The pole of that strategy, though, is that if we are really successful, you will have a lot of downside risk in a recession or a bear market. Governments and politicians being what they are, they also tend to monkey with things. Sometimes it's good, sometimes not, but that's beside the point. Occasionally they take aim on an entire industry, like telecommunications or electricity power generation. Understandably, this makes folks jumpy.
Jumpy people have a regrettable tendency to sell stuff until they calm down.
Really jumpy folks sell lots of stuff, and some of it could be ours. If this line of thinking makes you jumpy too, then go see your banker. Bankers specialize in jumpy folks. Finally, if you haven't already grabbed the phone and started yelling at your broker to sell our fund as fast as possible, you should understand the shifting sands of technology. It doesn't take billions of dollars to start a high tech company, like it did U.S. Steel or Ford Motor .