Corner of Berkshire & Fairfax Fund - Poll Q4'13

[Ross812]

Above are a collection of 85 companies recently discussed in the investment ideas forum and suggestions from board members. Each member gets 5 votes. Choose the companies you believe will have the best total return. The 15 companies (cash is an included asset class) with the most votes will be bought in the portfolio (balance stands at $1,067,000). Allocation will be determined by the number of votes each company receives.

 

The portfolio will be public for anyone to see at the following link:

https://docs.google.com/spreadsheet/ccc?key=0AivVdWOTQE2JdGQzYkFSQUg2eUR3UVRTcThFYWpBelE#gid=21

 

We more than tripled the performance of the S&P last Quarter.

[jeffmori7]

Does it imply that the portfolio from last quarter was entirely sold? Or we are adding to that?

[constructive]

Does it imply that the portfolio from last quarter was entirely sold? Or we are adding to that?

 

Sold and started fresh each quarter.

 

I voted for AAPL, GNW, DTV, LUK and cash. 5th vote was a tossup between LUKOY and FTP.TO but cash edged them out considering the debt ceiling.

[Ross812]

The Q3 portfolio will be sold, then allocated according to this poll. I suspect many of the names will be reselected by the poll and stay in the portfolio with adjustments to allocation %.

[constructive]

MBI and FTP.TO look like they have a shot at making the list this time.  But WFC is lagging in the early polls.

 

I like a good horserace.

[John Hjorth]

Perhaps time for a bump here, 172 board members voted at the beginning of Q3, ref. here. Right now 67 board members have voted, and only few days left before the poll closes.

 

Ross, your work with this is much appreciated.

[Phaceliacapital]

Agreed! Thanks Ross

[Ross812]

Thanks to all who have voted so far!  Only 3 days left.

 

It looks like we are going to have some turnover this quarter. Fiat and Glacier Media are more popular than Berkshire this time around!

 

 

[constructive]

What happens in the event of a tie for the bottom spot? Use the previous quarter's vote as a tiebreaker?

 

Glacier sure has become popular - I think this thread did its job: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/one-of-the-greatest-investment-opportunities/

[rmitz]

Thanks to all who have voted so far!  Only 3 days left.

 

It looks like we are going to have some turnover this quarter. Fiat and Glacier Media are more popular than Berkshire this time around!

 

Given how quickly valuations can change, I wonder if a small window might be more appropriate for voting, anyway.

[Ross812]

Q4 of the Corner of Berkshire & Fairfax Fund is Up!

 

Changes to the fund:

 

Symbol    Act - %Ch  (allocation)

 

$-Cash    (+) - 19%    (15%)

BAC -      Sell - 2.2%  (12.6%)

AIG -      Sell - 3.76% (7.9%)

FIATY -    Buy - 55.2% (7.7%)

GVC.TO - New              (7.1%)

BRK.B -  Sell - 18.4% (5.83%)

FFH.TO -  Sell - 22.2% (5.83%)

AAPL -    Buy - 36.4% (5.52%)

SHLD -    Sell -  50%    (5.52%)

LRE.L -    Buy - 20%    (5.21%)

LUK -      Sell - .06%  (4.91%)

SD -        Sell - 34.9%  (4.91%)

ALS.TO - New              (4.6%)

BP -        New              (3.99%)

IBM -      New              (3.37%)

MKL -      Sold Out

OIBR-    Sold Out

DTV-      Sold Out

WFC-    Sold Out

 

 

The portfolio will be public for anyone to see at the following link:

https://docs.google.com/spreadsheet/ccc?key=0AivVdWOTQE2JdGQzYkFSQUg2eUR3UVRTcThFYWpBelE#gid=21

[ASTA]

I think that this portfolio overall looks good very diverse set of stocks which should make this portfolio very stable time will tell but maybe we can start a COBF index investment company ala www.gothamassetmanagement.com. if I was starting a portfolio today this would be a very good start I think.