A blog about finance and life. And some other stuff too.
samedi 6 avril 2019
Jason Del Vicario over the last year
Everybody knows Jason Del Vicario. The guy known (by himself at least), as the new Jason Donville. The guy known by me as the guy who's been saying for two or three years that we'll eventually meet in Quebec City and have a few drinks together.
I'm still waiting for that event. And I think about it often. I'm 100% heterosexual, but Vicario makes me doubt about what I really want.
So, we all know now that he doesn't do what he's supposed to do. Does he perform like we think he performs?
Here's his picks from last year (april 12th, 2018). Let's see how it's been over the last year:
Couche-Tard (ATD-B.TO): 48%
Dollarama (DOL.TO): -23%
Data Communication Management (DCM.TO): -15%
Biosyent (RX.V): -23%
Boyd Group (BYD-UN.TO): 36%
Sangoma Technologies (STC.V): 26%
Photon Control (PHO.TO): -28%
Suncor (SU.TO): -7%
Take Two Interactive (TTWO): -4%
Sleep Country (ZZZ.TO): -44%
Shopify (SHOP.TO): 71%
A lot of negative performances on that list. Some strange names too.
Average performance: 3,4% including Shopify and -3,4% without Shopify
Performance of the market over the last year: 7%
I declare the market winner over Vicario.
Like everyone on this earth, I'm influenced by the media. I take a piece here, a bit there and I figure the whole puzzle with my impressive mental skills. In that particular case, I used the website Stockhase to collect datas about Jason Del Vicario picks. That was my only tool. But Jason had some precisions to bring and they were interesting.
Well, 99% of the time, I'm right and 1% of the time, I don't have all the information to be right. Perhaps that post should be included in my 1%. But I doubt it.
Usually, when I'm wrong, it's other's people fault.
Here's Jason's answer to my post:
Interesting analysis. Being judged based on the symbols people call and ask me about on BNN is pretty arbitrary (I'm assuming you take this from Stockhouse... and they get their information from the BNN shows). I would suggest judging a PMs abilities on their track record or at the very least stocks they actually own. We don't own SU, TTWO, STC, PHO. We also own the likes of CSU, ROST, MA and such. You're not really comparing apples to apples here. Furthermore, we have a 4% weight to CSU and a 0.5% weight to DCM so taking a simple average again is useless. In short, you have no idea what we own or our weights. Lastly, you're comparing us to a 1 year time frame. We don't publish what we own for obvious reasons but if you actually want to know what we own rather the speculate based on third party information found on the web, e-mail me and I'll get you that information. I will be in QC in September; we'll grab beers then... that is if you want to... I mean I'm not very good at picking stocks so maybe it'll be a waste of your time?! Your call. Jokes aside, I look forward to finally meeting in person.