Weekly Returns Update
So weekly returns are in and it's been a tough one with Greece, Italy and Spain dominating a lot of the news. Banking issues there carry over here with no real delay, so the uncertainty with how they will proceed there along with another round of kicking the can down the road by our own government on this side of the pond hasn't created much of a buying environment.
Still though, things have gone OK with the portfolio for the most part. As of market close on November 17, 2011 the Motley portfolio has returned 11.16% versus the market's 4.23% so while we both dropped a little bit, my edge over the market crept up slightly from 6.36 points last week to 6.93 points this week. Not bad, I'll take it.
Make sure to check out my latest addition to the portfolio here:
It's also hanging out on the front page of www.fool.com in the "Featured Columnists" section.
So I mentioned last week that Roger Lowenstein's The End Of Wall Street is a great read. I like Lowenstein's style a lot and have also read When Genius Failed: The Rise And Fall Of Long Term Capital Management which is a great story. But now I'm also starting into While America Aged and can already confirm that it too is awesome. It tells the tale of how our pension systems in America have failed over time leading some entities to their ultimate demise. While I'm only in the beginning stage of the book, I can already tell it's a winner.
I hope everyone has a great weekend. Thanks for following along.