You know I was going to write a big long comment versus your epic decision. there are lies, damn lies and statistics. It seemed to me you were quite hard on yourself at worst and incomplete formulas at best. Then I realized with this post that going to a more passive style is your new years resolution! So refuting your numbers or you convincing me your right would just be a waste of time...;^D
"My top (>2%) positions in no particular order: FRFHF, JPM, LMCA, MHNC, SPND, BKLN, MKL, DRAGF, BRKB.
In:
Out: MGDDY, WDC, CF, GLW, AXS, RE - sold
Fixed income: ~16%
Cash: ~28%"
so far so good. keeping the faith
"Insurance (including BRKB and FRFHF): 20%, Malone/media: 10%, Banks: 6%, Cars and parts: 1%, Oil 9%, Agri 1%, Tech 3%
New positions: GDWN.L, KRSL, SFY bonds, BFCF, BBX, ISIG, DNR, PWE
Positions increased: GTE, TESB.BE, BRKB, FRFHF
Positions reduced: PGN, BKLN, MSFT
Positions eliminated: STX, MDT, DVDCY, HYH, ANTM, CF, DNB, DE, AXS, EBAY, GLW, MGDDY, RGA, SMTUF, WDC, WU, TPCA, RGA, OVLY, GS, FMBL, 7399:JP, RE, BBBY
Flip-flop: TLM"
hmmm. hardly the SPX or DIA . but I'll tag along.
"Note that SOME trades were made before my decision to cut active investing."
Just a little taste just till the edge comes off....
"My current plan is to put most of the money into FRFHF. Since I can't stand concentrated portfolio, there will be "forever" positions in some other stocks, probably BRKB, perhaps some Malone stocks. This is work in progress."
BUT I can stop anytime I want. its ok I'm cool.....
"I will keep oil stock positions and may even buy more if oil continues to drop. I believe that some of these positions may double or more in the future. Some may go to zero though."
BAM! I'll just keep doing the good stuff......
"Bought:
GDWN.L - family operated UK firm with good earnings history. Somewhat cheap, but energy industry exposed.
KRSL - activist investor and unhappy director. Company tried to pay off with $3 divvie. The story might not be finished, but less attractive here.
BFCF/BBX - sum-of-parts investment presented on this thread and other places couple times.
ISIG - Mr. Big from BH retaliated against activist investors trying to proxy fight BH by buying positions in companies where these investors held substantial positions. So now ISIG has two activist investors in it - bring the popcorn!"
Resolution broken ;^D
MCSWEET! no worries As soon as the indexes tank and his "side" plays work out he will be back as good as ever bingeing like the rest of us......
Sorry for all the tongue in cheek, but seriously the problem with changing ones strategy in a wholesale manner is that it's likely to be looked back on as "zigging, when you should have been zagging". Now if your really bored with investing, or have found more exciting ways to spend your time, I get that. But, You wont find solace in indexes over the long run. I find your past comments and positions to be reasonable and hope your new found religion is appropriately tempered. Good luck! |
