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

To: Mike Buckley who wrote (47490)	10/4/2001 10:51:11 AM
From: paul_philp	Respond to of 54805

Mike, With small deviations I think you, Moore and I are all lined up. Yeah! Of course, we all could be wrong. <GG> Paul

To: Mike Buckley who wrote (47490)	10/4/2001 11:06:01 AM
From: Eric L	Respond to of 54805

Mike, re: Moore and G&K Portfolio Candidates << It's good to see Moore clarifying his thoughts -- that he's not contemplating selling shares to create cash but he's also not contemplating adding new money to the market right now. That's exactly my strategy. >> Mine as well. I would also like to say that I have much enjoyed your comments over the last month on Moore, and on "The Gorilla Game". I would like to add that I think we have had valuable contributions here on valuation of companies, and on entry points and exit strategies. I am tiring of some of the Bull v. Bear dialogue although it certainly has its place in this Bear market. One thing that I think that has been sorely neglected however as we endure the Bear is specific discussion on Gorilla & King Portfolio Candidates I would like to see more of it. I myself am again tardy in submitting a Project Hunt Report on King Nokia and a follow up on the Network Effect as applied to Qualcomm. I will conclude those this year. I am hopeful that others will revisit our Listed Gorilla's and Kings with follow ups with an eye towards valuation and that more Project hunt reports will be forthcoming. One highlight here in that regard of course has been the BEAS discussion. Thanks again, Mike, for your ongoing contributions to this thread. For those of us that are adherents to LTB&H and the Gorilla Game investment theory they are most appreciated. - Eric -

To: Mike Buckley who wrote (47490)	10/4/2001 11:17:46 AM
From: Wyätt Gwyön	Respond to of 54805

hi Mike, he's not contemplating selling shares to create cash but he's also not contemplating adding new money to the market right now. That's exactly my strategy. i thought you listed your occupation as "no occupation". i think he is talking about people contributing new cash from their paychecks, as opposed to contributing cash from an existing cash position. the problems i see with this idea: 1. it is arbitrary to distinguish between "new" cash and "old" cash or the cash realizable from liquidating a certain percentage of an all-equity portfolio. much more logical, to my mind, is to set a percentage cash position for the portfolio and maintain it proportionally with new contributions. 2. the reason this may be more sensible than being 100% equities except for "new" cash is that new cash contributions may be very small in percentage terms. e.g., 58-yr-old w/1 mil equity-only portfolio, earning 100k/yr, who can contribute $1666 a month to portfolio: in this case, cash contribution over one year is 20k, which is only 2% of portfolio value. unless someone thinks <2% cash at 58 yrs old is the desired weighting, the distinction of "new" cash here is not very helpful in my opinion.

To: Mike Buckley who wrote (47490)	10/4/2001 6:23:56 PM
From: Trio	Read Replies (2) \| Respond to of 54805

Mike, this post is not addressed specifically to you; however, your post was addressing the original post quoting GM: Am I the only one who noticed the absurdity (IMO) of GM's statement that recovery will be "gradual but profound." What does that mean? Gradual and profound are nearly opposites. People boiled like a frog in an eighth grade science lab on the way down. Has the last week been gradual? Though it's only one week and much in the economy and world are still murky, I strongly disagree with the premise that recovery will be over many quarters. I honestly am unable to decipher how to tell if recovery IS happening; however, I am continuing to invest regularly and remain fully invested. Though it's only been a week my portfolio has added 24, 30, 10, 13% in each of the four G's I've purchased. Some positions are averaging down and three are opening positions. Also volume was huge even before the decline toward the end of the day. Regards, TRIO