Member Mark M. wrote this morning, “You are doing a great job and the site has gotten even better. Those calls in September and then again in March were pure genius. I don’t think you are getting enough recognition for those.”
I answered by saying it probably has something to do with not having gray hair and/or a beard.
Case in point: Barry Ritholtz [VIDEO] and Dennis Gartman [VIDEO] were both on Fast Money yesterday. That got me thinking.
Not long ago, I attended the roadshow for the Horizons AlphaPro Gartman Fund. The chicken was quite nice with demi-glace, on a bed of wild rice and broccoli rabe. The dessert would have to wait a few months because as we all know, the proof of the pudding is in the eating.
Horizons AlphaPro Gartman Fund
This is what it looks like so far. Yellow is Gartman. Pink is the S&P 500 Index.

Managed S&P/TSX 60 ETF
AlphaPro also offers the Managed S&P/TSX 60 ETF. Ron Meisels, the Canadian guru of Phases & Cycles Inc. is the manager.

Yellow is Meisels. Pink is the actual S&P/TSX 60 Index.
The RevenueShares Navellier Overall A-100
Then there is Louis Navallier, billed as the greatest stock picker. How is his ETF doing so far? Yellow is Navellier. Pink is the Russell 2000 Index.

Seems to me Barry is the smartest one, by not having a public fund. He’s way better off with, “It depends upon what the market offers us; If we remain range-bound, it will be difficult to put up great numbers without a lot of leverage or a lot of risk (or both), and we don’t do that. We do particularly well, however, in major dislocations or strong rallies. What we want is irrelevant; Its what we can reasonably do while still managing risk, and not overleveraging. Our goal is to outperform the S&P500 with less risk, and in the event the SPX is negative, still have positive expectancy (i.e., be up when the indices are down).”