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

To: Uncle Frank who wrote (43791)	6/22/2001 12:11:11 AM
From: Thomas Mercer-Hursh	Respond to of 54805

did so using their own best judgement Or, at least what passed for it at the time!

To: Uncle Frank who wrote (43791)	6/22/2001 1:15:49 AM
From: EnricoPalazzo	Read Replies (1) \| Respond to of 54805

It is my belief that those who took positions in g&k stocks during the high valuation periods did so using their own best judgement. As one of the said newbies, I concur. I've also tried to improve on my best judgment... (That's why I bought RMBS and NTAP at 40) ardethan@longwaytogo.net

To: Uncle Frank who wrote (43791)	6/22/2001 2:10:55 AM
From: Stock Farmer	Read Replies (2) \| Respond to of 54805

UF: I've been awake for all but the last 4 of 48 hours. Some of the impatience and impertinance I have felt has crept into my words, and yes, I am sorry. Perhaps rather than counselling me to review the last 43,791 posts (which does little to improve my frame of mind at this time of night), you would review merely a few of recent responses to me. Responses to views that are, as you point out, somewhat unique. At least they are well thought out and presented with genuine intent to be understood. I have lurked here because the G&K method is good for picking stocks in which to invest. But I have long felt that it is exposed to the "buy a slice at any price" trap. Which my grandfather who was a financial advisor in 1929 warned me about. And I have long pondered this question. And then I saw it play out in technicolor. Cool. Not often does one get the opportunity to draft view, test it in action, and see the results unfold. I am merely suggesting to augment the pure G&K strategy with an asset allocation mechanism so that such traps can be identified, mitigated, and avoided. But instead of exploring ideas and seeking the grains of wheat amongst the chaff, and working with me, I am buried in a storm of chaff, some of which has been brought along just for the party. And you sit by... and then "find that remark to be inaccurate and insulting". But did you bother to step in when inaccurate and insulting gauntlets were hurled at my feet? No. I ask you with what wisdom do you presume my motives as malignant? Just perhaps, is it possible that you are seeing the response of a tired individual who is feeling a little more than beset and cornered? Urged on only by a desire to learn and explore and innumerable PM from folks who lurk this thread and do not post for fear of being treated to what I have suffered. This is closer to my actual stand sir. Because this thread does not appear to be a very receptive place towards alternative ideas! And my mind is rebelling against attempts to be forced closed. Am I here to preach "my" style of investing? No. This is G&K. But I'm not going to stand by and be told that what works for me doesn't work. Can't work. Is too difficult to work. Or to sit by and be dissed undeservedly. Or assume a request to go read 43,791 posts is sincere and well meaning. Or allow you to duck from your responsibilities as a leader to lead. For you are one, and indeed I do respect you as such, and therefore hold you to a very high standard. Good night. And I will probably be less crusty in the morning. And I plan to let this whole thing wash away and continue posting (for the benefit of those who are asking me to) and contributing my thoughts and adopting the thoughts of others and synthesizing new views. If indeed that is worthy of contemplation. I hope you will show similar grace under fire. For what it's worth, I am sorry for getting out of line. Well I was pushed. It doesn't diminish my culpability, but I feel better having said so. Perhaps you can understand. If not, no biggie. Tomorrow is another day. John.

To: Uncle Frank who wrote (43791)	6/24/2001 5:08:02 AM
From: tfrugal	Respond to of 54805

"the well meaning advice of the crusty venerables here led many newbies to hold gorillas at prices that appear now, in hindsight, to be ridiculous" (JS) "did so using their own best judgement" (UF) Gee, from where I sit, both of these statements are true. We are biased towards LTB&H, so right NOW is just one point on a long path. EVERY decision I make is with my own "best judgement", like averaging down on NTAP at 58, and 18. Today, those price points do get ridiculed by that smartass in the mirror. Next year, who knows, maybe he will be more impressed with my decisionmaking. Still, he vastly prefers my self-directing to a mutual fund. Maybe I am missing something, but I don't feel JS is busting anyone's chops. It would be nice to "back test" some of his metric tools to see if they could improve on LTB&H, such a tool would be most welcome! If there is a bully pulpit on this thread, then UF is standing behind it. Many have been tar n feathered by that prosperous investing curse (rightly so, usually). This time it sounds like UF has taken broad observations personally. I hope Mr Shannon continues posting here, as he brings much to the discussion. All in my own opinion, of course. Will anyone believe that crusty the clown is my uncle?