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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: moonsparks who wrote (55783)	4/13/1999 12:19:00 PM
From: Alohal	Respond to of 132070

My what a vociferous defense of MB. Did I strike a nerve here? Your post in revealing on several levels. You say I don't get it, what exactly is it that I don't get. I'm well aware of MB's 90/10 strategy, I simply have a different investment strategy. As you post says quite clearly "He is BETTING a limited amount of capital...with the potential to make huge percentage returns." Now that sounds very much like gambling to me, a fine and enjoyable thing, but not something I care to do with my capital. If you had bothered to read some of my previous posts, you would understand that I have been investing with only a percentage of my gains from this delightfully long bull market run for years. (https://www.siliconinvestor.com/readmsg.aspx?msgid=8711128) Second, it wasn't me who was making predictions about the level of the Dow by year end, it was Michael Burke. I didn't make him say it, I just said I'd be here at year's end to get his comments. If one doesn't care about market level, why make pronouncements about them, I surely don't. So Dell was down 4% yesterday. 4% from what? The previous day. I don't care much about the daily fluctuations of my favorite stocks, I buy them for long term gains, of which I have had mucho. Periodically I take some off the table. Dell is not down 4% from my average cost basis, indeed it is up more than 400%. It is you my friend who doesn't understand, I have a different investment style than MB, indeed from my perspective MB's style is more gambling on short term market moves than investing. Hey he's entitled to his style and I'm entitled to mine. You ask what the absolute risk of my portfolio is, as you know very well it is 100% theoretically. Assuming that all of my portfolio holding went to zero tommorrow I would still have made more money investing in big cap tech stocks than I could ever hope to spend in this lifetime (I suppose I could spend it all if I really really tried hard). However, if that happened, even you would find no shelter. Finally, you ask if I find that nonexistent revenue growth is good for an industry? First, I don't invest in industries, any more than you or MB invests in the market. I invest in companies. I presume, since you believe all I'm interested in is Dell that you are speaking of the PC industry. Indeed Dell is one of several in the PC and PC related industries that I invest in and the last time I looked Dell had very positive earnings growth. You bears run around shouting look look Dell isn't growing at 50% anymore, what a piece of sh*t stock, it's going to hell in a hand basket. I'm very comfortable with reduced rates of earnings growth as both the industry and Dell begins to mature. I'll settle for 35-40% growth which I believe is very realistic over the next 18-24 months. You welcome in advance Regards and aloha.