Randolph McDuff is considered by many as the Oracle Of Manitoba.
forbes.com
From the article:"...Randolph McDuff may be the best stock picker the world has never heard of
"Discipline" and "patience" are probably the two most valuable words in value investing. It stands to reason, then, that few places would serve as better incubators for a value investor than The Pas, in Manitoba. Close to polar bear country, where Hudson Bay winds chill the air to 40 degrees below zero and the wait for spring lasts eight months, The Pas is the hometown of Randolph McDuff, a stock picker with an astounding record.
Since McDuff began running his RMG ValueCatalyst small-company fund eight years ago, he has earned a compound annual return of 36.4%. Not a single diversified stock fund in Lipper Analytical's universe of 1,555 mutual funds can match that. Ken Heebner's CGM Focus Fund comes closest at 32.2% a year over the same period. McDuff's RMG Value Oriented Growth, which buys large companies like Bayer (nyse: BAY - news - people ) and Fresenius Medical, comes in third at 25.5%. Warren Buffett's Berkshire Hathaway (nyse: BRK - news - people ) has returned a compound annual 11% over that period; the s&p 500, 1.1% (including dividends)...."
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I never heard of him before but it might be a name to watch in the future. I thought I have been disciplined and patient on my recent buys but you really have to always stay on your "A" game when managing your own portfolio. I threw in the towel today on PVA as the stock hit multi year lows. Several of your comments as "this stock is not for me" never registered for me as I guess I was looking at those value attributes the company wanted me to see. It feels good to move on but I regret I did not show more discipline with buying shares in this company.
EKS |
