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Picks Performance:
Outperforms
74%
of community
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All-time Return
+6.37%
(in over 2 years)
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Risk (SD)
Aggressive
0.00%
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Sharpe Ratio
-0.91
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Followers
27
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Winning Picks
86
of
210
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Total Views
111219
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Walter Thatcher's Blog Posts
We're moving!
10/06/09
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The new URL for this blog will be www.stocksforallseasons.com. I've launched a new Wordpress blog. This is the first step in a complete re-design....
A few interesting links
10/01/09
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Is the market going to re-test the March lows? Jack Hough let us know Where to look for a clue on earnings .Are the bears turning bullish?Did the Thin White Duke cause the crash?Everyone's talking about the New Normal. Marc Faber is at it again. Do you have the stones to buy value this deep?...
Are you okay with volatility? Really? You sure?
09/29/09
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One of the things that bedevils all investors is volatility. Usually, we are trying to figure out how to take advantage of it. Investors, particularly value investors, are always claiming to not care about it. It's casually dismissed as noise. It usually is. Still, it's hard to call it noise when ...
What do when you see a list like this
09/28/09
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The Business Insider recently posted a list of 10 big companies veering towards bankruptcy. Not surprisingly consumer discretionary companies dominate the list. Without a doubt, all of these companies have serious problems. Should you go out and short these companies? No. Absolutely not. I'm not sayi...
Revisiting E-Trade
09/25/09
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As readers of this blog know, I've been stalking E*Trade for some time. I first wrote about this stock back in November of 2007. It looked like a baby being thrown out with the bathwater. By my reckoning, there was still a vibrant brokerage business underneath the mortgage missteps. The stock has bee...
Still more on CCTR
09/24/09
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China Crescent Enterprises is like a girl I dated that hurt me, but I'm still fascinated by her. I can't help but be astonished by how cheap the company's being valued. I read the press releases and I'm leery. They're just way too positive. I am willing to miss out on a 100+ bagger here until I g...
Invest like it's 1966
09/23/09
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I'm currently reading F Wall Street by Joe Ponzio. I high recommend this book, especially to those who are interested in learning more about value investing. The book is dedicated to teaching readers to value the underlying business that a stock represents. I just finished a chapter called "Invest Li...
Marc Faber: Long-term Bear, short-term bull
09/22/09
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Marc Faber isn't the first person to trash the greenback. Interestingly enough, he still likes U.S. stocks, however. He particularly likes commodity stocks. I agree with him that the FCX, NEM, and XOM are good values. I can't say that I have his same tolerance for risk regarding buying the airlines. ...
I'm looking elsewhere for value
09/21/09
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Right now, I don't see a lot of value in the U.S. market. The S & P 500 is up over 50% from the March 9th low. Many people are clamoring that the a new bull market is afoot. As regular readers of this blog know, I don't believe that. To this end, I've been stockpiling cash, waiting for another do...
VLKAF
I'm not cashing out, but I'm not buying either
09/18/09
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I've written about how I think that this is a sucker's rally several times. I'm stacking cash and waiting for some new bargains to emerge. When I look 52-week lows, there's not a whole to show for it. In fact, I ran MSN's 52-week low power search and two names came up, Tamura Corp.(TMURF) and Vol...
Is it too late to buy CMTP?
09/17/09
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I first wrote about China Digital Communications back on July 20th, 2009. Back then it was trading at ridiculously cheap valuations at a price $2.85 per share. It's still pretty cheap. Check out this piece from TheStreet.com by Rick Pearson. He went to Shenzen and interviewed management and came away...
MNI
I'm getting nervous about this rally
09/16/09
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I wrote about how to play this rally by buying junk stocks. I specifically mentioned McClatchy (MNI). When I recommend the stock back on August 11th, the stock finished that day at $2.06. It's up about 33% since then. The stock has worked well as a trade, but I would suggest exiting it now. The compa...
Barry Ritholtz knows what he's talking about
09/15/09
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Barry Ritholtz gave a very solid interview to TechTicker recently. It is very reasonable and incorporates a long-term view of the markets. Among other things, he cautions against declaring the death of buy and hold investing. The market hasn't moved in eight years. That means that you might have a...
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Bet on Oil?
09/14/09
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In the October 2009 issue of Esquire includes some stock tips from Ken Kurson. Off and on throughout the years, Mr. Kurson has written a column called "The Portfoilo" in which he shares his thinking about the markets and he usually gives you a few ticker symbols to consider. This month, Mr. Kurso...
10 Bubbles?
09/11/09
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Clutterstock has named these areas a bubbles in the making. Are they right? What bubbles other than the ten mentioned here, do you think are forming or about to burst? Let me offer my own ten suggestions.1. The Treasury Bubble2. The outrage at the evils of corporate America Bubble3. The Social Media ...
Meet the Dumbest Dot-com in the World
09/10/09
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This post is a follow up to yesterday's about the early stages of the Internet bubble collapse. Meet the Dumbest Dot-com in the World is both sad and hilarious. It should make you pause before you even think about investing in a company with no revenues or an "innovative" business model that seems wa...
The Dot.con Era
09/09/09
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It may seem pretty strange that so many years after the fact, I'm sifting through the wreckage of the dot-com era for lessons. It's largely because of the Michael Lewis-edited volume, Panic. The writings in this volume are so so prescient and smart. Two pieces that I've recently read are an excerpt f...
Craigslist
09/08/09
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Over the weekend, I read this excellent profile of Craig's List by Wired writer Gary Wolf. It's amazing just how powerful the site is despite its resistance to innovation. I don't think that there is any obvious investing lesson here. It is interesting to note how the site continues to be the leader ...
You cannot invest like Harvard and Yale: Part II
09/04/09
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I wrote about this back in 2007 after I read a Smart Money article ( written by James B. Stewart) about copying the investment methods of these two endowments. I'm bringing it up again because Kiplinger's is now pushing the same naive advice. I thought that I would re-examine the idea and give it a b...
10 More Investment Mistakes
09/03/09
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Back in 2007, I wrote a post about the top 10 investing mistakes that I've made. I'm happy to admit that I've stopped making some of them, but I still make far more of them than I'd like. It's important to remember that investing is a process that involves not only learning new lessons, but re-learni...
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More about Walter Thatcher
Investment Style:
Moderate
[?]
More willing to take occasional risks while protecting assets from the risk of major losses. Portfolio is comprised mostly of solid companies with a history of consistently creating returns for investors, but includes some riskier holdings such as smallcaps, or foreign companies that will posses larger returns.
Avg exp holding time:
148.19 days
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Age:
30's
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Occupation:
wealth manager
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Location:
New York, NY
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Website:
www.stocksforallseasons.com
About Me:
The richest one percent of this country owns half our country's wealth, five trillion dollars. One th
... more
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.
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