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.