Every year Forbes has an annual stock-picking cotest which
offers twelve names as potential market beaters for the coming year. I would like to focus this thread on Van Brady but comments on other
FORBES articles and the participants are welcome.
The rules are simple. An analyst gets a shot, and if he beats
the market, he's invited back the next year; if not, he or she is
off the panel
IF I COULD PICK ONLY ONE
STATISTICAL SPOTLIGHT
Van Brady is a money manager at Presidio Management, which
handles $120 million mostly in hedge fundsin San Francisco. His 1996
stock pick FPAMedical Management, was up 242%!!!
Van Brady's the current hero of our pick-only-one contest.
His picks have beaten the market for eight years running. (There's
only 1 chance in 256 that random guessing could deliver such
consistency.) Had you bought every one of Brady's picks
beginning in 1989 and sold them at the end of each year, you would
have a cumulative gain (before trading costs and taxes) of 43,000%
by now.
For 1997 he picks Advance Paradigm <ADVP>, a Dallas firm
that helps insurers reduce spending on prescription drugs. The firm
went public only two months ago at 9 and recently traded at 11 3/4
<look below to see when article was published>. Brady expects its
profits to nearly double in calander 1997, to 60 cents a share.
----
I don't think I (Brian Cohen) will load the boat on ADVP, but I think
that If Van Brady beats the market in 1997 that In December of '97
I will be the first one on line to get the latest issue of
FORBES to buy this guys next stock pick. They say histortical
performance isn't indicative of future returns but someone
like Van Brady gets a cult followiing and hopefully everybody wins.
-Brian
P.S I can't beleive i'm thinking about 1998 already
SOURCE:Fobes Issue Date: January 13th 1997
Stuff in Italics was reprinted word for word.
I didn't copy the whole article. Hopefully the article
will show up in forbes.com |
