<<Blind Squirrels>>
David,
I am posting this in this thread to spare the "poor" (nothing poor
about most of those guys, really -g-) SEPR readers. As I was doing
my 1/2 year accounting I collected the following numbers, which may
be of some interest:
Sec. YTD return (6/30)
FBDIX 2% Yes Kurt is underperforming
FKGHX -14%
FBIOX 12%
(Caveat: the above is based on NAVs only; distributions if any would
increase the returns, ... and the taxes)
BTK 16% The "index"
GRAPES 30% This is what my portfolio WOULD HAVE done if I
had not traded at all since the end of 1998. In case anyone is
interested this included: LGND MLNM MEDI MCDE SEPR SUGN BTRN NRGN
CEGE SKYEY, of which I have since disposed of: LGND - good move;
those **retins don't look so hot from here -, NRGN - so/so move;
very impressive deal with Pfizer recently, as, I think, will become
clear in the future-; CEGE -lucky move, good company, "devil's toy" -,
and MCDE - not such smart move after all, still undervalued.
The S&P is up 11 % or so for the year, so your blind squirrel (3 X 11)
would beat all of the above -g-.
Just a FWIW.
Wishing you and the other regulars a successful second half,
PB |
