(Posting will be a little lighter over the next few weeks as I have a broken hand. Well, at least until I can get the Dragon dictation software installed.)
Great interview with Bruce Berkowitz and Steve Forbes (HT: BA). Fantastic discussion about holding a concentrated portfolio of stocks. I thought I would spend a little time updating some of the 13F hedge fund portfolios since rebalance was last Friday.
The first three funds as well as the combo fund (FOF) I mentioned in my book The Ivy Portfolio.
All top 10 holdings YTD 2009 using AlphaClone:
Buffett: 18.6%
Blue Ridge: 16.9%
Greenlight: 19.1%
FOF (top 3 from each): 15.1%
World Beta Value Masters: 43.9%
S&P500: 11.0%
Since 2000, annualized:
Buffett: 7.8%
Blue Ridge: 6.7%
Greenlight: 11.4%
FOF (top 3 from each): 8.9%
World Beta Value Masters: 16.6%
S&P500: -2.2%
That’s a lot of alpha! Below is an equity curve of the World Beta Value Masters that we have been tracking real time on the blog since the beginning of 2007. Hitting all-time new highs currently…and beating the S&P500 by over 20% a year since tracking in real time (’07). This includes a fund that imploded (Okumus).
New buys include Hewlett Packard (HPQ), Liberty Media (LMDIA), and Phillip Morris (PM).
Mebane: Enjoyed your interview with RR a couple of weeks ago. Could you share which stocks were replaced by the three new ones?
Sure, you can find them on AlphaClone…
$50/month also a 14 day free trial…I can't give EVERYTHING away for free…
Hurt your hand banging the wall over your errant gold breakout call? Not to worry: You are about to look merely early instead of wrong.
Gold is near the apex of a classic narrowing triangle. Breakouts from this formation tend to be in the direction of the primary trend.
http://www.mit.edu/~jcb/Dvorak/
Windows and Mac come with one handed keyboard layouts invented by Dr. Dvorak.
I expect a general level of decency on this blog, and making fun of someone for getting hurt in an accident doesn't qualify.
Ha, I like the Dragon route better.
Meb, Sorry you hurt your hand. Hope you get better fast.
Hope you are feeling better!
Hope you are feeling better!