Here's a guy who invests as I like to try to - use standard metrics, use what's worked in past for value investors (- but maybe put a little twist on it), keep it simple, be VERY diversified, try to be patient:
yahoo.smartmoney.com
Fwiw, excluding the stocks I've said here that I sold, I reckon I still own the vast majority of the stocks I've said here that I was buying. That includes even stocks I've written about here (and/or on Buffettology thread) just once, although they were then never to be mentioned again. And with some holdings, I may have traded around the position, but I still have shares. This all means DIVERSITY: currently I have 200+ positions.
It's nice to see somebody else say it's not that hard to follow a large number of stocks: "We follow 1,100 companies in total. I used to follow 900 companies, and it was just me. It's not that difficult when you're doing the kind of research that we do." John Buckingham.
Also significant, if you read the article author's comments about how good Buckingham's fund and newsletter are, this offers some counter to people who say the more diversified you are, the more your results must conform to or revert to the mean. (And mean being mediocre.) It seems with Buckingham/Prudent Speculator that there's at least one exception to this conventional wisdom.
Paul Senior |
