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.
Support MFO
Donate through PayPal
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
Here's an opposing view, in latest Cook & Bynum letter:
VENTURE CAPITAL SPECULATING
As of 2Q, COBYX is holding 37% cash.
As of 10/2, it's 5.25% for YTD.
If you have not visited their website in a while, it gets better and better...
http://w…
I agree.
What has changed at RSH that will make this loan any different?
Maybe they are just buying time.
Until they can figure a way out.
Break, break.
Think Bed Bath & Beyond is doing well.
How about FrontGate?
Not data.
Perhaps the pull back is healthy for market.
Stop the froth talk.
Anything but irrational exuberance at this point.
Are folks reaching for yield regardless of risk?
I don't see it. Not yet anyway.
This approach seems completely antiquated to me.
Like front loads.
Ultimately indefensible.
Sad too that they use famous academics as shills.
Just do not believe it will persist in current form.
Bottom-line: shareholder unfriendly.
c
Hi LLJB.
Yep. I believe current and new subscribers before 1 Jan will get current rate forever. Those subscribing from 1 Jan and after will pay higher price.
That's what I thought Meb told me at the conference...and, here is a post confirming:
h…
@expatsp.
Ha! Glad somebody else noticed.
I remember similar volatility in both, FAAFX especially, over MBIA. That ended up not a homerun, since Bruce sold too early, but profitable nonetheless.
Absolutely agree.
Again, think only way out of current malaise is 3Q earnings.
Here's look back at SPY and AGG.
SPY not as poor as Russell, still, below 10 day and headed below 50 day moving averages. But, still up more than 8% YTD.
More rec…
Hmmm.
I'd be surprised if this announcement helps stem redemptions.
I suspect that folks drawn to the flagship because of legendary money manager Bill Gross will not be equally drawn to management by committee, as qualified as they may be.
Will b…
Ultimately, the only way to outperform the crowd is to think differently. To see value where others do not. Probably harder to do today more than ever. But stakeholders in Fairholme are paying BB do attempt to do just that...as improbable as it may …
Honest feel The Street has become just trash news. It's awfully presented. Chock full of pop-up ads. Teaser articles. Does anybody really click on those? Worse than National Inquirer. Part of the baggage Mr. Cramer has come to carry around, unfortun…
BB has never charged more than 1%.
Even when he just launched, back in 1999, if I remember.
Similar with SEQUX in the years I have tracked it.
I will use these as benchmarks, along with D&C, when deciding whether other money managers are wort…
Fantastic.
Nice and even summary by Conseulo. Full disclosure,
Classic, deep value investor.
Time will tell...should know in next few years whether he was right.
Trust he's applying same process to SHLD.
Fingers-crossed.
Still a BB fan.
c
Friday was indeed a good day. Not quite as good as Thursday was bad, but that always seems to be the case. Ha! A line from "The Most Important Thing"...Air leaves the balloon faster than it fills it.
OAK up more than 3% today.
I'm guessing that is because of its stake in DoubleLine, which folks are anticipating will continue to take AUM from PIMCO, now that The Great One has departed.
