Mad Money Machine

by Paul Douglas Boyer

MMM-094: GURUS gone GA GA

Gurus, gurus, gurus! Boglehead contest. Amazon Kindle. MMM Public Lazy Portfolio Smackdown results! Step 1 Quiz.

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The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com.   MMM-094

Topics in this week’s show include:

“The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.”

Benjamin Graham, The Intelligent Investor, 1949 as quoted in John Bogle’s The Little Book of Common Sense Investing

  • Two out of ten predictions already realized:
    • Commodities prices are in vogue
    • Ron Paul did better (but then worse) than expected
  • Boglehead Contest: Predict the close of the S&P 500 ( I said 1393.65, which was a 5% drop from the price on the day I made the prediction. I was thinking that the market would drop sharply in the first half of the year then rebound, but not quite back to even.)
  • The Tool this week is like an iPod for books, PDFs, and the web. Here is a place to get free books.

  • Lazy Portfolio Smackdown results: I’m too lazy to compute them (Yahoo historical quotes isn’t factoring in December dividends yet.)
  • Results of the Mad Money Machine PUBLIC Portfolio Smackdown. The average of all stock pickers was 5.3%. The VTI was up 5.3%.
  • The Step 1 Quiz
  • Our Guru this week talks about the broken window.
  • BONUS GURU! Talks about Momentum investing and he is not whom you would expect!
  • DOUBLE BONUS GURU!! talks about 4 other ETF asset classes
  • Be sure and check out the latest EconTalk podcast about Edward Castronova on the Exodus to the Virtual World

Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
Runaway Train – Under Feather

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Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763

 

Fri, January 11 2008 » Podcasts

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