Notes

Introduction

[1]

[2]

[3]

[1] Marketocracy.com, as of March 31, 2010.

[2] Ibid.

[3] ValueForum.com. Return is calculated by investing into the first contest entry, cashing out the positions at the end of the contest, investing the proceeds into the next contest entry, and so on.

[4] Marketocracy.com, as of March 31, 2010.

[5] Acquired by Reliance Infocom in 2004.

[6] ValueForum.com, based on Krebs's ValueForum quarterly stock-picking contest results. Calculated by investing into the first contest entry, cashing out the positions at the end of the contest, investing the proceeds into the next contest entry, and so on (as of March 31, 2010).

[7] "Do Option Sellers Have a Trading Edge?" by John Summa, CTA, Ph.D. www.investopedia.com/articles/optioninvestor/03/100103.asp?viewed51.

[8] Investopedia.com, definitions of call and put option.

[9] Barrons.com, "Pooling and Fooling," by Abraham J. Briloff, Oct. 23, 2000, http://online.barrons.com/article/SB972089231571988533.html.

[10] Marketocracy.com, as of March 31, 2010.

[11] Forbes, "Seize the Day," January 7, 2008; and "Dickensian Days," February 2, 2009, both by David Dreman.

[12] GuruFocus.com, "Wisdom from Seth Klarman," October 7, 2009.

[13] Barrons.com, "Mortgage ...

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