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
I wouldn't be surprised if lots of experts preaching buy and hold are closet market-timers. Academics can be notorious hypocrites. In a 1994 speech at the USC Marshall School of Business, Charlie Munger said, " … one of the greatest economists of th…
Reply to @STB65: Ha! Guess it's a Peter Lynch thing. Two things people hate most: sewers and hospice. (Decoupling emotion here.)
CHE uses mature and established cash flows from sewer biz to buy high margin hospice facilities.
Their price is curren…
Remain heavy: FAAFX, SIGIX, DODGX.
And: SCHN, AA, SENEA, JBSS, BAC.
Exited energy (APA, HES, and CLD), but remain bullish longer term. Just spooked by falling oil, high CAPX, and short-term pull-backs. Looking for opportunity to get back in. And I…
Those sure were tough days...circa 2008. Glad they are over. Would like to avoid a repeat for very long time. I'd like to say forever. But, you know, it is the doom of men that they forget.
Reply to @MikeM: Yeah, boringly successful. DODGX has remained above 10 mo SMA for months, like SPY itself. Will add up numbers soon, post result.
Santa rally continuing this morning looks like on AAPL, spending and outlook news.
Reply to @hank: Ha! Dear Hank. Congrats on DODGX! I am gonna owe Flack dinner out this year, since I moved most (and then all) of my heavy DODIX holding into DODGX in the spring. Plan to report on the differences due to implementing timing method he…
Reply to @STB65: So far, I've not had much luck with bond ETFs. (And, no one has any luck with target date mutual funds.) But, very much appreciate the info on "laddered" bond ETFs. Thank you sir.
Reply to @VintageFreak: Ha! I agree. That may be best runner-up...along with its managers for not explaining what went wrong with their risk parity strategy and what is to be learned from the June nose dive.
Ha! If Joe Kernen becomes any more bored, he will fall asleep on-air. I wonder how many people he puts back to sleep? With Joe as a backdrop, maybe Barney Frank will be a good add =).
Reply to @Investor: Thanks man. I honestly missed this better punchline. Probably because I've never held a bond ladder, but will look into and see if it is indeed a practical substitute for my cash holding.
Think his "not a fund subject to redempt…
It was great.
Loved the part when Bernanke encouraged congress to employ top experts in central banking during their review next year.
A warning of course to beware of unqualified political appointees, which can destroy the integrity of great inst…
Come on. Give me a break. You guys need to drink some milk of human kindness this week.
@Swede...might take a minute to read an earlier discussion on the board:
http://www.mutualfundobserver.com/discussions-3/#/discussion/comment/31679
Reply to @cman: Good Stuff cman and fundalarm.
...prices are determined by two factors, the supply and demand from the actual use ... and the speculative ... manipulation of supply by producers and in recent years also by financial institutions.
See…
Reply to @Junkster: Good point...better than AGG or BOND.
Break, break.
Hey, hope all is well. Been a awkward month for my trades. Some up 10% over 2 weeks on heavy volume at market close, only to reverse direction and tank the following week. Val…
Ha! Suspect the board with have fun with this one...
OK, so I've started viewing ARIVX as an actively managed conservative allocation fund, specializing in small caps. That may help temper expectations, 'cause like you say (and I know Ted and other…
Reply to @AndyJ: I'm hoping it's just posturing, locking-in gains for year. I'm not in the over-valued camp. With budget deal, except taper surprise, don't see anything on horizon that will cause stocks to head south. (Ha! Great last words.) Fingers…
Reply to @MJG: Outstanding! It does seem like there is an explosion of alternative education opportunities today. Something that can truly benefit so many people. From Academic Earth to Coursera to Khan Academy to edX to inversity.
Seems like never…
Reply to @Old_Skeet: Now, I do not agree with the Phoenix Capital Research report. But your point on tracking revenues, that's good stuff Old_Skeet. I suppose EBIT and EBITDA are also metrics that may be somewhat tougher for the accountants to manip…
Really good discussion here.
Near-term, P/E seems to be a very dependent variable..."a derivative," as you describe.
But in the limit, seems to me it must converge to reflect a reasonable return on invested capital.
Else, we shouldn't be investin…
