Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ETF1 who wrote (1994)	10/1/2014 4:26:00 PM
From: Kirk ©	Respond to of 26589

Thanks. I read about the case in this AM's SeekingAlpha email but wasn't aware it hit the shares so hard A group of Wall Street investors lost their legal challenges yesterday over the treatment of Fannie Mae ( OTCQB:FNMA) and Freddie Mac ( OTCQB:FMCC) shareholders after their bailout in 2008. The investors sued for breach of contract over allegedly promised dividends and liquidation preferences, and what they called an illegal “taking” of their profits by the U.S. Treasury. The lawsuits are among the first of almost 20 related cases to be decided. Value funds did very poorly in 1999 and we reverted to the mean in the years that followed. I believe Buffett LOST 20% in 1999 then made money in 2000 and 2001 then gave some back in 2002, much like Berkowitz it seems. FWIW, my explore portfolio gained 117% in 1999 then only gave back 11.5% in 2000 as I took a ton of profits in my tech stocks and bought some value stocks and a strip zero bond fund. I actually made 1.3% in 2001 then lost 21% in 2002 then made 77% in 2003. It would be interesting to see how FAIRX did vs BRKA since inception. Ouch!