Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The folks at Seafarer just released their first annual report, dated April 30. The Fosters were aiming to offer something different than the usual report fare, which consists of market outlook and which stocks contributed most or least to the fund. The result was a nice essay in defense of "bottom up" portfolio construction and risk management.
So far: Not BAD. My Matthews stuff is doing better: MAPIX, MACSX. I saw a remark from Foster lately, however, that sounds like he's singing my song. China is looking interesting BECAUSE of the pullback lately. Buy LOW, sell HIGH. (What a concept, eh?) "Ya, That's the way you do it. Money fer nuthin' --- and yer chicks fer free."
Many bottoms up investors changed their ways after 2008 (einhorn for example). Are these guys just taking advantage of the human weakness on being interested in what has worked recently?
Reply to @TSP_Transfer: SQM is highly interesting both from the standpoint of lithium and plant nutrients. However, it - like everything else basic materials - has been creamed (see also things like POT/Potash.)
Comments
http://quotes.morningstar.com/fund/f?region=USA&t=SFGIX
So far: Not BAD. My Matthews stuff is doing better: MAPIX, MACSX. I saw a remark from Foster lately, however, that sounds like he's singing my song. China is looking interesting BECAUSE of the pullback lately. Buy LOW, sell HIGH. (What a concept, eh?)
"Ya, That's the way you do it. Money fer nuthin' --- and yer chicks fer free."