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 : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (555)	7/28/1998 11:08:00 AM
From: Axel Gunderson	Read Replies (2) \| Respond to of 1722

Hey Berney: As I recall you had Intel as a favorite earlier in the year. What do you think of it now? I'd be interested in hearing both your short term and long term views (and the rationales behind each, of course). I believe it was Phil Fisher who stated that the appropriate number was somewhere between the starting line up of a basketball team and a baseball team. If you work through his ideas (from Common Stocks and Uncommon Profits) on how much could be put in each stock, it does work out to almost invariably be in that range. In his book on conservative investing, he explicitly states that for the individual investor to have 20 or more stocks is evidence of incompetence, and suggests that 10-12 may be appropriate for such an investor. Axel

To: Berney who wrote (555)	7/28/1998 12:30:00 PM
From: porcupine --''''>	Respond to of 1722

<< I've been day/position trading, certainly not endorsed by BG or WB. >> As far as I know, Graham had no problem with it. In fact, Graham even points out its fun. But, Graham was a stickler about labelling it as such -- to avoid confusing oneself or others. For example, buying Yahoo would be fine by Graham, as long as one didn't tell oneself (or others) that this is "investment" (much less "value"). Fwiw, I'm interested in the insights you've garnered from "day/position trading", to the extent you have time to share them.