Barron’s Roundtable 2013 Review: Witmer, Schafer, Gabelli Win Big

Barron’s Roundtable 2013 Review: Witmer, Schafer, Gabelli Win Big

Barron’s Roundtable is a group of well-known investment professionals who get together for a roundtable investment discussion every year and share the performance of their investment portfolios publicly. According to Pundittracker, Barron’s Roundtable members have performed well historically as a group, but over the last three years the average return of roundtable members has been less than that of the S&P 500 INDEX (INDEXCBOE:SPX).

2013 Barron’s Roundtable individual results

Berkshire Hathaway Director Meryl Witmer dominated the 2013 Barron’s Roundtable, posting a stellar 60.9% return on her three-stock portfolio. Oscar Schafer and Mario Gabelli came in second and third in last year’s competition, with average portfolio returns of 37.7% and 34.7%, respectively. Felix Zulauf and Fred Hickey were at the bottom of the Barron’s Roundtable group this year. Hedge fund manager Zulauf somehow managed to post a 0.0% return for 2013, but that was a lot better performance than high tech strategist Hickey, who posted a painful -26.9% return on his 2013 roundtable portfolio. The poor performance of gold in 2H 2013 was the downfall of both Zulauf and especially Hickey.

Seth Klarman Describes His Approach In Rare Harvard Interview

Seth KlarmanIn a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More

Barron’s Roundtable group underperformed S&P 500 again in 2013

Barron’s Roundtable members as a group produced an average return of 21.2% in 2013. This is a full seven percentage points less than the 28.2% return on the S&P 500 in 2013. The 2011 and 2012 average roundtable member results were also below par at -4.9% and 10.5% respectively, failing to keep up with the S&P 500 INDEX (INDEXCBOE:SPX) both years.

Barron's roundtable S&P 500 index-2

Long-term Barron’s Roundtable member performance

It’s interesting to note that one of 2013’s two worst roundtable performers —  Zulauf —  is actually one the top performers when looked at from a historical perspective. Marc Faber comes out on top of the Barron’s roundtable group when averaging his investment performance over every year he has participated, with a very impressive 22.8% average return, outperforming the S&P over those same years by 19.7%. Zulauf comes in second overall, with an 20.2% average return and outperforming the S&P by 18.7%. Archie MacAllaster brings up the back of the pack on a long-term basis, with a 10-year average return of -1.9%, and a -1.7% return compared to the S&P 500 INDEX (INDEXCBOE:SPX) over the same years.

Barron's roundtable S&P 500 index-3

Updated on

No posts to display