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.
Taking advantage to mispriced mistakes is the bottom line.
We seem to have plenty of mistakes in the market. I looked at the ETF EWP and wondered if many of these holdings are being mispriced due to the real estate mistakes made in Spain. The yield is very high on this ETF right now (M* quotes 11%) but the share price has been hammered. Smart fund managers like Dan Ivascyn, Bruce Berkowitz and Don Yatckman must be sniffing out good deals that are cropping up all over Europe...especially Spain right now.
Comments
http://www.mutualfundobserver.com/discussions-3/#/discussion/3572/oatree-capitals-howard-marks-investment-letter-...
Taking advantage to mispriced mistakes is the bottom line.
We seem to have plenty of mistakes in the market. I looked at the ETF EWP and wondered if many of these holdings are being mispriced due to the real estate mistakes made in Spain. The yield is very high on this ETF right now (M* quotes 11%) but the share price has been hammered. Smart fund managers like Dan Ivascyn, Bruce Berkowitz and Don Yatckman must be sniffing out good deals that are cropping up all over Europe...especially Spain right now.