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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
Reply to @msf: Wow. But the more I see, the worse it gets. Honestly, with amount of internet coverage today, I would think there would be more opportunity than ever for smaller funds to bypass NTF altogether and still attract AUM with direct deposit…
Thanks, nice article.
Lately though, I've been remembering that Robert Merton and Myron Scholes also were awarded the Noble Prize. They went on to co-found Long-Term Capital Management.
Reply to @msf: Good digging msf. It bothered me because I did not understand difference between the NTF expense of 0.4% and the 12b-1 fee. On the call yesterday with the good folks at Oakseed, they stated the 12b-1 fee of 0.25% was the only ER diffe…
Here is link to AQR website with 3Q commentary, finally available:
https://www.aqrfunds.com/OurFunds/GlobalAllocationFunds/RiskParityFund/Overview.aspx
Disappointingly, the firm never did publish a 2Q commentary, when the fund terribly under-perfo…
Reply to @bee:
Looking down list of commoditiy ETF_ETNs, looks like nearly everything is down below 200 day avg...coffee, silver, cotton, precious metals, aluminum, natural gas, gold, nickel, base metals, oil, sugar:
Suspect this situation is…
Please read this thread: Ouch...biting commentary on Edward Jones
The series of painful articles by Sylvia Kronstadt generated some mixed reactions on the board. But on the whole, I think the community was negative on Edward Jones.
Here is full ar…
A kind of bittersweet but nonetheless self-serving proclamation, which we've come to expect from The Gundlach.
Interesting too that Mr. Gross upped his 3-5 year T-Bill holdings to 38% in his flagship BOND.
Reply to @clemg64: I like go anywhere funds too. Since you are a long-term investor, as David would say, it does not matter when you jump in.
Hmm, if it were my portfolio given the choices above plus FAIRX?
Probably something like:
FPACX 40%
FAIR…
Yes. I side with PRESSmUP here. I'm also heavy FAAFX.
I will never forget BB's early call on BAC.
And talk about a PM with skin in the game.
Here's link to an earlier discussion on the board:
Bruce Berkowitz Rolling Dice On Bailout Babies--- Aga…
And, here are the lifetime numbers (just shy of 20 years), again sorted by Sortino and against some other notables:
Kind of a worst to first story here. Maybe it's like msf notes above, performance changed as different folks moved in and out? C…
Interesting. Not covered by M*. It's a 10 year MFO Great Owl. I believe it just crossed the 20 year mark and the lifetime numbers are just ok, maybe worse. More shortly.
Reply to @Art: For the rest of his natural life. No plans to retire. :"Look at Warren Buffet and Charlie Munger," he cites. Apparently, it's a question he gets a lot. He says his success is a team effort and he has trained several of his Akre teamma…
Reply to @David_Snowball: Ha! Maybe I'm reading too much into it based on my own bias of market valuation. If so, my apologizes.
Lots of folks lately are calling the market topped-out and over-valued with major decline imminent. I'm cautiously opti…
Nice. Thanks MJG for the summary of Jesse Livermore quotes. And thanks Junkster for the Nicolas Darvas reference...
"Never confuse brains with a bull Market."
Ha! Love it.
Should bitcoin become widely accepted, it is unlikely that it will remain free of government intervention, if only because the governance of the bitcoin code and network is opaque and vulnerable. That said, it represents a remarkable conceptual and …
Not bad.
Harder to swallow, however, when ERs are high.
I love the portfolio managers at Cook & Bynum COBYX. But, they still charge 1.49%. Granted, they are still small (but no longer fledgling) at $138M AUM.
Ditto for FPACX. Mr. Romick has d…
One more thing, which Mr. Studzinski warns us about. Timothy Gramatovich, Peritus Chief Investment Officer, and Ronald Heller, Peritus CEO & Senior Portfolio Manager, appear to have no skin in the game.
Here from latest SAI:
They are its co-…
Hi.
I too looked at this ETF a while back.
Here's link to that thread: Peritus High Yield ETF HYLD
A couple reservations...
Volume is light, so HYLD is subject to wide spreads:
Then, I'm not crazy about AdvisorShares. Some mediocre ETFs. An…
Reply to @scott: Classic, seems like.
But the few special folks that got to buy at $26 still doing well.
To the rest, just keep repeating "it's a long term investment, it's a long term investment..."
=)
