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.
A massive current article in the Washington Post is providing many new details of the 737-MAX situation. Following are selected excerpts from that article. Unlike my previous posts here, I have not attempted to edit these excerpts for brevity becau…
@LewisBraham- Right on, bro! But let's be fair to the "one party"... it's not as if they are amateurs trying to gut Social Security... look at all the time, work, preparation and practice they've put in on Obamacare as a warmup.
@Rono- Your post prompts a reprise of my comments of November 2018, after the first crash:
"Let's make some major changes in automation, allow the aircraft to override pilot control during critical maneuvers, and let's not tell anyone about all of …
Pilots Split Over FAA Chief's Claims On Boeing 737 Max Training
An NPR business report today describes a disagreement between the FAA and a major pilot's union regarding the much-maligned Maneuvering Characteristics Augmentation System (MCAS).
In …
Lou Rukeyser was a mentor to many of our cohort. To this day I can visualize Frank Cappiello mournfully shaking his head at the perceived foolishness of some element of "Wall Street", and predicting some imminent disaster or other. I was also fond o…
"There would be a modified version available to online subscribers"
Maybe so, but this WSJ subscriber can't find any version, "modified" or not. They seem to have "modified" it right out of existence.
"the rest of the portfolio can be more aggressive since you have given yourself time to recover any market-drop loss"
@MikeM- Yes, that was the way I looked at things also. While working, our "cash bucket" was mostly insurance against a protracted …
@MJG- You've just touched on a subject that has been a bugbear of mine for many years: the inability of some persons to simply say "I don't know". For whatever reason there seems to be a whole lot of people who would rather waste everyone's time wit…
@MikeM- Your way of looking at the situation is very similar to mine. But I have to concede that @hank has a couple of good points too. We've been told that we could have done much better over the years had we not been so conservative. Probably true…
@hank- Yep. I wonder how many more roaches will be crawling out of the darkness? Sounds like all hands thought that a "cheap and dirty" 737 rework shouldn't be a big deal. How "cheap" it will turn out to be remains to be seen. But "dirty"? No questi…
Yes- and when I checked out all of the best long-term performers it turns out that virtually all of them are closed to new investors in one way or another. That's a good thing for those already in, and I have to admire the various funds for that.
Following are selected excerpts from a current comprehensive article in the Washington Post:
More than five months after a brand-new Boeing 737 MAX 8 commercial jet went down in Indonesia, the manufacturer is still working on a software fix for th…
@hank- Thanks much for the additional info. It's an excellent point re future upgrades... what is Southwest (and others, of course) going to buy? There's nothing currently in the Boeing pipeline. I'm not sure if Airbus has something of a newer and c…
Following are selected excerpts, edited for brevity, from a lengthy and comprehensive article in yesterday's Wall Street Journal.
In the aftermath of a Boeing MAX jet crash in Indonesia in October, much of the American aviation industry—the plane …
It's really hard to believe that after all these years we're still exchanging insults over Monte Carlo (or, evidently, "alleged" Monte Carlo) simulations. This poor horse has been dead for a long time now. How about a decent burial?
"There is no God."
@Vintage Freak: Well that makes at least three of us who believe that. The third is a friend of mine who claims to be a "born-again atheist".
Investigators Believe Boeing 737 MAX Stall-Prevention Feature Activated in Ethiopian Crash
A current article in The Wall Street Journal is reporting that "Officials believe a suspect automated flight-control system activated before a Boeing 737 MA…
@MJG- Thanks, that's a pretty interesting chart. I'm commenting so as to kick it over to "Discussions+".
OJ
PS: How did you manage to find a subject that didn't involve Monte Carlo simulations?
:)
Yes, a SF court is a certainly tough challenge for a suit of this nature. It will be very interesting to see how the many similar cases pending in other jurisdictions turn out.
Yes, thanks @Catch22- I just went nuts searching for that in the Kitces article, of course to no avail. I was beginning to question my sanity until I considered that Derf had also seen it. (Of course, that didn't eliminate the possibility that both …
@Ted: Your question: "name the year and the two teams who played in the World Series both who's home was west of the Mississippi " MAKES NO MENTION OF "THE FIRST TIME".
As an ex-teacher, you rate an "F".
