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.
To cop a line from Phantom of the Opera - ”These things do happen” ... :)
BHP is down slightly today. Worth noting - It is down about 5% the past 5 days according to Google.
Friday was a big quarterly options expiration date. Likely played a part.…
”A few hours after the policy was announced Sunday, Musk appeared to contradict it in a tweet that said, "Casually sharing occasional links is fine, but no more relentless advertising of competitors for free, which is absurd in the extreme."
If Te…
@hank- Didn't know that fiber had gotten there. How do the prices compare vs Starlink?
@Old_Joe - Am near the end a dead-end road along Lake Michigan. Very remote area. A local utility started running fiber out here about 3 years ago. I guess the …
Thanks @Sven. Good read. I don’t know what to think. But I think Marks would be the first to say his approach isn’t for everyone. Apparently VG didn’t see the merit. Likely his fund had relatively high expenses. Different strokes for different fo…
Have it your way @Mark. If “understanding his concern” rubs you the wrong way, I’m sorry. A lot of things are public knowledge. Doesn’t necessarily mean they bear repeating on Twitter or MFO or anywhere else.
I’m delighted to be posting using St…
Nice to see @Junkster posting. Double-checked that number. And it’s accurate (according to the article) as previously stated. However - I misstated the time period being measured and have corrected the OP. Two things influenced the lower number o…
No strong opinion on this. Certainly don’t approve of the changes he’s making at Twitter. To the extent he was genuinely concerned about stalking / tracking public figures I’d have to say I also agree with the concern. Hell, the wingnuts were atte…
Thanks, @rforno.
@hank my single stocks still comprise a bit less than 10% of overall total.
Just under 9% individual stocks here. Did cut back in recent weeks as noted elsewhere. Mutual funds comprise about 70%. Remainder in ETFs and a couple…
Agree with @MikeM that stocks are tough for small investors. Long term, personally, I’ll take good low-cost actively managed funds over anything else. I presently have only 4 stocks. A couple very small holds in metals / mining. Need to trade …
Adding on to what @Crash posted …
Financials have had a tough year. I played with a couple banks earlier in the year and avoided getting burned too badly. They seem to have sunk again after I bailed a month ago. Too hot for me. The problem seems t…
Is he talking about his Sea Change memo?
I’ll save folks a few thousand words of reading. The ”sea change” comes at the very end of Mark’s memo:
“We’ve gone from the low-return world of 2009-21 to a full-return world, and it may become more so in t…
On a volatile day, ALL volatilities were DOWN: stock VIX, VXN, RVX; bond MOVE;
EM VXEEM; gold GVZ; oil OVX. In fact, several crashed by 10% or more.
This was also unusual.
Agree. Strange day. Dollar must of gotten hit hard on the prospect of lower …
@BenWP - Re ”Skyfaring: A Journey with a Pilot” by Mark Vanhoenacker
Thanks for the tip. I picked up the audible version. The author flew the 747 and seemed to have an affection for it. Agree it’s a fascinating book. I love aviation. Suspect we…
Don’t know much about Zulauf. Runs a consulting firm. Lives in Switzerland. Writes a newsletter. ISTM he was a member of the Barron’s annual “Roundtable” for many years and was a lot more pessimistic than most other members, including Gabelli and Co…
”The overview remains for me, as from 1978; that we invest in an ever dynamic market place that has more nuts and bolts today, than in the past, IMHO. Use the best tool box one can manage to understand to keep those nuts and bolts holding together w…
@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?
