300 basis points of outperformance in 2007!!!!!
Pretty cool but its not nearly as much as it should be -- 3 stocks -- some of my biggest positions -- UEPS, TSRA and DFR are down for the year -- some double digits and some as much as 40%. That is creating a huge drag on the secular value investor's portfolio!
But today's thought is that the last time the portfolio had reached that level of outperformance was during July right near the peak of the market....hmmm.......
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