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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 @David_Snowball: My issue certainly is not with Mr. Sherman, but RiverPark. Based on their high ER practice with RPHYX and RWGFX. Their ultra high minimums for institutional shares. Concerned that at the end of the day, RiverPark is more of…
Reply to @Maurice: Hi Maurice. Poignant stuff. Even if it made me cringe a bit...your closing prediction.
On the backs of the senior class, right? I think that is what your thesis implies. Since retirees and those close to retirement are most incli…
Reply to @scott: Yes, NLY had nice day yesterday. As did CLF. I exited both after early bounce. BTU and CLF continue to be hammered today though:
2:19 PM Coal stocks (KOL -2.8%) are sliding with the latest statistics from China showing steel product…
Reply to @Old_Joe: Ha! As treasurer? Never thought I'd see the day...and still don't. I bet I'd make a pretty good caddy for the MFO Golf Club. A better fit to my investment skills.
Smead Value (SMVLX) happens to be an Aspiring Great Owl...
Here are its numbers since inception along with a couple other notables (DODGX and FAIRX) for comparison:
Hi again Scott. Yes, I thought of you when hunting for industrial materials and infrastructure stocks recently. KMP was on list...the stock that always goes up! EV/EBITDA seemed a little high though and I'm probably a bit intimidated with all the va…
Reply to @AndyJ: Yes indeed. I believe ABRYX targets 8% volatility versus 10% for AQRIX. Just watch out for loads and/or high ERs with Invesco on its various other share classes.
Reply to @MaxBialystock: Not me so much for passive. I'm not as interested in 4 sigma winners as I am in say persistent half sigma winners. I'll venture to say that there are quite a few of those, which I will attribute to skill =). And, I certainly…
OK, this fund is close to my heart and wallet. I'm been AQRIX heavy for some time.
Yes, the young fund and attendant strategy certainly being tested again right now. Last time it drew down this much was when equities pulled back in 3Q2011.
Certain…
On Tuesday further increased equity exposure to hated sectors...basic materials and energy, plus added financials, global: BCS, RBS, ORI, CRH, SU, STLD.
RBS was negatively in news late yesterday with CEO's departure, but price recovering today. Thi…
Absolutely too many MFs! And too many fund classes within the MFs. I think the same thing about Car Makers. Car Models. Car Dealers. Car Rental Companies. Airlines (getting a bit better). Hotel Brands... You get the idea. Many of them awfully medioc…
Reply to @MJG: Thanks man. Confident we will adjust and improve the system to best of our ability in response to suggestions you and Investor have made so far and any new suggestions we receive from MFO community in weeks ahead.
I too very much app…
Addendum
Here is Mr. Martin's kind response to my recent inquiry:
From: Peter Martin
Sent: Friday, June 07, 2013 11:43 AM
To: Charles
Subject: Re: Martin Ratio
I was not a student of Prof Sharpe. Byron McCann, with whom I wrote the 1989 book rev…
Hi again MJG. Thanks for kind words of encouragement on new rating system.
I do indeed have Mr. Martin's book, entitled "The Investor's Guide to Fidelity Funds - Winning Strategies for Mutual Fund Investing," where the retracement index (aka Ulcer …
Sweet. Maybe there is some hope for M* after all. I find them typically non-responsive to subscribers. Unfortunately, as much as we complain, they offer more than any other alternative out there, so far anyway.
On dips...BAC, BRK, GE, COP, BTU...and, most hated sector stocks AA, X...jumped back into CLF after recent drop, no stop this time.
Continue to ride DODGX mimicking Flack's recommendation while SP500 remains above 10-mo SMA.
Still think economy wi…
Reply to @Investor: Man you're tough. I agree with Accipiter. The new ratings help highlight funds that deliver superior returns while protecting against draw down...some of them persistently. For example, you often recommend VWINX and GLRBX on the …
Reply to @ron: Hi Ron. Congratulations on owning VWELX, a marquee fund. Years ago I chose DODBX over VWELX and suffered badly during financial crisis when D&C got hammered. Both were recommended in an article that influenced me called One Fund f…
Hi Investor.
Ha! I agree with you on ordering. Was actually in process of adding a Fund Type column, so going forward, will recommend we present Fixed Income categories first, then Asset Allocation, and finally Equity categories.
Yeah, thought we …
Hi Mike. I like WBMIX and I like the intellect and frankness of the shop, which Scott introduced us to. I think ARLSX makes for better diversification and suspect WBMIX correlates more with equities. That said, Mr. Redleaf has a lot of authority and…
Ha! Mr. Arnott is in good company this year...with all managers that have been avoiding equities deemed over-valued.
To Investor's point, let's trust that his "3-D Hurricane" thesis, where he warns against US debt, deficit, and aging demographics, …
Thanks Scott.
Shares down more than 20% today...much more earlier, looks like.
Here's short MarketWatch article posted today...
WASHINGTON (MarketWatch) -- The over-the-counter common shares of federally controlled mortgage backers Fanni…
Yeah, I have.
In May, I've cut BOND back 36%.
On 5/13 and bought AA, BTU, X, NLY.
On 5/23 and bought more AA, BTU, X.
On 5/24 and bought more BAC, GE, BRK/B.
Top three holdings remain: AQRIX, BOND, FAAFX.
Only the latter has had a winning month.…
Thanks Scott. Good article.
A while back I tried getting into CLF, but got stopped out and missed good 25% bounce. Tried again recently with BTU, which is also a new add for Renaissance Technologies. Enjoying better luck so far. I also jumped into …
MAPOX, BERIX, VWINX, GLRBX have all delivered great absolute returns, but MAPOX has experienced a drawdown of 33%...VWINX and GLRBX about 18%...BERIX 13%. Whereas funds like PTTRX or PGOVX have delivered slightly lower returns while suffering lower …
