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.
Did they find any value in the empties?
As the article notes . . . The problem with storing liquid in wooden barrels is the loss of what's inside over time. Up to a point, that's accounted for in making whiskey, or wine. But I've never read that wh…
Here in Arizona we're going through our first wave.
I'm kind of hoping were just getting through a Memorial Day spike. If not, I'm not sure what it will take to change people's behavior. And we have the 4th of July coming up.
One case is not like the other in my mind.
Doesn't mean I disagree with either of the folks you cited.
But Ms Wheelbarger is a civilian. And Capt. Crozier is not -- obviously.
I don't think it's healthy in the long run for civilians to latch ont…
Some of us have no choice but to fly. But I can't complain. I knew a guy back on the Mainland, way back 20 years ago, who quit flying and drove everywhere. Too much hassle, even back then.
When I was a child, we met an air traffic controller on the…
I'm surprised he didn't ask more of his respondents about the role of the Fed in propping up the system they think is so fundamentally sound, and efficient to boot.
No sales. Just buys. I wish I had bought more for my wife's IRA. Still quite a bit of "dry powder" after transferring out of a retirement plan at Prudential. She still has a nice setup at TIAA-CREF that is fully invested.
There will be more buying …
Every time I read about Grantham I try to remember what "Adam Smith" wrote about him years ago, when Grantham was a young man.
So, I went looking. While I have concluded I'm just going to have to re-read "Adam Smith," I did find a wealth of quotes …
When I was growing up my mind was filled with all sort of ideas about the flag code.
[These days,] though I am native here
And to the manner born, it is a custom
More honor’d in the breach than the observance.
Flag Day used to be a good time to ta…
“Reviewing fund performance at mid year is dangerous business.”
Hi MJG. Yes, if doing so while standing out on the ledge of a 80-story NYC skyscraper, trying to read charts on your tablet in the bright sun’s glare while slipping off your sandals …
I've seen a lot of recent activity attributed to rebalancing defined index portfolios -- like 60-40's.
I have also seen activity attributed to sports bettors with no place to go. The piece seems short on real numbers.
I did not enjoy my ride with…
I have a fair amount of overlap with funds previously mentioned. Among those not mentioned . . .
YTD performance is per M* rather than any picture of my performance.
Neuberger Berman Genesis (NBGNX) has done just fine @ -5.44 YTD . I'm glad I held…
My state (Arizona) would likely be number one on the chart if Governor Maskless hadn't imposed a week-long curfew on the state after the Battle of Scottsdale.
Last numbers I saw, cases were up around 70%, and testing is up around 50%. Hospital occu…
How long is "foreseeable?" Aren't we just a black swan away? Maybe even a rumor of a black swan.
Yardeni's formula seems facetious -- with an edge -- to me. It put me in mind of a government leveraged penultimate stage of the Minsky cycle.
I'm more worried about the punchline to his post:
Long live the bull market! Now we have to worry that MAMU might lead to its demise since meltups tend to be followed by meltdowns!
What I find on his linkedin page is he's a Stanford MBA. He doesn't mention being a professor. He's a clever writer. Hammer and dance is a colorful analogy. And he does a good job communicating some things that need to be understood.
But when I thi…
Bolsanaro makes our nut wannabe dictator of a president seem sane by comparison. Bolsanaro's a real dictator in the making. Ours is just a reality TV version.
Not sure I agree ... But that must be what O’Connell and buddies are banking on. I agre…
GLFOX is more like owning the railroads, electric company, and waterworks from Monopoly. All the infrastructure is already built. And half of that is utilities.
YTD performance is in the same league as Vanguard's utility index (VUIAX), but pays a …
""What people may have learned for white-collar services jobs, in particular, during the work-from-home lockdown situation, at least in my perspective — I've talked to a lot of my peers on this — I kind of learned who was really doing the work and …
Haven't read much substantive since I finished two massive collections of Ursula Le Guin's novellas and short stories.
I find Arts and Letters Daily to be worthwhile grazing. I hope to get a subscription to the Atlantic for Father's Day. And there …
Hospitalizations are a quicker and better indicator but not all states report them, for obvious reasons.
This site is not bad for looking at that. You have to click around a bit to get to the charts.
@Catch22. Ask and you shalt receive. Here’s Franklin’s comments re Chastity and a much better link and write-up as well. Wondering if the editors left it out of my earlier one on purpose? Maybe too “racy” for them? (These issues of distortion, ce…
Given the varying rates on testing, I look at the fatality rate. Which may only be slightly more accurate. However, the doubling rate of fatalities continues to improve:
dinky linky.
We are well past the stage where it was doubling every three day…
This fund has been more stalwart for me than FMIJX. I am particularly happy about the expense ratio given their assets under management, and the ER of some of their other funds.
I am always on the lookout for funds that pay attention to balance she…
Things were going downhill before the update.
I have now received one invitation to rejoin at a bargain price.
I would have to see significant changes before I renewed. I think retail investors are now an after-thought.
@FD1000 - But you misunderstand. I’m not attaching “blame”. He just happened to be the guy standing watch when the ship began sinking. I still think it a convenient label. :)
Addendum: Attaching blame is difficult. Like I said, the virus provide…
Turns out he sold a boat load of his Goldman Sachs too, eighty-four percent.
Did Buffet not get the memo that you can't fight the Fed? I read his investment obituary at one of the popular websites this week.
"Rage against the dying of the light"
I define fun money as 50~100 bucks. Not sure I'ld buy an historical manufacturing icon just yet though. Not sure anybody wants what they're making. I'ld have to have a lot of money lying around before I'ld take a 25K flyer on a stumbling investment …
what's interesting is to not use longest time frame but to set the start date to 2007, so you're going into retirement at a very bad time. i did it w PRWCX. started with 1 mil and at the end of 2019 you had 780k with a max drawdown of 55%, at the …
