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Feb. 12 2010 - 6:32 am | 53 views | 0 recommendations | 2 comments

My investment manager is a genius

By MATT STEINGLASS

I invest with one of those Warren Buffett-style “values investor” types. I started putting money into the market in significant amounts back in 2000. Today I took a look at how he’s doing with my money, and I saw that at some point over the past few weeks, my overall stock performance, since I started putting money into the market, had edged into the black. Since 2000, overall, I’m up a bit less than 1%.

In other words, my investment manager is a genius who is beating the market by over 20%. 10 years ago, the S&P was at 1346. It’s down 22.5% in the past decade.

So I’m with Paul Ryan: I think we should take our Social Security funds and start investing them in the financial markets. Right?

 
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  1. collapse expand
    8:27 am on 02/12/10
    citifieddoug
    citifieddoug

    Let your fund manager know to buy some Smith & Wesson. Mad Max got it wrong, it will be old people pillaging villages by 2030.

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    About Me

    I've reported from Vietnam since 2003. I'm now the Hanoi correspondent for the German-based, English-language wire service Deutsche Presse-Agentur, and was previously a Hanoi-based stringer for the Boston Globe and for Voice of America. Before that I reported from West Africa, and before that from the Netherlands; my articles have appeared in the Washington Post, the Nation, the New York Times Magazine and the New York Times. I've got a thing for languages, and have picked up Russian, French, Dutch and Vietnamese. I used to write scripts for the children's cartoon shows "Arthur", "Doug", and a few others. I got a degree in interactive telecommunications back when most people had never sent an email. In April 1991 I predicted the USSR would collapse into its constituent republics and that Boris Yeltsin would become president of Russia. Since then most of my predictions have been rather less accurate, so it was probably a fluke.

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