Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Buckley who wrote (14622)	1/9/2000 1:14:00 AM
From: straight life	Read Replies (1) \| Respond to of 54805

Mike Yes, but they are just as happy to buy the same inventory from anyone because buying it from you as opposed to anyone else doesn't add value.That's why the business analogy doesn't hold for me... That's because I haven't illuminated the business model well enough. Another analogy: The value I add is my research. For example, the stock market has expression: straw hats in winter. We look to purchase that for which there is insufficient demand because we think that in some other 'season' demand for these securities (hats)will skyrocket. I bought Q for example for a split adjusted $4.75 on 10/8/98. They were throwing it out WHOLESALE on Wall St., practically giving it away. I was frantic; emptying out mutual funds, calling vice-presidents at Fidelity DESPERATE to free up some liquidity to buy as much as I could. Straw hats in January... or those guys who pop out of nowhere when it rains in Manhattan, selling umbrellas? Your point that I don't understand is fungibility; stocks as commodities. That's another reason stocks are great-- each share of QCOM looks like every other share-- when 'they' want to buy Q, they'll take mine as fast as anyone's, which is all to the good. Trying buying and selling coins and arguing over whether it's a VF-20 or EF-40. Big difference. ...though it is fascinating and thought-provoking. of course it is, because while you and so many others talk of retirement- the truth is we haven't retired at all; we've become self-employed. Retirement means you clip coupons and golf all day. This new business discussion is far closer to the mark. We're still analyzing and following companies. We have cash flow management issues and inventory issues, tax questions and information overload concerns. These questions underlie most of the discussions here. We're owners of companies who must decide every day whether or not to sell these companies for a whole host of reasons, as it's the only decision we get to make about them (unless of course Irwin takes your calls). Every day the market makes you a thousand offers. Every day we balance a score of criteria to decide how to proceed.