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.
The 'Desiderata'. I received this writing on a beautiful high school graduation card.
I still have that card.
+1
I first read it in a high school lit class. Very moved by it. I have a framed copy on the wall at home and gifted one to a dear friend …
+1 Nice post @BenWP
I was surprised to hear Adams is so hard up he (allegedly) performed illegal acts in return for upgrades from coach to business class - Geez - I willingly cough up the extra dough. Never considered resorting to criminal activi…
I believe county sheriffs are popularity elected on partisan tickets. I never understood this practice.
In my area the public wouldn’t tolerate such abuse of power. But not the case everywhere.
- Did I mention that the Trump Victory can’t get wet? From the Trump website: “The Tourbillon watches are not intended for water exposure.”
Everything You Never Wanted to Know About the Trump Watch
A vineyard in the area has a large Harris / Waltz out in front. Classy for sure. I guess they’re not worried about losing business - even in this red area. The Trump supporters around here are far more likely to consume Thunderbird, Boons Far…
I think I saw a guy hawking those watches inTimes Square for $9.95 a couple months ago. Probably be able to grab one for under $5 next time out. Yes, thanks @rforno for the link.
The topic is significant. But is it significant to investing? To mutual funds? Surely it belongs in "Off-Topic".
Right-on @Ben. I debated a while on where to post this. I thought Wednesday evening when the news first broke it might well fit under “…
Sometimes it is a question of finding out where the elevator is. They don't make them easy to find, but if you do find one in Penn station, they might be dilapidated, but it is better than hauling your suitcase up the stairs. They definitely don't c…
steps - lots of them. Ever hear of escalators?
And why didn’t they restore the direct bus from LGA to Port Authority after the pandemic ended? Lots of people now taking taxis and cluttering the already busy roads who’d be happy taking a bus. The…
I love New York. But taxes & prices in the areas around the theaters (my typical experience) are sky high. Now, if those in authority are siphoning off some of the tax take for personal gain, then that might help explain why the subway is for …
@hank- I just love how when you ask Amazon for something 30 inches tall they give you everything but 30" tall...
Yeah. I click “reviews” and then scroll up and often you’ll see “ask a question.” (It’s hidden pretty well.) Then I type something li…
Thanks for the read @Mona
Oh - The rise in longer term rates makes perfect sense to me. Funny that all the talking heads on Bloomberg were shaking their heads over it in disbelief for several days. (I think their script writers have it correct n…
Just one day. But the 10-year was anything but “golden” today. Rose .062 ppt to 3.795%. Has been doing a slow climb ever since the Fed cut the discount rate last week. So, chances are some intermediate / long-term bond funds have taken a bit of …
+1 / I’d think it has as good a chance as defamation suits against any other ethnic or religious group.
Unrelated - sort of. I searched over an hour online for a Statue of Liberty yard piece to display out front. At least 2.5 feet tall, rigid, 12…
@hank - Please do not erase your post above. I look forward to your posts and learn from them. Thank you.
Appreciate that @Mark. I’ve restored the previously deleted short comment I made September 22 after I’d begun reading your excellent Howard Ma…
Howard Marks credits his initial understanding of different economic systems to a book he read in junior high school!
Lengthy excerpt from near the conclusion:
“My first step toward understanding the workings of the various economic systems came i…
@hank- Please don't be so damned sensitive!
Regards- OJ
Thanks @Old_Joe - I’ll have my sensitivity trainer dial it down a notch next time I see her.
Rough bunch here. :)
@Old_Joe - My remark was strictly referencing Howard Marks’ economic analysis. Perhaps it came across as overly political. Wasn’t meant to be. I have deleted it in the interest of board harmony & avoiding political debate in the investment sec…
+1 / Yes, that’s pretty much the gist of the more bearish money managers I’ve listened to of late. One I heard recently (sorry don’t have name) thinks China will blockade Taiwan sometime in the next 10 years. Doesn’t see an effective U.S. response…
@Crash - Thanks for commenting. I wanted to make it clear to readers that you were responding to the Hough excerpt. I added the second (Morning After) article after you had posted. Regards.
ISTM I’ve come across a couple other money managers the p…
I don’t have the answer. But it seems idiotic to expect every Tom, Dick & Harry to possess the foresight and financial discipline to save for something that may well be 30+ years away and to have enough stashed at that point to make it last ano…
@hank Not sure but couldn't it fall to zero if all shares were up for sale and the highest bid was zero (or no bids)? Also, if the stock closed in penniless?
+1 @Anna / You are correct. I kinda sensed that after I posted but let it stay up. Actually…
DJT: $13.5236 -8.00%
Now ya got me wondering. Can any stock ever fall to 0? This Trump turkey could fall 8% per day on to eternity. No? Even from 10 cents an 8% drop would leave it worth 9.2 cents. A curious mathematical puzzle. Perhaps with…
...And SpaceX will be the one to get the astronauts home, too. Boeing is a shambles. How the Mighty have fallen. Like GE, until their own rise and restructuring from the ashes.
But SpaceX does gamble more than Boeing. Just been lucky to date. Some s…
Ironically that investment grade bonds of all duration fell while high yield bonds held up.
Along with that, utilities fell. VPU off -.78% / Often utilities move in concert with longer dated bonds.
Pushing on a string comes to mind. Try to lowe…
Thanks. As always a good summary from you.
Ditto: Nice summary. Thanks Yogi.
Strange day. Santa Clause Jerome Powell gave the markets what they wanted - a 50 basis point rate cut and promise of more to come. Such ingratitude! Stocks fell. …
Not just near Earth. Humans have left lots of crap on the moon too. Litter. Litter.
Say what you will about SpaceX. But I’ll tell you as perhaps the first in my neighborhood to have broadband, having signed up in advance to be a beta Starlink user,…
I don’t know what the steering wheel mounted paddle shifters on my Honda Accord are supposed to add. Pretty useless. But hybrids are weird anyway. I do use them to downshift / add drag when approaching a corner. Takes less effort than lifting a foot…
You learn so much here. I do look at M* medalist ratings. Taken with large grain of salt of course.. While I can tell a lot of the verbiage is computer generated (sameness of style / often redundant), I had assumed a live human reads them and assig…
Yeah - OJ. That sounds cool. I didn’t realize Toyota had such an automatic tranny. It is possible to shift most manuals w/o a clutch too (known as “power shifting”). But probably not recommended. (Easier after a couple drinks.)
Shifting a manual …
That was the reason I left TRP 3 or 4 years ago. Tried everything to stop the paper statements from coming (web settings, repeated phone calls / complaints). The worse thing was they were sporadic and unpredictable - not regular. Had one been deli…
Just an '82 RX-7
The 1982 Mazda RX-7 was the lightest generation of the RX-7 ever produced. It has a 1,146 cc (1.1 L) 12A engine that produces 100 hp (75 kW; 101 PS) at 6,000 rpm. The car can reach speeds of over 190 km/h (120 mph).
It’s getting scary. Unfortunate that running for office should carry such risk for candidates of either party.
@Anna - Good one. You had me going for a moment. I’ve never cared for cats much.
"Low Information Voters"
True to an extent. But not the full answer.
There are some well informed white supremacists in the mix who know full-well what’s going on with the subtle attacks on minorities (like Haitians) - be they immigrants or not.…
