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

To: Icemember who wrote (23134)	4/20/2000 1:26:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> I am suffering a bit of disillusionment from my initial zeal as a big game player. It would be hard to be upbeat in light of the hammering we've taken over the past 3 weeks. I consider it a test of tolerance to volatility. >> It seems in retrospect that our adherence to the notion that Wall Street consistently underestimates the potential of Gorillas and Kings, and what a terrific advantage that is to us GG'ers, is a slippery notion indeed I don't recall the fm including Kings in that category. Can you reference a quote? Allow me to explain without GG lingo why I am optimistic about our favorite investments, Iceman. I posted the following on the Qualcomm thread a few days ago: Why I've chosen to be an optimist: I do a massive amount of due diligence on a company before I decide that I want to be a part owner. I re-visit that decision on a regular basis, and if I feel their fundamentals have changed for the worse, I retire my position. But if the business is prospering and I have confidence in the wisdom of its management team, I extend my period of ownership. Economic and market conditions have significant impact on my investment, but since no one has the ability to predict them to any degree accuracy, I regard them as an unavoidable part of risk/reward equation. On the other hand, history documents that the market has recovered from every single correction or crash. I believe the best chance I have to prosper is to buy partial ownership of great companies, and to maintain ownership for lengthy periods. My definition of a great company is one that is leading its sector, growing at a fast pace, and generating excellent profits. The market has always rewarded great companies with higher valuations than lesser enterprises. There will be earthquakes and tornados and wars over the coming years, someday we'll die, and in the far future, Sol will turn nova and destroy every planet in our solar system. I'll make sure I am emergency prepared, write a will, and won't waste much energy worrying about entropy. Rather, I'll try to focus on the wonderful experiences that life offers. I try to verify every fact in my posts, though I'm less rigorous about offering my opinions. I only feel it fair to warn you that, should you read one of my posts, it will generally be optimistic. uf