The Special Situations Real Money Portfolio managed by Fat Pitch Financials is a real Coverdell Educational Savings Account turned mini-hedge fund for his son. Performance to date has been 25.4% annualized rate of return and year to day the account is up 36.3%. The month of October brought a slight decline in the account and opportunities in special situations and tender offers were scarce.
Most of the literature discussing Stock Advisor recommendation Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) chairman Warren Buffett focuses on the later stages of his career. By then, he was already wealthy and making billion-dollar bets on companies like Wells Fargo.
Barry Diller's company IAC/InterActiveCorp announced that it's splitting up into 5 separate entities. These situations usually yield undervalued securities and we should take a moment to study what the new companies will be so that we may watch the situation unfold and invest carefully.
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