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.
Reads: “The raid focused on an alleged money laundering operation that may have involved as much as $350 million and was exposed with the 2015 release of the Panama Papers ...”
Might read: “The raid allegedly focused on a money laundering operation…
How can a strategy said to be market neutral plunge 13-15% YTD?
It’s been an especially rocky and nasty year for most hedge-type funds. In fact, they haven’t done well for many years. And the big hedge funds have experienced huge outflows this year.…
My 2 cents, the biggest problem we have is with people giving press to Trump. We are expending a lot of energy every day continuously on him.
@VintageFreak - You are currently visiting the “Off Topic” section of the board. By clicking on “Fund Disc…
Interesting. DODFX (down 13%+ YTD) has cranked out better than 10% average annual returns over the past 10 years. And over that longer period ranks in the top 5% (5th percentile) of its peers according to Lipper. Gets back to what I said earlier abo…
Living in the Detroit area in the 70s and 80s, it was common for buyers to check date of manufacturer before buying a new vehicle. Common wisdom was “Avoid Fridays and Mondays.” Friday’s because so many workers called in sick. Workers unaccustome…
@ Ted: Are all of those trucks rated at 1/2 ton ?
Derf
Looking at Ted’s list, all look like the company’s “full sized” version rather than mid-sized or compact trucks.
For…
Current Morningstar rating of the 6 Dodge&Cox funds show 4 funds with a 5 Star rating and 2 funds with a 4 Star rating. Not too many fund companies with multiple funds can beat that.
I think their “gross” underperformance in ‘08 was likely a one…
Perhaps an unrelated thought : A lot of funds’ “trajectories” during 2018 are beginning to resemble that of an errant missile launch. Off the pad in January they soared to record heights by September. But over the past month or two they’ve fallen b…
@MikeM - Thanks for your illumination. I’ll admit to engaging in some over the top hyperbole. But (in defense) please note that I did cite the average price paid ($48,377) as determined by Edmunds in my initial blurb.
Yes - one’s needs and concept…
@hank: If you hang around the new truck lot, you're going to be tempted...
Once upon a time. Not any longer. You can buy three new Honda Accords for the price of that $73,000 F150. Than you can drive one of them nearly 3X farther on a gallon of gas.…
@Mark is correct. D&C was a train-wreck during the late ‘07 to early ‘09 market collapse. One of the worst performers across all their equity funds. Some of their funds lost more than 50% during that 2-3 year period. Their balanced fund, DODBX, …
Here's one more related story. (It's becoming difficult nowadays to distinguish "hard news" from comedy.)
NASA to launch safety review of SpaceX and Boeing after video of Elon Musk smoking pot rankled agency leaders https://www.washingtonpost.com/b…
@MFO Members: You can smell the rot!
And this, “During the Great Depression, with thousands on bread lines, farmers were instructed by the New Deal Agricultural Adjustment Act to produce less food in order to stabilize food prices and restore the …
Don’t know if it’s true anymore. But a long time MI farmer with what would have been considered a “big” family owned farm in the 80s or 90s told me once that “the name of the game” was “playing the government.” That’s how he made money. I supposed i…
Investing over time tends to humble all of us. Sometimes I think we need a thread about our dumbest investments or decisions over the years.
@Ted - Your 1-2 minute clip seemed so tantalizing I located the full 10-minute Utube video of Mr. Cordier s…
@Ted, people corn or pig corn?
Don't know if this helps, but according to Scientific American:
"Today’s corn crop is mainly used for biofuels (roughly 40 percent of U.S. corn is used for ethanol) and as animal feed (roughly 36 percent of U.S. cor…
Yes indeed. I have a fund CTFAX (Columbia Thermostat Fund) that buys the dips and sell the rips.
What a novel idea for a fund. I can see the merits of such a fund.
In a similar vein, does anyone know of a fund that sells its winners and buys los…
@hank etal
Full interview now available and posted in the first section of this thread, if you choose to watch again.
I’ll pass (enough excitement for 1 day :)). But I highly recommend either the Ray Dalio TV interview Catch linked or the (near…
@BemWP, Thanks. Haven’t checked out your links yet, but will. As you know the 737 is an indefatigable workhorse of the industry and a highly reliable, safe plane. It would be concerning if Boeing let something like the (new) auto-correct feature s…
Thanks@Ted. Your podcast is eerily similar to the live Bloomberg telecast both Catch and I viewed this morning. Same series. Same interviewer. Same interviewee. Same length. While I’ve only listened to the opening snippet, it appears to plow the sam…
Thanks@Ted. Same interviewer and interviewee. Different interview, however, from today’s “live” telecast which Catch and I both viewed. I haven’t listened to the entire podcast you linked. But from from the opening remarks, I’m assuming they plow th…
BUMP. @Catch22 mentions this thread in his response to my “Anybody Buying” thread. I thought I should bump it over to the Discussions+ area.
Yeah - 40% (equity) sounds pretty close to where we are. I’ve got a toe in so many specialty / alternative …
Hi Catch. Damn ... I didn’t realize that was Ritholtz doing most of the questioning. (There were also some audience questions.) I wondered why the interviewer didn’t come across as more media-savvy. Lots of respect for Ritholtz - just not the best …
Geez. How’d I miss owning that one?
:)
Seriously, today’s markets (to me anyway) are beginning to resemble something like the infamous Bermuda Triangle or perhaps a chapter out of Alice in Wonderland. Up is down. Big is small. Right is left. In a …
One of the article’s embedded links mentions that Jones’ hedge fund has fallen on “hard times” lately and has suffered big redemptions. That’s pretty much the story across the whole lot as I’ve been reading. Hedge funds generally are having a tough …
@Old_Joe, How’s the President’s attempt to make “political hay” out of this enormous tragedy going over out there in California?
https://www.businessinsider.com/trump-continues-to-blame-wildfires-on-forest-mismanagement-2018-11
Appears that there remains graduations within the brackets as previous, not simple cut-off points for dollar amounts......take a peek at the U.S. Tax Center. NOTE: This is not the IRS.gov web site.
Thanks @Catch22,
Occurred to me later on that …
That’s nuts. Where’s the fairness in a 10% bump in tax rate based on a $1 increase in income?
Filing Single with income of $39,475 / tax rate = 12%
Filing Single with income of $39,476 / tax rate = 22%
Married, filing jointly, with income of $…
:)
Actually, we’re in a similar situation. No NG in our area. Have a 500 gallon propane tank (known as a “pig”) in the yard and a local supplier delivers by truck. Years ago the neighborhood association attempted to move everyone to a “small loca…
There are lots of rural areas which don't have natural gas supplies- they use either bottled propane or small local propane distribution systems.
Sounds like you know your gas.
It’s interesting that Bloomberg TV didn’t start promoting the NG story until today - after the two more noteworthy days. They’re a day late to the party, as NG is currently down nearly 15%. (I’ll never understand commodities.)
Another story Bloombe…
“Portfolio diversification is a winning strategy because some different investment products go up while others go down. In this way, the diversification tactic reduces overall portfolio volatility and enhances total geometric portfolio reward.”
Wel…
How good is Dalio? Don’t know. I think he’s a darn good speaker. Could probably sell ice to an Eskimo. I will however confess to reading Fleckenstein. And he shares Dalio’s faith in gold. I just don’t know.
I do know gold blows hot and cold. When …
The futures are already down sharply on the news that both Ted and OJ are planning (or contemplating) selling off some of their mega-holdings. :(
I underwent a similar thought process a few months back. Rather than vacate risky assets completely I…
"Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18."
Duh? That probably simply means that the approach of an election brings about uncertainty (pretty much the…
