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.
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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
Let's hope Mr. Parnell is wrong.
Anything can happen, but I continue to see anecdotal evidence of continued growth.
Remain cautiously optimistic about the market.
Fingers-crossed.
@mrdarcey.
Thanks man.
Early on, I believe the board debated why not 7, 12, and 15 years?
When we first rolled it out, I think we had "aspiring GOs" or something like that for funds that were top quintile the past 1 and 3 years. But, after discus…
@davidmoran.
First, a disclaimer. I'm a Steve Romick fan. If FpA did not charge so much for FPACX, I would have owned it long ago.
A look at the numbers...
They are great.
Top quintile across its lifetime and across last two full market cycle…
@mrdarcey. Very good!No indication if a manager has departed, or if the strategy has changed, or what the expense ratio is, stewardship, capital gain implications, etc, etc.
...or category drift, mis-categorization, or survivorship bias, etc.
Hey,…
@davidmoran. No worries. AJ and I just lost lock.
I too worry about downside.
I honestly think Martin is best parameter to use when evaluating downside historical performance.
That's precisely why it's the foundation for the MFO rating system, wh…
@AndyJ.
I just strongly think the MFO GO numerical system doesn't capture what the two funds are doing and how they perform, and M*'s Return:Risk:Stars numerical system more or less does capture it.
I just as strongly disagree.
If you want to send…
@jlev. Absolutely agree. The return groups are directly comparable, but otherwise, the age groups need to be same to compare other metrics. That's something we are working on.
@davidmoran. Thanks man. Glad to see you liking Accipiter's Miraculous Multi Search tool.
Yeah, on the ratings, I think you are suggesting that you want something future looking, kind of like the M* metal system?
Ha!
Well, I'd rely on David's pro…
@Andy. Yes, think we lost lock. Not sure I'm following the issue, sad to say, again.
When you say M* has it, you mean because M* gives PRBLX 5 stars...but it's not a GO on MFO?
If that is the issue, the explanation is easy. M* uses a composite of …
@davidmoran. Hey, MFO rating system is backward looking and strictly by the numbers. It is based on parameters typically not published much, like max drawdown. Some folks find it helpful. I certainly do. But like any system, you need to sensitive …
Good stuff Andy.
OK, I think I see what you are getting at...sorry for being slow.
Yes, funds like YAFFX do have higher standard deviations than PRBLX.
So, if you equate standard deviation with downside risk, then sure its "underweight."
But, du…
@AndyJ. The protocols actually do wickedly well at flagging funds that avoid large and/or extended drawdown. It is PRBLX's performance during the five year bull market that lands it in the 4th quintile. Its five year Martin placed it in spot 66 of t…
Hi David.
Here status as of 1Q14:
http://www.mutualfundobserver.com/fund-ratings/?symbol=PRBLX&submit=Submit
Right, it just misses cause the 5 year returns "only" rate a 4 (4th quintile).
But, by the numbers, PRBLX is excellent, GO or not.
…
Hi heezsafe. I don't recall. I did once read Motley Fool and listen to Saturday radio program, years ago. Now, the site overflows with pop-ups, ads, teaser articles to paid services, etc. Rarely visit it any more.
In general, the better path is to remain open to global brands whose products are highly sought after by the EM middle class and entrepreneurs, and whose operations are more transparent and driven by business criteria.
aka US brands...?
Thank you David.
Once again I am reminded of...
"For over a thousand years Roman conquerors returning from the wars enjoyed the honor of triumph, a tumultuous parade. In the procession came trumpeteers, musicians and strange animals from conquered …
By the numbers, TPINX has great long-term, life-time numbers, and even "recent" cycle performance, but it's struggled the past 1, 3 and maybe even 5-year periods...
@OJ and Scott.
No such thing as privacy.
I notice that on MyYahoo page, it only displays news of stuff I have searched for! It's become so boring. Better when I do not sign in.
Same with ads.
Look for a new washing machine on-line and instantly, a…
@scott. Yes, I see it too. You have to buy a subscription with Windows 365. Suspect in not too distant future, you will not be able to purchase Office to reside on your laptop.
Google Drive, DropBox are subscription based. Hard drives are ancient.…
Hi expatsp. I used to have Schwab for checking. I liked that they reimbursed the ATM fee. I also used them for Visa. But then they dropped the Visa program. And, they never instituted the ability to electronically transfer between the checking and l…
