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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
I would fit in just fine, and did. Then, and now. Would much prefer to live and work and raise children elsewhere. And did that. Not you?
What kind of socialism is this? Interesting interpretations!
Affordability is a good reason, no question.
And elitist, sure, also no question.
Tough choices for that generation.
Boehner was the rep, destructive, but kicked aside for not being destructive enough. I could not bear that even in retirement, an…
Hard to tell what to make of this. Nothing like tourism to help an economy, of course. But are people fleeing NJ?
The money to run and do things has to come from somewhere. Even rightwingnuts admit to that.
NH friends complain endlessly about th…
Not sure this is all that big a deal since Pinto remains in charge of equities and Janus is strong and supposedly getting stronger in FI (Gross and all that). The lookahead downgrade is offputting, sure, but my vote would be to stick around (and I h…
Well, Cam ran brilliantly a couple times and had a few laser passes, looking exactly as expected. Just infrequent. I also did not know how inaccurate a passer he could be, though; it wasn't just that D.
>> how investors with the same patience level will fare with a fund depending on which period of the fund they were patient in.
That seems to me like a distinction without an effective difference, but I fear you will tell me again I am not …
Yes, I should have reread your thorough and clear explanation before again querying you re volatility measures; forgive me. (It was the one where you stated that fund managers are not in the fund returns business.) I do realize that RARE is necessar…
9/25 of LCC and LCV had lead manager changes in the last 8y. Top tier to bottom tier.
Did not check LCG after I saw Danoff got an X:
'Toxic : Very poor returns relative to index for most investment periods except for an insignificant percentage of …
I am not being clear. Perhaps Charles can comment. vkt, do you know if any of the funds in your lists have had manager changes in the last eight years? Maybe my puzzlement is mootable only.
You sever fund strategies from people, which is beyond weird to my mind.
Let us discuss the Pats or the Celts as entities and not makeup by individuals. Not for me as a bettor on their games or season.
>> If a fund measures poorly and it ha…
You can apply your labor to NBA teams and coaches, too, for consistency and persistence and choices. Lots of this sort of sophisticated stat work going on these days.
I would pay no or at least much less attention to RARE unless delimited for manag…
Yeah, bonds and value tilt do help: DSENX and PONDX 50-50 (which I have not yet achieved) is down a little less than 3%. GLRBX down over 4%, AOR around -3%, AOM -2.67%.
Right, when you compare it with SP500 for 8/7/6/5/4/3/2/1y with each period ending yesterday, and certainly if you start 7y ago and exclude 8y, it is rather more a coinflip, 50-50. M* of course lets you do any start and end date you wish. As you say…
What am I doing wrong? When M* graphs the C- (b/w Closet indexer and Pretender) PRBLX against Large Blend for 8/7/6/5/4/3/2/1y, it always outperforms, sometimes significantly. Is that not the right measure?
To first order they're bundled, and you did not rank as to "primary" criterion or whatever. You wrote that fund managers are not in returns business but in gathering-asset business. I simply asked why you said that, how it followed. I wonder what fu…
Interesting; must study. Someone posted a link just the last couple weeks that showed PRBLX with significant inertia (= predicted superiority); will see if I can dig up that methodology.
>> Fund managers are in the asset gathering business no…
msf's point about collectively and typical is taken, but what does that ultimately mean? Thesis seems altogether unprovable. Certainly there has been some sort of democratization of so-called higher ed; most think this is a worthy thing. Bound to be…
>> it's not clear that the educational level has
I do not know about in general, but in many selected areas it sure has, just phenomenally. From musical performance to history scholarship, from economic and business/management analyses to IR…
>> since foreigners own the US debt
About a third; 2/3 is money we owe ourselves.
As for Keynesian efficacies, again study:
http://www.bloomberg.com/bw/articles/2014-10-30/why-john-maynard-keyness-theories-can-fix-the-world-economy
>> the 1930s ... wasn't a great time for economic theories such as Keynes. It didn't work then, and it hasn't worked since.
:) Some studying for the genuinely curious, with data! :
http://www.bloomberg.com/bw/articles/2014-10-30/why-john-m…
Mark,
Could not agree more and have posted so. "... common argument [for raising the retirement age] amounts, in effect, to the notion that we can’t let janitors retire because lawyers are living longer" [Krugman and others].
Press was talking abo…
Not unrelaxed or slighted; just was not clear on the point. That Fed types do not understand that labor cannot be done past a certain year of life, and are cavalier in their advice, or worse? (This is an arg some econs have made for lowering SS fra …
What does that have to do with anything? Is this a prole arg? When was the last time our teachers, lawyers, engineers, webmasters, clerks, or economists did heavy lifting? Do our plumbers or firefighters have some insights (econ, moral) the fed does…
Always with the social nets as lifestyle thing. As if that is a major expense. How do healthcare and infrastructure repair and public education and assistance get paid for in Germany and the UK? Fiscal conservatism? Not really.
I've been hearing about this wack 'social liberal / fiscal conservative' goal all my life and have never got it or heard it explained. What and who pay for progressivism? It ain't as if it's free.
Roger. I would revisit FLPSX myself, as that manager is an acknowledged researcher and leader in stockpicking. With his staff. It is a big fund with lots of holdings, so there are always reasons to reject it. Every time I have done so over the last …
Megan Ryan? I must've missed something, unless that's drug haze residual.
>> these Republican debates are the most interesting
not, to me, as actual policy discussion, just insane notions
>> and entertaining in my memory.
true dat
