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 [...]
T. Boone Pickens, via BP Capital, was fairly active in adding and building positions. Pickens made headlines earlier this year by predicting a drop in oil prices for the first half of 2008 and then quickly backtracking as oil has smashed through record prices. Here are some highlights from the filing: Reopened a big position [...]
As always, you can find the portfolio page here. YTD through 03/31/2008, i.e. the first quarter, our portfolio is +11.2%. This compares favorably to the major US averages which range from -7.6% (DJIA) to -14.1% (NASDAQ). The bulk of our gains have been driven by our commodity plays, despite the recent “bubble bursting.” Even our [...]
I heard it on TV so it must be true. All kidding aside, the last two days have been absolutely brutal for the commodities side of our portfolio and today, the energy stocks also got whacked. And I don’t know about you folks but I haven’t reached that zen, Buffett-like state where falling prices don’t [...]
Here is the research from the old website. Any updates can be found on the this blog and will not be reflected on these older web pages. ENLIGHTENED-AMERICAN PORTFOLIO PICKS Agnico-Eagle Mines – (AEM-US) – updated 10/28/2007 Chesapeake Energy – (CHK-US) – updated 11/18/2007 Devon Energy Research Report – (DVN-US) – updated 02/12/2008 Elements ETN [...]
