A few other factoids and performance figures on the year that wasn't.
Hedge Funds- in aggregate data through November, 2011, multi-strategy hedge funds had lost 4.7% for the year. {Source Goldman Sachs Investment Outlook-page 33, data supplied by Investment Strategy Group, Barclay's Capital}.
Mutual Funds- CNBC reported on Friday that 48% of portfolios missed their benchmarks by over 2 1/2% or 250 basis points in 2011.
Berkshire Hathaway- {Warren Buffet's holding company as measured by the A shares} lost 4.72% in 2011.
General Electric- on a price basis lost 1.53% in 2011.
*Long shares of GE for certain clients in portfolios, Berkshire Hathaway is a component of various ETFs we own for clients and personally.
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