His letters will always be hard to come by. Since his organization scouts the internet for any mention or posting of his letters. And I believe he has a strict policy with his investor base about this.
I went through the 2016 ideas and calculated the hit rate and I must say it is pretty good. So out of 61 ideas. 45 did well and 16 did not. There were quite a few that were multi-baggers. The users that stood out were Picasso and Wilson-TPC. They dropped a couple of ideas that were multi-baggers. So congrats to all who had great ideas this year. Hope 2017 works out for you guys.
Since we don't have many grievances. I decided to tell some of my own.
Macrotourists- Stop being one of them. You are not George Soros. You should stick with valuing companies instead of economies.
Value Pretenders- You need to move on from value investing and move into low-cost index funds already. Stop coat tailing other investors ideas and do your own due diligence if you want to be a Value Investor.
Could you explain? Another FFI, this time called FFA? India I understand and like. In Africa what is their edge?
Cheers,
Gio
What edge do they have in India?
I found this article today. He was definitely an outspoken contrarian. http://www.marketwatch.com/story/this-mutual-fund-manager-knew-how-to-make-your-money-grow-2016-12-15
Very good piece from the CollabFund. They have writing great stuff recently. http://www.collaborativefund.com/uploads/Collab%20Bad%20Side%20of%20a%20Good%20Idea4.pdf
I think it is very simple. Both the consumers and corporations are binging on debt. And it probably won't end well. Also Income stocks are overvalued. We pretty much have to wait.