Regular readers of this blog know I place a premium on cash yields on my portfolio. But this emphasis on dividends has gotten me into trouble in the past. Yes, I’ll say it: “My name is Davy Bui and I am a recovering yield pig.” My past experiences with stocks like American Capital (ACAS) and [...]
Painful as it was, 2008 was an invaluable learning experience. That may be a gross understatement. The investment turbulence of 2008 may have been a formative experience — one of those events that truly molds people and perspectives for a lifetime. That I managed to only lose -15% vs. a 39% drop in the S&P [...]
Despite closing my ACAS position nearly two months ago (see my reasons here), I still get more traffic and questions on ACAS than on any other stock. A reader thoughtfully sent in a petiton regarding ACAS’ plan to issue shares below NAV. I’ve stopped following the stock and don’t know much about the details of [...]
Last week, a reader, Jason, posted a comment regarding the attractiveness of corporate bonds vs. convertibles in the context of the US$. I’ve been pondering his comment for a week now and would like to post my thoughts on the subject. In fact, if I had heeded Jason’s previous comments regarding ACAS, I could have [...]
Beware to those who ignore historical market cylicality. I made two late-cycle investments in stocks heavily associated with copper and am paying for it now. While I hardly bought in at the top, being early doesn’t feel much different from being wrong. Unlike my previous blow-up with American Capital (ACAS), I do not believe the [...]
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: -18.1% YTD (including dividends) DJIA: -33.4% Nasdaq: -42.1% S&P 500: -39.0% DJ WIlshire 5000: -39.6% Russell 2000 (smallcap): -38.2% The portfolio sagged ever lower, finishing November down [...]
