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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
@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.
Did pick up OAK today on dip under $50.
Well, let's hope it's a dip.
@Maurice. Gotta believe it's temporary :).
Here's link to good memo by Howard Marks:
Risk Revisited
@rjb112.
@Charles, how do you distinguish a bid-ask spread from a premium-discount to NAV?
Which of those 2 are you trying to minimize?
Thanks man. Ultimately, it's the premium-discount to NAV.
Yes, I've come to use stops and limits on all stock/Et…
There was a good session at M* recent conference on this very topic.
With or Without You--Dividend Investing and ETFs
The growing popularity of dividend-focused ETFs has provided the market with a dizzying array of equity income strategies to ch…
Looking into Rock-Tenn (RKT) recently.
Perhaps more oil...OXY, HFC.
Finally, Mosaic Co (MOS).
May add to BAC and HCP.
But have not made significant move on months. Doubled-up BAC when it dropped below $15 recently. But I have held it for quite …
Indeed. If I made investing a serious priority in my 20's, that would have been really good. Unfortunately, I was clueless.
Hey, some one did say it...you Tampabay. Thanks.
I have tried to convey the importance of investing soonest to my daughter.…
Same here. Student loan poor in 20's. House poor in 30's, but was saving enough in 401 to always get full employer match. Things started getting better in 40's. Saw how quickly it could all retract and recover in 50's.
Would like to see SHLD stop falling.
Can't wait until earnings season.
Suspect it will be pretty good, given the vibrancy across nation this summer.
M* says I'm US Eq 50/EM 10/US Bond 10/Cash 30, shorts factored in.
Good stuff Maurice. Thanks for posting.
Only $56K per year for an MIT undergraduate education these days.
Right, endowment portfolio looks well diversified.
I could not find a break out of the expense to run the endowment, an er if you will. If y…
It was indeed a charming interview, which we were all very happy to witness.
Especially, when he relayed the experience leading up to and receiving the medal in Sweden.
Just great.
But I suspect Prof Snowball, being the clear and independent thi…
Quick follow-up...
Morningstar Introduces Industry’s First Strategic Beta Classification System; Publishes Global Landscape Report to Help Investors Identify, Compare, and Analyze Strategies.
Here's link:
http://corporate.morningstar.com/US/asp/s…
