We believe that there are many clubs and investors having a
whole bunch of fun while learning on this journey and offer
our fifth annual contest results as Exhibit A.

Five years of our Groundhog Challenge and 58% of
participants have outperformed the Wilshire 5000 during a
period when only 33% of domestic stock fund managers can say
the same.

A year ago we celebrated the achievements of the “girls” as
Groundhog IV came down to the wire with some of our favorite
ladies from Houston to Minnesota battling for the finish
line. This year, it’s all about the groups known as
investment clubs. The group entries from clubs won the
overall championship and locked down four of the top five
positions. Our overall winner for 2011 hails from Traverse
City, Michigan — is known as the Northern Traders — and was
the subject of our Dashboards Diagnostics [monthly webcast]
last March. The individual champion for 2011 is Pittsburgh’s
own Nick Stratigos. It seems fitting that Nick should win
because (1) he’s always near the top of the standings and
(2) he can see Punxsutawney, Pennsylvania from his porch.

Our Groundhog Creed: “A group of investors heeding the
lessons of Graham, Babson and Nicholson has at least one leg
up on the crowd and a better than average opportunity to
generate exceptional returns.”

For more:
http://www.manifestinvesting.com/articles/201202cover

We also believe the relative returns achieved by bivio-based
clubs with some awareness of Manifest Investing will prove
over the long run to be superior.

Best wishes and Better Investing,

Mark Robertson