Groundhog Challenge XVIII (2024)

Perspectives, by Mark Robertson, Managing Partner February 1st, 2024

---

*Go Go Groundhogs.* You (individuals and clubs) are invited to submit 5-20 stock selections to compete versus a formidable coterie of successful investors in our next year-long version of a marmot Iditarod.

Groundhog Challenge XVIII (2024)

We hold certain truths to be self-evident.

That most of us like to sleep at night.

That most of us believe in Occam’s Razor.

That “patience is genius in disguise.” — Hugh McManus

A coterie is an exclusive group who spends time together pursuing common interests.

Most of us marvel at the performance of a relatively-passive model portfolio like our Bare Naked Million

We also pay homage to a few selected Rhinos. in the role of celebrity groundhogs (Past winners have included Eddy Elfenbein, Abby Jo Cohen (Goldman Sachs), David Einhorn and Warren Buffett.) Some are included just for fun … it’s like playing against the “house.” #BeatJimCramer

Therefore, we’ll keep it simple (again) for Groundhog XVIII (2024).

Rules of Engagement

1. Enter by selecting a minimum of five (5) investments and a maximum of twenty (20) positions.

2. Participants will receive $1,000,000 in Groundhog dollars. The cool million will be divided evenly across the number of positions you decide to use. In other words, if you pick (5) stocks … we’ll divide the $1,000,000 evenly, creating a public dashboard with $200,000 each. If you submit (8) stocks, it’s $125,000 each.

3. Participants may submit entries as individuals and/or group (clubs).

4. No transactions will be permitted between February 5, 2024 and February 2, 2025.

5. Entries can be made between now and then and will be accepted until the market opens on Monday, February 5 at 9:30 AM ET.

Entries can be submitted by emailing markr@manifestinvesting.com or by posting in the “Groundhog Challenge” forum folder.

Special Consideration. We will grant an exemption (an extension) to any group (investment club) that enters the fray during the month of February.

6. Stocks under $1 not permitted.

This is a total return contest — the influence of dividends is accounted for.

Who: The few. The proud. The brave. Bring your best ideas — clubs and individuals.