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.
Very well put, David. There was always something of Charlie and Warren that reminded me of my (deceased) hard-scrabble grandfather. I wish we as a culture here in the US spent more time honoring individuals like him than, say, individuals like Har…
Greatly appreciated, David; and I agree, this is not terribly surprising. I hold Osterweis in high regard, and hold their funds in both taxable and IRA accounts.
Can't thank you enough, David. I've been with Osterweis for quite some time. It's reassuring to me that they're taking the same principled approach I would.
Do you know if they're keeping the same bond staff onboard, perhaps to support on OSTVX…
I'm always about 10-15% smid caps, with a heavy value tilt. Especially in my Roth where I have longer (God willing) to ride out any recession. Small caps rock !
Uh...I don't get it. I thought Osterweis was a solid, even conservative, research-oriented shop. This seems like a pretty major mess-up & inability to properly evaluate a business.
@hank: I'm thinking of the $US market, and I'm thinking of the more portable stuff. I.e., an IWC Portugieser or Jaeger-LeCoultre or even (possibly) Piaget Altiplano Ultimate, rather than a one-off Lange & Sohne 8-day tourbillion or some MB&…
Of course, so much depends on one's financial situation, proximity to retirement, etc.
That said, here's one idea.
$20k - Treasuries or LCORX.
$25k - Fine Swiss timepieces (2-3 from the IWC, Breguet, Piaget, DeBethune families)
$20k - VGWLX
$20k -…
Lot of "household" names on that list. D&C, Templeton Global Bond, Blackrock Global Allocation. Been a rough ride for value shops, and active management. Could easily name a couple of other active shops that have really taken it on the chin.
I've looked at this fund for a while. Be good to know if Steve L's death has any influence on the fund or the strategy -- even though he was in his 80's.
I took some of my RPHYX money off the table and am all about T-Bills for the moment. Will go back into RPHYX when treasuries come down. I am also taking the opportunity to diversify a bit into short-ish duration bonds.
FWIW, RPHYX disappointed …
I rebalance quarterly -- generally to control risk.
I have had luck rebalancing into market downturns (COVID, 2008), but the net effect seems to be modest. Here I was using the safer assets (cash, short term high yield) as dry powder and balanci…
Never really got the attraction of social media -- unless you consider YouTube social media. I had started to become fond of some channels on Twitter. I all this stuff does more harm than good, however.
Meta, Twitter, Stripe et al. make sense. I don't get Amazon doing deep cuts - they seem to be quite diversified. Can anyone with industry knowledge provide bit more context?
OAKEX seems to have perennially underperformed. OAKGX, OAKWX, and OAKBX seem to have had long stretches of being solid to strong performers. Certainly value has taken it on the chin, but shops such as D&C seem to have muddled through (although…
I made a good chunk off of CGMFX during Ken's last banner year. Then he went all in on shorting treasuries, and I got out. I think overall I did okay throughout my holding period (beat S&P500).
Had an unsimilar experience with FAIRX. My ro…
to @LewisBraham's suggestion: I own RYSEX and have been pleased with it. I believe Dreifus is eyeing retirement, and there's no guarantee the new manager will have Charlie's talent for deep forensic analysis. Royce being Royce, they also put Char…
I like Oakmark, but have to admit OAKBX has indeed been a bit of a disappointment, but I continue to hold in taxable. OAKEX has been lackluster for longer. OAKLX can be a wild ride, but I hold as a volatility lever.
In my Roth, my max position size is 17.5% (I set position targets in increments of 2.5%). Anecdotally, I found early in my investing career that position size of 10% for a strong performing stock is enough to add a notable amount to portfolio. In …
No deployment of dry powder yet. First deployment will be to AA funds mid/end of summer, then into riskier stuff, depending on war in Ukarine. In general I use a 20% downturn as a buy switch in transitional periods such as these. I am a good 10-1…
I like Osterweis a lot and use them in both my Roth and taxable holdings. I respect that they retain the latitude to go their own way and seem to act as true, prudent, fiduciaries. They seem to be a class act who think a lot about culture and proc…
Oh, great -- Bruce is back on top. That means we can expect to see the following:
1. Bruce showing up tirelessly on literally every money show to pimp the fund, I mean, "communicate effectively with shareholders"
2. Bruce making strange additions…
