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  • David Einhorn: Big Banks Pick Pockets of Pension Funds [View article]
    We are long-term bullish on Turkish markets. We like banking stocks, especially Garanti Bankasi. The main problem with investing in Turkish markets is volatility. Another global crisis and banking stocks might go down more than 50%. Exchange rate volatility compounds that problem as well. So, you shouldn't be surprised to lose 75% of your investments in case there is another crisis. But, if you can handle the volatility, we expect it to be a very rewarding investment. Maybe we should write an article about investing in Turkey.
    Dec 21 02:42 PM | 2 Likes Like |Link to Comment
  • Chase Coleman's Tiger Global's Latest Stock Picks [View article]
    He returned more than 40% per year after fees until 2008. We don't know how he performed since then. He is one of the most successful Tiger cubs.
    Dec 10 09:25 AM | 2 Likes Like |Link to Comment
  • Should We Invest in Dividend Stocks for the Long Term? [View article]
    Did you use a market cap criteria as well?
    Oct 25 10:19 AM | 2 Likes Like |Link to Comment
  • Why Stock Market Will Go Up by 58% Over Next 10 Years [View article]
    There was a 13 year period between 1938 and 1950 where 10-year interest rates were below 2.5%. So it is possible to have extended periods of low interest rates. Nevertheless I am not making any predictions about the direction of interest rates in this article. All I am saying is at this point in time I'd rather be in stocks than bonds for the next 10 years. One way of playing this is to go long high dividend yielding (large and stable) stocks and short the treasuries. I am going to share my analysis tomorrow in a separate article.
    Oct 13 10:36 AM | 2 Likes Like |Link to Comment
  • Why Stock Market Will Go Up by 58% Over Next 10 Years [View article]
    I am not so sure about the unsustainability of the current 10-year interest rates. Between 1938 and 1950, 10-year interest rates were below 2.5%. There were brief periods of deflation, nevertheless the cumulative inflation rate was over 70% between 1938 and 1950. Whoever (probably the Fed) is buying the 10-year treasuries might be better off investing in high dividend stocks.

    Currently I am working on another article showing how high dividend stocks beat bonds and broad market averages in this low interest rate environment.
    Oct 12 12:44 PM | 2 Likes Like |Link to Comment
  • Ken Fisher's Top Stock Picks [View article]
    sorry, didn't mean to be.
    Aug 4 02:10 PM | 1 Like Like |Link to Comment
  • Avoid These 5 Dividend Monsters [View article]
    It is a legacy position. I stopped trading stocks because we are subject to several trading restrictions (i.e. no transactions within 10 days of the publication of an article) to prevent even the impression of any wrongdoing. Since we publish dozens of articles every day it is almost impossible for me to trade stocks.

    If you want to find out the list of stocks we really really like please visit this page (our picks returned 48.9% during the last 9 months): http://bit.ly/WQrEeN
    Jun 3 02:06 PM | 1 Like Like |Link to Comment
  • Billionaire Mason Hawkins' Top Stock Picks [View article]
    There is a chart on our site (see: http://bit.ly/GUugpE ) comparing our performance vs. the SPY. The market was flat between the end of August and the beginning of December. During this period our small-cap strategy beat the SPY by more than 9 percentage points. Don't confuse our alpha with beta. It is true that about 25 percentage points of our return is due to beta, but the remaining 25 percentage points is alpha.

    Keep watching us. We are very confident that we will outperform the S&P 500 index over the next 3-5 year period.
    May 20 05:01 PM | 1 Like Like |Link to Comment
  • Billionaire Mason Hawkins' Top Stock Picks [View article]
    By using those "useless" 13F filings we created an investment strategy and its stock picks returned 49.8% since the end of August. During the same period S&P 500 index gained only 20.3% including dividends.

    You can check out ALL of our stock picks from the first issue of our newsletter here: http://bit.ly/WQrEeN

    Our strategy beat the market by nearly 30 percentage points in less than 9 months. Don't you think $499 is a bargain for this kind of performance?
    May 20 04:07 PM | 1 Like Like |Link to Comment
  • Billionaire Mason Hawkins' Top Stock Picks [View article]
    The filing is made on May 14th. Sorry but you don't know how to read a 13F filing.
    May 20 02:18 PM | 1 Like Like |Link to Comment
  • 5 Takeover Rumors Hedge Funds Have Been Buying [View article]
    I don't think you read our article correctly. The last time Icahn invested in CHK he made 30% in 3 months and sold the stock above $30.

    Icahn also initiated a 50 million share position in CHK last May when the stock was trading around $15. Again, he made around 30% from those transactions. The stock may have been a loser but you can still make a ton of money if you know when to buy and sell.
    Apr 29 10:56 PM | 1 Like Like |Link to Comment
  • Billionaire Steve Cohen's Newest Stock Picks [View article]
    I am not picking and choosing the time frame. We first published these picks at the end of August. This is our entire track record.

    Our product is our small-cap strategy. If you are interested in 13F filings, the data is freely available on our website as well. We also provide a free 50+ page report summarizing quarterly filings.
    Mar 15 03:56 PM | 1 Like Like |Link to Comment
  • Billionaire Steve Cohen's Newest Stock Picks [View article]
    VBK was $85.09 on August 31st and it was $99.32 on Mar 13th. Total Return=16.7%

    JKK was $91.58 on August 31st and it was $104.49 on Mar 13th.
    Total Return=14.1%

    IJT was $81.82 on August 31st and it was $93.21 on March 13th.
    Total Return= 13.9%

    Our strategy returned 37.7% during the same time period. It outperformed your ETFs by at least 21 percentage points. Clearly hedge funds' small-cap picks did much better the benchmarks you suggested. You can check out our stock picks here:

    http://bit.ly/WQrEeN

    They aren't as small as you think and they beat the market by more than 20 percentage points.
    Mar 15 08:20 AM | 1 Like Like |Link to Comment
  • Billionaire Steve Cohen's Newest Stock Picks [View article]
    Do you know statistics and probability? Our 15 stock picks didn't beat the market by a few percentage points. They beat the market by 18 percentage points per year during a 10-year back testing period. What is the probability of that happening randomly?

    We have been live testing this strategy since the end of August. How did our 15 stock picks perform in real time? They returned 36% since the end of August, beating the S&P 500 index by nearly 25 percentage points. What is the probability of that happening randomly?
    Mar 13 02:14 PM | 1 Like Like |Link to Comment
  • Billionaire Steve Cohen's Newest Stock Picks [View article]
    These are based on 13F filings.
    Mar 9 06:12 PM | 1 Like Like |Link to Comment
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