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How the Mighty Have Fallen

Uncle Max

Uncle Max

Joined
6/3/06
Messages
731
Points
28
Take a look at the year-to-date performance for some biggest of the big-name investors:

  • Warren Buffett (Berkshire Hathaway): -43%
  • Ken Hebner (CMG Focus Fund) -56%
  • Harry Lange (Fidelity Magellan): -59%
  • Bill Miller (Legg Mason Value Trust) -50%
  • Ken Griffin (Citadel): -44%
  • Carl Icahn (Icahn Enterprises): -81%
  • T. Boone Pickens: Down $2 billion since July
  • Kirk Kerkorian: Down $693 million on his Ford shares alone
 
True on the above Max, but is is far better to have a 50% draw from 10 billion and get left with 5 billion, then to have a 100% gain but only be worth a few million......... and that my fiend is speaking from personal experience!:D
 
Haha :)

Gus, if I had to invest my $50K I would rather be with you than with Warren and his 5 billion ;)
 
I once was in the room when someone asked Charles Schwab, "How does it feel to lose a billion dollars?"
SCHW (then SCH) missed its earnings number a few days prior, and gapped down $4. Chuck held 250 million shares.
Chuck laughed and said, "You know, it feels great -- just to have had the chance."
 
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