Martha - You Just Don't Fit In
Though few remember her tagline on Martha Stewart's apprentice wannabe show, they certainly do remember her legal imbroglio over her Imclone stock sale. It ended her in jail. [Imclone being the thin tie-in for this biotech oriented blog].
But how good an investor was Martha -- even with her high priced (and well-informed) assistance. Well, it turns out her portfolio was divulged at the trail, and has been written about. I hadn't seen it before. I'd tell you 'It's a Good Thing' - but it sure ain't (is there an apostrophe in ain't?).
Here is a summation and commentary by Meir Statman - a well known researcher into behavioral investing.
Marta Stewart's Lessons in Behavioral Finance - Journal of Investment Consulting, Winter 2005 [Linked via his faculty website, lots of good stuff there]
Turns out that Martha does in fact fit in - if fitting in means suffering the foibles and misjudgements of a typical investor - but she is so clearly not a Fool.
Anyway this is an interesting read (cut her some slack - not many portfolios looked good in December 2001) and may well contain some behavior you see reflected in your own portfolio management.