Interview with Stock Competition Winner
By Jeremy C. Wright | Related entries in Stock CompetitionI sat down earlier today with winnerinwashington17, the winner of our recent stock competition (he beat my poor butt by more than 400,000$).
How do you feel after your victory?
After a couple of stress-free weeks into the competition, I had to battle it out with the runner-up in the final week of the competition. Now, I’m relieved I will not lose any more hair strands.
Was there any particular strategy you used to achieve massive (nearly 100%) gains in such a short period of time?
Although I admit there was some speculation involved during the final week, I do not think I deviated too much from my overall strategy of investing in businesses that are briefly out of fashion, investment speaking. Contrary to popular investment opinion, I did not believe in diversification since I base my investment decisions on my research. (Researching millions of companies to generate a “diversified� portfolio would take too much time when given only a month to maximize returns) With a little bit of luck and high-spiritedness, I was able to do as well as I did.
Are there any newsletters or websites you particularly enjoy for trading tips, stock tips, etc?
Wall Street Journal; Factiva
What is your background?
I am a rising sophomore attending the Wharton School at the University of Pennsylvania.
Who is “winnerinwashington17�?
Felix Wang
Do you have any final words for our readers?
Have fun investing and good luck.
This entry was posted on Tuesday, July 5th, 2005 and is filed under Stock Competition. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
July 7th, 2005 at 6:23 am
Have him use REAL money and we’ll really see some interesting dynamics.
July 8th, 2005 at 10:49 am
Yeah, how could he have called those stocks temporarily out of favor? They were on fire for the month he owned them. “Temporarily in favor” seems more like it.
July 9th, 2005 at 12:04 pm
I have a private portfolio, and my strategies that I used in the competition still apply. As for the “temporarily out of favor”, when I invested in those particular stocks, I felt the overall investor sentiment was not particularly optimistic concerning the future growth and other prospects of those companies. If they were “hot” or “temporarily in favor” from the time I invested in them, would I have seen the huge investment gains? Quite unlikely.
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