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Politics : Formerly About Advanced Micro Devices

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To: Kiriakos Georgiou who wrote (4053)1/3/1997 1:29:00 AM
From: carl a. mehr   of 1582879
 
Hi Kiriakos,
I pointed out that the gain in Berkshire Hathaway was not so spectacular. The important thing is what our total portfolio did for the year.

Year after year we must try harder at winning. We are all here for the same reason. Having earlier arrived at a gain of 172% from Jan 1, (and with Intel down a bit) I feel obliged to tell the rest of the story:

Year 96, S&P 500 gain 26%, humble carl's gain 151%, (thanks to Intel)
Year 95, S&P 500 gain 38%, humble carl's gain 23%, (hi mid-year 240%)
Year 94, S&P 500 gain 1.3%, humble carl's gain 32%, (turned portf. 8x)

The name of the game is to keep winning. Isn't that the fun part of it all? Year 95 caught me unprepared to jump ship when the momentum stocks came tumbling down.

Taking stock of your portfolio's value at the start of each year gives you a keener sense of how well you are doing, and don't leave out the cost of the margin expenses.

Happy New Year and best to all,
humble carl
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