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Please Nominate Guru of the Year 2011
Posted by: gurufocus (IP Logged)
Date: December 7, 2011 01:27PM

The end of 2011 is near. As a tradition, we are inviting the GuruFocus community to nominate the Investment Guru of Year 2011. In the past, GuruFocus users voted Warren Buffett (2005), David Dreman (2006), Ken Heebner (2007), Prem Watsa (2008), Bruce Berkowitz (2009) and David Tepper (2010) to be the Gurus of The Year.

The process of nomination consists of two steps. In the first step, we ask our readers to nominate the candidates. Then we will set up a poll for users to vote for the investment Guru of the Year. It is a completely democratic process in which GuruFocus editors do not have control over the outcome.

Our records of nomination have been mixed. We have seen twice that our readers nominated a Guru of the Year at the peak of their Gurus’ fame, just to see their performance dither afterwards. For instance, Ken Heebner was voted the Investment Guru of the Year 2007 after his fund gained 80%. Then he gave back all of his gains and some more in 2008. Bruce Berkowitz was named Investment Guru of the Year for 2009. He continued to do well in 2010. But 2011 has been a disastrous year for him. He has since lost more than half of his fund assets to poor performances and redemptions.

We are lucky that we did not nominate John Paulson for 2010. His loss of 45% so far in 2011 has been reported everywhere in the media.

Does it mean that our readers made bad choices and Ken Heebner and Bruce Berkowitz are not good investors at all? We don’t think so. These two investors are still at the very top among all fund managers if you look at the performances of the past 10 years. We just give up completely on a good investor just because he had a bad year. Even Charlie Munger had two consecutive years of losing 31% in 1973 and in 1974. The combined loss was more than 50% for the two years.

The stock market has been tough for many investors this year, although the market itself is almost flat. More than 75% of fund managers have lost money this year, according to Barron’s. But we have seen many investors continue to do well. For instance, David Einhorn made a fortune (and fame) with his short position of Green Mountain Coffee (GMCR). Concentrated in high-quality large caps such as PepsiCo (PEP) and Cisco (CSCO), Don Yacktman’s funds continue to outperform. Our permanent Gurus Warren Buffett and Prem Watsa poured money into banks while it seems that no one wants them.

Please nominate your Investment Guru of the Year 2011 below.




Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
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Rating: 2.4/5 (9 votes)



Re Please Nominate Guru of Year 2011
Posted by: superguru (IP Logged)
Date: December 7, 2011 01:49PM




Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: yams4112 (IP Logged)
Date: December 7, 2011 02:59PM

kyle bass




Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: ecotycoon (IP Logged)
Date: December 7, 2011 03:05PM


Prem watsa



Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: KJHValue (IP Logged)
Date: December 7, 2011 04:15PM

Buffett... cliche' answer, but he makes smart investments and continues to capitalize on fear in the market. Long term approach.



Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: yswolinsky (IP Logged)
Date: December 7, 2011 04:44PM

Ray Dalio is up 25% this yr.



Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: tonyg34 (IP Logged)
Date: December 8, 2011 04:14AM

If you're judging by long term performance punctuated by this years performance I would go with the management team at

Sequoia Fund (SEQUX)

Up about 12% or so this year and a proven long term winner.



Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: SharadDhingra (IP Logged)
Date: December 8, 2011 09:57AM

Prem Watsa: I believe he is very well positioned well for a completely deflationary period, while acquiring assets if a global recovery does actually happen. He continues to do well against the market.




Just for fun, I think next year is Leucadia's year - the recent additional purchases of Jefferies will prove to be shrewd investments indeed.

PS: As a long-term follower of gurufocus, are you not concerned with adding some "gurus" with very short term perfomance timeframes, or who had one or two blowout years followed by many "ho-hum" years?



Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: jamllc (IP Logged)
Date: December 8, 2011 01:42PM




Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Please Nominate Guru of the Year 2011
Posted by: Adib Motiwala (IP Logged)
Date: December 8, 2011 02:28PM

Donald Yacktman.

It would be good to look at the nominees 5 and 10 year track records and then their record in 2008,2009 and 2010.




Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Ken Heebner: Current Portfolio, Stock Picks
Stocks Discussed: GMCR, PEP, CSCO,
Rate this post:

Rating: 0.0/5 (0 votes)



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