NormR Posted February 12, 2009 Share Posted February 12, 2009 Y'all might be interested in Vito Maida who I've been following for a long time. He's been 80%+ in cash for years. But he recently started buying more vigorously. Patient Capital Patient Capital Letters Article: Patience pays off Link to comment Share on other sites More sharing options...
Daniel Posted February 19, 2009 Share Posted February 19, 2009 This group may also be interested to know that Vito Maida spent a few years working alongside Prem Watsa and others at Hamblin Watsa Investment Cousel, the licensed firm that manages money for Fairfax. Vito was loading up on Canadian resource stocks in 1998 - at the time a very unpopular move but a good one. And even in 2002/03 when many were calling a bottom, he was cautious. So, the fact that he's starting to buy is a big deal. Link to comment Share on other sites More sharing options...
frog03 Posted June 1, 2009 Share Posted June 1, 2009 Any idea to find out what he has been buying? Disclosures on sedar or somewhere else? thanks Link to comment Share on other sites More sharing options...
claphands22 Posted June 1, 2009 Share Posted June 1, 2009 I've been waiting for Maida to update his online newsletter for ages. He has an amazing personality, if you read his recent 03/09 letter, he has averaged 3.3 investment decisions a year for he past nine years. It takes a remarkable amount of discipline to do this. Big congrats to Maida. Link to comment Share on other sites More sharing options...
frog03 Posted June 1, 2009 Share Posted June 1, 2009 Yes, I had read his newsletter thanks but was wondering about the actual picks. No question that his discipline appears second to none, he would even be ahead of Buffett in this department! Link to comment Share on other sites More sharing options...
NormR Posted June 1, 2009 Author Share Posted June 1, 2009 Yes, I had read his newsletter thanks but was wondering about the actual picks. He runs a hedge fund in Canada and doesn't disclose holding. Link to comment Share on other sites More sharing options...
netnet Posted June 1, 2009 Share Posted June 1, 2009 Thanks for posting about Maida. I for one had never heard of him. He really hit the cover off the ball! From his newsletter: March 31, 2000 to April 30, 2009 % of Securities Outperforming Benchmark 80.00% Average Outperformance Relative to Benchmark 83.62% Mean Outperformance Relative to Benchmark 30.01% (this is before fees and I'm not sure whether the benchmark is S&P or the TSX) Link to comment Share on other sites More sharing options...
Guest kawikaho Posted June 1, 2009 Share Posted June 1, 2009 I have contacted PCM before. Their performance is decent, but not great. They sidestep the last two major blowups, but their performance for the past 9 years is just a bit better than 5% CAGR. I think even after the recent blow up, Sprott has much better performance. I like Sitka Pacific. Link to comment Share on other sites More sharing options...
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