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.
"Roughly 31% to 85% of affairs start at work"
I just love "statistics" like that...
"31%" is "rough"? What would "fine" be- maybe "31.0276%" ?
"31% to 85%" is certainly quite a spread- it's "rough" alright... quite a range in numbers in between 3…
Too late, CLOs were hot in 2023,2024 when I used CLOZ and HOSIX.
If you used HOSIX in '23 you were gambling with a very new fund. M* doesn't show any performance numbers for '22 or earlier. I like to see how fixed income funds weathered the storm i…
"Pam, you have something on your nose.....its brown.......Pam."
She used fake anger to hide behind deflective arguments. It was a clown show. Fit her for an orange jumpsuit, 3 hots and a cot. And not the country club prison - no, she deserves wor…
Wow! That cartoon is deeply moving @msf. Succinct too. Thanks
(We're still above water here.)
There's an old expression (Franklin I think) that if slightly altered reads, "He that is of the opinion that the market can do anything may well be susp…
I just asked Google's AI how many computer engineers have extra-marital affairs in a years's time?
"Based on data suggesting a high prevalence of infidelity in the information technology field and general statistics on workplace affairs, a signific…
"Anthropic's new Claude model blackmailed an engineer having an affair in test runs"
The headline could be taken 2 ways:
1. Does the prepositional phrase "in test runs" refer back to Claude (who was being "tested")?
2. Or does it refer to the …
I've owned both LCORX and LCR in the past and agree with @ducrow 's sentiment. They take a very unique and well thought out approach. And at the time I owned them, I learned a lot from Ramsay's commentaries and how the fund worked.
Others had more t…
True to Chauncey Gardiner's promise that seeds will sprout in the spring, I dumped some $$ into my 5 biggest losers in the stock basket. Essentially brought them up to neutral weight. AJG is by far the worst of the lot. Owned it years ago with much…
Might this laser / drone story just be a cover for some more sinister weapons system which they don't want to talk about? Imagine being in an aircraft overhead when a discombobulator is being tested right below.
I'd like to install one of those latest AI Apps. If so smart, how do we prevent it from stealing and selling our data? Or is it dumb in that regard? Can you buy a "dumb" AI that wouldn't think to steal anything?
If my broker was like 1968 Teri Garr, I'd go to the office in person for visits!
+1
I don't remember her. '68? Working my butt off last year in college. Rarely watched TV / films. But the voice & delivery remind me of Marilyn Monroe. O…
"Can one bet on the min/hr/day outcomes on Draftkings or similar?"
Yes @Mark. I looked this up for @Derf this morning (re different thread) with a Google AI query. DraftKings now facilitates betting on investing in financial assets:
"DraftKings…
@Derf - Have you considered placing a wager on rare earth at DraftKings? (From Google's AI):
"DraftKings has introduced 'DraftKings Predictions,' a specialized platform allowing users to trade contracts on financial, entertainment, and sports even…
I'm usually at least 25 years behind the times. Insurance provider hasn't changed in 30+ years. Stood 100% behind me when a truck driver who didn't speak English ran a red light and totaled a rental car I was driving in Florida years ago. Have use…
Thanks @Mark and @TheShadow for linking 2 comprehensive articles. Call me old fashioned, but I prefer OEFs for many reasons. There are significant structural differences Too numerous to try to summarize. However, I do understand that for some invest…
Could anyone explain to me why a company would do this? ISTM they'll likely earn a lower management fee from the etf. And may forfeit some of the (presumed) stability that comes from long term buy-and-hold mutual fund investors (Frequent trading pe…
Apologies for the erroneous data on TRBUX and TBUX. I learned something about M* chart displays which will be helpful to me in the future. I'd been looking at the color coded bar charts for bond funds and, based on those, drawing incorrect infere…
Thanks Larry. You are right. The table at M* shows only about 4% unrated for TBUX. I was looking at the bar graph further down and apparently misinterpreting it.
What does hedging interest rate risk mean?
From Morningstar (AGZD):
"The investment strategy as stated in the fund's prospectus is as follows: The investment seeks to track the price and yield performance, before fees and expenses, of the Bloomber…
Wow. Depends on what you're trying to accomplish. I don't play around in bonds seeking high return. Prefer to take risk elsewhere. d
For monies that would otherwise sit in cash I use AGZD and PAAA. I think AGZD is a terrific fund. Hedges interes…
Thanks for fact-checking me @Derf. My memory was flawed. Checking the records, I bought a slug of DKNG very early in 2022 (at around $11-$12) and sold it all in February same year. The $72 share price I cited occurred long before I ever owned it. …
Which stock would you have sold to raise cash? CNP was on the chopping block. Have only owned it a week however. Don't want to exceed 20 holdings in the stock basket. Thanks for asking.
I was watching AMZN too. It was under $198 late yesterday (after market). Had it continued falling this morning I'd have bought. Would have had to sell another stock holding first - which made the decision harder. Good luck with what one.
Note that the second largest economy to the U.S. is China. Why would one feel "safer" there than at home? Might be like leaping out of the kettle into the fire.
Thanks @Mark for the working link!
Re "Sell America". It makes a catchy headline. I get it. On a guttural level I might agree. Two investment reasons for doing so might be to (1) diversify currency exposure or (2) spread your equity risk around as…
I just took a quick look @ Mr. Market & a felt a down draft! Take care out there.
If this continues ... Warsh's tenure as nominee may be short-lived. Maybe Rieder to the rescue? :)
There were some disappointing jobs numbers and other indicators…
And here I was thinking that a "wet dress rehearsal" was the precursor to a "wet t-shirt contest".
Yes. It is somewhat suggestive. I'm afraid that ambiguous terms like that could cause confusion among the engineers at crucial moments. WTF is happ…
@FD - Too silly to respond to.
Please answer: Are there any investors, private or institutional, who are smarter than you? If so, please list a few below ...
1.
2.
3.
Gosh - Silver's down to $73-$74 this morning, right where it was in early January when I sold that scuffed up silver bullion coin I'd found in the junk drawer. Received enough to buy a bottle of Glenfiddich, now completely drained. Easy come. Eas…
No worry. Bloomberg is quoting Trump today as saying he wouldn't have nominated Warsh if he believed Warsh would raise rates. A bit of a game of words as to whether there was a "pledge". But rest assured - Warsh won't raise rates (unless things get…
Extensive treatment of this in this morning's WSJ. Won't post the whole thing here, but it's essentially in agreement with above observations. Basically, some dislocation of software, yes, but nothing very dramatic, especially for existing large dat…
Thanks @Old_Joe for the update. Feel bad for that crew. Looking at those solids makes me queasy. ISTM Musk doesn't rely on them, but I may be wrong. I do know Musk's "topping" of fuel with crews on board has been highly controversial - something N…
Today looks brighter. My 10-day old stock portfolio has clawed back all of yesterday's losses. And is close to break-even since inception. SSNC is little changed today. My best holding has been BJ (a smaller competitor to Costco) that was recommend…
@hank- so what made you change your attitude- exclusion from my MAGNIFICENT new ballroom, or my TARIFF threats? :)
Watching precious metals from the sidelines is the best show running now. And you're stomping FD's wildest claims. I think you've …
@hank : After reading your comment above I feel you need to play more in the NBA contests. Good luck & wish you the best on your new basket.
FWIW, Derf
Hey @Derf - It could always be worse ...
Well said @Old_Joe. I think it's healthy to roll the dice once in a while. Maybe more so for us "post-boomers". Proves we still have a pulse. Like you said, staring at a T-Bill just aint the same. :)
I am very much enjoying watching the metals sh…
Thanks @Mark. Always enjoy reading Howard Marks.
"Part of the conundrum, as always, will be delineating between assets that are (a) unreasonably discounted due to psychological aversion and (b) appropriately discounted because they’re fundamentally…
Not a bad idea. I can set the stop at my original "investment" of 7k and just let it roll. Thanks, @Mark.
Makes sense. I suppose.
You metals guys ought to send a dollar to DT every time he says or does something crazy. I think that has a lot to…
