Following the Smart Money
Over the next few days, one of my favorite investing events take place: The release of money manager 13F filings, which reveal what investment actions they took during the 2012 fourth quarter. The U.S. stock market is near an all-time high and good ideas are hard to come by (as they should be, if you are a price-conscious, value-seeking investor) so piggybacking on the shoulders of some great investors is not a bad strategy to follow.
To be sure, the Securities and Exchange Commission (SEC) requires that 13Fs be filed 45 days after the end of the quarter so most filings will come out at the end of this week. However, some 13Fs start trickling out earlier, so I will devote a couple of columns over the course of the next week or so to highlight some of my favorite investors....392 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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