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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: Ha! I suspect we will never find the expression "goodness of heart" applied to the fund industry. By "disingenuous" I think you're pointing out that there is nothing free about No Transaction Fee transactions. NTFs are an industry fal…
Reply to @Mark: Looks like you read right! I would have thought markets would not like the uncertainty. But company earnings guidance sounds higher lately and at end of the day is probably all that really counts. Perhaps some "bargain hunting" given…
1. Capture image from screen with Jing
2. Upload to Screencast account
3. Sign into Screencast account (http://www.screencast.com/users/username)
4. Click on uploaded image
5. Click on Show Details
6. Click on Share tab
7. Copy and paste the content…
Ha! You guys are great.
I too have always been impressed when people are able to distill important lessons down to just a few wise words, like Mr. Dalio does here. Most really accomplished people I know can do just that. If only I was one of them! …
Hi Ted. Free. I've come close to hitting the bandwidth limit a couple months, but have yet to exceed it. I've found it to be a great little service/utility. Must thank bee for originally putting me onto it.
Reply to @Ted: Ha! From Mark's April post...What A Trillion Dollars Looks Like:
These are pallets are of $100 bills...and each pallet holds $100M. So, Mr. Dalio has the equivalent of some 130 such pallets.
Thou shall not covet...Thou shall not…
I agree with Mr. Ritholz about Mr. Stack.
Also, I enjoyed this clip by Mr. Dalio:
http://www.ritholtz.com/blog/2013/09/dalio-how-the-economic-machine-works/
Here, on YouTube:
And, here, the paper the animated clip is based:
http://bwater.com/…
Whitebox Long Short is actually market neutral...M* and WB are in agreement. See David's recent profile. So, ignore name.
Whitebox Tactical Opportunities is actually long/short...M* and WB are in agreement (after Whitebox management appealed to M* …
Reply to @Art: Hi Art. Same at Schwab. And WBMIX has a $100K minimum at Schwab versus $5M at Whitebox proper. The loaded A class is not available.
Both A and I impose a 0.25% 12b-1.
I do not know how much the NTF is costing Whitebox. Nothing unrea…
Reply to @scott: Thanks Scott!
BTW, I'm actually thinking WBMIX is a strong "one-fund-for-a-lifetime" candidate, at least for moderate investors. I do not support their loaded share class (indefensible) or their 12b-1 fees. Whitebox will argue that…
We just vacationed there. Flew into EYW. Taxi to Casa Marina Resort. Lanai suite by pool. Try to do every year.
Here are views from room, bar, and of pool:
Normally, we just hang at resort. Lunch at pool bar. Sunset dinner on beach. He…
Hi Scott.
Glad you have re-engaged with this thread.
Like you probably, I was disappointed with Fed's decision yesterday. First time in a while I started to think maybe things getting a little out of hand. Fed had chance to start normalizing but d…
Reply to @msf: Nice msf. Absolutely, 12b-1 is included in ER. Fortunately for us. Good to make the distinction.
I stand corrected, looks like, on M* not incorporating loads into its ratings. I'm not sure where I got impression they did not, but tha…
Reply to @skipper: Hi Skipper. Yes, I believe fees (ER, 12b-1) are included in M* performance results and ratings, but not front loads. The new MFO ratings include fees and any front loads.
The market is relaxed, at least “until Bernanke opens his mouth tomorrow and after then we’ll be uncomfortable again,” said Paul Nolte, managing director at Dearborn Partners.=)
Reply to @VintageFreak: Ha! If Mr. Dodson is ever lucky enough to score an Avis like 2009 trade, BRTNX would be inundated. But that's just not happened with OSFDX.
If you get any response from Mr. Wang, please share with the board. Thanks Vintage.
David has previously discussed the nonsensical nature of this fund's strategy/methodology and the reclusiveness of its PM, Mr. Wang.
I too have never been able to follow Mr. Wang's explanations of why he buys or sells equities, unlike say the case …
Reply to @Ted: Here's follow-up article from Value Investor on SA:
http://seekingalpha.com/article/1697132-allegheny-technologies-solid-sale-price-of-tungsten-reduces-leverage-buys-time?source=email_rt_article_readmore&app=1
I think the compan…
Ha! No David, no profile.
I just listened to Ms. Brown's recent interview from Ted's link.
Her recommendations on the five funds Mr. Jaffe floated: Buy DODGX, PRWCX, FPACX. Hold VBK. Sell DVY. All based on momentum of past year.
Once again, I get…
Reply to @davidrmoran: Ha! Sometimes, yes. I should have sold AQRIX back in April/May when it dropped below 10-month SMA. But I resisted because the risk-parity strategy appealed to me and because it was in the house that Cliff Asness built.
I own…
"We think equities have a lot of tail winds," says Wolle. "We believe that they're still reasonably valued, that the likelihood of recession is quite low, and that financial conditions and price trends are supportive."
I think Mr. Scott Wolle has th…
But for all the concerns that the reduced presence of such a giant asset buyer would be calamitous for investors, it appears equity and bond markets are poised to take next week's Fed decision largely in stride - provided the central bank doesn't su…
Reply to @Mark: What a racket. What a market. Sell short, then Twitter the world bad news. Close position. Make quick gain. I'm really starting to dislike day trading and HFT.
It just does not seem like 2007 to me...not yet anyway.
Home and hotel construction only now starting to gain traction here in California. But I still see lot of empty store fronts.
Car purchases up. RV purchases up. Will grant you that.
Not a lo…
I owned a little earlier this year and quickly stopped out.
Let's hope it rises. Like Mr. Gundlach, Mr. Redleaf of Whitebox sees some opportunities currently in REITs.
In mean time, my condolences:
