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  • gatordogz gatordogz Jun 17, 2009 8:44 PM Flag

    Is Ken the worst money manager of al time?

    Ken may have been a star performer but not after owned it. (Emphasis on ownED). Sold today because I was sick of the underperformance to the upside and "overpermance" to the downside.
    Acording to the Lipper rating on Smartmoney.com, CGMFX is in the very last percentile for the YTD and one year period. That's all I need to know. Too many well performing stocks and ETF's to not take advantage of and I couldn't wait any longer. Good luck everybody.

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    • You'll never get anywhere chasing performance like that.

      • 1 Reply to ryanruiz100
      • Depends on your criteria. If consistent profits and relative predictability count foremost, Ken belongs among the hindmost. On the other hand, mutual funds (esp. a John Bogle fund) can be as much fun as watching paint dry--better make that slow-drying paint. Ken at least keeps things interesting, and does so with undeniable flair. Just don't spend your life's savings for admission to the show (beats that loudmouth on CNBC).

        Also, if you really believe he's the worst manager of all time based on his profitability or lack thereof, maybe you need to reconsider if that also makes him the best manager of all time. For the past year, I can't think of a better contrarian indicator than Ken when it comes to knowing which stocks to avoid and which to acquire.

    • It's like going to a racetrack and winning when you're hot. You might be hot for a month or so but sooner or later you'll lose everything you made. The trick is to stop while you're ahead. Those people who sold last year played the game right.

 
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