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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
If a manager strikes rich with an IpO allocation or a distressed company coming out of bankruptcy, then it is not necessarily at the expense of any other manager because new value is being created.
Nice.
Thanks for sharing Junkster.
I do struggle with setting right exit level: 3%? 6%? 9%? 6 mo MAXDD? On single equity holding. Depends on category volatility certainly, as Scott instructs. Where it is against 10-mo SMA. How much money it has made or l…
Pretty basic stuff. Have published previously: definitions. More recently, have been looking at life and full cycle metrics and rankings...hope to add soon to search tools.
Ha! I think there is more relevance in these data than just MAXDD. I for on…
In his latest quarterly, Andrew Redleaf calls some of the high flyers "Never, Nevers."
"A Never, Never is a public firm that will never, never make profitability its first priority and will never, never willingly deliver a penny of cash back to shar…
Hi cman.
I took a closer look at funds in the High Yield Muni category since HYD inception.
There are 31 funds that have been around 61 months or more through this March. HYD is the only EtF in the bunch. The few other EtFs in this category are yo…
Good stuff cman.
Yeah, I'm programmed to compare. My bad.
I absolutely agree that it does not matter how a fund compares within its category if it fits right in your portfolio (eg., ARIVX). That's more important.
The muni high yield category has…
I own AA and SCHN. Have for a while.
AA's been very successful so far. Picked up under $8.
SCHN, just up and down...started buying around $26.
I like both CEOs.
I like the turn-around nature of their businesses.
They are undervalued cyclicals.…
Well, MFO's Risk Profile search tool can handle comparisons of up 20 tickers, like:
http://www.mutualfundobserver.com/fund-ratings/?symbol=fpacx+prwcx+yackx+berix+vwelx+fpnix+dodbx+brufx+vwinx+sequx+vfinx+dodgx+dodix+fmagx+sgovx+tbgvx+vghcx+mapox+g…
Good debate that is being brought to public attention.
That said, my reservations remain about Mr. Winter's own shop, which charges 1.85% ER on $1.7 billion Assets Under Management.
"Picking the pockets" of Wintergreen shareholders.
Also, the lat…
It's funny how everybody seems to read from same book at times.
Ever wonder how few real thought leaders there are in this industry?
Suspect too the leaders change with time, naturally.
And, how do the new ideas get introduced...a paper, conferen…
“When all is said and done, there are only two kinds of investors: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third kind: those who know they don’t know, but whose livelihoo…
@Junkster.
Bottom line is if you want to succeed in this game, you have to become your own expert and listen only to yourself and the message of the market.
Hear, hear!
Very nice report MJG. Thanks for taking time to summarize and share your observations once again. I did follow-up with Ablin's "Five Factors for Evaluating the Market" web briefing. Good to hear that speakers are modestly if cautiously bullish on ma…
The real problem with low yields in Treasuries for the people that need the income is the income stream shortfall even if they get the diversification benefits.
Isn't an issue here also that if rates rise, US will owe that much more money on its gov…
Cool. OK, so more simply like "The Ivy Portfolio" that Mebane Faber describes in his book by same title. The so-called generic absolute return portfolio of VTI, VEU, BND, VNQ, and DBC allocated evenly at 20% each. Something like that.
Rather than take positions on bonds and equities like baseball fans choosing their teams and dissing the others, being diversified and staying so through these cycles is the best bet regardless of sentiment.
So, like Bridgewaters' Pure Alpha and Al…
Good stuff cman. Thanks.
I'm terrible enough picking long to even think about shorting ever...again.
(Ha...my one naked short was Staples just about the time Office Depot and OfficeMax merged...was able to unwind without getting hurt...and I still…
David also hosted an hour phone call/teleconference with the PMs at RGHVX, which I thought was very informative...like just about all these calls. Here is link to the summary and mp3:
http://www.mutualfundobserver.com/2014/03/riverparkgargoyle-hedg…
Nice. Will be interesting to see how Cambria's new Global Value_ETF GVAL does going forward. It employs strategy that hinges on investing in such low PE sectors. Studies show these value areas tend to outperform over next 10 years. In any case, good…
