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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
I remain against an active moderator with power to edit or delete posts. I doubt even Solomon could govern any modern discussion board wisely. It’s when the discourse becomes ad hominem that is a problem and I think people should just complain when…
I have to conclude that those fees include those of the underlying BDCs themselves, which always have high fees. This is like a fund of closed-end funds in that regard.
Yes, things are worse, but I think it's a mistake to assume that these sorts of tribal animosities haven't always existed in the U.S. and that the election of a figure like Trump wasn't a long time coming. Too many liberals think like this:
In othe…
I honestly don't think they will as long as capital remains global and labor remains local. It's funny how these trade deals and tariffs all focus on the costs and revenues for businesses of international trade. Isn't that one step removed from the …
@MSF Fair enough regarding whataboutism. But I can't resist one more: If it's my money, it's not worth spending, but if I'm happy to spend your money, Doesn't that sound awfully familiar with regard to mutual fund money managers and the fees they ch…
Just out of curiosity, where was this discussion of "moral hazard" when we taxpayers were bailing out the big banks in 2008? Or when fearless leader went bust and his debt was forgiven on various hotels? Somehow the term moral hazard like "personal …
@Ted
Math question: Wouldn't "99.99999%" mean 1 in 10 million of your posts is non-fund related? Since you've "only" started 22658 discussions, that is a mathematical impossibility.
@MSF I think it's a fallacy to assume that income inequality needs to be addressed via healthcare premiums when it can far more easily be addressed via the income tax, capital gains and estate tax system--the proceeds from which can be used to help …
@JohnI truely believe ALL presidents do these kind of deals behind closed doors w/ Iran/Russia/China/North Koreans or US enemies. I Remember Obama gave lots of $$ to Irans and also talked w/ previous USSR president about giving him more freedom unti…
@MSF I'm of two minds here. On the one hand, if one views health care as a basic right (let's say, similar to education or clean water), then it should be provided by the government independent of need - whether you have kids or not, whether you are…
John McCain: https://washingtonpost.com/news/the-fix/wp/2018/07/16/disgraceful-and-tragic-john-mccains-excoriation-of-trump-on-russia-annotated/?noredirect=on&utm_term=.82efe55a0321
@rforno Wait, there's such a thing as a moment of truth? I've heard of such moments, but thought they were only myths, like Sasquatch or the Loch Ness Monster.
“Our society must make it right and possible for old people not to fear the young or be deserted by them, for the test of a civilization is the way that it cares for its helpless members.” Pearl S. Buck
To me a more interesting question is why are U.S. bankruptcy laws applied differently to the common man or woman versus corporations or certain wealthy individuals that happen to currently hold high office?
I don't think Vintage Freak had any bad intentions when he used the word "shyster." I know the word can have negative ethnic connotations, but sometimes you can tell by context whether someone is being nasty or not. The fighting here seems like a bi…
@MSF But the larger question is can health insurance really be like a traditional competitive market with many entrants competing on price? Healthcare is what is called a "wide moat" business with significant barriers to entry which requires signifi…
@MSF A more objective source than the American Enterprise Institute perhaps:
https://kff.org/health-reform/issue-brief/explaining-health-care-reform-risk-adjustment-reinsurance-and-risk-corridors/
Background: Adverse Selection & Risk Selection
…
@VintageFreak I'd hardly call Minerd a shyster, but I would say bond managers tend to be more conservative and bearish than stock ones. Minerd is widely considered one of the best bond managers in the business.
@catch22 In my experience, it is better to own the casino than gamble at the casino. In other words, there are probably a handful of hedge fund managers or traders who will either accurately predict these sorts of fluctuations or get lucky in the sh…
@Ted Then what have Don Draper and the entire advertising industry been working on for decades? Ad people know exactly who the demographic for particular products are and now with Facebook/Google/Twitter tracking our every move, they know more about…
I've concluded it's possible, but to me a larger question is: Does it matter when all of the visible corruption, unethical, immoral, cruel and outrageous behavior is already out in the open and in our faces? I've spoken to people who've theorized ab…
I suspect Heebner got burned this year most by his retail long short bets and his mining ones. I'm looking at the reports and in December of 2017, he was long Walmart, Skechers and Best Buy and short Netflix and Amazon:
https://sec.gov/Archives/edga…
This was from wayyyy back in March, but I imagine the gambling pool has changed since then:
https://vox.com/2018/3/28/17131870/trumps-cabinet-carson-sessions-firing-rumors
I think there's some part of most Fox viewers' brains that realizes what they're watching isn't true. It's not that they believe it to be true. They desperately want it to be. It's like reading fairy tales to children. At some point they recognize t…
I think FAIRX may be easier to time than CGMFX because Berkowitz is a buy and hold investor so out of favor sectors he buys may come back. But Heebner trades a lot, so the portfolio of the fund you're buying now may not be remotely the same a few mo…
Happy Birthday, America. May your promise of all humans being created and treated equally and government by the consent of the governed be one day fulfilled. It may be an idealistic goal that can never be fully achieved, but it is one absolutely wor…
@MJG I guess the question I would ask is why isn't celebrating the Declaration of Independence enough? It is arguably one of the great world documents that has influenced a number of other nations in their pursuit of democracy and independence from …
@MJG
So I checked a few sources. Of course, any quoted percentage must be a little soft given the uncertanties and records of that time. The resources that I visited put the loyalist percentages between 15% and 20%. Allow me to amend my too optimis…
