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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
Hey, also, despite its size (and eye-watering number of VPs), most of the time when I call their investor relations number either to complain or praise, I get pretty frank discussion with a member of the D&C staff.
All set for tomorrow. I understand that after the formal shareholder meeting there will be a one hour tour of the Dodge & Cox facility. It's an impressive building actually. Views from up-top are take-your-breath away beautiful. I had opportunit…
@Mark. Ha! A blind man should have seen Apple. Thanks man for spotting me...good catch. My bad...promise to do better next time, if I get my sight back =).
Did not look that deep, so maybe Guru site is right.
I just did quick glance down 14F list and only Micron jumped out...maybe IAC...perhaps Take Two and Penn...Vodafone? Are those in same class as FB?
Looked like a lot of oil, insurance, finance.
…
His long holdings as of 12/31 below...not a lot of tech, for sure...well, that jumps out to me.
AETNA INC NEW
AMDOCS LTD
ANADARKO PETE Corp
APPLE INC
ASPEN INSURANCE HOLDINGS LTD
BABCOCK & WILCOX CO NEW
BIOFUEL ENERGY Corp
BP PLC
CHICOS Fas INC…
@Ted. Ha! Pretty much "All In" looks like. You're a better man than I.
It's been 356 trading days since market dropped below 200 day average...and then only for 3 days.
It's been 683 days since we've spent any extended time (2-3 months) below 200 …
@rjb112. Very cool. He has a lot of compelling ideas. I don't agree with all of them. But he's enough of a student of the market and various investing strategies that I find all his stuff worth reading.
You mean top three performing mutual funds?
If so...
FAAFX - Up 4.1%
RSIIX - Up 2.9% (But not fair since I just bought last week =). Will list another.)
SIGIX - Up 2.7%
DODBX - Up 1.8%
A tamer, but still supportive view that valuations are stretched is in Ted's post on GMO's Montier paper, entitled "CAPE Crusader ─ A Defence Against the Dark Arts".
I think I personally fall more in the camp described here "CAPE Crusaders: The Shi…
@Ted. Really good!
At heart of ragging debate these days, seems like.
Been going on for a while now...since probably 2011 until November. Resumed in 2012. And, of course, all the CAPE_Crusaders would have missed 2013 run up in US stock market, if …
Honestly, as I read through this paper and others by Meketa Investment Group (MIG), I got the impression that they were not intended to be actionable.
But, to let their shareholders know that MIG was worthy of whatever fees it was charging.
Which …
@Mona.
Yes, JedClampett is spot-on.
Schwab.
I have a Personal Choice Retirement Account (PCRA) with them, which has been great, always.
Not same experience with Schwab retail, unfortunately.
If it had been as good as their PCRA service, Schwab …
@rjb112.
Please start here: Timing Method Performance Over Ten Decades.
He's been discussed on the board quite a bit, actually. I believe Scott was first to point out that while his books and blog (World Beta) are exceptional, his first exchange t…
Thanks MJG.
The results do show that an investor could improve their odds by seeking active management in certain asset classes (e.g., small cap and emerging markets). The results have also shown that the potential reward for identifying superior ma…
Nice!
I've always liked Mr. Asness.
But unfortunately came to dislike AQR Funds.
Wish that they would learn to be as forthcoming with their shareholders as Mr. Asness is during this interview.
@expatsp.
Yes sir. Total Return. If you use only Price Return, the drawdown is -86% and does not recover until Aug 1954! Or, 25 years later...
I used same database here as was done for article published in David's July 2013 commentary "Timing …
@davidmoran.
Brother Dave.
Certainly do not want to disappoint you, just the opposite. And, I do not want to come off bearish.
I remain cautiously optimistic near term. More optimistic longer term.
It's just that I feel the downside of investing…
@davidmoran.
Yeah, I noticed too.
But L/S doing better than multi-sector US bonds this past year =) and comparable to balanced index.
And WBMIX, MFLDX, ALSIX all within 5% of each other, looks like...since ALSIX inception.
Do think that higher …
@Scott. You're right. Would probably be a disaster.
@Old_Joe & bee. Good stuff squared.
Hey, while I liked Radio Shack I loved Edmunds Scientific.
Think it is still around, but it too has a different feel these days.
Ah well...the good old d…
So, GE now up 2.5% after reporting this morning.
Overall market, while still slightly under all time high, continues to brush off concerns, like high flyer valuations, Russian intervention in Ukraine, expected raise in interest rates, GM recalls, e…
