Being Accountable - Part 1

by Wayne Ferbert on March 6th, 2013

Between our blogs, our television appearances, and our radio appearances, we made many predictions and several investment calls that we thought made sense in 2012. Well, with two months gone by in 2013, now seems like a good time to review our 2013 calls. We call this “Being Accountable”.
 
One of our favorite bloggers is Barry Ritholtz of The Big Picture blog. He makes a big deal out of his year-end review and on being accountable for the bad picks as well as the good picks. We agree with Barry that you need to be accountable – though we think more people are accountable given the digital record exists to hold pundits accountable for their picks. (Sidenote: I like Barry’s work a lot – but I think he is patting himself on the back a little bit for just doing the right thing.)
 
Here goes our attempt. Since we made many calls during the year, we will split the year in half and examine the calls we made between January 1st 2012 and June 30th 2012. Then, in part 2 tomorrow, we will examine the calls we made in the 2nd half of the year.
I’ll be honest – I am gonna pat me and my co-blogger on this performance. We made a lot more good calls than bad calls. And the good calls were much more likely to be a core part of the portfolio – versus a one-off trade idea.

We don't deserve a pat on the back for disclosing it - just for doing well.
 
For full disclosure, here are a few calls we made that were neither good or bad
  • Technology kept pace with S&P 500 for the full year – but didn’t beat it out
  • Recommended Retail ETF at end of May for 4 month trade – but just kept up with market.
  • Called out healthcare as an under-performer for rest of year – while we were right, it was flat, so was the market. 


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