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

To: LowProle who wrote (39235)	2/14/2001 10:37:51 AM
From: Mike Buckley	Respond to of 54805

Great post, chimney! You eloquently touched on several really important issues. I believe those of us who aspire to Gorilla Gaming are indeed subject to the understandable factors you mentioned. To overcome those factors, we need to consciously practice our craft to become proficient at it. People who haven't noticed the fine details in my posts might not realize that I'm certainly still in the practice stage of GGaming, not yet proficient at it. Though I've been investing seriously since 1990 when I began as a total novice with long-term aspirations, the education process during the first 7 or 8 of those years caused me to gradually (emphasize: slowly) change my methodology. As a result, I doubt that I ever held a stock more than three years and right now I've held just one stock in my current portfolio only a tad shy of four years. Two of them I've owned three years and another two I've owned close to two years. The remaining one was purchased in July. Perhaps most important in my attempt to practice the craft of long-term investing is that I only sold one stock last year (Citrix, when its fundamentals reversed.) --Mike Buckley

To: LowProle who wrote (39235)	2/14/2001 11:47:22 AM
From: areokat	Respond to of 54805

I have plenty of clients who have held stocks for 20, and even 30 years. I accept what you say at face value and I'm glad to hear that because I don't know many personally. Since the TFM hasn't been out long it is not likely that many in this group have held many stocks that long. Heck, I didn't even know what business csco was in, I thought they were in the food business (I know, different company). And if you look at the posts on this thread you can tell that many posters have bailed out during the down turn. we are attracted to Gorilla-game investing because of Moore's promise of superior returns Definately a primary motivation which is why many of the class of 2000 are nervous. Not only have they lost their profits but in some cases they are showing losses in their principal. I know, it's short term but realistically near term effects are hard to shake off and have more of an effect than the long term view. One reason many of us like reading Buckley's posts is that we admire his dogmatic adherence to the tenets of the manual Agree completely. I just hope he doesn't get tired of repeating the message because to take, it does have to be repeated over and over<g>. Especially in times like now. I wonder if there is some way the thread could sign him to a LT contract, say 10 years. <lol> its tough to be a gorilla investor without keeping track of what's going on in the fast-moving technology arena Good point. I hadn't really thought about GG LTB&H being a derivative but you do have to pay more attention and spend more time doing research.If one wanted to test it though, I suspect that the results of just being a LTB&H investor in a portfolio of gorilla stocks would be above average returns. In a portfolio not all stocks have to be winners, just enough. it's a hell of a lot of fun. Partly because of all the stimulating people you run in to on this thread. Great Post. I enjoyed. Kat

To: LowProle who wrote (39235)	2/14/2001 12:46:23 PM
From: mtnlady	Respond to of 54805

"I have plenty of clients who have held stocks for 20, and even 30 years" I honestly don't see many companies in the high tech industry being around 20-30 years from now. There will be exceptions (e.g. IBM) but the nature of the business makes it very, very hard. Look at what happened to LU when they missed just ONE product cycle (i.e. OC-192)! It may not put them out of business but it's going to make it extremely hard for them to ever come back to #1 unless NT misses a product cycle. And with product cycles occurring every 6-12 months, in most industries. The chances of missing one product cycle over 20-30 years is very high. You miss one product cycle and your company may never recover. I've worked for 3 companies that broke the 'fastest growing company' record (i.e. the fastest ones to 1 bill in revenues). Of the three only Cisco is still around. The other two were swallowed by competitors after they.. yep (!).. missed a product cycle and got lost in the shuffle.. In short. I may love Siebel, NTAP, JDSU, NT and others but I honestly don't expect these companies to keep producing such wonderful returns for 20-30 years. My target is usually 3-5 years for each once they hit the tornado in force. A little longer if they are well diversified (e.g. NT) or a software company (SEBL).