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  • Billionaire Ken Fisher's Big Data Bets [View article]
    Two reasons:

    1. His best stock picks outperformed the market.
    2. People read these articles.
    Oct 7, 2012. 11:32 PM | Likes Like |Link to Comment
  • 5 Stocks Billionaires Are Crazy About [View article]
    Good point. Billionaires are even good at that though. Our research has shown that their picks in smaller cap stocks perform even better. For details you can visit our site:
    Sep 27, 2012. 12:50 PM | Likes Like |Link to Comment
  • Barry Rosenstein's Top 10 Stock Picks Returned 23% Since September [View article]
    See this for a standard definition of alpha and beta that is used in academic studies:
    Aug 30, 2012. 05:08 PM | Likes Like |Link to Comment
  • Barry Rosenstein's Top 10 Stock Picks Returned 23% Since September [View article]
    Not really. You could have beaten the market significantly since 2009 by using leverage and investing in index funds. That doesn't mean that you are a great investor though. You need to pay attention to the risks you are taking.
    Aug 30, 2012. 01:05 AM | Likes Like |Link to Comment
  • A Billionaire's Long-Term Gold Play [View article]
    This article is based on a 13G filing made on August 13th and shows Vinik's NG position as of this week. The Bloomberg data you talk about is based on 13F filings, which shows Vinik's portfolio holdings as of June 30th.

    The NG data we used in this article is more current than Bloomberg's 13F data.
    Aug 17, 2012. 05:19 PM | Likes Like |Link to Comment
  • Louis Navellier's New Stock Picks [View article]

    There are several academic studies showing that hedge funds have positive (and declining) alpha.

    There is a difference between alpha and outperforming an index fund though. Index funds have a beta of 1 whereas hedge funds' beta is generally less than 0.5. In an increasing market you can't expect hedge funds "outperform" index funds. In a declining market, hedge funds can easily "outperform" index funds (remember 2008).

    We don't advocate imitating a hedge fund's entire portfolio. We don't manage billions of dollars and we don't have to invest in large cap stocks which are relatively more efficiently priced. Our strategy is to imitate best hedge funds' best stock picks. Please visit our website for details.
    Aug 15, 2012. 11:54 PM | Likes Like |Link to Comment
  • Louis Navellier's New Stock Picks [View article]
    Hedge funds still have marginally positive alpha and investors have been putting way too much money in them. Hedge funds have more than $2 trillion in AUM and most of them are forced to invest in large-cap stocks. That's not where high alpha is. Hedge funds know that but they choose to dilute their overall alpha because management fees are too high to give up.

    When you calculate hedge funds' alpha in small and mid-cap stocks you still see high excess returns. Read this analysis:

    You can't explain an annual 20% alpha by "luck" or coincidence.

    This isn't a strategy for most Americans. This strategy's capacity is a few billion dollars, not trillions of dollars. An average retail investor underperforms the market by more than 5 percentage points annually. Most Americans would potentially be better off by switching to index funds or following our strategy which managed to beat the index funds by a huge margin in back testing.
    Aug 12, 2012. 09:47 PM | 1 Like Like |Link to Comment
  • Louis Navellier's New Stock Picks [View article]
    Archman Investor,

    We don't need to know what Navellier has done very recently. But we need to show that we can outperform the market by imitating his (and other smart investors') stock picks with a 2-month delay. We tested this using a 10-year hedge fund holdings database and found that we actually did even better than the fund managers (our research director has a Ph.D. in this field). Read the details:

    How is this possible? If hedge funds are early in buying stocks (i.e. they are trying to catch a falling knife), the delay in imitating their positions actually benefits us because we buy them at lower prices. It is also possible that hedge funds are early in selling their positions. They sell at lower prices and we get to sell at higher prices because we get the information with a 45-day delay.

    We aren't telling people to invest with these fund managers and make them rich. We are telling people not to waste their money, and imitate these fund managers' best stock picks. For details about our investment strategy, please visit our website.
    Aug 12, 2012. 09:57 AM | 4 Likes Like |Link to Comment
  • This Tech Company's New CEO Bought In This Week [View article]
    Angelo Mozilo of Countrywide.

    We don't care about what they say, we care about what they do.
    Aug 4, 2012. 03:38 PM | 2 Likes Like |Link to Comment
  • Billionaire Nelson Peltz Is Selling This Stock [View article]
    Thanks Charlie.
    Aug 3, 2012. 01:53 PM | 1 Like Like |Link to Comment
  • 4 Undervalued Stocks Expected To Double EPS Next Year [View article]
    These are risky stocks, so my positions are small.
    Aug 3, 2012. 11:49 AM | Likes Like |Link to Comment
  • Billionaire Ken Fisher's Top Stock Picks [View article]
    We track the portfolios of around 40 billionaires on our site:

    We will update their second quarter holdings in a couple of weeks.
    Aug 3, 2012. 11:45 AM | Likes Like |Link to Comment
  • Powder River Basin Coal Prices Have Bottomed, All Clear For Arch Coal? [View article]
    Hi Peter,

    I was trying to get in touch with you but there is a problem with Seeking Alpha's email system. Can you send me an email at

    Aug 2, 2012. 03:10 PM | Likes Like |Link to Comment
  • 4 Must Own Stocks For Conservative Investors [View article]
    I am more bullish on XOM than KO.
    Aug 2, 2012. 02:08 PM | 1 Like Like |Link to Comment
  • How Are The Dogs Of The Dow? [View article]
    Brian wrote it. I will ask him on Monday about these yields.
    Jul 29, 2012. 09:39 AM | Likes Like |Link to Comment