6 months without a post. Its time to dust off this site again. I thought i could start working on the blog back in February, but i was wrong. There weren’t enough hours in a day. I was wishing for 48 hour days. Things are finally settling down (fingers crossed).
Its also been 1 year since i started this blog so its time to lookback and see how i did.
Next Warren Buffett or Berkshire Hathaway – MKL/WTM/LUK/BAM are up SHLD/IACI are not. This is a very long term play so its no use looking at it over 1 year
What I got wrong
- Is Google’s domination about to end. – They took market share from most competitors and shares have increased 25%. I still don’t like the company’s moat so I still don’t like the stock.
- Investing in the Video Games industry – I was wrong on the game developers i picked. ERTS and Konami have barely moved.
- Time for a market correction - I was right about the market needing a correction. I was wrong about when it would happen.
- Whats next for Sears Holdings – I hoped SHLD was all Eddie Lampert would work on but i was wrong, he is starting a new fund to invest in Citigroup stock. I also hoped to see some acquisitions/investments using SHLD’s money which is currently being used for stock buybacks.
What i got right
- Ka-ching in on the dollars decline. – The dollar is significantly lower against most currencies
- Valuing Berkshire Hathaway – On Aug 23rd 2006 I said the B shares which were trading at $3100 are easily worth $4000. One year later and they last closed at $3995.
- Richest countries in the world – People seem to have taken a liking to Canadian Energy and Australian Mining companies this past year.
- Water the most important natural resource – A 25% increase in the water index says it all.
- Has gold lost its glitter – With all the market volatility that took place this year Gold should have shot up but it didn’t.
- Investing in the Video Games industry – Gamestop and Nintendo are both up substantially
How did I do? You be the judge.
