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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
It's extraordinary that this fund lost 78% from mid 2007 to spring 2009. Can you believe?
It seems to have become a boom-bust fund, with a very high expense ratio. Huge draw-down and downside deviations...more than 30% Ulcer Index...nominally twice…
From link Ted provided...a kind-of non-denial denial, like "I did not have sexual relations with that woman...":
Are there waiting periods and other restrictions that affect withdrawals from stable value funds?
Stable value funds do not have waitin…
Here's link to better, more complete and informative discussion by Vanguard leadership than transcript in original post:
https://personal.vanguard.com/us/insights/article/buckley-sauter-interview-01022013
On my GOLD CHARTS MUST SEE complaint, I gu…
Good article and it references RPHYX manager:
"If you think the 10-year Treasury note should be 4.5%, then high yield is not so cheap," says David Sherman, manager of RiverPark Short-term High Yield fund.
Positive Summary:
Recent expansion of three major sectors -- housing, autos and manufacturing -- these are the bedrock components of our economy. If all three are doing fairly well, the worst that can happen is slow growth. There is simply too muc…
Hi Old_Joe. Yeah, I noticed that too...only holding down in my portfolio today.
Yes, Digital China Holdings Ltd. was off -13%, which may explain about half today's draw down.
Correction: Matthews Strategic Income dipped slightly also.
FAAFX today up 4.9%, 13.6% YTD through 6 Feb 12 =).
Scott. Why is TPNTF trading at 20% discounts? The NAV performance looks ok to me...6.0% APR since June 2007.
Here is link to performance: http://www.thirdpointpublic.com/navshare-price/usd/
And,…
Some market truisms, I'm learning:
Don't fight the fed.
Don't bet against Dan Loeb.
And, when Bruce Berkowitz's says a stock is priced to die, listen up.
Hi Alex.
Three lower volatility alternatives you might consider:
Vanguard Health Care Inv VGHCX
BlackRock Health Sciences Opps Instl SHSSX
PowerShares Dynamic Pharmaceuticals PJP
I continue to buy into the current equity rally. By COB tomorrow, below chart will depict my fund portfolio allocation, by %:
Looks pretty similar to Hank's actually.
Attendant risk allocation: 9.7% STDEV, 5.8% DSDEV, and 3.5% Ulcer Index.
Reply to @Investor: Outstanding! I enjoyed every minute. Helped clarify for me much of what's been happening past year of so. Liked the discussion of micro versus macro effects, private debt de-leveraging, fiscal versus monetary policy, end of bond …
Boston, I think.
From a 2010 Fortune article Bruce Berkowitz: The megamind of Miami:
Berkowitz grew up in Chelsea, Mass., a gritty suburb of Boston. His father Barney was a part-time taxi driver who ran a bookmaking operation out of his corner conv…
Hi Bee. I always seem to want to examine some variable or time frame that packaged programs do not offer, so these days I end up just using Excel mostly.
That said, I believe the STEELE Mutual Fund Expert does what you are asking for, but it is not…
From a 2012 Reuters post: Paul after PIMCO.
Now McCulley, who says he’s more able to openly speak his mind because he isn’t responsible for managing other people’s money, seems to be enjoying the freedom to say what he thinks needs to be done to fix…
Absolutely love the Bronte Capital post.
If you buy weight loss shakes from GNC you do not get the gold stars.
And,
Bill Ackman's thesis is the most easily falsified bear-thesis I have seen from a major hedge fund ever.
Piercing stuff on Mr. Ackman…
Looking forward to the read.
Here's recent SeekingAlpha post on our hero: Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings.
I'm inclined to agree.
...local chains can be more nimble and have a better understanding of the customer.
Makes sense to me. Even Google having hard time in China, no?
Suspect same holds here in US. Perhaps IKEA an exception. Can't really think of other successful forei…
I like the "Elevator Talk" addition David.
A peek at Rocky Peak's recent holdings shows Radio Shack RSH, which Scott and I have been posting about lately - it has rebounded an extraordinary 50% YTD:
So, of course, I had to look a little further…
Thanks mns, scott, bee. I like idea of Fairholme pursuing a closed-end offering. Seems to fit. I will add "Confessions of a Street Addict" to my reading listing. And, I respect that Mr. Berkowitz just puts himself out there, consistently exercising …
Let's hope, but the whole thing just seems incredulous to me. Who shuts a global fund (benchmarked to MSCI World Index) at $28M AUM? Sounds like this one left the station prematurely.
