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January 2014



What's left behind

January 23, 2014 – Comments (5) | RELATED TICKERS: PBPB , TTWO , PCL.DL

I considered calling this blog entry "Too Soon to Gloat?" but, really, it is too soon.  My massive slash and burn sale last week - I sold 2/3 of my entire portfolio, and 3/4 of the stock portion; has saved 1.5% of paper losses on my entire portfolio, net of commission.  So that's great, but I'm still not sure that we won't get a reversal and get up to my target of S+P 1920 before we see the big pullback.  I'm waiting for the big pullback and expect it; and I intend to get back in, I never lost faith in stocks.  [more]



That lonely sinking feeling

January 17, 2014 – Comments (12) | RELATED TICKERS: MGM , PSX , PM

The Cowboy Junkies are probably not whom you turn to when you are looking for investment advice, but I was looking at DragonLZ's recent blog entry about how to know when the market is topping and thinking about gut feelings, technicals, and valuations and I find myself in the same boat - I don't like this market, not one bit.  [more]



I made all my money by selling too early

January 15, 2014 – Comments (1) | RELATED TICKERS: PBPB

The post title is a quote by Bernard Baruch, who made very much money indeed.  That is how he thought about the way he acquired $1 billion; who am I to argue?  [more]



Out of CMG

January 08, 2014 – Comments (0) | RELATED TICKERS: CMG

I sold my CMG stake yesterday.  I have never cared much about comps, other than as a general exercise to see if a restaurant is well managed; what I care about is organic future growth.  [more]

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