I’m heading out to run a few errands, which will cost me about $10,000. I am up more than 2% today, which is nice; but I am still mad. I think it’s a genetic disposition of mine to be in a constant state of belligerency. It it’s not the markets, it’s something else. Most of the time, I take my fury out on you, the simple reader.
Now for some substance. I will forgo new ideas, since I am fully invested. At the moment, I built a portfolio around two stocks: KMB and ESRX. They are large(d) cap and trending higher. Everyone needs toilet tissue and drugs. Those two stocks represent more than 25% of my assets. Other 10% positions include DDD, OSG, JIVE and PPC. Five percent positions include ULTA, IDTI, SVU and NAK.
I am positioned for stability and growth. My guess, this blend of madness will produce a beta of 2.00 on up days and 0.75 on down. Both ESRX and KMB tend to outperform the market on down days.
It is an exhibition, if you will, of mathematical precision–winship by any means necessary.