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About what the Hulbert Digest reported on JD, I just heard from someone who also receives the Hulbert Digest. He said that Hulbert reports portfolio results for 3, 5, 8, 10 and 15 years, and highlights those who beat the Wilshire 5000. Dessauer has not done so. Dessauer's numbers were 19.9, 17.1, 15.3, 14.3, and 14.1 for those time periods, compared to the Wilshire 5000 which were 28.2, 21.6, 18.0, 17.6 and 16.0. So, you can see he did not match the Wilshire 5000 in any of those time frames. This supports my conclusion that it's a myth that John Dessauer is, or ever was, a great stock picker. He was right about the major trend of the stock market. Period. But, that's about all he deserves credit for. By the way, as of July 31, Dessauer's reported YTD number was 13.3, compared to 15.6 for the Wilshire 5000. But that was at the market peak in late July, and we all know what has happened since then. It will be interesting to see what the comparable full year results are when they come out in January. |
