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.
@Old_Joe -
Wife is right about quality of work improving.
I recall 25 years ago or more when the internet was in infancy. An “enterprising” student turned in a “too good to be true” research paper. Not even having internet at home yet, it blew m…
Excerpts from @BaseballFan’s OP …
”I believe inflation will be sticky” - Agree
”balance sheet tightening continues”- You mean the Fed? One pundit I follow thinks this will be so “until something breaks” (leading to reversal of Fed tightening). …
I’ll be sticking with the same allocation model I’ve used all this year. By design it allows for adding or reducing risk when it seems appropriate: 45% Alts / 20-25% Growth / 20-25% Income / 8-12% Speculative
Am still overweighted on the grow…
Larry Summers on this week’s Wall Street Week references this new development as equivalent in significance to the inventions or the wheel and fire. (Overkill me thinks.) And Eric Savitz, writing in this week’s Barron’s, leads off the ”Up & D…
I thought Louis Rukeyser’s 1980 hair style (beginning at the 8:45 mark) was by far the most fascinating aspect.
Both the early guests were good. Worth a second viewing. First good show in a while. If memory serves correct … one recent program dea…
Their main problem is that newer aircraft, with only two or three engines, are a lot cheaper to run.
Bingo! A combination of higher and higher engine reliability ratings plus more and more powerful engines has led to reduced engine numbers across a…
knowledge = power.
The approach seems to have been to pile away as much potentially useful information as possible for later use in unsavory attempts at intimidation, blackmail, threat, revenge or reward. Dirt loves dirt.
Somewhat unrelated - How…
If I owned a car like that it would likely cost me an additional 5k a year in speeding fines.
LOL
Was kinda wondering whether you’d look better sitting in that car or holding the bottle of scotch OJ.?
A jaw-dropping image for sure. The Earth is about 4.5 billion years old. So a “mere” half-billion doesn’t compare, but still a long way back. Such a clear image.
From Silence by Edgar Lee Masters: ”And we are voiceless in the presence of realitie…
Always eager to read what @rforno is buying or selling. :)
Personally ….
- I’ve sold off 2 of my 3 largest equity holdings in recent weeks. Took a nice profit on the global reinsurer I’d held most of the year. Break-even, or a slight loss, on …
@hank -
Warren Buffett on diversification:
"Warren Buffett has famously said he is against diversification. "Diversification is a protection against ignorance," Buffett once said. "[It] makes very little sense for those who know what they're doin…
I’ve thought about this one. But 40%+ in one holding (AAPL)? Kinda shoots holes in the old “diversification” theory. Nothing against their products. There are experienced bears out there who think AAPL is overvalued by a lot / ripe for shorting.…
Near the end of that song: “When the air becomes Urania …” - I was waiting for him to rhyme that with “Crimea” which would have worked lyrically. Missed opportunity.
May be nuclear attack by Russia.
That rich investor may be Elon Musk> Elon Mus…
I guess I don’t need it. :)
Thanks to Old Joe, Carew, Crash + others that might still weigh in. Norton’s basic plan (3 devices) is $39 the first year, but jumps to $90 in subsequent years. So lots of time to deliberate before it comes up for ren…
While every share sold has a buyer, that doesn't mean that things are in equilibrium. It depends who the buyer is. An eager buyer or last-resorts dealer/market-maker who has professional obligations to buy and sell when others won't trade. So, if th…
So does this mean we should be backing up the truck in the direction of ARKK?
Yes and No. In principle I think ARKK will rebound sharply one of these days - probably by the end of this year. Many of its holdings seem to meet Schatz’s definition o…
There’s certainly a lot of negative commentary / sentiment out there. And I’m not buying any more garbage than I already own! Yet - I think it’s worth noting that for every seller on any given day there has to also be a buyer.
Point being: Senti…
Crazy good documentary. 3+ hours long. I’m 30 minutes in. So, if I heard correctly, buying shares in a company is related to sexual fulfillment! Wonder what it means when the shares lose 25% of their value in about 6 months?
I’ve corrected my OP.
In re-reading the article (Title: “Headphones are collecting too much personal data”) it seems they highlighted the user agreement for a set of sound “earbuds” sold by another company. The earbuds have capability to monito…
No doubt short term bonds are paying well. But further out on the curve “plain vanilla” bond funds don’t appear to have fared much better than a diversified mix of equities or many mixed allocation funds. PRGMX, which I’d characterize as holding v…
LOL - How on earth do they monitor your alcohol usage?
Been using an inexpensive set when traveling for around 10 years. Still sound fine. No ANC (active noise cancelling). Exterior showing wear. On a recent flight up to TVC from OHare the Unit…
They sound nice. Probably don’t need the app. Just ordered a set of factory refurbished direct from Bose. Should be sweet. Sony are equally well regarded, but couldn’t compete on price in his instance.
Won’t see much use. But nice on flights.
@hank
We've donated a fair amount this year, local and Michigan; as well as 8 other states campaigns.
Catch- I hope your horses perform(ed) better than mine have so far. :)
@hank Nahh, it's your thread. You should kick us all off. :-)
No. This is really enjoyable!
But please note that the thread was posted under “Fund Discussions”. And that the reference was to a failed fund. Now, pray do tell how we can devolve fr…
- “And now those of us who don't suckle of the teet of the public tax payer with a pension have to fund our retirement in this piece of sheet casino?”
- “Please! I think the appropriate terminology is "feeding from the trough"
This sounds a lot li…
From my OP - “This isn’t to rag on the fund and manager. But just to lend support to the idea that there certainly appears to have been a genuine “bubble” in this sector of the market.”
No disputing it was a bubble. That’s what my modest post meant…
You’re not alone @Anna. Most of us and many fund managers are befuddled by this year’s markets. I’ve assembled below a few adjectives that might apply.
confused bewildered confounded nonplussed bemused baffled stunned puzzled befuddled stumped fl…
+1
Will probably be out of the house. NPR on the car radio carries all this stuff. I contributed substantial $$ to Liz and also to a local R who debunked the conspiracy / fraud lies. Both went down in flames in the primaries. Reminds me of that …
That’s a nice post from @carew388.
Stocks do generally “recover”, although the amount of time to recoup losses and get back to par value can range from days to many years. Depends a lot on how fairly priced they were when purchased. So, stocks bou…
Wow - Don’t know how I missed that article. A “must-read”.
Nice summary on your part here. I remember (80s-90s) when customer service there was a delight. Folks would have “paid up” just to deal with such a thorough, competent, client friendly …
Thanks Yogi -
The drop from yesterday (around 5%) was so large I checked first to see if maybe due to a distribution - but doesn’t appear to be. These types of companies are really volatile. I owned a similar one for perhaps a week or two a whil…
Couldn’t resist - TROW @ $98 this morning is off 48% for the past year. Any takers? :)
PS - Only Jeremy Grantham could enjoy this kind of price action.
Yes, it is going to be interesting and potentially disastrous if the Supreme Court undermines the security of the country in order to push a political agenda that would undermine the rule of law. If so, what the scripter of the majority decision say…
“Bailey Speak” today. Head of BOE, Andrew Bailey, warned investors today they have 3 days to close out (failing) equity positions before the BOE ends monetary support. Hope I got that right. Picked this up mostly on BB. Can’t even link Reuters an…
