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

To: Seeker of Truth who wrote (43909)	6/25/2001 6:55:50 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 54805

Malcolm: Please get off my case for "market timing". I am saying buy good companies at a good price. Which requires that you come up with a definition of "good price". Once you have this definition, it is not a large leap to ask "what about selling good companies at an even better price"? Which seems to have really really really confused people. I am actually advocating selling not merely because I think the price will go down irrespective of value, but because I think the price is more than it's worth on an absolute basis over the long term. Big Big Big difference. And those fans of buffetology will note that buying a whole company significantly lowers the possibility that it becomes randomly overpriced thereafter. John.