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

To: Eric L who wrote (48233)	10/23/2001 12:26:45 PM
From: chaz	Read Replies (1) \| Respond to of 54805

EricL-- General question...applies to ARMHY. Do you hold any reservations about investing in non-U.S. companies? Chaz

To: Eric L who wrote (48233)	10/23/2001 3:40:31 PM
From: Bruce Brown	Read Replies (2) \| Respond to of 54805

Paul and Eric wrote: Frankly, this board is getting seriously off topic and instead of simply complaining I hoped to add something constructive. It is my hope that this board will return to it's roots soon. My way of helping it along will be to attempt to start discussion on Gorilla and King candidates. I am however a tech investor and tech (market leaders - gorillas & kings) have treated me very well. While it is appropriate to consider relative valuation, portfolio balance, entrance and exit strategies here, that is not the primary business of this thread and this is not. and should not be, a forum to discuss value investing, a. I have participated less on this thread in the last 6 months than I have in recent years because we are, IMO, deviating significantly from the established focus of this thread. I do understand the need to point arrows at the bullseye, but it is also easy to understand the need to reflect about some things in the recent past. Reflection is part of a healthy process and is needed. We just went through something nearly unprecedented in history by way of a mania in the form of a stock market Nasdaq bubble which has had an effect on all technology stocks (and continues to do so). That's not an item that comes along that often, so a pause for reflection certainly has been and is in order. Bubbles have their own historical consequences and the aftermath of this one will probably provide plenty of fodder to ponder in the future. Likewise, a historical precedent has been set as United States soil has been and is being attacked by an opponent that creates an air of suspension. Whether one looks at the attacks to date as more loss of human life than in the entire Revolutionary War or some other measuring stick - certainly such an event is pause for reflection and thought process as to how it might impact the future world and our investing. Add into that mixture the current valuations of stocks within a historical context and we again have plenty of pause for reflection. Even if we discuss current valuations of category leaders in technology such as Microsoft, Intel, Cisco, Oracle, Siebel, Applied Materials, Dell, etc... to compare valuations today to valuations during the previous recession of 1990-91 or other bear market lows, we find we have enough to pause for reflection and discussion. To ignore all of the above and the historical precedent for each would either be a futile attempt at denial or a flip of the wrist at those who care about such issues and wish to discuss them within the context of the folder. I agree that continued discussion of the gorilla game and the game's parameters is a needed focus. So is using the current environment when the cyclical nature of technology is down and out to discuss the companies who are well positioned to come out on the other side of the business cycle in 'game shape'. Yet, reflection is needed to absorb the past and learn from it. Discussion helps that process. Otherwise, we are simply doomed to repeat the same mistakes over and over again as time goes on. That's not something we should wish upon each other or should stifle in terms of discussion. BB