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

To: Mike Buckley who wrote (49106)	11/25/2001 10:33:33 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 54805

hi Mike, your amended version of the question sounds fine to me... re: your answers, they don't surprise me, but you seem to have a clear understanding of the risks involved as they relate to your own case. when it comes down to an informed personal decision, each person's unique situation will color their choices, which are hopefully ones they can live with. it is, rather, the uninformed decisionmakers out there who are most vulnerable, psychologically if not otherwise. Just the opposite, I think living happily with the volatility that goes with such a decision makes it inappropriate for almost all portfolios. i agree with this entirely. most people can live with volatility of an upward direction, but the downside is another story. but since there is no up without a down, the entire range of possible outcomes should be considered. again, the distinction i would draw is between having a market-weighted portfolio, of which the tech portion is in G&K stocks (G&K investing approach #1), versus having an overweighting of tech (in excess of 20% of equity holdings) composed of G&K stocks (G&K investing approach #2). i think both types of investors can be considered Gorilla Gamers, although the risks entailed in #1 are not the same as in #2.

To: Mike Buckley who wrote (49106)	11/26/2001 11:05:25 AM
From: JohnM	Read Replies (1) \| Respond to of 54805

Do you believe G&K investing is a valid approach for your entire investment portfolio? Has that opinion changed? If so, when and why? My answers in advance in case you don't ask for them: :) Yes, I believe that and no, my opinion hasn't changed. As I recall, Mike, you said you took a large amount of money out of the market sometime back to fund retirement, enough to cover expenses for several years (I forget just how many). I gather from your comment above that you don't count that as part of your investment portfolio. Why not? I assume you have it in some sort of fixed income arrangement. Why not count that as part of your investment portfolio? John (just curious)