In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

Lessons From a Stock Pick That Gained 5,200%

By Andrew Feinberg

JewishWorldReview.com | I never thought I'd own a stock that appreciated 50-fold. Until I decided to write this column, I kept mum about my coup. I didn't want to brag, sell the shares or visit a Ferrari showroom. I had no worries that my 50-bagger would shrivel to a measly ten-bagger, or, even worse, a no-bagger due to greed, neglect or both. To my surprise, despite the stock's amazing rise in just five years, holding on to it didn't make me anxious at all.

The stock is Howard Hughes Corp. (symbol HHC), which was spun off from General Growth Properties (GGP) in 2010. I bought shares of General Growth in May 2009 at $1.25 apiece while the company was in bankruptcy reorganization. I sold them two years later for $16.25, making it a 13-bagger. But I held on to most of my initial Hughes shares and, in fact, bought more at the time of the spinoff. Both were good moves. The stock, which closed at $143 on April 30, has quadrupled since the spinoff. In sum, my gain on General Growth plus the value of my Hughes shares equal 52 times what I paid for the former. Today, Hughes accounts for 8.4% of my hedge fund's assets and 14.2% of my personal accounts.

Perhaps the most important lesson from my 50-bagger is that it's crucial to have a good sense of a company's value. That helps steady my nerves when stocks plunge, as they invariably do. Occasional nose-dives in Howard Hughes shares haven't exactly made me happy, but they haven't ruffled me, either. (Alas, as a hedge-fund manager, I'm often very ruffled. I yearn to have Warren Buffett's calm, but I don't.)

The value of Howard Hughes lies in terrific real estate assets it owns in Honolulu, New York City, Houston, Las Vegas and Columbia, Md. Even before the company finishes upgrading the mall at New York's South Street Seaport, the neighborhood is being touted as one of the hottest places in town. I think Hughes is worth at least $200 per share today, and it will probably be worth $250 by the end of 2015. Over the ensuing five years, the company's value could continue to grow at double-digit percentage rates. Its management is excellent and creative. The CEO, the chairman and a director have increased their stakes in the past year; no insiders are selling. If the stock were to fall to $100, I'd buy more.

Now, if Howard Hughes were a tech stock, I wouldn't be so sanguine. You can't be mellow with tech. Competition and the risk of obsolescence are daily worries. Property prices can implode, too, but over time real estate has proved to be a good store of value.


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My equanimity about Hughes has made me want to roll better with Wall Street's punches. So I reviewed my fund's portfolio and concluded that 82% of my assets are in stocks so undervalued that they should inspire a Buddha-like calm. The remaining assets are in companies with favorable potential returns relative to their risks, although the stocks could cause a lot of grief if my thesis turns out to be wrong.

Other key takeaways. First, the Wall Street adage that "pigs get slaughtered" shouldn't drive your decision-making. Sure, greed can be bad. But it isn't greed that has kept me in Hughes. It's the belief that the stock is still a terrific bargain. Second, with value stocks, it's dumb to use stop-loss orders, which trigger automatic sales once a share price falls to a preset level. They can shake you out of a stock at precisely the wrong time. A stop-loss order can be costly if it gets you out of a big future winner prematurely.

I have no price target for Howard Hughes. What will I do if it becomes a 100-bagger? I'll sell at least one share so I can say to my future grandchildren that, once upon a time, I bagged a really big one. And then I'll calmly keep the rest of the shares or sell them, depending on what I think the company is actually worth.

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Andrew Feinberg, a Contributing Columnist at Kiplinger's Personal Finance, manages a New York City-based hedge fund called CJA Partners .

All contents copyright 2013 The Kiplinger Washington Editors, Inc. Distributed by Tribune Content Agency, LLC