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.
Reply to @scott: After allegedly having staff smuggle proprietary data out of TCW in their bras:
http://dealbreaker.com/2011/07/secretary-cleavage-played-pivotal-part-in-jeffrey-gundlachs-alleged-tcw-theft/
1) JOE would be a bigger percentage of FAIRX's assets if the stock had performed better up until now.
2) This is a hell of a story watching such a talented manager seeming to go all Capt. Ahab on this stock. Is it really worth all the attention h…
Bruce may have caught a break today with Buffet's BAC buy:
http://www.businessinsider.com/berkowitz-just-made-at-least-1285-million-on-bank-of-america-in-one-hour-2011-8
Here's a comment from The Reformed Broker:
"...investors in Fairholme need to ask themselves the following:
If Bruce Berkowitz's massive, concentrated stakes in the banking sector weren't so widely publicized and criticized, would he still be stic…
There's also DBA and AGF from PowerShares. The former is an ETF and the latter is an ETN.
Here's a full list, according to Yahoo Finance:
http://finance.yahoo.com/etf/browser/mkt?c=etf_aa&k=5&f=0&o=d&cs=1&ce=24
Barry Ritholz has a new piece at his blog about when to sell a mutual fund, the (unnamed) example is FAIRX.
http://www.ritholtz.com/blog/2011/05/when-should-you-fire-your-mutual-fund-manager-2/
Existing investors were not allowed to invest more. Believe me, I certainly would have as my initial small purchase (right after the fund launched) rather quickly turned into a 10-bagger. Turner locked it down tight, however, and it became a bit of …