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.
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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
Reply to @MarkM: Mark...I tend to give a manager quite a bit of leeway...as an example, I've given Berkowitz a wide berth at FAIRX, and he has made me a great deal of money over the years.
Cinnamond was not only "early" on metals, he was also "earl…
This has been a busy week.
Finally gave up on ARIVX...it wasn't so much the cash stake, but the precious metals bets. Thanks to expatsp who highlighted this earlier in the week.
Swapped this for more BERIX....also established a foothold in RSIVX. …
Within the past year, I seem to recall a stretch of a few weeks where Ted didn't post. I don't recall the circumstances as to why, but I do recall feeling that the board was missing something, and was happy when the posts then resumed.
This thread …
I like the space(s) this is exploring, so I think a better question might be if there are other diversified EM funds who are doing, or can do, a better job...assuming you want a diversified EM fund. Most EM funds are really lagging this year, but th…
One man's "group think" is another's collaboration. I would not like to see discussion stifled in this forum...and frankly, I don't interpret junks' comment as suggesting this. So, ARIVX may not have been the perfect fit for THIS market...but I am q…
Reply to @Charles: thanks Charles, but to be clear, my holdings include more than these 3...these are simply the ones common to pre and post-tax accounts.
My only holding on the + side was SUBFX.....all the more reason I am directing more dollars to this holding over the next few months.
And then there's PIMCO Total Return...frankly, I getting a bit tired of this "new normal" philosophy. I'm thinking…
Recently timed a haircut correctly for POAGX and VGHCX. Will position the proceeds into MERFX for a cash alternative for a bucket one holding. Kinda madcap I guess.
Looking to sell PAUDX this week. It goes down when the market goes up...and down wh…
I believe MAPIX has a larger stake in Japan and China, which helped performance over both MACSX and SFGIX. Also, the Latin American holdings served as a boat anchor...hopefully this will turn around and not deter Mr. Foster from seeking investments …
Yes, there are specialized funds who do this.
Linked is an interesting article from Food and Wine...of course, I suppose one could purchase high-end wine and store it in the basement. But, this would no doubt be one of the worst "investment" decis…
Eric Cinnamond and the Aston/River Road Independent Value Fund (ARIVX) was my top performer in 2011, and top 1% in category..thus earning a break and a continued place in my portfolio.
At 65% cash however, and 98 and 99% percentile performance in t…
Meanwhile, my "tactical allocation" holding, PAUDX, has engineered a way to be my worst performer this year.
I'm not liking this "new normal" program PIMCO has instituted. I'm thinking of shifting this into OSTIX...a boring, conservative FI fund wh…
Hi Clem,
Interesting question, but perhaps not for the reasons you might imagine.
In short, yes...I would initiate a position in FAIRX. However, you need to know that this is one of my largest holdings so I am a bit biased.
Due to the concentrati…
I'm with Scott... women in yoga pants are to be encouraged. The recent controversy about those same pants being too sheer, well.
About Chipotle...it's pretty simple. I love hard shell tacos. It's either Chipotle or Taco Bell.
Easy choice. Good ingr…
I guess I'm just a curmudgeon. I would much rather browse with my wireless mouse than to scan with a touch screen pc...perhaps because I don't have experience with doing this.
I am also shopping for a new PC...and I tend to buy a high-performance r…
The Democrats will need to cough something up such that Boehner doesn't look like a complete idiot for holding the economy hostage for no reason. Though of course, the Democrats also cannot reward the opposition party for hostage taking.
Not really…
I'm usually pretty immune to political machinations as a reason to take action in re-allocating my accounts away from a general 60/30/10 ratio.
I'm thinking this time may be different.
I see disturbing comments from some indicating that a shut-dow…
Reply to @Old_Joe: OJ...you don't need to be "political" to be able to profit from political decisions. You simply need to separate partisan political opinion from political facts.
As a specific example...more folks will have health insurance cover…
Reply to @JohnChisum:
Just curious...what do you mean by "government take-over"?
Not sure how fluent you are with the provisions of the ACA, but all of the carriers who will be providing plans within the state exchanges are non-governmental compa…
I am about ready to poke my eyes out with a pencil the next time I read the false narrative of the "government take-over of healthcare".
Aside from that....I am long healthcare in the form of large positions in POAGX, VGHCX and VHCOX...along with s…
When M* gets around to evaluating this, they should add an extra "*" just for the name.
That's a clear winner. If only they could squeeze "Strategic" in there somewhere.
David,
I pay a modest amount for M* premium membership, and an additional fee for their Dividend Investor newsletter. I derive value from both.
Frankly, I have gotten as much value from your website as either of these items I had previously mentio…
"Don't Get Sucked in by Fairholme Fund's Great Long-Term Record"...right, don't get fooled by a profitable long-term deep value investment strategy.
Per Mr. Goldberg:
"Brains count for a lot. You need to be an independent thinker to be a good in…
About a year ago, I put a pretty healthy slug into PAUDX. I really do believe that a go-anywhere type fund (with a good-sized bond sleeve) is a good bet. The recent market gyrations cast a telling glance towards funds who merit consideration in this…
Over the years, I have concluded that my most defensive yet profitable pure equity fund is VGHCX. Big, lumbering pharma is a keeper. It's one of the places people go when they're nervous.
Perhaps I wasn't clear Ted as I agree with you...I would not lighten up on pull-backs, as that is when I tend to add to equity holdings during a general up-market trend. I will lighten up when the fund flows indicate folks are piling into equities. …
I firmly believe the market will be higher by year-end, and also 1 year from now. However, I also firmly believe there will be several pull-backs along the way. When folks start piling into equities is when I will start to lighten up.
A good read:
…
Skeeter...I may have missed how you define FI vs hybrid income. At first glance, I would have assumed NEFZX would fall into the hybrid category given their almost 20% allocation to equities. Not that I disagree at all with that holding.
Your post i…
Reply to @bee: At first blush, I was dismayed when learning of this expansion. Giving it more thought, I'm less concerned.
It appears that Global Reach is the full palette of companies covered with a positive outlook, with Global Opportunities bein…
I found Mr. Ely's comments to be a weak description of the issue, and points to a rather lackluster effort at reporting by Andrew Osterland .
From the Fairholme website:
“Fannie Mae and Freddie Mac are rapidly repaying the Government,” said Bruce …
