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.
I don’t know why M* coughed-up its premium analyst rating when I pulled up OAKCX this morning. Not a subscriber. But I coped a piece of it (excerpt from a portion of full report):
”Oakmark Bond Fund earns an Average Process Pillar rating. The i…
Thanks for all the thoughts. Cuts both ways for me. When something I’ve sold (typically a stock) soars another 50% or so in a few months I feel like an idiot. On the other hand, yesterday I picked up something previously owned that had been beate…
”… the secret sauce with which to promote your new investment advisory service …”
Yep. Kind of the antithesis of Jim Cramer. We’ll tell them what we don’t like without the screaming and hand waving. Than they can buy it and make money.
Thanks @Old_Joe - A comprehensive and substantive piece from the WSJ.
Really appreciate the excerpt + your own multipoint summary.
I dropped the WSJ and picked up the FT about a month ago. Both great publications. Once Amazon decided to kill …
@Graust - Thank you.
FWIW, this represented the remainder of what I held for many years at D&C - so essentially closed that account. Since previous transfers came from income funds there, I didn’t think it necessary to do in-kind transfers and …
oh, dear. Worry about THAT? I'd rather stick needles in my eyes. "I have better things to do, like stay in bed and complain." -----Judy Tenuta. (R.I.P.)
Ha!
“Clowns on the left … Jokers to the right” was my first thought.
Just tossed it out as a…
My “Transfer-in-Kind” request went through Monday. Took around 10 days to complete. Previous transfers (D&C to Fido) were done after first liquidating the fund. Those executed faster - in 5-7 days. Today I logged in to direct Fido to “reinve…
It’s well known that Bill Gross cut-his-teeth as a professional blackjack dealer before becoming an investor. Perhaps lesser known is that the legendary Louis Rukeyser of PBS’s Wall Street Week fame was also a devoted casino gambler.
”One cost of c…
Stark, isn’t it?
I do wish the American public appreciated the work our undercover operatives abroad do and the danger they face if uncovered. If they did, there’d be a lot more hullabaloo over the issue of classified materials.
Thanks @BenWP
On another note …..
My understanding from perhaps 3 or 4 months back was that the Wagner Group were well trained paid mercenary warriors operating with the consent and at the discretion of Mr. Putin. Supposedly they were better train…
”I could lay out some bizarre possibilities here (covert in nature) - but will refrain.”
Never mind - ”Biden Denies Any U.S. Involvement” https://time.com/6290479/biden-putin-wagner-revolt/
”It was the first time that the benefits of diversification had been codified and quantified, using advanced mathematics to calculate correlations and variations from the mean.”
Amen
”It's too bad CCOR is stinking up the place this year as I've been interested in this fund for a while. Admittedly, some of my interest faded when short-term Treasuries started yielding over 4% and now 5%. High quality bonds are far more attractive …
“ the valuation on small caps relative to large caps is as extreme as the late 1990s. Remember that the S&P 50 corrected by 50% in 2000-02. The S&P Equal Weight index and small caps vastly outperformed back then.”
That’s been my (uneducated…
MSNBC is following the news as they evolve. Interview with Richard Engle is very informative.
https://msnbc.com/the-last-word/watch/breaking-richard-engel-on-reports-of-attempted-coup-on-putin-in-russia-184441925759
Yes, For a change, CNN is a…
@hank Does a 1035 exchange ring a bell? Still valid.
@catch22 - Nope. Simply a “403-B Custodial Transfer.” Odd in the sense that you were still making systematic contributions to the workplace plan and yet could turn right around and transfer that…
“401k for corporations came later and accidentally. ”
That’s an invitation for further demur ... There were likely many reasons for the 401-K’s emergence - by and large workers’ welfare paramount. But a skeptic might suggest some of the motivation …
I could lay out some bizarre possibilities here (covert in nature) - but will refrain.
The Wagner general is known to be a hot-head who often criticizes the Russian military brass and political leaders. But this is a bit extreme. Taken at fac…
”Many school districts just handover their 403bs to annuity companies and their salesmen to feast. It's a jungle out there.”
Yes, the term “TSA” is testament to the importance of annuities to early 403Bs for public employees. I’ll double-check, but…
Annuities just don't make sense to me: the money ceases to be yours, and it becomes THEIRS. A charitable annuity for X amount may be a nifty way to give to a favorite charity, however. Better when rates are higher.
That’s been my opinion over the ye…
@Baseball_Fan likes to ”bait” folks a little I’ve noticed. :)
That’s OK. Just don’t swallow it hook, line and sinker. I do enjoy his posts most of the time. Has some interesting (albeit conservative leaning) perspectives on the markets and inves…
I saw that top 25% of AUM were the huge high-flying tech stocks too. It makes me hesitate to add-to this ETF at this time (I did buy a few shares on the 2nd day to more easily monitor it's progress). All, except GOOGL, have 14-day RSI scores around …
.@yogibearbull: I admire your work from which all the members here benefit. I also wonder how you get all these data and links out so well and so quickly. The answer may lie in your experience with your new dishwasher. From my reading of your tale I…
ISTM you’re being a bit overly harsh Lewis. It’s a sensational story. Five guys get bolted into a tin can and descend to unimaginable depths to see the fabled Titanic. It’s really dark and dangerous and cold down there. I think that’s most of the …
I sometimes wonder what would have happened if Peter Lynch didn't retire in 1990. Could he have kept it going, or would his magic touch disappeared? Over a 13 year period, he put up 29% annual returns. I don't think it would have lasted, even if…
@LewisBraham Spot on. But what’s new? It’s all about grabbing eyeballs, amping-up the ratings and making more money. We could disparage the networks for operating that way I suppose; but to an extent they’re forced into the game by the need to co…
Nice link @Derf & Thanks
”Carbon fiber composites can be stronger and lighter than steel, making a submersible naturally buoyant. But they can also be prone to sudden failure under stress.”
Reading the Smithsonian story it sounds like they put…
You can find Buffet quotes to support almost any approach, ISTM. I thought @FD1000 made some good observations (for a change). I like Buffet’s saying about “not swimming naked” the best. When “the tide goes out” you may become suddenly “over-expos…
Someone on Big Bang! recently started a thread titled "How can we match or beat PRWCX?".
Looks like Berkshire has managed to beat it. I’m getting average annual returns for 10 years as follow: +11.53% for BRK.A / +11.43% for BRK.B / +10.79% fo…
This isn't the only board where folks are fond of PRWCX. Someone on Big Bang! recently started a thread titled "How can we match or beat PRWCX?"
Cheers!
”If the Federal Reserve follows Summers’s advice and keeps raising interest rates until the economy hits “five years of unemployment above 5 percent,” then millions of people will suffer for absolutely no reason other than as human sacrifices to a d…
Trap door market coming soon? AI bubblicious? Tax receipts way down. Ukraine Russia war getting even bloodier? Waaaaay overvalued stonk market? Hmm
@Baseball_Fan - You made a wise call start of 2022 in choosing HSGFX. Hussie’s not doing so w…
My preference is to look for buys when sentiment is negative and hardly ever when bullish unless we're coming off a blowup to the downside.
I agree @Mark. I suspect however the bullish sentiment is still in the early stages. Hell, Barron’s just wen…
Thanks @Crash.
Brave is very highly rated from my recent reading. I think your warnings about Bing (Microsoft) were accurate. I’ve finally come around to deleting any apps or links to them.
Trying to compartmentalize now. Chrome for everyday …
Reading through the various discussion forums at mfo one gets the sense the mood is improving.
I’ve noticed the same thing. A year ago there seemed much more discussion of the approaching recession and the duel bear markets which were ravaging bo…
