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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
Suspect not many funds beat the SP500 this year. Applicable comparison or not.
A revenge year for the buy & hold investors =).
And those that didn't think too much.
And, to a the 10-month SMA trend investors.
Happy New Year Scott!
No changes since last post.
Own OXY in energy and through GE, which continues to stall in mid 20s.
BAC marches on. Will be interesting to see how market reacts if it restores its dividend. Here's the sad picture, since 2007.…
Hi again NumbersGal. Eye watering numbers...tears of joy long term and across full cycles, tears of pain during drawdowns...more severe than the annualized numbers show. But I suspect not many funds have beaten the SP500 3% annualized for the past 2…
Yeah, I know...
But his is a headline driven business.
Did he give the media the coal?
Really do not think the GAA reference here serves Mr. Jaffe well.
@JohnChisum. You're absolutely right. Like at MIT, good deeds were always rewarded with more work. Cambria tries to do the right thing here, and it gets coal? Good grief. So much for reinforcing good behavior. Just what we need in this business. Hey…
@expatsp. Me too with BB. FAAFX a drag. WBMIX did not help either...neither did SIGIX, although it at least nicely beat in its category, as is usual for Mr. Foster.
One day the Great Pumpkin will come to we loyal investors in FAAFX =).
Fortunatel…
Enjoyed this memo from Mr. Marks, as usual.
Think Scott, Junkster, others will too.
Here's link to pdf, JIC:
http://www.oaktreecapital.com/MemoTree/The Lessons of Oil.pdf
SPY 10, 50, 200 day averages all positive.
SP500 up 14.5% YTD. How many of us can claim that? Not me, I'm up YTD only 2-3%.
Although, volume seems a little skittish...
So, here's the thing...
Is Sears SHLD now a value buy? Based on fundamentals? (BB apparently thinks it is.)
Or, have the fundamentals changed and it is a value trap?
I suspect that being able to distinguish which is correct, in advance, is key to…
So you have to say to yourself, "What's gonna happen in the next 10, 20, 30 years? Do I think the General Electrics, the Sears, the WalMarts, the MicroSofts, the Mercks, the Johnson & Johnsons, the Gillettes, AnheiserBusch, are they going to be …
And AIG, Fannie, Freddie...there's still hope. I know.
My point is that it's always easier after the fact to say a blue chip like company is not going to fail.
D&C bought Wachovia all the way down I believe. Do you think they were properly ass…
Most have struggled this year, as the article mentions...one of my favorites WBMIX is off 3.5% YTD. Honestly, hard to beat the pure index in this market.
I don't think the article mentioned a different kind of long/short strategy that is doing well…
@MJG.
I love you man.
Beautiful post.
Save for a rainy day, yet, tomorrow will take care of itself. Silence is golden, yet, the squeaky wheel gets the grease. Faint hearts never win, yet, the meek shall inherit the world. And, especially applicabl…
Ha! I saw RSH actually closed at 38 cents, up 27% from intra-day low. Can you believe that? And, 17% for day. Good grief.
@Ted. I believe that the marketing exec responsible for the good ad you posted just departed the company. One of a few top exe…
Let's hope.
I did same recently with oil.
Whole sector tanked, but oil "not going away."
Honestly, like several of them...APA, HES, XOM...but chose OXY.
Fingers-crossed...a bit of luck always helps.
@Scott.
Hard for me not to like the financial strength of this company...
I jumped in after 1) all companies in this category (e.g. Tyson) slumped beginning in summer over concerns like Chinese chicken flu, and 2) Sanderson mentioned that "ca…
sell when up, buy when Down
Like so much advice on investing, this runs contrary to momentum strategies, or even the Lynch adage of letting winners runs.
Well meaning investment advice it seems is full of contradiction.
Each investor must reconcil…
OMG.
In California, still close to $3...taxes, taxes.
$1.76 in Oklahoma City! Sam's Club
Ha!
http://www.oklahomacitygasprices.com/Oklahoma_City_-_North/index.aspx
