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
"All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment." John Kenneth Galbraith - A Short History of Financial Euphoria Historically, there is a lot of trut…
@Ted, "its doing a dishonor to the office of the President of the United States."
Hamilton was never president. If anything, Hamilton was in opposition to a major president--John Adams--whom he tried and succeeded in thwarting.
@OldJoe
I think hank, heezsafe and I were also being rather facetious. Wouldn't the Monty Python clip be a tip off? Regarding the Roman empire, I do think there is some resemblance but not because of currency devaluation. I actually wrote a piece a…
“We observe that the invading barbarians found Rome weak because the agricultural population which formally supplied the legions with hardy and patriotic warriors fighting for land had been replaced by slaves laboring listlessly on vast farms owned …
@David While it's true managing cash flows can be challenging, that is more so I think for funds that are currently or must always be fully invested. So I find it a little hard to believe FPA's rationale in this case as it is 37% in cash. That much …
@DanHardy And I can only find it disturbing that you can make some sort of moral equivalency between Dex telling me to go kill myself and my segueing in a thread about "too much stuff" into a riff on how that leads to climate change. I can only say …
@Dan And yet I think the characterization of "troll" is correct here. With regard to he who shall not be named, he has made numerous rather offensive comments regarding Muslims and immigrants and ad hominem attacks. In my case, he actually said wit…
@Dan et al. To me the question isn't whether language is grammatically correct or not but who decides what is grammatically correct or not? Historically, the roots of "proper" syntax and diction have everything to do with class, power and race. They…
@Old_Joe, I agree with you. Your comments have almost a Shakesperian ring: "it's always a difficult call whether to ignore someone who is deliberately and consistently offensive, (thereby appearing to accept such behavior) or to attempt to meet the …
@Dex. Again you contort all logic. You've no doubt heard of the term "melting pot?" People intermarry in the U.S. all the time even if it is not often between races. German Americans marry French Americans and French Americans marry Irish ones, etc.…
@Dex Cultures that are genetically homogeneous are more prone to disease, not less. It's called inbreeding and historically it has been disastrous for health: https://en.wikipedia.org/wiki/Inbreeding The fact that the U.S. has a heterogeneous gene …
@BenWP The shorter life expectancy involves a number of factors, but partly it is our healthcare system, despite claims to the contrary:
healthsystemtracker.org/chart-collection/how-does-the-quality-of-the-u-s-healthcare-system-compare-to-other-coun…
_________ Annual Cigarettes __________ Average
Country __Per Capita (Adults) _____________ Life expectancy
Japan ______1,841 __________________ 84
Spain …
I wonder if this decision isn't based on marketing the other funds at the shop. Like nation states with an ugly past, fund families often try to erase theirs from the history books by liquidating or merging their worst performers. I find the decisio…
@Ted, Actually, it appears quite the opposite. You're the one with the wedgy over having any sort of political debate on this site while busy posting politically biased videos. It seems like the only political opinions acceptable to you are your own…
"Psst, we've got billions of this junk lying around about to default. We've got to find some suckers--I mean investors--to unload it on. Say we're bullish."
@vkt Your constant sarcasm reveals the emotionalism beneath your own "facts." There, see I can use quotes to cast doubt, too. And where are we?--Nowhere. So go back to your programming and I'll go back to mine. Each person is his own universe.
@vkt, The interesting thing is you assume what you're saying is "fact" and what I'm saying is radical opinion while I think what you're saying is radical opinion and what I'm saying is fact. Somehow if I disagree with you I'm simply being "emotional…
@vkt. What MJG said and what you just said are two different things. MJG said: "Capitalism does not produce without purpose: it judiciously produces to satisfy the anticipated and directed needs of the masses." For a market to exist in capitalism it…
@vkt I am not talking about investment capital. I am talking about financial capital, i.e., currency/cash/doubloons and the market for goods and services. You are misunderstanding me again. When people buy food or luxuries, they are not looking for …
@MJG You say: "Capitalism does not produce without purpose: it judiciously produces to satisfy the anticipated and directed needs of the masses." This is factually incorrect. It produces to satisfy the needs of those with financial capital. At this …
It's true, anyone can become one of those 62 in the land of opportunity where the streets are paved with gold. As they say, all you need is a dollar and a dream. Only problem is Powerball is now $2. So revision: All you need is $2 and a dream and yo…
Sometimes a lawyer might deflect the blame to a specific party within an organization rather than implicate the entire organization itself. So I don't think the statement that any misdeeds are "contrary to Vanguard's good-faith" efforts is so foolis…
@DlphOracle, If that strategy works for you, good. My point was that investors should find a strategy that works for them and stick to it--discipline. But regarding holding for the long term through thick and thin, read this: ibd.morningstar.com/ar…
I think the most important thing is to find a workable investment strategy and then stick to it by maintaining your discipline in every kind of market. If you're a value investor who does his homework and believes in buy and hold investing, then you…
@Dex. It is not just the global food system, but the consumption of meat and certain water-intensive vegetables in particular that is exacerbating emissions: scientificamerican.com/article/lettuce-produces-more-greenhouse-gas-emissions-than-bacon-do…
There are 406 different kinds of fake poop on Amazon: amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=fake+poopWe definitely have a problem with overcapacity, i.e., too much 'stuff" in Carlin's words. This has significant env…
@vkt, I am not talking about an opinion. I am talking about a structural fact of the system we have. Profits are made for any outside investor by extracting value from workers doing the labor to produce those profits while the outside investor does …
