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: Paul Senior who wrote (35502)	11/28/2000 4:31:30 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Paul, As I look at the chart, it seems to me BRKb could be a nice offset in a portfolio otherwise filled with tech stocks that have come down this year. Why would I need an offset to tech stocks that have come down this year? I don't invest one year at a time. --Mike Buckley

To: Paul Senior who wrote (35502)	11/28/2000 4:41:17 AM
From: EnricoPalazzo	Read Replies (1) \| Respond to of 54805

I think that this is a good time to recall one of Buffett's many shrewd observations: namely, that investors should work within their circle of competence. To paraphrase WB, the exact size and scope of the circle isn't crucial, but knowing its limits is crucial. WB, for instance, understands retail, insurance, newspaper publishing, and a few other industries very, very well. He'd be crazy to venture into another industry which he doesn't "understand" (I use the quotation marks because WB's definition of understanding is quite rigid--for instance, his understanding of technology markets is actually quite high, compared to most investors). People on this thread have chosen, for the most part, to focus on a few high tech industries: optics, wireless, storage chief among them. I can't speak for the rest of them, but I haven't the time, energy or ability to venture outside these industries (pretend that I don't own GMST... I often do). Are there lots of great buys outside of tech? Sure. Retail must have some. Hell, BRK.A/B is pretty awesome. But in all honesty, if you're looking for healthy long-term returns, technology is a pretty great sector to focus on. And the people on this thread have been pretty good at finding the specific high-tech regions that should provide tremendous growth in the ensuing years. WB also notes that investors should think of investing like a baseball game where no strikes are called. It's OK to let lots of hittable balls (excellent investments) go by untouched. What's important is that when you do swing, you swing at a gimme. This requires us to stay within our circle of competence. prosperous investing, ardethan@EVERYONE?HowAboutAmericanAirlines.com