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.
Support MFO
Donate through PayPal
PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
Shadow...yes, I am quite sure Bruce is happy as a clam that AIG generated significant gains. He failed to mention why those gains needed to be harvested however. This points out a clear risk for a hyper-concentrated fund which is unable to balance g…
Per the graphic in the article, 86% agree that the government should be able to negotiate drug prices for Medicare and Medicaid. I'm guessing that the survey did not include representatives from the pharmaceutical industry.
The Centers for Medicare…
Just got a note from Fairholme to indicate distribution estimates are available at the link below:
www.fairholmefunds.com/press-releases/
With distributions for FAIRX at a range of $11.55-$12.35 per share, I will be saying goodbye to Bruce within …
Thanks Ted...this was a nice easy read for a Tuesday AM, with some good high level thoughts.
I did like the following in particular..."Ultimately, an investor would like to have the best strategy using the best funds, but the truth is that it is ev…
The markets may react negatively Monday, but that is purely an emotional response. The markets have more than enough impetus to be squirrely without factoring the unfortunate recent events in Paris into the mix. I am not at all optimistic near term …
Old Joe...yes, I pulled the data from M*. Looking at my Schwab account, their presentation is a bit confusing. It looks like Schwab reports a YTD performance number both with, and without a 3% load. Without factoring in the load, the reported +2.78%…
In this year's difficult market though, it's 0.76% return for RPHYX, and -1.30% for SSTHX, about a 2% difference in favor of RPHYX. While I'm certainly less than thrilled at the deterioration in the RPHYX NAV, it would still seem to be a better pla…
A minor point...I bought both the Wells Fargo fund earlier this year at the same time as ZEOIX....they are neck and neck this year and both serve as solid cornerstones for a short term cash depository in my IRA. As a plus, SSTHX is available with no…
It may be a bit irrational, but I like the allure of smaller firms who have a specific focus and operate in an environment where they are under the radar to a degree. This autonomy affords them a measure of leeway in terms of following their specifi…
I'm thinking that the risk is low that oil producers will find their wares unwanted....though the geopolitical impact of the shift away from petroleum-based energy is fascinating to contemplate.
I suppose you could argue that the free market is hel…
Brings up some interesting scenarios. Is Valeant the only HC company doing what they do or will other Health Care companies (?in your portfolio) be accused of the same? Are the Citron accusations true or have they stretched the story for other reaso…
The referenced book was written in 2012 by Thomas Mann and Norm Ornstein. The title is, "It's Even Worse Than It Looks: How the American Constitutional System Collided With the New Politics of Extremism"
A notable quote: "The GOP has become an insu…
This is just a guess, but I think we may be able to find things which require maintenance without spending too much effort.
Guess ... guessing ... haven't we had a little too much of that e.g. Bush/Iraq!
OK....how about this. I KNOW we will be a…
No mention of Fannie and Freddie in that write up....I think that could be the straw that stirs the drink in FAIRX. I wrote my Senator in regards to that illicit confiscation of shareholder profit.
I think the genie is out of the bottle on this. Perhaps a gross simplification, but we used to manufacture things here because nobody else could. Well, the world has caught up in terms of this ability, and they do it much cheaper than we can. I've h…
Moved a bit into the EM space, adding to an existing SFGIX position specifically. Will do this on a monthly basis with income generated in the IRA account. Everyone seems to hate EM, so that sounds like a decent plan. Foster trimmed China a bit as n…
Not too much chance of that happening heezsafe, as I am probably the only person to have ever worked in the technology industry who didn't open a facebook account.
Do most of the buyers of the new fund also still wait outside all night for concert tickets and apple phones and, dare I say, do you go shopping when the rest of the us are comatose on Thanksgiving?
Sorry, but I just don't get the hype. Nor the ru…
I can see it now....the nieces and nephews will complain about the stocks I would buy for them. Instead of "it's the wrong size/color/brand, it will now be "It's the wrong sector".
Your post as to the number of millionaires in the Democratic congress was a common response, in my opinion, simply due to the fact I've seen it more times than I can count in response to a critique of donor influence. I've asked this same question t…
Just curious, in response to the question being raised in regards to large donor influence, a common response is to point out how many millionaires are in each party.
I'm wondering why this is a pertinent question, as many on this board no doubt al…
Gerrymandering along with our maturing oligarchy supported by the Citizen's United decision have corrupted our election process. We need to address both, hopefully including a provision for publicly financed elections.
If ya can take enough steam/trend/money from area(s) "x" at a decent profit and move into the beaten down areas, one has to suspect there may be money to be made.
Yes, I'm planning to take dry powder and move money a bit at a time into EM.
Hillary should get into the datacenter business....her "server farm" is one of the few things which haven't been hacked.
"Hillary's Cloud"....nice ring to it, eh?
willmatt72
Other than the usual suspects, mostly individual REITs in the non-taxable account.
Having said that...I did find something which occurred a few years ago in my taxable account...in 2011. All of my funds with the exception of VGHCX all l…
I've learned something about this specific sector over the last several weeks. I bought a slice of ETNHX, about a quarter of what I consider to be a full funded position for a mutual fund....and then watched closely.
This fund swung with great aba…
Yes...I am quite sure there will be a degree of overlap with the other GP funds. As I am looking for a small cap holding for my taxable account, this appears to be a nice fit for that space. GPGOX resides in my IRA account, and I am pleased with its…
