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

To: areokat who wrote (39220)	2/14/2001 9:24:40 AM
From: LowProle	Read Replies (3) \| Respond to of 54805

it isn't easy being a Long Term Buy and Hold investor. How many people do you know that can say they've even held half of their stocks 5 years?,for 10 years?? It is, IMHO, a rare bird that can do it and when one talks I'm all ears. I have plenty of clients who have held stocks for 20, and even 30 years. Most of them don't watch the market at all, much less on a daily basis. It's difficult to hold stocks long-term and be a market-watcher at the same time. It seems to be basic human nature to wonder if the other guy has positions superior to yours--and then act on this fear in moments of weakness. This no matter what your purported investing philosophy. (One reason many of us like reading Buckley's posts is that we admire his dogmatic adherence to the tenets of the manual.) Based on what I have observed, if you want to be assured of being LTB&H, then buy your shares and find a way to spend your time other than watching the market. The problem with this is that its tough to be a gorilla investor without keeping track of what's going on in the fast-moving technology arena and who's buying what and why. Not because we need to trade often on information we glean from our readings, but because we need to hone our gorilla-hunting skills. Gorilla hunters don't want to wake up in 10 years and find out that Newtech, Inc. was Microsoft and 2001 was 1986. At least not when they didn't hold Newtech, even if what they did hold gave them a handsome return. Let's face it: we are attracted to Gorilla-game investing because of Moore's promise of superior returns, backed up by concrete examples. If we simply wanted to keep pace with the market indices there are easier ways to do it. Nobody said this stuff was easy, but it's a hell of a lot of fun. No small part of that thrill comes from the fact that we hope to trounce the S&P 500 in the long haul. That's why I would rather hunt gorillas than play rotisserie baseball. Now if I could only get some work done I could pay my bills...<g> JMHO

To: areokat who wrote (39220)	2/15/2001 12:52:40 AM
From: kumar	Read Replies (1) \| Respond to of 54805

How many people do you know that can say they've even held half of their stocks 5 years?,for 10 years?? ... it is a rare bird I met an elderly gentleman at my local pub today, and we talked a bit about stocks. turns out, he'd bought some stock in a local bank back in 1960, subscribed to their DRIP plan. over the years, the local bank got taken over by a bigger local bank, which then got taken over by a regional bank. The guy is sitting on stock thats "currently" worth $75/sh, and his cost basis is around $3-5/sh. (he only knew the cost/current price, coz his accountant told him in Jan). Oh, and he "faintly remembers buying some other big name stock around 1980, but cant place its name or its current price" :-) cheers, kumar