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.
SC justices can be impeached just like members of the executive branch. Don’t look to exotic cures like packing the court or limiting terms. Those end-arounds IMHJ would worsen matters and amplify the unwanted political component.
I favor impeachm…
+1
Yes - Thanks for jogging my memory. Me wonders whether rank & file in some other unions were persuaded by rhetoric that this was a dandy idea, not realizing the repercussions would be far reaching and last for many decades.
As others note …
snake in the grass
noun
A treacherous person.A deceitful or treacherous person.
Right @Derf - However, “The verb ’snake’ is also used when talking about someone behaving in a fiendish, snake-like way.” (from Dictionary.com)
Example: “He s…
@BenWP - Nice summation.
We watched it happen in slow motion. You’ve explained it much better than I could. I’ll just add that it seemed despicable at the time when several major airlines were allowed to declare bankruptcy with the obvious intent…
FD said, ”Why bring politics into an investment site when our country is divided?”
You’re right FD. On that you and I agree. Plus, there’s an OT section for those of us who want to soil our hands discussing the tortured soul.
@FD - Personal offense? None. But thanks. I appreciate the sentiment.
From your latest linked article - Why Average Investors Earn Below-Average Market Returns :
“Investor behavior is illogical and often based on emotion. That does not lead to …
FD - Please use quotation marks around or italicize my words when you quote them so readers know you’re quoting me. Thanks.
To your point … If hanging around discussion boards 15 years makes someone an expert, than over a dozen here, including my…
By electing a conscienceless snake. Simple as that. What's most depressing is the number of people who seem to like that.
That’s like saying the tap water tastes bad because there’s mud in it. What the hell caused the mud?
I’m thinking (1) the shi…
He needs to start his own new school of investing. Uncooperative pupils here.
OJ borrowed an old trick of mine. Add a humorous note at the bottom of a long confusing complex post just to see if anyone read all the way through it. :)
@hank. BF?
Benjamin Franklin (1706-1790)
On Humility …
- “Humility makes great men twice honourable “
- “To be humble to superiors is a duty, to equals courtesy, to inferiors nobleness”
- “If thou hast wit and learning, add to it wisdom and…
“I have seen a lot more investors who lag the market when they own more funds, I mean over 5-7 funds.”
Are you an investment professional? Where did you come by these individual’s performance histories? Must be from somewhere else. It’s quite ra…
Buffett's investment process is focused on purchasing companies with competitive advantages
(wide moats) at a fair price and holding them "forever."
He believes that at least 98% of people who invest should extensively diversify and not trade.
FW…
M* shows VWINX at 5.23% annually for 10 years. I hadn’t realized they hew to a 60/40 allocation until I looked tonight. Somehow thought it was more like 30/70. That 10-year average stacks up very well against similar funds. And it managed to shed …
I’d predict some kind of “in house detention” or other “confinement” at MaraLargo. :)
Hard to see much good in all of this. Country’s heading for serious trouble. Do you really want to incarcerate someone who has 48% of the public and 80% of hi…
I’ll assume, for the sake of argument, that those favoring a cash heavy allocation must believe that equities at today’s valuations don’t represent a good risk-reward trade off. Who’s to say they’re wrong? BTW - Has Jeremy Grantham weighed in on …
Thanks @Old_Joe. Nice summation.
Rick Rieder of Blackrock went a step further on Bloomberg this morning saying, ”I’m in the no landing camp.”
(How sweet it is!)
All good stuff.
@LarryB - About a year ago (or a bit further back) you were looking at VWINX as a possible spot for most of your assets. Have you discarded that notion?
I’d never argue with folks going all to cash. 5+% is nothing to sneeze at.…
Thanks @dtconroe,
Hope both of us are alive & well in 15 years.
Worth noting that money market funds back in the 70s and up to the 2007-09 financial crisis were less regulated and, while quite safe, took on more risk than they can today. So th…
“ … in my lifetime as an investor, I haven’t seen cash yields this high ”
Gosh, I do remember earning 15-20% on money market funds during my early working years. :)
Along with that, the aisles in grocery stores (1970s) were often filled with stor…
Thanks guys. Yes, rforno knows an awful lot about cyber security. Jogged my brain with some of his comments in that thread,
Good article from CNet. I’ll take a look at my cards’ websites to see if there’s a special link. Yes, especially good fo…
I took my first overseas trip ever (to England) a few days before the Nov. 8, 2016 election. (Voted absentee of course) Part of me feared he’d be elected and I didn’t want to be in the country when it happened. So I learned of the outcome early i…
Rather than start a new thread - - -
Does anyone use “virtual credit cards” for online purchases / subscriptions? If yes, what’s the best way to get started? Should you install a certain App that would work with all your cards? Or is there an …
Haven't bought paint recently. I buy Dunn Edwards when I do. They provide Munsell numbers on their colors which makes it a lot easier to do a great job -- assuming you're doing the proper prep work.
Benjamin Moore's color "system" requires an advan…
Good news is that Fitch is NOT downgrading all US financials to AA+ (as the S&P did in 2011). So, Fitch is maintaining AAA ratings for "New York Life Insurance Company, Northwestern Mutual Life Insurance Co. and Teachers Insurance and Annuity As…
” Of course, that doesn't include the companies they own outright … “
Yes. That sounds right. And something I hadn’t considered before. Thanks @WABAC
Paint? Grand theft larceny. Who has time to shop around for paint prices when doing a job? …
“Well, how much cash in Munger holding these days, and how is his portfolio doing?”
Berkshire remains heavy on cash. Best recollection is north of 20%. Around 40% of their equity stake is in AAPL (+54% YTD).
Berkshire lost a bit in 2022, but …
I’m befuddled as to where the markets are heading (I mean more so than usual). Took a bit of risk off the table this week. I don’t think the downgrade in credit rating was a big reason for today’s turbulence. Maybe a good excuse to unload some over…
Think it was premature to say that US may not enter a mild recession, i.e. soft landing. It is a question of when and how severe the recession will be. Many conflicting data right now with the tight labor market, low unemployment rate, falling CPI, …
I'm see RED as of 10 CST.
Don’t look. It won’t hurt as much. But if you must … check out the metals and energy sectors. Probably down twice as much as equities. Did somebody say ”recession”?
”The move by Fitch now gives the US two AA+ ratings. That could raise a problem for funds or index trackers with a AAA-only mandate, opening up the possibility of forced sales for compliance reasons.”
From Bloomberg’s website this morning.
Good article from FD.
Not mentioned in the article, but as a citizen investing in municipal bonds makes me feel good to see my money being put to work building schools, bridges, libraries and the like. So I’ve been bitten a little recently. B…
The one I have plays in the upper tier of the high yield market. When I bought it I assumed (perhaps incorrectly) that these might be a tad superior in quality (likelihood of getting repaid) compared to corporate HY. I can’t verify that. But it he…
