http://www.forbes.com/sites/ericjackson/2012/01/02/the-seven-habits-of-spectacularly-unsuccessful-executives/
I found this article the other day when I was checking the stock price of Yahoo. (No Joke)
I thought it was very good even thought the...." 7 habits of.....(fill in the blanks)" is by now warn weary.
Re: Yahoo....I am not sure where all this internal leaking of detail regarding Mayer's tenure and decisions are coming from, but it can not be good for confidence levels to have this information in the news every week.
Also, I think the stock market has voted on the likely success Yahoo will have under Mayer. I think it is probably too late for Mayer to review Habit #4 anyways.
Sunday, September 30, 2012
End of Sept
S and P 500 14.56%
Buy List 10.24%
Covered Call List is 8.43%
No October Options bought either.
Buy List 10.24%
Covered Call List is 8.43%
No October Options bought either.
Tuesday, September 4, 2012
August +1 Final
I realized this morning that I did not update the buy list through August. So I will do it now.
S&P 500 11.72%
Buy List 9.63%
Option List 8.62%
Do recall that the option list has rarely had more than 50% invested. Right now we are 25% invested.
S&P 500 11.72%
Buy List 9.63%
Option List 8.62%
Do recall that the option list has rarely had more than 50% invested. Right now we are 25% invested.
Saturday, September 1, 2012
Public pension funds stung by Facebook's falling stock
Really????
http://www.latimes.com/business/la-fi-0901-facebook-pensions-20120901,0,444913.story
This article is about public pension funds buying Facebook at the IPO and......(well you know the story..)
Where were the risk managers?
The California Public Employees' Retirement System, the country's largest public pension, refused to reveal how many shares it bought in the IPO. CalPERS had 557,140 Facebook shares on May 23 and more than doubled its stake to 1.3 million shares as of this week, according to a spokeswoman.
The California State Teachers' Retirement System bought about 500,000 shares in the IPO — worth about $19 million — and sold them when the price briefly popped on the first day. CalSTRS made about $250,000 on the sale, a spokesman said.
CalSTRS has since loaded up on 1.2 million Facebook shares, a stake that has cost the pension fund about $17 million in paper losses, a spokesman said.
"As a patient, long-term investor with a 30-year investment horizon we believe that over time, the stock and the company should perform well," CalSTRS spokesman Michael Sicilia said in an email.
Not only are government agencies criminals in their pension obligations, They are day-trading what they have left.
If you read the comment by CalSTRS spokesman...."with a 30 year investment horizon..." and then the paragraph that states "...and sold them when the price briefly popped on the first day. CalSTRS made about $250,000 on the sale, a spokesman said." I would like to know if they were the same spokesman?
In the paragraph regarding the stake held by CalPERS. It sounds like they are trying to dollar cost average their way out of a loss. That only works if the stock drops and then rises. If the stock drops and then keeps dropping then you just plain lose.
http://www.latimes.com/business/la-fi-0901-facebook-pensions-20120901,0,444913.story
This article is about public pension funds buying Facebook at the IPO and......(well you know the story..)
Where were the risk managers?
The California Public Employees' Retirement System, the country's largest public pension, refused to reveal how many shares it bought in the IPO. CalPERS had 557,140 Facebook shares on May 23 and more than doubled its stake to 1.3 million shares as of this week, according to a spokeswoman.
The California State Teachers' Retirement System bought about 500,000 shares in the IPO — worth about $19 million — and sold them when the price briefly popped on the first day. CalSTRS made about $250,000 on the sale, a spokesman said.
CalSTRS has since loaded up on 1.2 million Facebook shares, a stake that has cost the pension fund about $17 million in paper losses, a spokesman said.
"As a patient, long-term investor with a 30-year investment horizon we believe that over time, the stock and the company should perform well," CalSTRS spokesman Michael Sicilia said in an email.
Not only are government agencies criminals in their pension obligations, They are day-trading what they have left.
If you read the comment by CalSTRS spokesman...."with a 30 year investment horizon..." and then the paragraph that states "...and sold them when the price briefly popped on the first day. CalSTRS made about $250,000 on the sale, a spokesman said." I would like to know if they were the same spokesman?
In the paragraph regarding the stake held by CalPERS. It sounds like they are trying to dollar cost average their way out of a loss. That only works if the stock drops and then rises. If the stock drops and then keeps dropping then you just plain lose.
Subscribe to:
Posts (Atom)