Hi Dan.
I thought Level 3 Investing was a worthwhile read. I already adhere to some of his views – my portfolio is almost entirely in equities with very little cash and no bonds. Some of his other ideas make logical sense, but fail my “sleep at night” test. For example, I have a separate emergency fund that I don’t even count as “in my portfolio”. But I think Saul doesn’t want this board to become a book discussion club.
I recently read something from an old Barron’s where they explained the appeal of Micron. The older computing paradigm focuses on chips with a lot of computing power, but only enough memory to store the computer program’s instructions. More modern tasks (e.g., machine learning) turn that paradigm upside-down, needing chips with much less in the way of computing power, but much more access to data (typically stored in memory). Micron specializes in memory chips.
“Word of mouth” and ALGN. Ouch.
Fool on!
Thanks and best wishes,
TMFDatabaseBob (no position in companies mentioned)
See my holdings here: http://my.fool.com/profile/TMFDatabasebob/info.aspx
Peace on Earth