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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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
If this pandemic becomes as bad as predicted in the U.S., I think the face of Brady Sluder, the inebriated kid that said that, will eventually be in a history book beside one of Alfred E. Neuman with the caption--"What, me worry?" or "Dude, I just o…
Kids generally think they're immortal. But the responsible thing to do is to shut the beaches down entirely. Even if few of them get deathly ill, they will be like Typhoid Mary to the rest of the population--carriers.
The implication being by making it Sunday that America is a Christian nation, which is separate from the fact that many Americans don’t believe in religion at all: https://pewresearch.org/fact-tank/2019/12/06/10-facts-about-atheists/What happened to…
Yet the difference between a dividend which is a choice a company can eliminate at a moment's notice and a bond coupon payment which if stopped a company or, worse in this case, the U.S. government is bankrupt is light years.
@hank
Yeah, we have disadvantages too as Bernie points out, namely that without health insurance or poor insurance many Americans will not have a doctor examine them if they feel sick because they can't afford to, leading to more undetected cases o…
That's a good deal, but it is not exactly tax or risk free. Tax-wise you are losing some of the deduction you get when you pay mortgage interest unless you have a large mortgage and are above that cap on the deduction. Risk wise, you are locking up…
The thing that's funny about it is what is to stop someone from the continent taking a bullet train to the UK and just hopping on a plane there? Also, because Stephen Miller was involved in crafting this speech it reeks of xenophobia. Why Britain? W…
@bee Volatility is opportunity.
High volatility on the downside creates buying opportunities and high volatility on the upside create capital appreciation.
It feels like VMVFX misses the mark on both counts.
Volatility is not an opportunity for t…
Buffett is probably sleeping in his bed and dreaming of his legacy. He prefers to buy businesses in their entirety over shares as a minority stakeholder.
Best way to figure this out is to look at its holdings and how they've performed. You can see their performance at the bottom of the page in the third to last column--"1-year Return"-- here:https://morningstar.com/funds/xnas/applx/portfolio
This is …
I think concentrated funds can make sense in a high quality large cap portfolio. Think Yacktman, Jensen. But I think they can be terrible in a value low quality portfolio—think Fairholme—and in volatile stock groups like small caps.
@openice How is making an extraordinarily talented intelligent woman like Warren, probably the smartest person on that debate stage, a secretary a compliment? It wasn't a compliment for Wonder Woman, who was made a secretary of the Justice League in…
She'd be well suited for Secretary of the Treasury.
She'd also be well suited to be president. Saying a woman candidate is suited to be a "secretary," even if it's Secretary of the Treasury is a dangerous line in 2020.
Bloomberg just dropped out: https://npr.org/2020/03/04/811873643/after-disappointing-super-tuesday-mike-bloomberg-suspends-his-campaign
He only won Samoa on Super Tuesday.
@Mark The idea that Sanders won't compromise and there's no middle ground for him is a myth: https://nbcnews.com/politics/2020-election/bernie-sanders-image-left-wing-purist-belied-record-compromise-n1143956
Yet I agree that Warren is probably smar…
@rforno
Speaking of Bernie --- remember in 2016 when he was railing against the "millionaires and billionaires" as bad people? Notice this time he's only attacking the "billionaires" .... so did the "millionaires" suddenly become amazing people or d…
@Mark
Second, I don't believe he is for the little guy, he's for Bernie.
Bernie's been an activist his entire life. It's hard not to think of him as for the little guy. The questions I think are how electable is he and how effective has he been and…
@catch22 Yes, but Bloomberg is pretty far from a Green Party style candidate. I wonder if he wouldn't siphon off as many votes from the GOP as he does Dems in the election running as an independent. It would be a real wild card in my view.
@Crash …
For those who are Krugman fans, there's an interesting debate/discussion worth watching between him and socialist economist/historian Richard Wolff about Sanders' "socialism" and what it really is. Think Denmark, not Russia:
@Gary1952 The difference is no credible intelligence source has said that the GOP's claim that undocumented immigrants have tipped the scales for Democrats in past elections is true while every intelligence agency has said that the Russians interfer…
Americans generally hate intellectuals and want a president they can share a beer with. Even Obama, who was unquestionably intelligent, had a folksy side that appealed to the common man and woman. Similarly with Bill Clinton and Bush. Nothing though…
Historically, it wasn't just Democrats who supported the tax on short-term trading. It was John Bogle who for most of his life was a Republican and only switched when the party went bananas: https://knowledge.wharton.upenn.edu/article/is-it-time-for…
@Simon Clearly, I was taking about Sanders. You know, the multimillionaire socialist who has got rich from other people's money. (Just like all socialists.)
Public or government ownership of various assets or services, i.e., socialism exists in ever…
