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.
Yeah, I've already asked about the standing order. I wanted to open an account, put money in it and invest on the first day Global Micro Cap becomes available. They won't do it and they said I'd have to fax my application on day 1 and they would g…
Hi @Maurice, I think if Greece exits the Euro the impact will be negative because a good portion of my European exposure is hedged and I think the Euro would be stronger. I also suspect the European stock markets won't do as well if Greece leaves. …
I agree on the US economy- C but I tend to believe it will have a moderate impact on My portfolio- B.
The reason is that I think the Euro with Greece will be different than the Euro without Greece, so whatever way they go will have an impact on t…
Kaufman's only fund management experience from what I can find on M* has only been the Thornburg Developing World fund starting in December 2009, so to @VintageFreak 's point we don't know much about how he'll do in a "real" down market. The downsid…
Did anyone notice that the math doesn't work in the "Fees and Expenses" table for the International Stalwarts Fund?
For the Investor class, but it's the same for the Institutional shares:
Management Fee 0.80%
12-b1 fee 0.25%
Other Expen…
Greek parliament just voted to hold the referendum next weekend, and markets don't like uncertainly. The bailout expires on Tuesday, the debt won't be paid as due and the ECB most likely has to decide whether to keep the Greek banks liquid until th…
I think the message is if you got one of the two bubbles right you're a star, so Aegis Value did great when the market crashed after the internet bubble and didn't fare so well with the credit crisis, but apparently getting one out of two right was …
M* says it's their favorite healthcare REIT and estimates fair value a bit less than 50% above where it is now. @MikeM, could it be that the other research you were looking at was worried about the Supreme Court decision or do they have other worri…
So he's in the same neighborhood as Bill Gross ($2.3 billion in 2015 from Forbes). I'm not a huge fan of Bill Gross, but he co-founded PIMCO, ran a fund with 10 times as much money in it than Baron has in his entire firm and was widely touted as th…
A long time ago I owned a few Baron funds and I was pretty happy at the time. But I saw an article about his appearance on CNBC yesterday and the headline suggested he's a billionaire. Can that really be true? Fair enough, he started his own firm…
David, do you think it's fair to assume this new Artisan fund is most likely to be of the large growth variety? From what I can tell the Thornburg fund was mostly large growth although it may have dipped into the mid-cap range one year. Artisan's …
Hi Lewis, you're absolutely right. Individually we don't have a lot of power in most things but neither do most companies outside of monopolies or companies that at least dominate a market, and they are regulated differently than the average compan…
Lewis, I think you're missing an important part of the picture. Capitalism is as much about the consumer as it is about the companies. All we have to do is pay the higher price for the shirt from the company that treats its employees fairly (most …
@jlev, thanks for the MFO writeup, I know I must have read it because I read every word of every commentary but I just didn't remember it.
I've been watching MOAT for years and while I'm impressed with the "idea" behind it I'm less convinced about …
I suppose as long as the market continues trending higher I have to be somewhat bullish, but I would prefer and have prepared for a correction because of the same reasons others have mentioned. As long as we keep going up I expect to continue build…
Krugman said "Antonio Fatas, commenting on recent work on deleveraging or the lack thereof, emphasizes one of my favorite points: no, debt does not mean that we’re stealing from future generations." Fatas said absolutely nothing about stealing from…
@catch22, I was mostly joking as a reflection of the comments that the numbers were too low, which I thought were pretty reasonable because the numbers seem amazingly low to me also. Then I started thinking about our life expectancy and the idea th…
On the Discussions page if you use the search box and look for @JohnChisum or John Chisum you'll get a list of everything where those terms appear organized by date. It might still take a little effort to find what you're looking for but hopefully …
Just wondering why anyone would buy LEXCX. With only 21 positions that never change it seems like you could create this fund on your own without incurring the expense ratio and you have more control over any tax consequences of redemptions. I gues…
I would add IWIRX to the mix. 30 holdings, 14% turnover, a very small asset base for a large blend fund and a great record. Maybe even better, M* doesn't cover it!
Hi Shostakovich, it wasn't quite clear to me whether you were looking for an investment for the next 30-35 years or whether you're just looking for something for some portion of that time while growth is "low".
In the very long-term I think emerg…
I've only been there once for a week, but New Zealand is fantastic. Great people, great lifestyle, beautiful and plenty of things to explore and do. Probably better in their summer season, but if that was an option I'd be happy to wait.
I have …
From the article: "While you shouldn't pick funds solely based on fees, expenses matter because high fees will substantially reduce your returns. Remember, though, that some things in life are worth paying more for, and a good fund manager is one o…
I'm not a technical expert by any stretch of the imagination but the pattern on the chart looks to me like a flag pattern consolidation that normally resolves itself with a continuation of the trend. If that turned out to be true, it doesn't say th…
While it's clear the dollar has lost some of its steam recently I believe the longer term trend for a stronger dollar will continue and HEDJ, which I also own, will be a better way to play Europe than an un-hedged fund. I do have several global or …
It's interesting. I remember being told when I was younger that the first thing you forget when you've been drinking are the things you most recently learned- like driving. At that time, the point was don't drink and drive.
This says that the f…
@Ted, congratulations on both your investments and your wife!!
Yesterday I reduced quite a few of my US focused mutual funds a bit due to the reversals in the S&P and Russell 2000. I bought a uranium miner (CCJ) last week and I'd be happy to a…
@Joe,
The company that makes those nice machines has an average annual return of 28.9% for the last 15 years!! Can you imagine that? This has been a huge growth business and I'd say its not much of a surprise that dentists are pushing this stuff.…
In terms of record, his Canadian ETF was lousy and is no longer.
Yeah, I'm aware of that and I'm not sure I'd want to give him my money to manage but that's mostly because I agree with some of his opinions and disagree with others. I don't even kn…
If you want to take cracks at Gartman you should at least do it for the right reason. He's a guy who makes recommendations 24 hours at a time. The thing that I think CNBC does a bad job at is disclosing how their talking heads trade so people watc…
@andiel049, I have been impressed by everything about GP until now, including the big investments they have in their own funds, closing funds aggressively and even more hard closing funds. As I mentioned this all screams outperformance to me and in…
I'm not sure but I wonder if institutional money isn't so interested in micro-cap funds but if that's true it might give the fund a little longer before it closes. I will be knocking on the doors where I have accounts even before the registration s…
@andiel049, thanks for the insight! This is actually part of my concern. I sort of assume, but maybe you can confirm, with, in round terms, $3 billion in capacity and a propensity to hard close funds, they can't be particularly attractive to most …
