2009 year in review... panic, 10 baggers, 30 baggers, CAPs, and back to the real world
Merry Christmas my fine fellow CAPs game players. It has been a remarkable year for Checklist. A little bit of a recap is probably in order. In all honesty the year has left me thrilled, numbed, tired, and at a bit of a loss.
It all began last December, about a year ago exactly, when I decided to self-manage all of the money I had on this planet, more or less... (some was professionally managed for a time). On Jan 5th, 2009, I was up 5% or so I believe. On Jan 20th 2009 I was down 7-8%. On February 22nd I was down 20%. On February 23rd Nova Chemical got bought out (it was by far my biggest position at the time) and on Feb 24th the markets were sharply up and I was back to being up double digits. 3 weeks later I was down fully 25% at the March bottoms. Without Nova I'd have been down 40+%. 3 weeks later I was way up. On April options day I was up about 50% and I lost 10% in a single day the following Monday. A very famous hedge fund manager, that monday, told me that it wasn't a question of if, but just a question of when, I would lose it all, every cent. 3 weeks later I cleared "double my money" on May 8th. At the July lows I had gone from being up well over 100% to up only about 50-60%. In August or September sometime I passed triple my money and I currently stand squarely between 3x my money and 4x.
This has been terrifying to the point of me sitting down and just accepting that my life wasn't going to be as good as I thought, and thrilling and painful and thrilling again. I've had several 10 baggers. I've had one 30 bagger (General Growth Properties). And I haven't held any shares for a year yet, I don't think. A 30 bagger! In July I was in the Tampa airport on that day when the market just ramped up in the morning and had an all day +4% short squeeze. From sometime after that until recently my life has become a sort of all-day, every-day party of sorts where I can't quit basking in the amazement of it all.
In and among it all, I have posted some blogs here on CAPs and read many of your own. CAPs has been a very nice thing in my life in 2009.
So recently I've started thinking about the real world again. I bought a stake in a hotel and in a private software company, also quite a bit of farm land, and ... I have slowly felt the urge to start another business creeping in to me. I have to do something besides sit around and stare longingly at my stock account all day.
Whatever 2010 brings, its going to be hard-pressed to match the wild life-altering ride that each of 2004, 2005, 2006, 2007, 2008 and maybe even wilder than 2008, 2009. I won't bore everybody will all the details, but I have got to be due for a nice quiet year where my life at the end at least seems similar to what it was at the beginning.