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.
Pete seems to have nine lives. Trump must think he is just as good as 5 stars generals.
Lost at Sea - ”In the extraordinary mishap, the $70 million jet was being towed out of the hanger bay of the USS Harry S. Truman when the crew lost control.”
Thanks @Mona - I skimmed through it. Buffett comes across very well. Coherent and convincing. An advocate of a fairer tax system. I wonder what the year was? I looked at a 2013 Buffett interview with Rose about investing and thought he rambled a l…
I hear that's not going so well.
My point precisely. It’s tough giving up messing with stocks. You say to yourself “Just one or two won’t hurt … “ Then you’re hooked again. I think Pete’s days at DOD are numbered.
Yes, I remember Ed fondly.
Mark - I realize now my earlier post was pretty confusing. Logical question: “What are stocks doing inside a CEF Basket? It started out well (all CEFs). Like Pete, I couldn’t resist temptation and added a few st…
Thanks for the question @Mark.
In February I became disenchanted with one large core holding, an etf “fund-of-funds”, and decided to create my own fund of funds. The idea was to construct a basket of CEFs which would replace the 17% core posi…
In my 14 component CEF basket:
- Sold RIO after a roughly 15% gain in about 8 weeks
- Sold FLO after a roughly 15% loss in about 8 weeks
- Added MCN
- Added HEQ
Took the ”Hegseth Pledge” (Never again touch a drink stock)
Trump must have studied Orwell’s book.
“1984 by George Orwell is a dystopian novel set in a totalitarian society ruled by Big Brother and the Party, where surveillance, propaganda, and thought control dominate. The protagonist, Winston Smith, works…
PRWCX has been closed for years. AUM $64.1 billion.
Yes. Of course. But I believe money has until recently continued to flow in from existing shareholders ballooning the total AUM. Also, ISTM there are still some avenues for entry. There have been…
Thanks @Charles. Nice charts.
After today PRWCX is off about 3.5% YTD. Truly insignificant following consecutive years of +18%. and +24%. The fact some $$ has flowed dribbled out does not surprise. I’d have expected more.
”Fund flows are kind of funny”
I’ll say. I’m having trouble finding a common thread. It does look like bond funds have generated more interest over the past year - perhaps partially owing to the very high stock valuations and folks locking in ga…
Thanks @Mark for the perspective. I always fly first-class (unless international). That’s 50% or more expensive than lesser seats and service. But I love flying. Hard to put a price on soaring above the clouds. The more comfortable the better.
I…
Thanks for the thoughtful write up @FD1000.
I’ll stick with Apple. Very happy with their infrastructure and durability of their products. Sometimes I save by buying used or refurbished. A 3 or 4 year old iphone is fine for my needs at perhaps h…
I tried a couple at Fidelity’s website: CEDIX PRIVX. Nothing surfaced. Apparently Fidelity hasn’t yet caught on to this latest new way to lose money?
Thanks for the article. Very interesting.
11 of the greatest investors of all time
I’ve scoured several lists. They all vary. But Buffett is always on them. I like that John Templeton is listed. But I would also have included Michael Price.
Cathie Wood? LOL - How great do you have to b…
My reference to “longer better” was only when the house is burning down (2008).
According to Yahoo Finance T.Rowe Price’s long term treasury fund PRULX gained 23.26% in 2008 while the overall category gained 27.67%.
Show me an intermediate term bo…
If things get bad enough the very highest quality bonds will shine - and the longer the duration the better. That was the case in ‘07-‘09 when the house nearly burned down (financially speaking). But they did little good in ‘22. Interestingly, DODB…
Thanks Yogi. A quick web search seems to consistently turn up Buffett as the originator. Buffett also has about an 8 year advantage in longevity (ange 94) over the more youthful (age 86) Turner.
I’ll go with Buffett until somebody proves me wr…
So supposedly the buy window is gone? Hmmm.
LOL
Don’t know. I think it was just coincidence Barron’s sent the surveys out in late March / early April right when the markets crumbled. It’s a survey they conduct every spring and fall 6 months apar…
So, buy the expected dip. Except the market doesn't like to comply with our expectations for future performance.
”The latest poll was mailed out in late March, with supplementary tariff-related questions added in early April.”
Unfortunately, these…
Monumental …..
From Politico - ”Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year … ‘I think the time has arrived where Greg (Abel) should become the Chief Executive of…
Nothing but Apple here for 25 years. Never a serious problem. One hack into my DejaOffice App years ago. I learned from that to conceal passwords and not store them so conspicuously they could be stolen.
Years ago before I understood how to “cle…
Dead, anyway. It would have required the Orange signature to become actually real. Not gonna happen.
Yes - but it would have been a “shot across the bow” - a warning that they and their constituents are getting fed up with the circus act. Pretty har…
This thread has veered off track.
I'd suggest that those who wish to discuss/debate T/A use the following thread.
https://www.mutualfundobserver.com/discuss/discussion/63742/timely-t-a-for-stock-investors#latest
+1 Thanks @Observant1. Great idea.…
As usual, who is angry...again?
Does Buffett or Bogle use T/A or recommend it?
On this site, Charles Lynn Bolin has posted excellent analysis of what funds to own; does he use T/A?
On November 13, 2009 Buffet sat for an hour long interview with Ch…
Story continues …. This morning I tried to access my Elan Visa credit card account online just to confirm that they’d received a recent payment from me. I was blocked from account access with a message to call them. In the call they said they’d d…
Executive Branch plans include a secret room designated exclusively for Pete Hegseth.
After imbibing with great gusto, good ole Pete will have a safe space to sleep it off.
Does this special room for Pete have ”Signal Group Chat” installed in it?
”comments aside -- despite my errors, the question I posed above moving OEFs to ETFs remains. Note Tweedy, First Eagle, Oakmark (others) doing the same .”
I’d enjoy a good thread / discussion comparing the benefits of OEFs / CEFs. I think it’s a…
I pay “forecasters” little heed. Worth looking at for whatever logic they bring to bear. Can be educational. A few, I suspect, may have ulterior motives - trying to move markets in one direction or another so they can buy lower or sell higher fo…
