Average Guy Investing

Mark Sellers’ hedge fund, Sellers Capital Managment, is soliciting shareholders of Premier Exhibitions (PRXI) to elect new directors.

http://biz.yahoo.com/prnews/081218/ny53578.html?.v=2

Strangely enough, this apprears to be part of Sellers’ two year plan to sell off his fund and get out of the business.  The link below reports on Sellers’ past performance and his reasons for closing the hedge fund.

http://seekingalpha.com/article/99443-quitting-the-hedge-fund-game-mark-sellers

Ironically, Sellers says in a lecture given at the Harvard Business School that value investing in general and the ability to compound at 20% per year is hard wired in your brain at 11 or 12 years of age and that if you don’t have it you can’t get it. (see link below). I am not sure I agree with Mark on this point, but either way, it looks like he does not have it.

http://www.beearly.com/pdfFiles/Sellers24102004.pdf