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
Good stuff Brother Scott, as always.
Hey, maybe it's simply that most companies exist to make real money for just the few execs running them.
Period.
They are not really motivated to return value to shareholders, as evidenced by the fact that mos…
GE up after reaffirming 2014 outlook...
GE Reports 1Q’14 Operating Earnings per Share $0.33; Industrial Organic Revenues +8%; 1Q Operating Margins Up 50 Basis Points; Backlog of $245B; Reaffirms 2014 Framework
Fundamental and technical indicators can provide you with situational awareness for when you need to make decisions. Investing is never as simple as putting money in and waiting 30 years. You need to keep buying, rotating, withdrawing, selecting, pr…
I absolutely see and respect the logic behind buy-and-hold.
But, very hard to do during dark times.
And, it is not necessary to achieve healthy returns.
So, personally and generally, I no longer practice it.
No more riding retractions down below…
BAC off 3% this morning after reporting loss due to $6B litigation write-offs. Otherwise, slow but steady improvement.
YHOO up 7% after forecasting growth.
GE due up tomorrow. Well, let's hope it's up!
Very nice sir, yet again.
Even if an investor fears an impending market meltdown, one viable option that is universally available is to do nothing; stay the course.
Kind of reminds me of...
Obi-Wan: Let's just say we'd like to avoid any imperial en…
Good stuff cman.
Not sure I see same lack of production and consumption you see however.
Airlines, restaurants, freeways seem very busy to me.
DC was slammed this past week 'cause of Cherry Blossom Festival, of course. Every hotel, budget and lux…
@catch. I don't know, just been thinking about it lately. Actually, Mebane Faber's book "The Ivy Portfolio" got me thinking about it. So, something I want to explore. Maybe nothing will pop out. But, maybe something will.
Hey, hope all is well.
Hmmm. I think the bubble scenario is that banks, other financial institutions, hedge funds can borrow money at near nothing and invest those funds in higher yielding positions. So, in effect, buying on margin with "Money for Nothing" and "artificial…
I'm thinking of starting a tally on the MFO board of excess return per expense ratio. May be interesting to see which funds deliver highest value for investor expense.
Hi Hank.
Been studying valuations a lot lately.
Pouring through texts and lectures by Aswath Damodaran, Graham and Dodd, and even John Burr Williams. Ha!
There are indeed so many variables.
Example, more than half of the net present value in a d…
Yes sir. Josh is a jewel.
You know my number one rule for market corrections: ABC – always be cool.I like that one! Kind of like Investor's "Stay Calm, Invest On" moniker.
Do your best to ignore the most hyperbolic commentary this weekend. The “Mini…
Thanks, Josh does a nice job, as always.
Makes me wonder how our nation might differ
if more smart folks like Jeff Gundlach
would help offer solutions to the challenges we face
instead of just pointing them out.
You know, be more like Scott!
Latest database evaluates 7734 funds across 95 categories (no new categories this quarter): oldest share class only, 1 yr and older, excludes money market, bear market, specialized trading, volatility, and specialized commodity funds.
Results ident…
Ha! What shocks me is fear that you could be right.
That is of course what makes it all interesting.
Sounds like you are using very long term history.
As long as you are not discounting the bull runs, like '80-90s, I'll say fair enough.
Fair war…
I believe that another 40% correction would bring us back to market level as of November 1999. That's the predicted fair value mark based on your correlation?
It would not be correcting then for perceived excesses of Mr. Bernanke, but for excesses …
