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	<title>The Enlightened American &#187; GSK</title>
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	<link>http://enlightened-american.com</link>
	<description>One person's quest to make sense of a senseless American economy and society.</description>
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		<title>YTD Portfolio Results &amp; Market Commentary</title>
		<link>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary</link>
		<comments>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary#comments</comments>
		<pubDate>Tue, 02 Aug 2011 04:59:35 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[CEF]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[EWS]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[MFN]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=827</guid>
		<description><![CDATA[THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +7.2% through August 1st, 2011 (my actual IRR, including cash balance) DJIA: +4.8% Nasdaq: +3.5% S&#38;P 500: +2.3% DJ Wilshire 5000: +2.2% Russell 2000 (smallcap): +1.2% I must admit some pleasure at walking away from the portfolio for a month only to return to YTD results showing us outperforming [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2011/08/01/ytd-portfolio-results-market-commentary/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tracking 2011 Q1 Moves by Seth Klarman and Bruce Berkowitz</title>
		<link>http://enlightened-american.com/2011/05/25/tracking-2011-q1-moves-by-seth-klarman-and-bruce-berkowitz</link>
		<comments>http://enlightened-american.com/2011/05/25/tracking-2011-q1-moves-by-seth-klarman-and-bruce-berkowitz#comments</comments>
		<pubDate>Wed, 25 May 2011 16:55:03 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Pro's Picks]]></category>
		<category><![CDATA[ANV]]></category>
		<category><![CDATA[AVEO]]></category>
		<category><![CDATA[AZN]]></category>
		<category><![CDATA[BAM]]></category>
		<category><![CDATA[BBEP]]></category>
		<category><![CDATA[bmy]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[CSE]]></category>
		<category><![CDATA[GGP]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[HUM]]></category>
		<category><![CDATA[LLY]]></category>
		<category><![CDATA[PDLI]]></category>
		<category><![CDATA[REGN]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[TEF]]></category>
		<category><![CDATA[VZ]]></category>
		<category><![CDATA[WCG]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=802</guid>
		<description><![CDATA[Being a value investor, I always take great interest to see what long-established value gurus like Seth Klarman and Bruce Berkowitz are doing with their portfolios. While 13F-HR filings are incomplete snapshots at best as they detail no information on bonds, foreign stocks and other esoteric asset classes, some insight may still be gleaned from [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2011/05/25/tracking-2011-q1-moves-by-seth-klarman-and-bruce-berkowitz/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Pharma Primes The Pump</title>
		<link>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump</link>
		<comments>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump#comments</comments>
		<pubDate>Tue, 20 Apr 2010 21:27:38 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Worth Reading (links to articles, etc.)]]></category>
		<category><![CDATA[GSK]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=672</guid>
		<description><![CDATA[Consider this article in the Wall Street Journal on increased prescription drug prices last year, despite the &#8220;Great Recession.&#8221; Obviously, the drug makers are trying to get their licks in now before the health care overhaul takes effect, despite transparent denials by their various spokespeople. This serves as yet another example of the difficulty of [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2010/04/20/big-pharma-primes-the-pump/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>123rd Edition of The Festival of Stocks</title>
		<link>http://enlightened-american.com/2009/01/12/123rd-edition-of-the-festival-of-stocks</link>
		<comments>http://enlightened-american.com/2009/01/12/123rd-edition-of-the-festival-of-stocks#comments</comments>
		<pubDate>Mon, 12 Jan 2009 10:25:20 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[ACHI]]></category>
		<category><![CDATA[ADSK]]></category>
		<category><![CDATA[BIDZ]]></category>
		<category><![CDATA[BOA]]></category>
		<category><![CDATA[BR]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[DISH]]></category>
		<category><![CDATA[DIVX]]></category>
		<category><![CDATA[Dogs of the Dow]]></category>
		<category><![CDATA[EME]]></category>
		<category><![CDATA[FTE]]></category>
		<category><![CDATA[FXB]]></category>
		<category><![CDATA[FXE]]></category>
		<category><![CDATA[GD]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[JOYG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JW.A]]></category>
		<category><![CDATA[KFT]]></category>
		<category><![CDATA[KHD]]></category>
		<category><![CDATA[LO]]></category>
		<category><![CDATA[LOGI]]></category>
		<category><![CDATA[MRK]]></category>
		<category><![CDATA[MRX]]></category>
		<category><![CDATA[MSO]]></category>
		<category><![CDATA[NYT]]></category>
		<category><![CDATA[OGZPY]]></category>
		<category><![CDATA[PCU]]></category>
		<category><![CDATA[PEP]]></category>
		<category><![CDATA[PFE]]></category>
		<category><![CDATA[SAY]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[TTWO]]></category>
		<category><![CDATA[VPHM]]></category>
		<category><![CDATA[VRGY]]></category>
		<category><![CDATA[VZ]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=287</guid>
		<description><![CDATA[Welcome to the january 12th, 2009 edition of the Festival of Stocks, hosted this week by the Enlightened American site.  Below, you&#8217;ll find a selection of posts covering a wide array of topics in investing and personal finance.  You can find more information on the Festival of Stocks here. For new visitors, my blog focuses [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/01/12/123rd-edition-of-the-festival-of-stocks/feed</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Portfolio Performance: -13.6% YTD through Oct 2008</title>
		<link>http://enlightened-american.com/2008/11/03/portfolio-performance-136-ytd-through-oct-2008</link>
		<comments>http://enlightened-american.com/2008/11/03/portfolio-performance-136-ytd-through-oct-2008#comments</comments>
		<pubDate>Mon, 03 Nov 2008 17:29:45 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[bill fleckenstein]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[enlightened-american portfolio]]></category>
		<category><![CDATA[EWS]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[Marc Faber]]></category>
		<category><![CDATA[NOV]]></category>
		<category><![CDATA[NXG]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[RJA]]></category>
		<category><![CDATA[tlm]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=248</guid>
		<description><![CDATA[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: -13.6% YTD (including dividends) DJIA: -29.7% Nasdaq: -35.1% S&#38;P 500: -34.0% DJ WIlshire 5000: -34.1% Russell 2000 (smallcap): -29.8% Ten months through the year and all I [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/11/03/portfolio-performance-136-ytd-through-oct-2008/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>2008 Q2 Portfolio Holdings: Bruce Berkowitz, Bob Rodriguez &amp; Mohnish Pabrai</title>
		<link>http://enlightened-american.com/2008/08/19/2008-q2-portfolio-holdings-bruce-berkowitz-bob-rodriguez-mohnish-pabrai</link>
		<comments>http://enlightened-american.com/2008/08/19/2008-q2-portfolio-holdings-bruce-berkowitz-bob-rodriguez-mohnish-pabrai#comments</comments>
		<pubDate>Wed, 20 Aug 2008 05:38:17 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Pro's Picks]]></category>
		<category><![CDATA[AMGN]]></category>
		<category><![CDATA[arcc]]></category>
		<category><![CDATA[atsg]]></category>
		<category><![CDATA[bmy]]></category>
		<category><![CDATA[brk.b]]></category>
		<category><![CDATA[bruce berkowitz]]></category>
		<category><![CDATA[CNQ]]></category>
		<category><![CDATA[fairholme fund]]></category>
		<category><![CDATA[fpa capital]]></category>
		<category><![CDATA[frx]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[JOE]]></category>
		<category><![CDATA[jtx]]></category>
		<category><![CDATA[mohnish pabrai]]></category>
		<category><![CDATA[PFE]]></category>
		<category><![CDATA[PNCL]]></category>
		<category><![CDATA[robert rodriguez]]></category>
		<category><![CDATA[rost]]></category>
		<category><![CDATA[SHLD]]></category>
		<category><![CDATA[stmp]]></category>
		<category><![CDATA[UNH]]></category>
		<category><![CDATA[urii]]></category>
		<category><![CDATA[WCG]]></category>
		<category><![CDATA[WLP]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=210</guid>
		<description><![CDATA[In their 13F-HR filing for Q2 2008, Bruce Berkowitz and his cohorts at the Fairholme Fund continue their shift from energy into healthcare: Fairholme opened huge (relative) positions in Pfizer (PFE), Forest Labs (FRX) and UnitedHealth Group (UNH). The UNH position echos Seth Klarman&#8217;s endorsement. I don&#8217;t follow the pharma industry too closely but it [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/08/19/2008-q2-portfolio-holdings-bruce-berkowitz-bob-rodriguez-mohnish-pabrai/feed</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>More 2008 Q1 13F-HR Filings: Berkowitz, Pabrai, Bob Rodriguez</title>
		<link>http://enlightened-american.com/2008/05/16/more-2008-q1-13f-hr-filings-berkowitz-pabrai-bob-rodriguez</link>
		<comments>http://enlightened-american.com/2008/05/16/more-2008-q1-13f-hr-filings-berkowitz-pabrai-bob-rodriguez#comments</comments>
		<pubDate>Fri, 16 May 2008 20:25:01 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[bruce berkowitz]]></category>
		<category><![CDATA[CCRT]]></category>
		<category><![CDATA[CNQ]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[JOE]]></category>
		<category><![CDATA[mohnish pabrai]]></category>
		<category><![CDATA[OCR]]></category>
		<category><![CDATA[PNCL]]></category>
		<category><![CDATA[PWE]]></category>
		<category><![CDATA[robert rodriguez]]></category>
		<category><![CDATA[SHLD]]></category>
		<category><![CDATA[WCG]]></category>
		<category><![CDATA[WLP]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/05/16/more-2008-q1-13f-hr-filings-berkowitz-pabrai-bob-rodriguez/</guid>
		<description><![CDATA[Bruce Berkowitz and his team at Fairholme have been keeping busy with several new additions. Quick thoughts: I am not sure if my scripts are handling the options correctly but since the options have the same CUSPID as the underlying stock, it is hard to tell which options the manager(s) are holding. Berkowitz has call [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/05/16/more-2008-q1-13f-hr-filings-berkowitz-pabrai-bob-rodriguez/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Selling JNJ</title>
		<link>http://enlightened-american.com/2007/11/17/selling-jnj</link>
		<comments>http://enlightened-american.com/2007/11/17/selling-jnj#comments</comments>
		<pubDate>Sat, 17 Nov 2007 20:18:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[Amgen]]></category>
		<category><![CDATA[AMGN]]></category>
		<category><![CDATA[Big Pharma]]></category>
		<category><![CDATA[enlightened-american portfolio]]></category>
		<category><![CDATA[GlaxoSmithKline]]></category>
		<category><![CDATA[GSK]]></category>
		<category><![CDATA[JNJ]]></category>
		<category><![CDATA[Johnson and Johnson]]></category>
		<category><![CDATA[Novartis]]></category>
		<category><![CDATA[PFE]]></category>
		<category><![CDATA[Pfizer]]></category>
		<category><![CDATA[Roche]]></category>
		<category><![CDATA[Sanofi-Aventis]]></category>
		<category><![CDATA[SNY]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=53</guid>
		<description><![CDATA[Now that the portfolio page is updated, I can mention that I sold Johnson &#38; Johnson (JNJ) earlier this month (check the portfolio page for details). We made a small gain on it but mostly it was a portfolio allocation and strategy issue. My girlfriend actually made the call to sell (I do all of [...]]]></description>
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		<slash:comments>0</slash:comments>
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