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

To: Apollo who wrote (54650)	12/8/2003 3:23:21 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 54805

Portfolio Survey - sounds like a good idea for this thread too. :)))) Here it is: Mutual funds 60% Cash 10% Company stock (not including options) 6% APCC, BMY, CDT, CX, CHKP, NTZ, ARMHY, ELY: ~2% each. Explanation: Majority holdings in 401(k), where I cannot buy stocks. Lesson learned in 3 years: Buy when expected calculated return is high and hold. :) Exit strategy: The usual one: when expected annual return drops below 5-7%, sell! Good luck Jurgis

To: Apollo who wrote (54650)	12/9/2003 12:22:21 PM
From: Stock Farmer	Read Replies (2) \| Respond to of 54805

Good idea for this thread too. I've got an average of less than 1% of Total Portfolio Value in each of 17 publicly traded low-tech common shares including Altria, GE, Pfizer, Scotiabank, etc.. adding up to 12% of TPV. 5% of TPV in speculative out-of-favor high tech (NT, LU) 8% (at cost) of TPV in private equity securities 2% (at cost) of TPV in private debt securities 2% of TPV in cash 71% of TPV in "G&K cash" (actually long-term high yield fixed income and preferred convertibles in multiple currencies, majority now non US$) What did I learn? That the greater fool theory is indeed alive and well (at least in my case... LOL...) and that valuation is a great tool for downside protection over the long term, but that it is also an equally great tool for upside avoidance in the short term where the madness of crowds dominates. My exit strategy in case of a bubble? Same old same old. Buy great companies at reasonable prices whenever one of 'em goes on sale and sell when my long term objectives for the position are met. If someone is willing to pay me 8x for a position I hoped to get 15% over a 15 year term... well, I'd be hoping for more than I'd hoped for if I turn him down.