Fast_Money: 2008 Performance Numbers Of The Well-Known

Friday, August 21, 2009

2008 Performance Numbers Of The Well-Known

I know these numbers are for last year I don't have this years results yet. It is easy to follow Buffett, Hebner, Lange, and Miller because they own public funds and it is easy to follow. There problem is that they have so much money to invest. That is not my problem Ha Ha ! ! ! I do wish them all success.
2008 performance numbers of some very well known names:
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

Most average folk did even worst with their investments.

It's gonna take a very long long time to get back to breakeven as investors (not that short term trading is any better). There is nothing wrong with investing (or trading), except that you better apply some form of money management to have a fighting chance of making money over the long haul.

I use exclusively Fast Money trading

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I hope you will learn from my years experience as a professional trader.

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Friday, August 21, 2009

2008 Performance Numbers Of The Well-Known

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