It looks like you're new here. If you want to get involved, click one of these buttons!
Are we in a new Treasury bond bull market? New this week is an insightful report, “From cornering the market to backed in a corner” from Michael Contopoulos, Director of Fixed Income at Richard Berstein Advisors. The RBA team has generously agreed to share it with our viewers
50 years ago, on August 15, 1971, President Richard Nixon shocked the financial world by ending the convertibility of the dollar to gold, upending the monetary and currency exchange system that had been in place since 1944. This week Nick Sargen, author of Global Shocks, joins us for a WEALTHTRACK podcast to explain the consequences of that momentous decision which are still being felt today.
I read the first edition of this book early in 1950, when I was nine-teen. I thought then that it was by far the best book about investing ever written. I still think it is. To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information.What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline. -Warren Buffet
AndyJ said:Lots of talk, a grand total of one stock as the "one investment," and never a word about mutual funds that own "quality."
Lots of talk, a grand total of one stock as the "one investment," and never a word about mutual funds that own "quality."
BaluBalu said:Good thread @bee. The Sept 17 episode is quite thought provoking and actionable.
Good thread @bee. The Sept 17 episode is quite thought provoking and actionable.
carew388 said:Mona ,would RSP etf meet your needs?
Mona ,would RSP etf meet your needs?
Risk and opportunity go hand in hand. Risk is more important than opportunity because you can often manage risk while opportunity merely presents itself to be considered.
© 2015 Mutual Fund Observer. All rights reserved.
July 30, 2021 Episode:
His Marketwatch Columns:
The Intelligent Investor: The_Intelligent_Investor
- Interest rates will be a head wind for both stocks and bonds (especially LT bonds)...when interest rates rise.
- Graham Consistently recommends a 50/50 portfolio. High grade bonds and index like equities.
Berkshire holds a slew individually publicly traded stock (ie KO, MMM) that they hold "forever in the Berkshire Ecosystem". For example, Berkshire owns 9.28% of KO stock which makes up 7.8% of Berkshire's Stock.
I don't think of Berkshire purely as a stock. Maybe more like a conglomerate stock...a companies that owns many companies. Berkshire is diversified across sectors (consumer, RE, Finance, etc). BRK.A or BRK.B seems much like a mutual fund.
If you own BRK.X stock it comes with a management team that eat their own cooking and charges an ER of Zero. Reminds me of maybe even a Hedge Fund since it owns entire companies that are not traded publicly (GEICO, See Candy).
Berkshire is a conglomerate stock. What assets does it hold? Lots.
Buffett Shaped Berkshire As An All-Weather Conglomerate
Companies with moats are usually thought of as "quality." Here's a M* article with ten funds they considered top of the moat heap back in 2018. There are more of course, including the etf MOAT. (The M* moat rating for funds must be a premium feature; that field is blank on my non-premium screen.)
Riddle me this. Curious as to your thoughts re companies that have investment VC like groups within them. Note INTC Intel, CRM Salesforce, GOOGL Google. And another I find intriguing. Palantir
Wonder if it makes better sense in investing in these companies which look to the future in this central bank manipulated sheise markets
BTW. Did anyone really think Powell was going to announce tapering. Like not just jawbone and kick it into the future?
Best to all,
Also, look at short lived Vanguard Emerging Markets Bond Admiral, VEGBX
Mr. Arnott manages several Pimco tactical allocation funds: All Asset, PAANX, All Asset All Authority, PAUNX. Neither one is particularly outstanding through the full market cycles. Why is that?
What makes Vanguard Emerging Markets Bond Admiral, VEGBX doing well over PYEWX?
Is Mr. Royce "talking his book?"
The fund attempts to tracks the S&P 600 index while minimizing taxable gains.
VTMSX has performed well vis-a-vis small blend funds since my initial purchase approximately 10 years ago.
I see these two have reasonable expense ratios but the other micro cap fund they run has a ER of over 2%! No wonder I’m in VBR.