Investoid

Larry MacDonald from Canadian Business has wrote an article on “Lazy Active Portfolios”. I appreciate the mention of my article on the subject and the use of the term I coined a couple of months back. I suggest you take a look at the article, as it’s full of good information on how to construct market-beating active portfolios based on the efforts of the best in the business. He also mentions on his blog how Stockpickr is an excellent resource for evaluating US-listed companies.

I have one additional comment to Larry’s article - be aware of the quality and how up to date the information you’re gleaning from the pros is. Typically most pros are in a regulatory environment where they have to provide public updates quarterly, but for some funds and private investors, the period can be longer or even non-existent. So it’s important to know where the source of the information is coming from, be it EDGAR, news reports or elsewhere. If the information is from published public reports, determine reliable news sources that you can use to track what movements the pros are making in between reporting periods. You don’t want to be stuck with the best investment Buffet had last year.