January 24, 2012
This is a past Premium recommendation and is made available for your reference. For more past trades, refer to our trade history. After exiting my position in Xyratex, it would have been disappointing if I did not find a way to get my exposure to the storage sector back. With the remarkable growth in the [...]
January 22, 2012
Investors are constantly reminded that the markets are efficient and there is no use trying to beat the market as it cannot be done on a consistent basis. In fact, we are told, that over 70% of the mutual funds fail to beat the market, presenting this as an evidence to somehow imply, in some convoluted logic, that we are better off handing over our money to the same mutual funds and invest passively, rather than take control of our own portfolio. I find this argument even more vacuous, considering that the best investors and stock pickers, who also happen to manage significant sums of money, do not usually run mutual funds.