Nasdaq hits a bunch of new record highs, stocks we follow here like QCOM, JDSU, GMST, etc. make dramatic rises. Everything is going up right? Wrong!! According to Investor's Business Daily 68% of the stocks on the NY Stock Exchange are trading Below their 200 day averages. For many, many investors - like those in value stocks, or small caps - these are not good times. We have been skillful in our selection process and lucky in that the market for tech stocks is strong now. Undoubtedly, there will be tech corrections in the future and some of our stocks will underperform the market. However, if we stick with our rigorous stock selection criteria, and can avoid jumping ship when the storms come, we will beat the market (and outperform Buffet). StockHawk

To: tekboy who wrote (10239)	11/21/1999 10:24:00 AM
From: DaYooper	Read Replies (1) \| Respond to of 54805

Hi Tekboy, I'm about a week late here and several hundred posts behind but still thought I'd add another perspective to Buffet's disgust with current valuations and how we can both respect him and reconcile our own views. (Although I did like your conclusion that Buffet is a gorilla gamer.) This seems to offer a choice: either I can lower my expectations dramatically, or be arrogant enough to think I know better than the greatest investor in history--neither an attractive proposition Buffet really knows only one investment philosophy, that being Graham value investing. Further, he refuses any attempt to learn about technology companies just as my father refuses to touch a computer. Fear of feeling humbled probably. Buffet's attitude reminds me of a quote by a great inventor decades ago that "everything that can be invented has been invented". (Can't remember who said this, help appreciated). I wonder if Warren ever second-guesses himself. His stature as a "greatest investor" is diminished, imo, by his unwillingness to embrace the technological revolution. Slow down everyone, I'm still 600 posts behind! Rory