Tuesday, January 1, 2013

2012 Year Summary

Well it pretty much sucked... -12.56%

By comparison, it get's worse:


So what happened?   I did not have many big winners. There were relatively few big losers although, I got beat up by some legacy losses early in the year.

I got busy with other commitments and went largely to cash in June 2012, which is where the indices really started to pick up steam.  In other words, my underperformance owes much to nonperformance.