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

To: slacker711 who wrote (22299)	4/5/2000 10:33:00 AM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

Slacker, thanks for your valuation comments also. Glad to know we've got at least three skeptics in the house. :) The more I think about Frank's report of Moore's recent speech, the more I'm fascinated by one comment Moore made. It was so important that Frank wrote it down verbatim. Paraphrased, he said that the market may be wrong but it's not stupid. Moore's statement certainly leaves room for the possibility that Gorillas can become overvalued. When I decided to make the subject of valuation a primary topic of my presentation in San Diego, I knew that would be at the risk of completely boring people. But valuation does matter. The higher stocks get in short periods of time, it appears to me that many investors tend to think the less it matters. In reality that is one of the two times it matters most. (The other time is when stocks get extremely low over any length of time.) If the folks who didn't go to San Diego and didn't purchase the video tape (not yet in my mailbox) want the gist of that part of my presentation, let me know by PMing me. If there's enough interest, I'll do a write-up of it next week. --Mike Buckley