Dear friends,
My February essay is posted, along with three new fund profiles. The funds are Bretton, Matthews Strategic Income and Grandeur Peak Global Opportunities. I had occasion to chat with a WSJ reporter over the past couple months, and he'd solicited a list of the three best new fund launches since July and the 8 or 10 best tiny funds. Since I mentioned Matthews and Grandeur Peak, I thought I should share some of the reasoning behind the recs.
Other highlights:
a celebration of a couple milestones - our 2000th discussion thread and 50,000th reader
discussion of three site upgrades - Chip has constructed a compact, updated alphabetical list of all of our fund profiles, Accipiter launched the endlessly-cool Summary program and Junior Yearwood is going to lead a "best sites on the web" project for us. More on that soon.
a small rant about the quality of data available on the web (another fund with a massive portfolio goof, another programming screw-up by the SEC)
a couple stories on the theme "look past the numbers," focusing on Matthews Asian Growth & Income and Oceanstone Fund.
As well as miscellaneous other delights.
For what interest it holds,
David
Comments
The statistics are very fascinating....number of visitors, country locations, etc.
Regards,
Catch
The real-time tracking - watching folks come and go late at night - is almost hypnotic.
Cheers, David
Sorry to tag this with another post; but I forgot to place it with the original write.
From the Feb. commentary:
"Junior brings what we wanted: the perspectives of a writer and reader who was financially literate but not obsessed with the market’s twitches or Fidelity’s travails."
Might you expand on the: Fidelity’s travails. The reference to Fidelity in the same sentence with "twitches" leaves me not understanding the intention.
Thank you,
Catch
My reference to Fidelity comes up as I watch them try to figure out how to manage Magellan. The new manager was originally slated to manage four other funds along with Magellan, there was some discussion of a "new model" by which a manager would handle related portfolios, then criticism that they weren't taking Magellan seriously and finally a retreat on their part, which removes him from his other funds but triggers another set of shuffles. All of which is intensely boring to 99.96% of the world and fascinating to folks who know of Fido's struggles.
That's about all I was waving at.
Hope that helps,
David
From their website: Mr. Singer first published about the Congressional Effect in 1992 in Barron’s. He has over 25 years experience in finance, at such firms as Smith Barney, Paine Webber, and H.C. Wainwright, and ten years as head of Corporate Finance at Gerard Klauer Mattison & Co., Inc. He graduated from Cornell Law School, where he was on Law Review, and SUNY Stony Brook, where he was Phi Beta Kappa.?