Eldrehad's Picks Reopening!
Hello fellow Fools!
Those of you who followed my Eldrehad's Picks blog know that last year I closed the blog due to my changing role at the Motley Fool. Well, fellow Fools, my role has changed once more -- which means I now have the opportunity to restart the blog.
For those of you who weren't around CAPS then, or perhaps missed it, Eldrehad's Picks is a separate blog by me in which I attempt to select one stock investing idea per month -- and present a full analysis and write-up in blog form for all to see. I'm really looking forward to restarting the project as I had a lot of fun with it, and learned a lot too (and I hope some of you did as well).
I'll admit, however, that some small part of me is a bit nervous about restarting the project. For starters, I think my Eldrehad's Picks track record was pretty good (though you should, of course, decide that for yourself) -- so there's some small temptation to rest on my laurels. I'll never forget when one of my favorite Fools, one from whom I've learned so very much over the years, strongly criticised my very first pick, Red Robin. Looking back, I think Seth had a darn good point to make -- and to be perfectly honest with myself, Red Robin probably was my weakest pick. No, it hasn't been my worst performing, but it's the one on the list that I currently like the least (side note to Seth - while I'm not throwing in the towel yet, I have to admit that you're more likely than not to be getting that free lunch).
Red Robin wasn't the only pick that seemed to attract negative commentary. My Jos. A. Bank pick came under fire from another Fool who perpetually inhabits one of the coveted Top Ten spots here in CAPS. Turns out that as of this writing Jos. A. Bank is my best performing pick -- so when it comes to picks that draw fire from top-rated CAPS partipants, I guess going 1 for 2 isn't so horrible.
Nervousness aside, though, I'm looking forward to reopening the blog and putting it all on the line once again. For those of you who didn't catch the blog the first time around, I strongly encourage you to read the Ground Rules -- it'll give you at least some idea of how I run the blog and what I will be attempting, once again, to accomplish.
If all goes as planned, I expect to have my first new pick posted in early June -- and whether it be one that knocks the proverbial cover off the ball, or one that really stinks up the joint, I hope that I and a few of you become slightly better investors as a result of learning together.
Russell (a.k.a. TMFEldrehad)