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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
What’s also offensive is he’s constantly hocking his sophisticated investment acumen on TV but never mentions the fact that for years his mutual funds stank up the room and were eventually liquidated.
What a drag it must be to go to Chuck's house for a "financial lesson" on a holiday that's supposed to be fun and carefree. I think the apt response for a child should be--eggs or tp?
@Ted It's complicated, but it really isn't 3.26% because of the costs of shorting which are counterbalanced by cash carry. I think a more accurate number is 2.75%, but Morningstar has 2.62%. Sans shorting, both fees are very high. I'm looking at Inv…
He’s a member of Opus Dei, the conservative Catholic group, and when I first visited his offices he was just back from a retreat.
For more information regarding Opus Dei: https://en.wikipedia.org/wiki/Opus_Dei
@Ted Did you use POSTUS--President of Some of the United States--intentionally? Given the makeup of the Senate and the party-before-country hackery that exists there, I agree that there is zero chance for actual impeachment. Or rather, I should sa…
I wonder if they're setting themselves up to be acquired. For foreign firms especially shopping around for boutiques to buy out, having "global" in your name might be more recognizable and appealing. Otherwise, I think it adds little to their brand …
Good to hear Whitebox Advisors finally made some money for someone after losing plenty of retail mutual fund investors money:https://wsj.com/articles/hedge-fund-firm-whitebox-closes-its-mutual-funds-1451349226
What I expect having analyzed the funds and this new one is GP Global Reach--https://grandeurpeakglobal.com/documents/grandeur-peak-global-reach-fund-fs-20190630.pdf --but with a value tilt--more emerging markets stocks, more financial, materials, c…
@Simon There are thousands of funds which have beaten the index over multiple time frames.
I seriously doubt that. There are often hundreds, perhaps thousands, over a specific time period, but rarely over multiple time periods. The fund that beats …
This headline makes the accusation sound like a new thing. They've been blocking such proposals for years while claiming to be eco-friendly. It's a classic case of short-term thinking failing to address long-term problems which will affect everyone …
@dryflower
https://jsonline.com/story/news/investigations/2016/11/16/one-condition-drugs-came-before-disorder/93823042/
Beginning in 2000, the FDA approved four drugs to treat premenstrual dysphoric disorder, a form of PMS said to be so severe that…
And yet as I've stated pharma has long been one of the most profitable industries on earth. It is not simply "rabble" suing companies--and frankly it's deeply offensive in my view to say so--when you have a product that has killed people and worse w…
@Ted And the industry has been compensated more than handsomely for it. When you pay as much as Americans do for medicine, the pharma industry should be held accountable for its missteps and shouldn't be allowed to intentionally sabotage the Hippocr…
In terms of readability, the report said the average American reads at an 8th-grade level, which is a score between 60 and 70 on a scale of 100. Writing at this level maximizes potential customer reach and engagement, it said. The higher the score, …
@Junkster
I'm not sure where they're still finding non-agency debt trading at 70 cents on the dollar of par value today. One of their major competitors, Angel Oak, at the end of 2018 said they were buying at 86 cents on the dollar: https://angeloak…
I have experience with short funds, but the strange thing here is Invenomic and Boston Partners aren't known for concentrated short positions that would drive such a big gain especially on a day like today when the market barely budged. I believe hi…
@davidrmoran I have a feeling that's a mistake of some sort. Actually, never mind, I just realized that is share change not price change I'm looking at on the portfolio page. Maybe you're right, but the jump is unusual. It's mysterious.
Just to refresh people's memories: https://kiplinger.com/article/investing/T041-C009-S001-two-morgan-keegan-funds-crash-and-burn.html
I am aware that the non-agency debt market has changes significantly since this point, but I do think liquidity in …
There is some truth in this argument except for the fact that companies use their shares to acquire other companies, reward their executives, qualify for loans/debt and generally grow their business. Their stock becomes a kind of currency for them. …
@OldJoe I don’t doubt that Junkster and others have made money on IOFIX. How could they not given its performance? My point is that Morningstar is not wrong for being suspect of the fund. In fact, it gives me more faith in Morningstar’s process that…
@junkster I was writing about funds back when those studies on new funds came out and a few things come to mind:
1. In the 1990s many new small cap and growth funds were launched that benefitted from extra IPO allocation to hot dot.com stocks like …
At the beginning of every mutual fund prospectus is generally a little seemingly innocuous sentence: Past performance is no guarantee of future results. So what if it's been hot in the past? The only question that matters to anyone reading this righ…
Without reading the review, my guesses would be high fees, low liquidity of underlying portfolio, an asset class that’s shrinking and narrow expertise of management. But fees first and foremost.
@MSF I actually think it's a good thing Vanguard is outsourcing some proxy voting, given its lackluster record. I think for instance Wellington Management could do a better job on the ESG front as it has more experience in this area.
I'm not sure most people who watch Fox realize that there is a difference between it's actual news team, which Cavuto is on, and its extreme rightwing opinion shows like Hannity. But Cavuto was apparently evoking that.
Actually, it very much is Vanguard's business: https://forbes.com/sites/karstenstrauss/2018/01/25/more-evidence-that-company-diversity-leads-to-better-profits/#790fe7db1bc7
