Monday, May 23, 2011
Cognac, Yogurt, and Gold? PIMCO's stock fund strategy
The story also ran on CNN money website and Yahoo Finance. Anne is now bullish on gold, yogurt, and cognac! This somewhat unorthodox strategy can be read about in detail here: http://money.cnn.com/2011/05/11/pf/anne_gudefin_pimco.fortune/
I am posting this because from an intellectual standpoint, I can respect "value investing." However, if Anne had been a silver squirrel over the last five years her annual returns would have been more like 25% than the 7% she made for MGD fund!