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Well, I have actually decided, odd as it is, to add two additional positions to my holdings noted in ”The Picks” post from early May. Warren Buffet says he only needs one good idea per year, which really is the truth. These two make position make numbers two and three to add to my portfolio this year but hey, the only thing I can think of better than one good idea investment idea per year is three good ideas per year :-).

Again, I reitierate my statement from earlier this year… I love these companies but they may turn out to totally suck in the long run. We’ll see but so far with them I have smashed market returns, my 401K returns, and my Chase IRA… stupid stockbrokers. Haha, just joking (again). Anyway… the picks part 2.

Volcom (VLCM) - Sells to growing market segment so many companies target……. young people. However, they are positioned around a hyper-growth market among young people, action sports. They make the clothes any action sports freak needs but, wait, what’s this? My favorite stock indicator of all… the company is run by a founder/CEO who owns a substantial stake in the business.

MDC Holdings (MDC) - This one is a no-brainer. Warren Buffet talks about his favorite investments are those where he can shoot fish in a barrel, with the water drained out. Well, has the water not been drained out of the real estate bucket? MDC is a Denver-based company that makes awful good real-estate moves, carries mcuh stronger (lower leverage) financials than everyone in the business, and has a good managment team. most importantly at the minute perhaps… the company is trading at LESS THAN BOOK VALUE. Wall street idiots and there three month outlooks have hammered thsi stock to the point where they have emptied all the water from the fish barrell in my humble opinion.

That’s it, the number 6 and number 7 stocks added to my identified companies on my blog. We’ll see what happens… I put my money on ‘em. Hope you do the same (as long as you don’t blame when you lose your ass later on).