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To: Jacob Snyder who wrote (8664)7/11/2001 3:11:57 PM
From: Uncle Frank  Read Replies (2) | Respond to of 10934
 
>> Gus, on EMC thread, is a smart guy.

I like to read the smart guys, too, but keep in mind that even smart guys can get it wrong.

>> haven't heard back from you

There was no need to reply. I was merely trying to get you to recognize that you had let your value bias influence your characterization of the GG. Now that you've reviewed the fm, perhaps you'd care to restate the following based on an objective interpretation.

The Gorilla Game tells you that Gorillas have future earnings that will grow faster than "lesser grades". Also, those earnings are more reliable (more predictable for further into the future, less influenced by macro events) than the earnings of "lesser grades", and therefore Gorillas will always command higher multiples.

uf