Which Gurus To Follow

Reporting season is here. Sites that track “gurus” will be busy as ever to attract and retain readers. With so many gurus out there which ones should one pay attention to and to pay attention at all.

Gurus what gurus!?

Many “gurus” are down over 50%  and questions have risen whether certain investors should be followed at all. Among the “why” list include Mohnish Pabrai, Bill Miller, Richard Pzena and the contrarian maestro himself David Dreman. These individuals built up above average returns for years and sometimes decades, but were early to the party and have whipped out most of their investors returns.

Who would have thunk I am having a better year than David Dreman? This considering he has access to information I could only dream of and he has a much higher salary than me.

So many choices, time to narrow’em down

I follow a handful myself. As much as I would like to follow Tweedy, Browne and Co. and Ruane Cuniff, their not the same. Here is my list and why:

• Warren Buffett- Pretty obvious. To be the best, one has to learn from the best. “”If I have seen a little further, it is by standing on the shoulders of giants.”Nuff said
• Bruce Berkewitz- I find his holdings easy to understand. Most importantly, their simple. For example,  he appeared on WealthTrack stating that he finds himself driving less due to the high price of gas. That’s about the same time oil peaked
• Seth Klarman- Kind of a doble standard here, but his picks never make sense and I like trying to figure them out
• Bill Ackman - Guys awesome. Has the ability to present his thesis in a clear manner and has all the numbers to back it up. Looking forward for his presentation on target (GT), an assetplay.

The main reason I follow them is they present their investment thesis in a clear and simple manner. Sometimes they do deviate from the norm but I do not follow them blindly. Even Warren Buffett is becoming harder to follow since his picks are mixed in with Lou Simpson’s. Although, many speculate that any bets made over $1  billion dollars is a Warren Buffett pick, nothing is set in stone. So who do you follow?

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