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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
Since many seniors end up being physically incapacitated before they pass away, I can't think of a much worse place to retire than Wyoming unless you're rich or have a truly dedicated family so you can either hire a chauffeur or have family members …
And guess which states have the best public services for seniors--free or reduced price and comprehensive ones--such as transportation, meals on wheels, or free senior college classes, or the best medical care/nursing homes or the most easily access…
@joe74 Two things:
1. The manager, Rezo Kanovich, who really made this Invesco Oppenheimer fund successful left to join Artisan Funds before the Invesco merger occurred. He now runs the Artisan International Small-Mid (ARTJX) fund.
2. David Nadel …
This is why active management is also such a big risk and it isn’t talked about enough. If you miss those handful of stocks driving the market you really will underperform. I wonder sometimes if this isn’t as significant as the whole fee argument ag…
Two things:
1. Buybacks decrease the amount of equity on a company's balance sheet and thus increase its leverage on a relative basis. The debt to equity level goes up, which can be dangerous if a company hits tough times as there may be debt cove…
I won't say the name for privacy reasons, but I know some graduates from a very prestigious school and what is interesting is many of those grads from earlier generations went to work on Wall Street, but more recently they were going to work in Sili…
I think there is a real danger right now in reviewing managers by their 10-year returns as the second worst bear market in U.S. history ended in March 2009 and the ten year-returns now exclude that bear market and we instead have returns for a great…
And neither a borrower nor lender be and always remember to wear clean underwear when you’re driving above the speed limit. It wasn’t just these platitudes that made him a billionaire. It was also timing, luck and a mind able to discern how to explo…
While I agree he would still get rich off the firm if he stepped down, it could mean something to his employees, many of whom he’s treated poorly according to the Bloomberg article I linked in a post below. It could also mean something to clients if…
That's hilarious. He must not believe in climate change or the current failure of our democracy. Good to make predictions for things long after you're gone. I'm not even sure where the market will be two weeks from now.
Yeah, a press realease FOR Finra. Here's more how it's really like with self-regulation:
https://wsj.com/articles/finra-arbitrators-let-thousands-of-brokers-purge-infraction-records-1542459600
And this: https://nytimes.com/2016/06/04/business/dealb…
Why would the industry do better for the disabled who are easier marks when it routinely tries to scam the able-bodied? This is what government regulation exists for. Contrary to popular belief, the financial-services industry will not regulate itse…
My impression with quantum computing is it is not a speed benefit they're really seeking but a complexity problem-solving one. A quantum computer could solve problems current computers with their binary yes/no 0/1 systems can't because life isn't li…
Wow, that's a bummer. Nadel's a good manager and really drove this fund. I imagine he'll be running his own Nadel International Small Cap Fund, though, soon.
It's really incredible how executives never seem to learn and try to cover up mistakes and problems in products instead of just owning up to them and moving on. The only company that seemed to get it right was Johnson & Johnson with the Tylenol …
The whole family saga at Wasatch, Grandeur Peak and Seven Canyons--son strikes out on his own, then so does father, then son rejoins father--doesn't exactly play out like that narrative, but is interesting to recount.
@hank Does somebody get paid to cook up these silly headlines every day?
Yes, someone does. Many articles have outside headline writers different from the authors of the article. Those headline writers are seeking SEO--search engine optimization--s…
@gmarceau I think you know very well the meaning of the terms you used and where they come from and don't like the terms being applied to the other side of the political spectrum. I'll leave it at that.
@gmarceau I have to wonder where you're coming from when you use terms like "virtue signaling," "SJW" and "trigger." Everybody knows where those terms come from, but the people who use those terms don't like it when they're applied to themselves. Wh…
@gmarceau I call what people do when they claim to be "pro-life" while ignoring climate change, being gung-ho to build up our nuclear arsenal, are pro-gun, pro-death penalty and want to deny sick kids health coverage and a decent education virtue si…
No question there are differences between nouveau riche folks and old money, but that is not the case with Ken Fisher. He is the son of a legendary, and I might add, much better investor Philip A. Fisher:
https://en.wikipedia.org/wiki/Philip_Arthur…
This thread was posted over a year before the scandal with Fisher broke: discuss.morningstar.com/NewSocialize/forums/t/383766.aspx
The thing is Fisher’s public investment vehicles didn’t have great returns and were liquidated as a result. And I don…
@davidrmoran There are a few questions the Fidelity zero funds raise. Breadth of index coverage.—Sometimes these lowest cost funds hold less stocks because it’s cheaper to execute the strategy that way so you generally lose some small cap coverage. …
@msf I know I've looked at this data for Wellington, but can't seem to find it online now. My impression is Wellington's proxy voting record is better if I recall correctly but not perfect. Also, worth noting is the new actively managed VEIGX just h…
The thing is, there are so many advisers in the world and there are even algorithms that now do this kind of work for a pittance. There is no reason anyone has to give their money to someone who thinks we're still living in the 1950s or in this case…
The question is Better for what? For ESG investing I can think of several. I can also think of several for any sort of niche investing--international small caps, mortgage bonds, etc. But for the big mainstream stuff Vanguard's hard to beat.
“Many of you are likely familiar with my sometimes colorful means of expressing myself. I like to say whatever is on my mind."
Sounds familiar. In the video, the guy at Lake Avenue says he spoke with former employees who said Fisher has remarked tha…
