Fun: Friday Funny

[Gator]

I know most longs have had a good week and don't need a chuckle, however I thought the following was funny.

Fund managerWhitney Tilsonand his partners added 11 new stocks to his portfolio of 40 stocks in the third quarter, the largest of which are: Air Products & Chemicals (APD), Google Inc. (GOOG), Belo Corporation (BLC), rue21 Inc. (RUE) and SAExploration Holdings Inc. (SAEX). According to a message from Whitney Tilson himself, of the top 5 new buys, only one is his: APD.

Tilson's long portfolio at his hedge fund Kase Capital is valued at $63 million, and has its top weighting at 32.6% in the financial services sector, followed by consumer cyclical at 24.8% and real estate at 11.1%. His quarter-over-quarter turnover was 26%.

Tilson's investing style is classic Graham-Dodd-Buffett. Kase Capital declined 2.3% for the quarter and gained 6.3% year to date, versus gains of 5.2% and 19.8%, respectively, for the S&P 500.

[Palm]

That is the best joke we've had posted here in quite a while. I note that his last "biggest short" LRN is gradually recovering in pps after he blasted them, then soon after was introduced to their CEO who wanted to know why Whitney hadn't come to him. Once they had a chance to talk Whitney was even surprised that the guy was able to answer some of his questions/concerns. Of course it was still a short for him. He couldn't back off after only just a few short days.