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RS Weekly Update - Munger, Drugs & New Buys



August 10, 2011 – Comments (0)

Dear Fools,

Picking up where we left off last week, here is tendency #20 in Charlie Munger’s take on the psychology of human misjudgment from Poor Charlie’s Almanack.

Tendency #20 – Drug-Misinfluence Tendency

I guess maybe Charlie was looking out for me this week. Given all that’s going on in the market it’s quite fitting that this is the shortest of the 25 tendencies. The simplest explanation: drugs suck, don’t do them.

We all know people who have been affected by addiction to drugs. It has a widespread effect that touches many people. Worst of all it impairs one’s judgment and turns them into someone they’re not; that’s the scariest part. But there can be no doubt that simply put, drugs will impair your judgment and make you poor in every sense of the word.

Foolish best,

Jason (TMFJMo)

St. Jude Medical

Here’s my first new addition to the portfolio from the end of July; a medical device maker that I think has tremendous growth ahead and even with the market tanking I think I got it at a fair price:

Panera Bread Co.

And today’s new buy, Panera is relatable to many and delicious. I think it’ll be in the portfolio for a long time to come:

Higher One

Earnings are out for Higher One and they seem to be moving in the right direction:

Porfolio Returns

As of last week the Motley portfolio widened the gap with the market beating it by 4%. I am sure this week’s action is going to hurt big time, but I still like the direction I’m headed and think that my Motley strategy will pay off in the end:

Radio Free

I’ve had the great fortune to occupy segments on a few talk radio spots this week with Bill Carroll on KFI AM640 and Gil Gross on KGO AM810, both out in California. Check out my discussion board for links to the shows.

Straight from the Onion

Well that’s not very nice:

Jason owns shares of Panera Bread

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