A Quantum Leap in Investment Technology Rule No. 1: Neve ver lose - PowerPoint PPT Presentation

A Quantum Leap in Investment Technology

Rule No. 1: Neve ver lose money. Rule No. 2: Don’t forget rule No. 1. --Warren Buffett

$18,000,000 $17,427,603 $17,000,000 In Portfol rtfolio io A, the manag nager er invests ts in 100 0 stocks ks per year: r: 70 increa rease e by 25%; %; 30 decli line e by -30% 0% Avera erage ge rate te of return: rn: 8.5% 5% $16,000,000 In Portfol rtfolio io B, the manager nager inves ests in 100 0 stocks cks per r year: r: 70 increa rease e by 25%; %; 25 decli line e by -24%; %; 5 increa rease e by 5% $15,036,567 $15,000,000 Avera erage ge rate te of return: rn: 11.75% 75% 5-yea ear r net differe erenc nce, e, per $10 0 milli lion on: $2,391 91,036 $14,000,000 $13,000,000 $12,000,000 $11,000,000 $10,000,000 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Portfolio A Portfolio B

Big Losers of 2011 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter AIG America rican Int'l 2/8/ 8/2011 2011 $42. 2.37 37 87 87 57 57 $20 20.07 07 0.8 0.8 -53% 3% APA Apache he 4/29 29/2 /201 011 $133.3 33.37 7 39 39 34 34 $25 25.40 40 7.7 -81% 1% CRR Carb rbo o Ceramics ics 7/25 25/2 /201 011 $180.2 80.25 100 6 $61. 1.00 0 1.3 -66% 6% CAT Cate terp rpill llar 4/29 29/2 /2011 011 $115 15.4 .41 1 67 67 23 23 $57.9 7.91 1 4.7 -50% 0% GLW Corn rnin ing 2/4/2 /2011 11 $23 23.37 37 27 27 9 $10. 0.88 8 1.8 -53% 3% DE DE Deere e & Co 4/4/20 /2011 $99 99.24 24 92 92 35 35 $61. 1.72 72 0.5 0.5 -38% 8% FCX Freepo eport-McM McMoR oRan 1/12 12/2011 2011 $60 60.92 92 80 80 55 55 $3.74 74 5.0 5.0 -94% JNPR Junip iper er Networ works ks 3/8/ 8/2011 2011 $44.46 46 84 84 61 61 $17.79 79 1.4 -60% 0% LM LM Legg g Mason on 4/27/2 7/201 011 $37.5 7.53 90 90 67 67 $22 22.38 38 1.1 -40% NTAP NetApp pp 2/11/ 11/2011 2011 $60 60.60 60 67 67 27 27 $21. 1.22 2 5.0 5.0 -65% 5% NEM Newmon ont Mining ng 11/7/ /7/2011 2011 $72. 2.13 13 21 21 25 25 $15. 5.56 6 3.8 3.8 -78% 8% OXY Occid ident ntal l Petro. o. 5/2/ 2/2011 2011 $111. 11.02 2 60 60 64 64 $65 65.78 78 0.4 0.4 -41% SHLDQ Sears Hold ldin ings gs 2/16 16/20 /2011 11 $62 62.23 23 67 67 49 49 $0.16 16 7.9 -100 00% MOS Mosaic ic 2/14/20 14/2011 11 $89 89.06 06 41 41 12 12 $19. 9.39 9 6.6 6.6 -78% 8%

Big Losers of 2012 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter CTL CTL CenturyL yLin ink 9/6/ 6/2012 2012 $42. 2.95 95 100 78 78 $11. 1.56 6 6.5 6.5 -73% 3% DLR Digit ital l Realt lty y Trust 7/30 30/2 /201 012 $78. 8.83 83 100 54 54 $45. 5.48 48 1.4 -42% EXC Exelon lon 1/3/2 3/201 012 $42. 2.07 07 42 42 45 45 $25 25.46 46 3.9 3.9 -39% 9% FAST ST Fas aste tenal al 4/2/2 /2012 12 $54.65 4.65 98 98 20 20 $38 38.3 .37 7 0.2 -30% 0% GRPN Groupon pon 2/8/ 8/2012 2012 $24.5 4.58 100 21 21 $2.63 3 0.8 0.8 -89% 9% JCP JC Penney ey 2/9/ 9/2012 2012 $43. 3.13 13 77 77 58 58 $0.97 6.9 6.9 -98% 8% NUAN Nuance ce Comms. 2/9/ 9/2012 2012 $30 30.45 45 100 77 77 $13. 3.10 0 1.8 -57% 7% TPR TPR Tapestr pestry 3/26/ 26/201 012 $79. 9.03 03 89 89 46 46 $27.4 7.44 4 3.5 3.5 -65% 5% TDC Tera radata ta 9/6/ 6/2012 2012 $80 80.62 62 99 99 67 67 $22 22.60 60 3.4 3.4 -72% 2% ZNGA Zynga ga 3/2/ 2/2012 2012 $14.69 9 100 12 12 $2.10 10 0.7 0.7 -86% 6%

Big Losers of 2013 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter CIT CIT Group 12/3 /31/2 1/201 013 $52 52.13 13 93 93 43 43 $25 25.65 65 2.1 2.1 -51% 1% DKS Dick's Sporti ting 12/3 /31/2 1/201 013 $58 58.10 10 77 77 33 33 $24.3 4.39 3.8 3.8 -58% 8% EMR Emer erson on Electri ctric 12/3 /30/2 0/201 013 $70. 0.26 26 90 90 29 29 $42. 2.29 29 2.1 2.1 -40% FOSL SL Fossil il Group 8/6/ 6/20 2013 13 $126 26.5 .55 86 86 30 30 $5.6 .67 4.3 -96% 6% IBM Int'l l Bus. Machi hines es 3/15 15/20 /2013 13 $214.9 14.92 100 75 75 $117. 17.19 19 5.7 5.7 -46% MDGL Madrig drigal l Pharma rma. 1/28/ 28/2013 2013 $14,345 45 96 96 70 70 $6.89 9 3.5 3.5 -100 00% MAT Mattel 12/3 /30/2 0/201 013 $47.82 82 90 90 43 43 $9.26 6 5 -81% 1% PCOA Pendr drell ell 7/12 12/20 /2013 13 $675, 75,000 00 93 93 43 43 $115 15,250 250 2.5 2.5 -83% 3% RL RL Ralph ph Lauren en 5/21 21/20 /2013 13 $189.5 89.56 90 90 7 $83 83.18 18 2.7 2.7 -56% 6% S Sprin int 12/2 /27/2 /2013 13 $10. 0.79 79 100 91 91 $2.45 45 2.1 2.1 -77% 77% TWTR Twit witter er 12/2 /26/2 6/201 013 $73. 3.31 31 100 15 15 $14.01 1 2.4 2.4 -81% 1%

Big Losers of 2014 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter CRR Carb rbo o Ceramics ics 7/3/2 3/2014 14 $149. 49.81 81 80 80 16 16 $2.95 5 4.5 -98% 8% CTRL Control4 l4 1/17/20 17/2014 14 $27.79 7.79 100 14 14 $6.83 3 2 -75% 5% DISH DISH Networ work 11/28 /28/2 /201 014 $79. 9.41 1 100 73 73 $23 23.98 98 4.1 -70% 0% KODK Eastm tman Kodak dak 1/8/2 8/201 014 $37.2 7.20 100 100 $2.3 .30 0 4.8 -94% XOM Exxon on Mobi bil 6/23/ 23/201 014 $104. 04.38 38 62 62 60 60 $65 65.51 51 4.5 -37% 7% FOSL SL Fossil il Group 11/12 /12/20 /2014 14 $112 12.48 48 79 79 50 50 $5.67 3 -95% 5% GPS Gap 9/4/2 /2014 14 $46. 6.59 59 83 83 44 44 $17.09 9 1.7 -63% 3% HOG Harle rley-David idson on 4/30 30/2 /201 014 $73. 3.94 94 58 58 29 29 $31. 1.91 1 4.7 -57% 7% HTZ Hertz tz Glob obal 2/27/2 27/201 014 $115 15.01 01 100 71 71 $8.70 70 3.3 3.3 -92% 2% MRO Marat ratho hon Oil 8/29/ 29/201 014 $41.69 9 52 52 50 50 $6.73 73 1.5 -84% MAXR Maxar Tech 12/3 /31/2 1/201 014 $81. 1.74 74 100 90 90 $4.92 92 4.1 -94% ORCL Ora racle le 12/2 /23/2 3/201 014 $46. 6.01 01 91 91 69 69 $33 33.94 94 1.1 -26% 6% RAD Rite te Aid 6/4/2 /2014 14 $8.50 0 100 66 66 $0.71 71 4.8 -92% 2% SLB Schlumberger er 6/27/2 27/201 014 $117. 17.80 80 63 63 16 16 $35 35.19 19 4.5 -70% 0% VIA Viacom com 3/10 10/20 /2014 14 $88 88.94 94 100 82 82 $27.6 7.67 7 4.8 -69% 9% VMW Vmwa ware 4/1/2 /201 014 $111. 11.80 0 93 93 63 63 $43. 3.84 84 1.9 -61% 1% WYNN NN Wynn Resor orts 3/4/2 /2014 14 $247 47.95 5 98 98 75 75 $51. 1.71 71 1.6 -79% 9%

Big Losers of 2015 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter AGN Aller erga gan PLC 7/28 28/2 /201 015 $33 339. 9.50 0 100 82 82 $129.8 29.82 3.4 3.4 -62% 2% BHC Bausch h Healt lth 8/4/2 /2015 15 $25 259. 9.98 8 100 80 80 $8.51 1 1.7 -97% 7% BBBY Bed Bath & B Beyo yond nd 4/8/2 /2015 15 $77.68 68 87 87 51 51 $10. 0.62 2 3.7 3.7 -86% 6% CVS CVS Healt lth 7/29 29/2 /201 015 $113 13.45 .45 98 98 66 66 $52 52.3 .36 3.6 -54% DBD Diebol bold d Nixdor dorf 11/6/ /6/2015 2015 $37.6 7.60 95 95 69 69 $2.49 49 3.2 3.2 -93% 3% FIT FitBit it 8/5/ 5/2015 2015 $51. 1.64 100 9 $4.33 33 3.2 3.2 -92% 2% HAIN Hain n Celestia ial 8/3/ 3/2015 2015 $67.6 7.68 97 97 63 63 $15. 5.49 49 3.4 3.4 -77% 77% LB LB L Brand nds 11/4 /4/2 /2015 15 $100.2 00.22 100 69 69 $24.5 4.59 3.1 3.1 -76% 6% SHLDQ Sears Hold ldin ings gs 5/28/ 28/201 015 $44.31 31 100 87 87 $0.16 16 3.6 3.6 -100 00% TEVA Teva Pharma. rma. 7/27/2 7/201 015 $72. 2.00 00 100 92 92 $11. 1.78 78 2.3 2.3 -84%

Big Losers of 2016 Date te at Price ice Fin. Years rs Symbol bol Company High Price ice Low w Price ce Loss High Risk Risk Later ter BBBY Bed Bath & B Beyo yond nd 3/7/20 7/2016 16 $52 52.09 09 74 74 64 64 $10. 0.62 2 2.8 2.8 -80% 0% GME GME GameStop top Corp rp 4/27/2 7/201 016 $33 33.38 38 80 80 80 80 $10. 0.97 2.9 2.9 -67% 7% GE GE General ral Electric ctric 7/19 19/20 /2016 16 $32 32.93 93 97 97 70 70 $6.71 71 2.4 2.4 -80% 0% HTZ Hertz tz Glob obal al 7/26 26/2 /201 016 $52 52.6 .61 1 100 76 76 $8.70 .70 0.9 -84% LB LB L Brand nds 1/1/2 1/201 016 $95 95.82 82 100 73 73 $24.5 4.59 3.0 3.0 -74% LCI Lannet ett 1/1/2 1/201 016 $40. 0.12 12 100 84 84 $3.43 43 2.8 2.8 -91% 1% LC LC Lendin ingClu gClub 1/1/2 1/201 016 $11. 1.05 5 92 92 46 46 $2.54 3.0 3.0 -77% 77% MAT Mattel 4/1/2 /201 016 $34.2 4.26 98 98 66 66 $9.26 6 2.7 2.7 -73% 3% PRGO Perr rrig igo 1/26/ 26/2016 2016 $148. 48.94 94 100 84 84 $36 36.50 50 2.9 2.9 -75% 5% PBI Pitney ey Bowes wes 4/18/ 8/2016 2016 $21. 1.70 70 100 72 72 $5.66 6 2.7 2.7 -74% RRC Range ge Resou ource ces 6/21 21/20 /2016 16 $46. 6.45 45 93 93 65 65 $10. 0.23 3 2.7 2.7 -78% 8% TEVA Teva Pharma rma. 1/1/2 1/201 016 $65 65.64 64 94 94 42 42 $11. 1.23 3 1.8 -83% 3%