Mike Wilson has a "great" record, start at the second paragraph (https://fd1000.freeforums.net/post/21)

It’s really hard to listen to these guys when they jump around like this. So we should jump into the SPY for a 2.5% rally?? It’s kind of a silly call.

We're down 1.6 on the SPX right now, so after this 'major crash' I'm sure the pundits are saying it's time to start buying, right? *growls*

There is always risk. The question is are you being rewarded enough for taking it? Unlike Russia, China's economy is so intertwined with ours, it is virtually impossible to avoid completely, even if you want to. Here's one example: https://investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

China has steadily accumulated U.S. Treasury securities over the last few decades. In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt. U.S. debt to China comes mainly in the form of U.S. Treasury securities (bonds issued by the federal government).

To me, the idea, pushed by some politicians here, that we can just de-couple from China completely, without dire consequences, is absurd.

"Previous charge" makes it sound like Samra was a fund manager (even if not the lead) on OAKIX. No question about ARTKX doing better than OAKIX, just about what Samra was actually charged with at Harris.
It's true that he worked in Harris' international group, but that's as much responsibility as Sama was charged with. His name doesn't appear in any Oakmark prospectus (based on spot checking) in his Harris years of 1997-2002.
One does find statements that he worked as a portfolio manager at Harris, e.g.

Prior to joining Artisan Partners in May 2002, Mr. Samra was a portfolio manager and a senior analyst in international equities at Harris Associates LP, from August 1997 through May 2002.

https://www.artisancanvas.com/?filter=tag+eq+artisan-canvas:authors/david-samra
Though what Samra himself says is:

I worked in the international group there with a very famous value investor, David Herro, who still operates the Oakmark International, Oakmark International Small Cap Fund. And I worked there for five years and left there in 2002. By then I had had almost 10 years worth of experience as an analyst and decided that like to try employing my own philosophy, and I found a terrific home here at Artisan. We launched the International Value Fund in 2002.

https://mebfaber.com/2020/04/29/episode-216-david-samra-the-primary-driver-of-our-behavior-is-finding-a-company-that-trades-at-a-discount-to-intrinsic-value/
At least he was a whole lot closer to being responsible for a fund than Santos got to working at Goldman Sachs. For all we know, Santos was just a copyboy for a company (LinkBridge Investors) that in turn did business with GS.
https://people.com/politics/fact-checking-the-george-santos-claims-from-goldman-sachs-employee-to-college-volleyball-star/
Side note: curiously, there appears to be a Jorge Santos who is a VP at GS. Scroll down to #46 in this Yahoo piece.
https://www.yahoo.com/video/the-e-mpower-top-50-future-ethnic-minority-leaders-2019-230100555.html

”Magic Investing Eight-Ball says ....”
Nice. :) ….. Wilson was featured during the pre-market hours on Bloomberg TV today.

@catch22, 360 CD deal looks OK to me (5% for 11-mo CD) - as can you see from the rate schedule, it is a promotional offer as the rate for 11-mo sticks out. I also looked at "Read Disclosures" at the bottom, and didn't see any catch. It may be hoping that once people open an account, they will keep it open. BTW, 5% for 12-mo CD is common and for those, it has 4.15%.
I only have 360 Performance Savings that is offering 3.40% (low; the best national rate is much higher). This a/c is linked for some bank transfers I do, so I keep just enough for that purpose.
My irritation has been that its promos are geared towards new a/c.
https://www.capitalone.com/bank/cds/online-cds/

Hi @yogibearbull
You noted previous in this thread regarding Capital One CD offers. I was contacted by an in-law today about the Capital One, 5% APY, 11 month CD, "360 Performance Saving", on line offer. Is there anything, hidden in the fine print, for a new customer as to having to maintain an account, if they choose to take the monies from the CD after it matures? I ask, as I've seen offers requiring to maintain an account with bill pay and such.
You mentioned: FWIW, I have Capital One a/c. But what I don't like is that it keeps coming up with new a/c with higher yields ("360 Performance Saving" is the latest) and leaves legacy savings at low levels (they exist but not even shown on the website).
Thank you,
Catch

Since you asked :-) ...
I'm not sure this is more arcane, but it's certainly in the running:

The special rules described on this page may convert some or all of your short-term loss into long-term loss — or into a nondeductible loss — when you sell shares held six months or less after receiving certain kinds of dividends.

Kaye Thomas goes on to give a clear explanation, even adding an exception where these rules don't apply to a sale within six months of a purchase.
Then there's this one, for treating fund dividends as qualified:

All of the following requirements must be met:

• The fund must have held the security unhedged for at least 61 days out of the 121-day period that began 60 days before the security’s ex-dividend date. (The ex-dividend date is the date after the dividend has been paid and processed and any new buyers would be eligible for future dividends.)
• For certain preferred stock, the security must be held for 91 days out of the 181-day period, beginning 90 days before the ex-dividend date. The amount received by the fund from that dividend-generating security must have been subsequently distributed to you.
• You must have held the applicable share of the fund for at least 61 days out of the 121-day period that began 60 days before the fund’s ex-dividend date.

https://www.fidelity.com/tax-information/tax-topics/qualified-dividends

@msf: I continue to be befuddled by M*'s romance with Harris, Oakmark, Herro, and Nygren. Does M* have no way to send these underperforming hurlers to the showers?

Oakmark and Oakmark International have generated good long-term returns albeit with plenty of volatility.
OAKMX trailing 10 Yr. and 15 Yr. returns (through 02/28/23) beat 98% of funds in the Large Value category.
OAKIX trailing 10 Yr. returns and 15 Yr. returns beat 77% and 99% of Foreign Large Value funds respectively.
Since both funds are very volatile, investors may find them difficult to hold long-term.

Morningstar also named Bruce Berkowitz (Fairholme) fund manager of the decade in 2010. From Morningstar website today, FAIRX trailing returns: 10 year 5.83%, 15 year 5.25% (vs. SPY 10 year 12.34% and 15 year 9.8%). I can't remember when Morningstar started negative or neutral rating on FAIRX but it wasn't till 2013 maybe. Somehow, I didn't (and I still don't) get the memo that index funds are the way to go.

+1.

Credit Suisse has reached an agreement with the [current] owner of the First Boston brand to use the name for its new investment bank spinoff ...
Credit Suisse took over First Boston in 1998 after forming a joint venture with the bank in 1978.
Following the takeover, the Swiss bank continued to run its investment banking activities in New York under the brand name of Credit Suisse First Boston until 2005.
...Credit Suisse was considering an option to reintroduce the First Boston brand ...

https://www.privatebankerinternational.com/news/credit-suisse-first-boston-2/

"Shares of Credit Suisse have erased about 95% of their value since the summer of 2007 after years of scandals and losses."
You mean there was a towel left to throw in?
With the exception of Mass Mutual Overseas fund (rated 3* or 4* depending on share class), all of the nine funds co-managed by Herro are rated 2* or 1*. Those include his flagship OAKIX and its clone NOIAX, both rated 1*.
Still, M* analysts rate those two funds "gold". And "Morningstar named [Herro] International- Stock Fund Manager of the Year for 2006 and again for 2016, and also International- Stock Fund Manager of the Decade for 2000–09."
https://www.morningstar.com/articles/812708/10-questions-with-david-herro
Continuing from that 2017 M* page:

How do you handle the scrutiny that comes with being such a large shareholder in controversial names such as Credit Suisse CSGN: CH?
You stay focused on doing what is best for your clients, which means pushing managements to stay focused on long-term value creation.

Keeping your eye on the ball doesn't help when the ball keeps bouncing lower and lower.

Mark Mobius, in a Fox News interview discussing in Fortune, claims that China doesn't want to let him move his money out of the country.

Mobius, founder of Mobius Capital Partners, has been a longtime booster of Chinese equities, yet revealed why he’d changed his mind ...
The investor revealed that he had funds trapped in an account with HSBC in Shanghai. “I can’t get my money out. The government is restricting the flow of money out of the country,” he said.
Mobius continued that the Chinese government was “putting all kinds of barriers” in his way. “They don’t say, ‘No, you can’t get your money out,’ but they say, ‘Give us all the records from 20 years of how you’ve made this money,’ and so forth. It’s crazy.”

We've written about both successful EM funds with low China exposure (2021) and funds that, by prospectus, exclude China (2023).
By coincidence, China's premier stepped down yesterday after 10 years in office. His departure was described as "marking a shift away from the skilled technocrats who have helped steer the world’s second-biggest economy in favor of officials known mainly for their unquestioned loyalty" to Xi (AP, 3/5/23).
Both of the Seafarer funds are China-light, about 9% weight against a peer average of 28%. My other EM fund, Grandeur Peak, is about 11% China.
For what caution it suggests,
David

He sees next resistance at 4150, about 2.5% higher than Friday's close.
“We believe it does not refute the very poor risk reward currently offered by many stocks given valuations and earnings forecasts that remain way too high, in our view.”
.

Morgan Stanley's (MS) strategist Mike Wilson has been among the most bearish strategists. It is a tough life for bearish strategists on the Wall Street. Firms' sales teams can't make much money if their strategists are downright bearish. So, eventually, such analysts are either proven right, or are fired.
This is why MS Mike Wilson has been in the news so much.
But now he is flipping! He is still bearish but says that this rally has room to run, and then collapse.
Twitter LINK cites Bloomberg but that is behind paywall.

Thanks, @Crash, I'd fogotten about RY this week. One of the guests made a pitch for shorter duration corporates barbelled with the 10y Treasury. Interesting, but not for moi when 6m and 1y Ts are paying 5%. If 2y or 3y Treasuries cross 5%, I'll be in with a lot more than spare change.

Word up! :)
I'm in (TIPs) SCHP. Duration average is 6.59. playing the middle, but leaning into longer durations.....12-month yield currently: 6.93%. Yes, a fund is not the same as actual Ts. :)
Super-low ER, though. Brings another smile. :)

Thanks, @Crash, I'd fogotten about RY this week. One of the guests made a pitch for shorter duration corporates barbelled with the 10y Treasury. Interesting, but not for moi when 6m and 1y Ts are paying 5%. If 2y or 3y Treasuries cross 5%, I'll be in with a lot more than spare change.

Obscure foreign tax credit gotcha:

Taking a credit usually is more advantageous, but to qualify you must have held your shares in a fund for at least 16 days of the 31-day period starting 15 days before the ex-dividend date of the fund. For additional information, refer to IRS Publication 514, Foreign Tax Credit for Individuals, and the Instructions for Form 1116, Foreign Tax Credit (Individual, Estate, or Trust).

https://www.troweprice.com/personal-investing/resources/planning/tax/fund-specific/reporting-for-foreign-taxes-paid.html

Long ago, the IRS eliminated the requirement for filers to break down registered investment company (RIC, i.e. mutual fund) income by country. You just give "RIC" as the "country".
In 2007, the IRS even stopped requiring mutual funds to report this breakdown to investors. So you couldn't give a detailed breakdown by country even if you wanted to.
2007 rule change (no more country reporting to investors)
Not sure how 2020 got in there. In 2022, 100% of FMIJX's ordinary income was from foreign sources.
https://www.fmimgt.com/fmi/funds/other/2022_FMI_Tax_Insert.pdf