“Gurus” disagree with Fred Hager and give up on Rambus

Forbes.com reports that the top investors at Marketocracy have sold most of their shares of Rambus. The reason given was that Rambus shares failed to make significant gains after settling a patent infringement suit against Infineon. Read the Forbes article here.

The “gurus” at Marketocracy claim a 71% gain in their M100 portfolio since November 2001 and a 51.5% return in 2003. (I could not locate their return for 2004.) Marketocracy.com tracks more than 60,000 portfolios that are run by amateur investors.

Fred Hager of Hager Technology Research, an unabashed Rambus investor, reports that Hulbert Financial Digest ranked Fredhager.com as the #1 performing investment newsletter of 2004, up 154.8% (12 months ending November 30th). Hager was the #2 performing newsletter in 2003, up 119.8%.

Hager had annualized returns 2002-2004 of 44.5% and claims that since August 1, 1986, its Portfolios A & B have averaged 33% compounded per year. “A $10,000 investment grew to $2,300,000 in spite of a bear market during 2001 and 2002.”

Fred Hager can be found here.

You got to know when to hold ‘em . . . or know somebody who does.

Hat tip to Tiuzj for the link.