Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Uncle Frank who wrote (47993)	10/16/2001 3:28:18 PM
From: areokat	Respond to of 54805

>>Very understandable. Those are similar to the same reasons I've held my Gorillas, who I believe have even higher barriers to competition and better management teams than KO's.<< I agree uf which is why I spend more time here than my dear wife thinks is reasonable <vbg>. Also why I've had most of my portfolio in gorillas and have shifted berkshire money into gorillas in the last few weeks. Kat@atleastIhopethey'regorillas.pennyportfolios

To: Uncle Frank who wrote (47993)	10/17/2001 11:07:36 AM
From: hueyone	Read Replies (3) \| Respond to of 54805

Interesting that despite his devotion to valuation, WB has maintained a long term position in KO through difficult times and what appears to be serious overvaluation based on what he judges to be sustainable competitive advantages. Hello U F: This similarity between Buffet and Gorilla Gaming with respect to LTB&H of great franchises has been mentioned on this thread frequently. But there is at least one huge, dramatic difference between Buffet's investing and Gorilla Gaming investing as recommended by the manual that needs to be mentioned yet again, and imo, cannot be overemphasized: Buffet will only purchase a stock (a "business" is the term he prefers) if he expects the present value of the future "owner earnings" from the company to exceed his purchase price. The manual, with its total neglect of valuation, is implicitly making the assumption (erroneously) that the present value of the future "owner earnings" from the Gorillas will exceed the purchase price because "Gorillas tend to be undervalued". This was a bad message to be sending during the bubble and I am still disappointed that Paul Johnson kept it up to the last. Best, Huey