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

To: tekboy who wrote (35429)	11/27/2000 7:53:00 PM
From: Paul Senior	Read Replies (6) \| Respond to of 54805

For me, other lessons. There are people here who've made $millions (and maybe have been able to hold onto those dollars) by buying the few G&K stocks. So it has worked. But now, I'd guess it's not working so well for most people. I'm one who's always been interested in what works for most people. And what successful people who've gone before have said that works for most people. On this thread today, I see too much investing inexperience, too much margin and too much concentration. Too much of people who don't seem to have read or understood ANY basic books on investment. Too much of people who maybe want to be too quick and too rich in their investing. How do most people buy their custom made suits and luxury cars and 5 bedroom houses? Imo, they buy by going through a progression. Like with cars-- first car is used clunker maybe, then maybe a used sports car, then a new $20k car, then a modern BMW, then finally top of the line. And that, imo is how most people come to make and hold $Millions. They don't use margin and leaps and calls and puts successfully (if ever)until they've got the basics down. They don't try to force $15,000 to do the work that $100,000 should do to take the person to $150,000. Darn few should expect to come first to the end of the progression chain and expect superior rewards. But inexperienced people here, imo, are betting they can skip to the end result. Spot checking the thread, I see people who say they've used margin incorrectly or failed to take gains when they could have. That's only the surface mistake that they talk about. What could be a deeper mistake? Perhaps it's participating or following this thread too closely -- getting sucked into the enthusiasm, the inevitability, and superiority, and logic of G&K stocks and the people who know so much about the companies discussed herein. Coming to believe thread readers are a team of friends, confidants and comrades. So staying with people who only concentrate on a few, few technology stocks which all have similar characteristics (and so excluding any other type of investing), of reading of similarly situated people who use margin, options, sophisticated stuff and then coming to believe that's the way to do it, the normal way, the way of successful people, and the way it should be done. Ultimately having had the positives and pressures on this thread prevent taking a response to declining G&K stock prices. All a very, very risky way to sustainable long-term investing profits, imo. all imo, Paul Senior who is wrong many, many times who is very well diversified, who views investing as a long term process