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I've never, ever, done better in the number two or three spot as compared to the number 1 spot(i.e. 3Com vs. Cisco). It seems that there's a reason why they're in number 1. This is just a personal rule-of-thumb that I NOW try and follow.

I hung on to Motorola and Oracle for quite some time thinking that value investing takes patience. I have since replaced them and in the interim the two newbies are by far outpacing the outies. Whether this will be looked at as a good switch in the long haul--I dunno. Believe it or not, the main reason I did "flee" was not because I got impatient, but because I had a problem with the management of both Companies. Whenever this occurs, for better or worse, I flee. There's too many other good companies out there managed by high-talent people to settle. Don't Lament or repent, simply get out since you're not stuck in cement--I know, don't quit my day job.

Leo
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