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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
The other question with regard to A and C shares is whether returns should be load adjusted or not. Many brokers now wave the load so maybe it doesn't matter.
At a shop with many funds, saying "this is an unbelievably bad record' without citing any numbers is sort of like saying "Fish, what's up with that?" Be specific about the individual funds with bad records or pub a ratio of funds outperforming their…
@Mikem Don't mind JoJo. He's just being a coprophagian because he's got nothing better to do during the lockdown and he voted for the guy responsible for jeopardizing the recovery. Looked at from that perspective, his senseless attacks make complete…
@jojo26 There are 2000 stocks in the Russell 2000 Index of small caps and 1391 stocks in the Russell 2000 Value Index. JSCVX holds 79 stocks. If you think that's a "closet indexer," you're delusional. Also, it's expense ratio is 0.92%, not "1%+." A …
@MikeW JSCVX has been hurt this year like every other small-cap value fund from coronavirus. The point is in funds that are style box dependent whether the fund is beating its peers within the style box. JSCVX is this year, beating 81% of small-valu…
@Jojo26 There's a difference between a 5 stock portfolio's idioyncratic stock risk and a 50 stock portfolio's idiosyncratic risk. If having idiosyncratic risk was uniformly a good thing for active management, you wouldn't want a portfolio at all and…
Valuation--who cares about that in 2020? Morgan Stanley Discovery A MACGX is up 20% this year and its portfolio has an average p-e of 85. https://morningstar.com/funds/xnas/macgx/portfolio Morningstar just upgraded the fund's analyst rating. These m…
Mid-cap value is an interesting space right now as it's reasonably priced and the companies are larger and more resilient than small-caps. I think NMAVX and JNVSX are good options.
@catch22 I know. I just generally think Zell is a bad hombre. He's the kind of "elder" who behaves like a selfish narcissistic child that I could do without.
This Sam Zell:
https://latimes.com/projects/la-me-mexico-housing-chapter-2/
https://medium.com/@voteyeson10/billionaire-sam-zell-lays-out-3-7-million-to-oppose-proposition-10-6a8a2798986c
https://money.cnn.com/2018/06/07/news/companies/sam-zell…
@Brianw Remember that when you're discussing the Electoral College.
No, because the favorite musicians in red-state electoral college over-represented America are country and Christian music, which makes even Abba and Justin Bieber sound good in co…
@Brianw https://en.wikipedia.org/wiki/Justin_Bieber
Bieber has sold more than 150 million records, making him one of the world's best-selling music artists
https://telegraph.co.uk/music/artists/justin-bieber-pops-obnoxious-idiot-grew/
For much of h…
All I can say is poor Steven Klopukh, who was named the new manager of the Allianz Microcap funds on April 20th and they're to be liquidated in less than two months. It's like being given the wheel of a sinking ship.
I think JSCVX might be a better small-cap value play in this environment as it has a quality tilt. It's also more diversified and has less idiosyncratic individual stock risk.
While China's population is larger than America's, economically it isn't. It says something about the state of American and Chinese science that China has three times as many clinical trials as we do if I'm reading your last link correctly.
@Brianw I don't think it's a given that value beats growth during a bear market historically. In fact, I think one of the reasons value historically beat growth over the long-term was that the economy was reasonably healthy over the long-term and w…
@Crash The charts I'm showing aren't polls but stories factchecked by Politifact over a period of time and how many true, false statement were made in them.
Why not look at the Politifact statistics and judge for yourselves: https://politifact.com/article/2015/jan/27/msnbc-fox-cnn-move-needle-our-truth-o-meter-scorec/
FOX
MSNBC
CNN
@FD1000 What Dem "lies" specifically? Please spell them out. Regarding your remarks that it is "a delight" to see the opposition suffer, what happened to a view that we are all Americans in this together? It sounds like you are "hate voting":https:/…
Regarding value versus growth, the question boils down to what is the academic historical evidence for why investment strategies do well and the particular conditions in which they have historically done well? Then, one must ask whether any of those…
Now he's claiming the disinfectant remark was sarcastic and directed at reporters even though it's evident that it was addressed at his staff member Dr. Birx without a hint of sarcasm:
https://cnn.com/videos/politics/2020/04/24/birx-reaction-trump…
Thanks, Catch. The numbers are both depressing and hopeful as we see them shrink in certain places and we wait for this to end. It is rare that humanity shares a global event everyone will remember. This is one.
@SMA3 A description of how they compile the data and their sources can be found here: healthdata.org/covid/faqs#differences%20in%20modeling
We use the Johns Hopkins University (JHU) data repository on Github to collate daily death numbers due to COV…
Capitalism at its best--overleverage, overcapacity, overproduction, then bankruptcy.
American capitalism at its best--overleverage, overcapacity, overproduction, bankruptcy, then taxpayer-funded socialist bailouts for investors and golden parachutes…
@FD1000 The problem with this sort of comparison is the past is gone, and there is little evidence for long-term performance persistence of top performing funds in the future: https://advisorperspectives.com/articles/2020/01/23/december-2019-spiva-p…
How insecure and narcissistic of a person do you need to be to think your name should be on everything, including buildings you didn't build and checks you didn't pay for? It's funny but in Judaism there is a tradition--and spiritual mandate--to giv…
I'm not saying I've done this, though I now think I should, but I think the right answer to this unpredictable situation is to acknowledge it's unpredictable and focus on what you can control. What that means financially is to think about one's spen…
