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


To: Uncle Frank who wrote (38003)1/16/2001 12:55:46 PM
From: StockHawk  Read Replies (2) | Respond to of 54805
 
>> Murdoch's huge stake in the company is troublesome.

As is Malone's. They make me feel like I'm at a poker table in Vegas, and am bracketed by 2 professional
gamblers. I've found that to be a losing proposition at 7 card stud; why should it be any better in investing?


Because at 7 card stud, the only way the pros win is if you lose, and the pot is winner take all. With stock ownership, all shares rise and fall together. If the price of GMST triples, Murdoch and Malone make a bundle and all other holders are rewarded as well, while if the stock tanks, the big guys fell some pain, and perhaps can take action.

Now of course, if I'm a majority owner of a dozen companies and I wish to milk one of them to feed another, then the minority owners of the one milked will suffer, but is that likely in the GMST case? In investing, you want to ride with the big boys. Forget the analysts who have no steak in the issues they follow. Show me someone who puts their money up and I'm interested. If if the people putting up the money are savvy businessmen with a string of successes behind them, all the better.

StockHawk