Saturday, March 6, 2010

Up 19%

Dear Diary,

I'm up 19% overall on invested capital in my investment activities.

Also, I sold out my Bare Essentials position for $18.11 a share on January 28, 2010 after an expected sale of the company for $18.20 a share was announced to close by March 8, 2010. This represented a 125% gain on the original buy price months ago.

I've been reading some of Benjamin Graham's ideas on the inablilty of gold to hold its value in his book, "Storage and Stablity." Hum.

Gene