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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (54689)	1/2/2015 3:12:53 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 78618

Some thoughts on investment returns. In year 2000 I started a Roth for my daughter and I asked my self where will there be an increase in technology over the rest of her life time and answered that question with bio-technology, I purchased the fund HQH to answer that question. The investment has never returns less than 10% on invested capital each quarter and today it is returning 28.5% on invested capital. All gains have been reinvested in the fund.

To: Jurgis Bekepuris who wrote (54689)	1/2/2015 3:22:37 PM
From: mopgcw	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 78618

most of the 300bps is due to 88% return in 2009, which might be luck and not skill. Chuckle. you are way ahead of everyone else with an honest understanding such as this. I remind myself everyday of this as well. secret of small investor outperformance is also "special deals" I would refine this as really an ability to play in smaller, less liquid issues. not really the special deals buffet gets. the GS deal type sht gets handed to him, that I will never see. easy to make 10%+ on that stuff. buying SFY debt on the other hand will not move buffet's needle, but be an impact to little fish like me. important distinction. underperformance in bull market is a real issue.* maybe. maybe not. depends on what your time horizon and rationale for those picks were. last week i picked up more CCLP and STO. I dont expect to make real money on those for five years. so the next 3 years of underperformance for me are irrelevant. there are times indeed to review your methodology and approach to see if you believe it will still apply in the market going forward or what you need to tweak in your approach. What went wrong, when, where and why? Could you have, should you have caught that? tough self reflection indeed is crucial and necessary. take care george

To: Jurgis Bekepuris who wrote (54689)	1/2/2015 6:46:16 PM
From: Elroy	2 Recommendations Recommended By Jurgis Bekepuris Mattyice Read Replies (1) \| Respond to of 78618

I'm curious how many different stocks (and approximate weights) that you hold? I've found that all my home runs over the years have been when I follow a stock for a bit, and for some reason it tanks, I think it will recover in 1-2 years, and so I make it a huge outsized holding in my portfolio. So, one stock becomes the driver of performance until I sell it. This style can deliver 20% years (if you get the stock right). But, I think holding 20 stocks in similar weights, and hoping to get 20% return, that sounds incredible difficult. So the more you do what the "experts" recommend (diversify) the harder it becomes to really do well relative to the market. I own lots of stocks, but only 2-3 of them make up the majority of my net worth. The others (often 0.1% to 0.3% of my portfolio) are more for fun and learning.