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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: dday who wrote (94904)	2/28/2001 9:39:34 PM
From: Ibexx	Read Replies (1) \| Respond to of 152472

Bob, Thanks for your insightful post. It's a great read. Would love to know a bit about your core holdings and trading positions. Would you consider QCOM to be in the former camp or the latter? Appreciate any thoughts you might offer. Ibexx

To: dday who wrote (94904)	3/1/2001 1:30:41 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

That was a great post, Bob. Thanks for the insights from a pros point of view. >> a frequent surfer and sporadic poster But when you do post, it's a great read. uf

To: dday who wrote (94904)	3/2/2001 11:09:00 AM
From: Thotdoc	Read Replies (2) \| Respond to of 152472

I just came back from a family trip to New Orleans. There is one person in our family, a family of successful professionals and entrepreneurs, who though the most conservative has made the most money of all of us over the long haul. We are all in our 50's, 60's and 70's and serious about making and keeping money. There are over 250 years of business and investment exoerience sitting around the table, sipping Abita Bock Beers, eating Zaps potato chips and munching on oyster po'boys talking about the market, business strategies, etc. We are family and know how each other lives and travels. Ther is little bullshitting going on. The most astute of the younger generations are in the background listening and learning about how we do it. How they get to live the lives they do.. Through the years, each one of us has had the "best"market strategy for a short period of time. During get togethers one or the other of us, the one being most successful would quietly expound on the model that we were developing and using to "make some serious change." At this last family visit most of us were talking about how well or badly we had timed getting in or out of the current phase. When the talk came round to Uncle Gus-the conservative mentioned above, he said he was fully in. Now we all know that Uncle Gus has the most money, so we were interested in why he had stayed in. In fact, we can all stay at Uncle Gus's house and not be crowded Now Uncle Gus is in his 70's and is still active in his professional practice and in investments of different sorts. When we ask why he's still in fully he says, "Over the last 50 years Ive tried many styles of investing. As a CPA, Ive done the tax returns of thousands of investors. I've listened to each of you for the last 30 years or so. A few years ago I decided that the only fool proof way to invest is to accummulate shares in the biggest abd best companies within each sector, and then to hold those shares until it becomes clear to me that they are no longer the biggest and the best. In any 6 month period, there will be someone at this table who will develop a better strategy for that 6 month period. But over the long haul, I will win." With that Uncle Gus left us to get another round of Abitas, and we sat there in silence. Then one of the younger generation said, "Investment should be exciting. The way Uncle Gus does it sounds so boring. I'd rather time the market and day trade. I know that I can beat Uncle Gus. He's so old and conservative" Regards, G .