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

To: Uncle Frank who wrote (17505)	2/9/2000 12:22:00 AM
From: Dr. Id	Read Replies (1) \| Respond to of 54805

Great posts by you and JDB, Squire Hawk. We're coming up on the 1st anniversary of the G&K thread, and despite the increased level of sophistication and scope of our activities, I believe the basic assumptions we made in early 1999 have proven valid: The Gorilla Game provides metrics for identifying Gorillas and Kings. Emerged Gorillas represent the lowest risk/reward investments in tech investing. The long term performance of Gorillas makes them ideal for ltb&h investors, witness the graphs of Silverbacks Cisco, Microsoft and Intel: Frank, I think that Cisco's earnings and subsequent split news reinforces this yet again (I bought CSCO relatively late in the growth curve, Dec of 97, and I'm up over 500% since then). I know I've been somewhat of a thread curmudgeon (maybe I'm on the wrong thread!) in bringing up issues of GroupThink and now the "Why We Continue to Search" question, but I think that both point out difficulties in human nature which can get in the way of successful gorilla investing. Our nature is to get along with the group, as well as to continue to hunt and search (maybe more among males than females which is supported by the sociobiologists...techboy did say that techgirl was a better buy and holder!). I think therefore that we are well served by continually asking ourselves these questions rather than trying to find a rationale to dismiss them (i.e., there is or is not groupthink occurring here...better to see it on a continuum than an absolute). The more we can check in with ourselves about (1) whether the great deal of consensus on a stock is either groupthink or excellent due dilligence (or both) ; and (2) why we are searching and adding to our portfolios at the expense of buying and holding a proven gorilla; the better our chances of being as successful as we can be. I also like StockHawks strategy (which is similar to my French cousin's strategy toward life): Hold the steady, consistent and proven performer in the main account (QCOM, CSCO, MSFT, INTC, etc), and have a small lottery account (the Portfolio Mistresses CREE, SNDK, etc.) on the side! :-) Dr. Id