Thanks for the title. Greenblatt is a smart investor. My last...

Thanks for the title. Greenblatt is a smart investor. My last post wasn't suggesting that investing theory is useless, rather the real money has had a bigger psychological impact on me personally. Without a doubt the biggest drag on my performance has come from selling winners. Companies like RMD, MAQ and UWL cause feelings of sickness and dread when I look at what has happened to the share price. Luckily our tax system has locked me into a number of winners and helped cut some losers.

Agree with the spinoff assessment, but as you said, EDV looks fairly priced. No doubt this is a quality retailer that has a great chance of continued earnings growth.