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Troubled times. Yet this week $$$Mr.Market$$$ sold DECK and bought FLIR. Where there is life there is hope. And we need some of that: the Following MrMarket Portfolio now stands at a shocking 19,563, down 2.5% for the week! So much for the amaaaazing recovery 
Some bookkeeping: DECK opened with a gap up, so we sold at the open, 31.74, 1% over our limit price. ($$$Mr. Market$$$ sold at 31.97, but then he is HUGE.) We got FLIR at a discount, compared to $$$Mr. Market$$$: 61.68 against his 62.55. It has been more heavily discounted since then...
Well, let's put this in perspective. What did the comparison "funds" do? SPY: 19,911 (-2.8%); QQQ: 18868 (-4.9%); IWM: 19390 (-4.5%)
I really think this is remarkable. $$$Mr. Market$$$ has recently picked some some stocks that are at the least for the time being duds (through no fault of his own). BEL, NUTR, CBK: all three have trouble with their earnings, and yet, with this drag on his portfolio, he is at the least matching the market. Just imagine what will happen when just one of the duds gets back on course.
Did I write about diversification yet? I did? Never mind: if you make your own decision and buy a $$$Mr. Market$$$ stock, don't do it if it is your only stock. $$$Mr. Market$$$ has a basket of 14 stocks, and that is not for nothing. Less might work too, but under 8 it might become tricky. And that is not all there is to say about diversification. $$$Mr. Market$$$ also has a "buy and die" portfolio. That is even more diversification.
Some bookkeeping: DECK opened with a gap up, so we sold at the open, 31.74, 1% over our limit price. ($$$Mr. Market$$$ sold at 31.97, but then he is HUGE.) We got FLIR at a discount, compared to $$$Mr. Market$$$: 61.68 against his 62.55. It has been more heavily discounted since then...
Well, let's put this in perspective. What did the comparison "funds" do? SPY: 19,911 (-2.8%); QQQ: 18868 (-4.9%); IWM: 19390 (-4.5%)
I really think this is remarkable. $$$Mr. Market$$$ has recently picked some some stocks that are at the least for the time being duds (through no fault of his own). BEL, NUTR, CBK: all three have trouble with their earnings, and yet, with this drag on his portfolio, he is at the least matching the market. Just imagine what will happen when just one of the duds gets back on course.
Did I write about diversification yet? I did? Never mind: if you make your own decision and buy a $$$Mr. Market$$$ stock, don't do it if it is your only stock. $$$Mr. Market$$$ has a basket of 14 stocks, and that is not for nothing. Less might work too, but under 8 it might become tricky. And that is not all there is to say about diversification. $$$Mr. Market$$$ also has a "buy and die" portfolio. That is even more diversification.
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