Â Â …Which looks to me to be pretty muchÂ the same as last month’s m10 rankingÂ (and is based on performance through 12/16/06).
Â Â My “Pettit Mutual Fund #1” is listed for the 22nd consecutive month, making it the “most senior” of the funds currently listed in the m10, although, gulp, the one with the lowest net value (but partly because it is one of the “younger” funds on the list).
I’m still waiting for the world to beat a path to my door.Â I’ll have a 4-year track record with this fund at the end of next month–with a 32% per annum rate of return over the 4 years.Â Hel-looo…?!!
Â Â San Diego radio personality Rick RobertsÂ suggests that Saddam Hussein’s execution by hanging be carried on pay-per-view and the proceeds be given to surviving families of our dead and wounded soldiers.
Â Â I guess IÂ shouldn’t have a big problem with that as long as there is a soundtrack of people chanting “God is Great!” in the background–since apparently nothing says “greatness” to a god better than a goodÂ execution by neck injury.
[Update: 12/29/06 10 pm Central Time–Word on the Web is that the execution has just taken place…]
[Further Update: For my fellow lovers of irony, almost certainly the 3000th American soldier will be killed within this 24 hours of the hanging–2997 at last report…]
Â Â Ok, so we’ve had our little fun.
Â Â “Mission Accomplished”, huh?
Â Â Can we go home now…?
Â Â Â [Update: Video of actual execution (including “the drop”) here, and which appears to have been taken by someone’s cell phone camera since it’s terrible quality.Â I include the link here, despite the grisliness, because, indeed, there is much calling upon The Lord during and after the death–perhaps some of you will find viewing it to beÂ the spiritual experience that the other participants enjoyed]
Â Â I hope all of you have had a good year investing.Â According to my stats at the Marketocracy site, I’veÂ had aÂ 28% return over this last 12 months.
Â Â Â My last pick for the year is Cutter & Buck, Inc. (CBUK)–which designs and markets golf and other sportswear apparel.Â I haven’t always done that well in the past with clothing stocks, but have decided it is time to give them a try again.Â Revenue and earnings have really been shooting up for the company,Â yet their P/E ratio is still lower than average.
Â Â Â Â Well, he finally announced–I saw him this morning on CNN.
Â Â Â Â I really likedÂ him last time around, and was excited when he got selected for the Vice Presidential spot on Kerry’s ticket.Â I had already read his first book FOUR TRIALS, written before he had presidential aspirations and which discusses four of his most memorable cases as a trial lawyer.
Â Â Â Â He lost a son at age 16 and his wife has recently had a bout with cancer.Â I think he’s a genuinely good person, from what I can see (having served only one term as a Senator, he hasn’t been all that corrupted yet!), and I only ask that you pay attention to him come this next run for the Presidency.Â And he is currently ahead in the polls in neighboring Iowa–beating even Hillary and Obama, from what I understand.
Â Â Â WASHINGTON (Reuters) – A new survey shows Arab attitudes toward American people, products and culture grew increasingly negative last year, a finding that underscores the need for a change in U.S. Mideast policy, a leading expert on the region said on Thursday.
James Zogby, the head of the Arab American Institute, said the annual survey of opinion in five Arab countries found that U.S. policy toward Iraq and the Palestinian conflict were the main issues driving deteriorating Arab opinion.
“Our policies have not only had a worsening impact in terms of attitudes toward us but also in dampening confidence in the prospects for development and political stability and are therefore, I think, a real concern to countries in the region,” Zogby said.
Â Â The most recent issue of FORTUNE Magazine lists the 20 top-performing stocks of the year (limiting the selection to stocks with more than $100 million capitalization), and I see that one of my holdings is #11: Amrep Corporation (AXR).Â I bought that in September, 2005, and it is up almost 300% since then.Â Â Earlier in that year I “purchased” Empire Resources (ERS) for my Marketocracy funds–and it is up more than 300% since then–but, ironically, I neglected to buy any of it for my “real world” accounts.
Investment genius Peter Lynch, in his terrific book ONE UP ON WALL STREET, talks about the impact of what he terms “five-baggers” and “ten-baggers” on the performance of his old fund Fidelity Magellan.Â I wish I could say I had picked a lot of multi-baggers, but they have been few and far between.
I do generally come across at least one pick every year that more than doubles.Â One of my early successes was Movie Gallery (MOVI).Â I don’t know how it is doing lately, but when I boughtÂ about $30,000 worthÂ back in 2001, I ended up making over $100,000 in profit by the time I had sold it all off.Â Another multi-bagger that helped out a few years back was Tractor Supply (TSCO).
The only stock that I ever had a true “five-bagger” or better with was good old Berkshire Hathaway (BRKA), one share of which I purchased for $8500 a number of years ago and which I eventually sold for about $70,000 back in 2001.Â Â Berkshire is now hovering in the $100,000 per share area, but I have no regrets–I’ve actually been doing better than Warren for a number of years…
Good luck with your investing inÂ 2007!Â I’ll try and help out.Â :-)Â