General Information

Name:
bob mills
Fool Since:
March 12 2008
Where I Live:
western Massachusetts
Gender:
Male

Investing Basics

Investing Experience:
Medium High
Risk Tolerance:
High
Investing Style:
Long-Term Buy to Hold
Portfolio Size:
Large (12 or more Stocks)
Types of Investments:
stocks and options. 110% in the market at most times, i.e., no cash, and leveraged via options.
Stocks I Own:
AAPL, ABB, JLL, GE, SOLR, CRUS... 30 total. thinning this down to 15-20 by jan12 options expiration. was 60+ in early 2010, so i'm making progress.

Investing Favorites

Stocks:
AAPL, SOLR, PWER, CRUS, ABB, GOOG.
Industries:
anything with the potential to be transformative. that doesn't mean all tech companies. it does mean companies like Apple, Google, that are not commodities. it also means companies in alternative energy, but i prefer those at the base of the food chain, that make the things all the others need.
Books:
The Little Book that Beat the Market (Greenblatt). Stocks for the Long Run (Siegel). The Black Swan (Taleb). One Up on Wall Street (Lynch). Buffett: The Making of An American Capitalist (Lowenstein). Rich Dad, Poor Dad (Kiyosaki).

Investing Expertise

My Area of Expertise:
tech in general, computing in particular. former Apple Developer. founded and ran my own image processing company, Decision Images, Inc., in 1984, and ran it for 20 years, with sales in 40+ countries.
Greatest Investment:
in absolute dollars, AAPL: bought at 89-125 3+ years ago.
Worst Investment:
Capital Source, my 3rd stock. lost $28,000 on it, quickly.
Money I Manage:
my own.

Education And Work Information

School(s) Attended
Clarkson College, BS University of Pennsylvania, MRP
Job Title
sound engineer
Company / Organization
self employed
Former Jobs
company owner/founder, environmental planner, musician.

Interests

Personal Quote:
the saying is "buy low, sell high", NOT "buy lowest, sell highest".
My Interests:
Irish & Swedish traditional music, English Country Dance and Contra Dance. billiards, especially 14.1 straight pool.
Favorite Restaurants or Foods:
Cajun and Creole. Ethiopian. good Indian (not northern-style glop, mostly southern Indian). exceptionally-good Chinese.
Favorite Movies:
Ghandi.

An Interview with millsbob

Last updated: 7/30/2011
The Fool:
What, in your opinion, are some of life's big mysteries?
millsbob:
how the universe started.<br />why low income Republicans vote that way.
The Fool:
What's been your best investment to date, and how did you discover it?
millsbob:
Apple. came This close to buying it in 1999. fortunately, Did buy it during the crash 3 years ago. didn't "discover" it; have used the company's products for 25 years.
The Fool:
Do you have a favorite company or stock which the worldwide Foolish community should know about -- and why?
millsbob:
GT Solar (SOLR). i've made a gazillion dollars on it in the past 2 years. it's at the base of the solar food chain, is gaining the same position in led's, and is on Joel Greenblatt's Magic Formula list.

How I Invest

i focus on "transformative" companies: those that can/are/will completely change the way of life for millions of people. Apple is the best example. alternative energy, especially companies that are at the foundation: power inverters, smart grid, basic materials. statistically, even the legendary stock pickers are only right 6 of 10 times. ergo, you need to be Really right when you're right, so i pretty much only pick things that have a good chance of doubling or more. they have higher risk, as well, but the math's in your favor: a stock can only go down so much, but upside is infinity. i use value investment ideas via Joel Greenblatt's Magic Formula as confirmation. if a stock i like is also on Joel's list, i'll go Really heavy into it, and take larger risks.