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

To: BirdDog who wrote (35659)	11/29/2000 3:01:37 PM
From: Mike Buckley	Respond to of 54805

Bird Dog, I believe in the companies I've invested in. I have never invested more than 12% of my portfolio in one company at any time. That is the exact spirit of my investment philosophy. I have for long had a "rule" that an investment would initially be no less than 5% of my portfolio and ideally would be at least 8%. The maximum starting position is 12%, though I made one exception when I invested 15% in Qualcomm for reasons I won't bore you with. I also agree with you that as my philosophy evolved I no longer average up or down as a portfolio-management strategy per se. In the days when I had disposable income and was adding cash to my portfolio, I added to positions using criteria that had nothing to do with the price of a stock relative to the price I initially paid for it. Averaging up or down was inherently the result but it was never a motivating factor. --Mike Buckley P. S. Tekboy, didja notice that I spelled "the" word correctly this time? :)