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Thank you Share-ee. Yes, he did well with Glaxo and until recently he did well with Citibank, although it has lost over half its value in the last two months with the world-wide currency crisis, bad Russian loans, Latin American exposure, etc. Since he didn't advise selling (he rarely sells his winners, it is most often his deep in the basement losers that he sells, sort of a "buy high, hold high, and sell low" policy), I'm sure his total return as of this date on Citibank is much lower than is reported in his booklet. RP has come down quite a bit too. Not many of his winners have held up. SEIC comes to mind. He probably mentioned that one in there. Oh, but his losers, and the way he goads people to buy more and more and more as they tank and tank and tank. You see, he doesn't change his mind on a stock until it's practically worthless, and that's when his "strategic sell order" comes in. |
