Interesting concept. The one position mutual fund...

2008-07-20T21:48:00.000-04:00

Interesting concept. The one position mutual fund. I think shrewd investors would just skip the middleman and buy the DBC direct, eh?

Even the most concentrated mutual funds (the very few) own 20 names. The most concentrated hedge funds I've seen own 8 to 10. To own 1 position or 2 - you might as well go invest in that instruement yourself. Now the question is will DBC be the one to own the next 12months.

So did you want me to hold DBC or sell out of the market entirely as mentioned in Jan (or March?) when that triple bottom broke :) Can't have both.

As for your latter comment, that is like saying "if you didn't own the best stocks in your portfolio, your results would be terrible" Yes surely that is true. Thankfully I've owned many more of those than peers. If I had owned Chico's in 96 and held it for 10 years I'd have a 10,000%+ return as well, but no one told me that was the one to own in 96 :)

mark, If your fund is only 1 position which is DBC...

2008-07-20T18:45:00.000-04:00

mark, If your fund is only 1 position which is DBC, it would have return 100% since august 07, why bother with all these zig and zag, you buy Pot, Mos, MEE, ACI... and so on, in a way they trade off the DBC index. SPX mean nothing to these stock. Just go ahead and correlate their charts, you are an excellent trader, but your positions is really dependent on how big a waack on DBC it will take this time??? I recommend you just trade DBC, the long and short ETF, it would have been better. Frankly, this fund would have been underperformed without the heavy commodity stock exposure, consider how big the loss on those stock pick like BCSI, RVBD, or MBI, ABK. By the way, RVBD look like a buy short term now, but why bother?

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Interesting concept. The one position mutual fund...

mark, If your fund is only 1 position which is DBC...