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
From the podcast: "The lives of the richest people in the world are so different from those of the rest of us, it's almost literally unimaginable. National borders are nothing to them. They might as well not exist. The laws are nothing to them. They…
Listen carefully to the same story on FOX and NPR. They are both biased in their language, slant and emphasis. If you agree with them you don't notice it, unless you really listen carefully
No. False moral equivalency.
There was definitely some qualitative pruning that needed to be done to come up with actively managed funds--no indexers or enhanced indexers--to find funds where cash was for strategic purposes of active management. Also, the way Morningstar Direct…
@MSF Some of the funds that show up with an ordinary screen are index funds themselves or smart beta funds that hold weird cash positions while using derivatives to get full stock exposure. In fact, online for instance a number of Pimco enhanced ind…
Civics and political theory classes should be mandatory in high school, election day should be on the weekend, preferably two days, Saturday and Sunday, and citizens should receive a tax credit for voting. Ban gerrymandering, get rid of private poli…
Delivering 9% annualized over the past decade while holding significant amounts of cash is truly impressive. On a risk-adjusted basis this fund scores well.
performance.morningstar.com/fund/ratings-risk.action?t=TILDX®ion=usa&culture=en-U…
The cash doesn't bother me if it's still managing to outperform and it is. The small $25 million asset base is precisely my point. I'm surprised given its performance and risk profile more investors haven't noticed it.
@Davidrmoran Great and revealing article on this subject regarding Zerohedge Blog here:
https://newyorker.com/news/benjamin-wallace-wells/is-the-alt-right-for-real
And the usual knee-jerk insults. Just remember: Feelings matter more than facts. If you feel climate change is a hoax, it doesn't matter what the science proves. And if you feel that both political parties are equally corrupt when it comes to gerrym…
@bartab Tell you what, let’s get rid of gerrymandering for both Republicans and Democrats and see which party has more representatives in Congress and local governments afterwards.
Nothing stock investors hate more than seeing workers getting paid better wages:
https://reuters.com/article/us-markets-selloff-explainer/explainer-why-higher-wages-are-whacking-global-stock-markets-idUSKBN1FP28A
The question I have for Ted is why do you have a picture of George C. Scott playing Patton as your avatar and frequently post pro-military messages and patriotic Youtube videos, and yet you don't care about this issue?
@Maurice
And by the way FDR oversaw the two worst Depressions in the last 100 years.
What sort of nonsense are you spewing?
The Great Depression began in 1929 under Herbert Hoover, a pro-business, low-tax, anti-New Deal/anti-"socialist" Republican. …
Ritholtz may be right that tax cuts are good for the stock market, but is wrong or intentionally misleading about their impact on the overall economy. It is disingenuous to call corporate tax cuts Keynesian fiscal stimulus in any traditional sense a…
@Ted The questions to me are do we expect the S&P 500 to deliver 16.08% annualized over the next five years and do long-short funds do what they're supposed to do in a downturn? I don't think it's fair to compare their returns to the S&P in …
From July 30th, 2007: https://forbes.com/2007/07/30/pullback-panic-subprime-pf-ii-in_jk_0730soapbox_inl.html#4a7eccd8266e
macrotrends.net/2324/sp-500-historical-chart-data
"But he is also president, and normal Americans — that is, those who hold the outcome of the next election in their hands — do not want him to fail. "
What is a "normal American?" What does this author really mean when he says that? Also, in the u…
I agree that race has long been a tool used by elites to divide the lower class masses--see the Southern Strategy--which the article I just linked above challenges in interesting ways. But that doesn't quite explain why certain members of the elite…
Speaking of motives, an interesting analysis by a former Republican:
https://forbes.com/sites/chrisladd/2017/03/27/pastors-not-politicians-turned-dixie-republican/#558ffa9b695f
On average, in the long run, you will lose money if you hold them [bear market funds]. Over time, stocks tend to go up more -- and more often -- than they go down.
Since finance isn't physics with natural laws such as gravity--and even Newtonian phy…
Half of Amazon's success in the U.S. was being a tax dodge, the other half was not having any inefficient costly to operate bricks and mortar stores. Neither of those advantages exist anymore. Now what it has is scale. But so does Walmart.
What people generally mean when they say things are getting too "political" is political views they personally disagree with are being expressed. More than half of the Roundtable cover story discussed the new tax law and how that will affect corpora…
