Welcome to the first issue of Smart Money Masters! As I hinted last week, my publisher and I have been working hard to revamp the format of the Alpha Investor Letter.
Smart Money Masters is replacing your Alpha Investor Letter subscription starting this week. All of the terms of your current subscription will remain in place. You may have noticed that I have been focusing more on tracking the biggest bets of Wall Street’s “smartest money.”
My three most recent recommendations have included George Soros’ top bet, Liberty Broadband (LBRDK), Bill Ackman’s #1 pick, Restaurant Brands International (QSR), and Warren Buffett’s biggest play, Kraft Heinz (KHC). These recommendations have a couple of things in common.
First, some of the best investors in the world have put both their money and reputations on the line by investing big in these positions. You can be sure that the smartest minds in finance put a lot of thought into these investments before they made them. Second, these positions aren’t household names. Chances are you hadn’t heard much about George Soros’ #1 bet, Liberty Broadband (LBRDK), before. Yet, that position is up 22.42% just since Nov. 11. Smart Money Masters’ first recommendation, Navigator Holdings Ltd. (NVGS) — billionaire investor Wilbur Ross’ top investment — follows this same approach.
Each issue of Smart Money Masters will also include some color on one of these investing greats, including a “Meet the Manager” personal profile, a discussion of the investor’s investment philosophy and other unique tidbits. I think you will enjoy it. Finally, I’ve screened all of your current Alpha Investor Letter recommendations through the new Smart Money Masters methodology. Based on this, I am recommending that you close your positions in The Walt Disney Company (DIS), Alphabet (GOOGL), Cambria Global Value ETF (GVAL), WisdomTree Emerging Markets SmallCap Dividend Index (DGS), Home Depot Inc. (HD), iShares Currency Hedged MSCI Germany (HEWG), NVIDIA Corporation (NVDA) and the Guggenheim S&P 500 Equal Weight ETF (RSP).