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
Hmmm. I had a fantastic day. Made up for yesterday's disaster. But I've been out of bonds since June. Cash seems like place to be until Fed figures out how to unwind this experiment. Looking to get back in. Just not sure it's time yet. But, sorry ab…
Reply to @Old_Joe: Ha!
Here's what I'm learning:
What goes up, must come down. But what goes down, may not come up.
Gravity does apply to the stock market!
Not me. Everything red except cash. Bad day.
But maybe not as bad as LLSCX...what's going on here?:
It had one heck of a distribution, looks like...
Looks like Fairholme FAIRX has good day as well, thanks to St Joe and Fannie.
Reply to @MJG: I agree! =)
Funny that RPHYX only gets a single star at M*, because by any risk adjusted measure, it screams. Granted, the biggest distinction is Martin, which measures drawdown...something this fund never seems to have. Even misplac…
Hi folks. The MFO rating system uses the Category assigned by Morningstar, for better or worse. There are over 90 such categories.
Reading through the Morningstar Glossary it states: "We place funds in a given category based on their portfolio stat…
Thanks Irwilliams. I agree. A "stacked sort" would be good...hit one column to get first level, then another column to get second level. Will look into for future.
Really, you mean all of David's recommendations are not Great Owls?! We'll have to f…
Reply to @Junkster: Ha! Hi Junkster. I've promised BobC that together we will work-up alternate ratings for a few funds assuming they were categorized differently. Hey, it's not that I don't believe, like you and David and BobC and others, that a fu…
Whitebox has thought small caps overvalued for some time. And Mr. Cinnamond is holding 64% cash currently in ARIVX...really wish the good folks at ASTON would address the 5th "P":
Awful article.
In 2009, our homes and 401's were worth half what they were just a couple yeas prior.
Nobody could get a loan.
Credit lines were being zero'd.
Nobody could sell a home or move.
We were in economic free-fall.
The Fed took action …
Reply to @VintageFreak: I gotta say, he did certainly sound pretty old on this call. But full of energy. Did not miss a beat. How old is Mr. Buffett or Mr. Munger? Sounds too like Mr. Akre has some talented folks on the team, that he trained a long …
Ha!
FAAFX -0.53%
SIGIX -0.75%
GE -0.87%
BAC -1.41%
AA -2.00%
How shall I say this...hmmm, not a good day :(.
But very glad to see some folks doing well.
Loved the call.
Straight-forward and welcoming.
"The fund invests as a team. Our success is team success." Mr. Akre stated when asked about succession.
Does not make macro calls.
Invest business by business...looking for under-valued, well-manag…
Reply to @MikeM: Wow. Times sure are changing. Hard to argue with MQIFX. Is that David Winters' old fund? Eye-watering, long term risk-adjusted performance. Didn't it used to charge a load? No, maybe that was/is SGENX. It does seem it will be harder…
Reply to @VintageFreak: Ha! I know. It's sure frustrating. Hoping something about 2Q is forthcoming; otherwise, AQR only reports when the fund does well? Can't imagine investors standing for that. Gotta tell ya', like you, I'm disappointed. But Huss…
AQR Funds has finally provided an updated commentary for AQRIX. Unfortunately, it's for 3Q, no mention of the 2Q swoon, which would help investors better understand the fund's strategy during "out of sample" environments.
For the 3Q, AQRIX returned…
Reply to @MJG:
For a long term investor, it’s a comfort to know that the equity markets return positive rewards about 70 % of the time annually, and that these same markets return an annual rate that is about 6 % over inflation.Nice!
Reply to @Sven: Ha! I actually lost out recently taking some money off the table because I feared consequences of the budget/deficit fight. It's OK cause I slept better, but after couple rounds now, starting to think market seriously discounts the "…
Reply to @Sven: I guess I think investors are cautiously optimistic. Things are not great, but they are not bad either. And bonds still don't instill high degree of confidence. Would you not rather invest in HCP paying 5 plus % dividend? Hard to pas…
