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.
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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
As a working editor but not invariably a hardcore prescriptivist, I know that MW slips a bit every single year (I believe it's they who now permit strangled to death, gah, and also give miniscule as a variant of minuscule, or maybe that's just the W…
Yes, the hed pushes readers in the wrong direction, but working mathematicians actually permit median and average to be the same thing?? Wow, how extremely lame and discouraging.
>> Buying what is performing doing well and switching when its not is probably a better strategy for most investors.
All studies of this show that it guarantees lesser, aka investor, returns.
>> You buy stocks for less than their fundamental value, wait until that value is recognized by the market, profit, then rinse and repeat until you’re rich.
The CAPE algorithms seem to be bearing out the value premium, if I am understanding …
An expensive Leading Edge PC, later bought a 'ram disk' board and MultiMate, to match the Wang OIS system I used at work for tech writing. Soon had to learn various Unix (also Apple) systems at various later editorial jobs.
On his show today Ric Edelman gave a thorough WF history review, with detail, and called for his listeners to cease all business with them; not sure he has ever done that before, at least that I have heard. Hear.
@JC,
Of course in the abstract all of those sound mostly okay, but Rudy has shown his true colors to everyone, has he not?
(And the Don could subscribe to all of them too. Except for 7 and 13.)
@MJG,
Your wide-eyed responses (moi?) indicate that you need to know so much more than you do, it seems.
http://kevinbaker.info/americas-mayor/
Just a start.
That simpleminded political 'quiz' is by far the most simpleminded, indeed feeblemi…
Actually, correct: it cannot happen here --- we have way different fiscal policies. This stuff does not happen in a vacuum, right?
Other bad stuff, sure. But not what Japan did and experienced.
(LATimes)
\\ Although Rodney King was driving under the influence and was on parole for armed robbery, he was never charged. He was awarded $3.8 million in compensation by the city. King, 47, spent his multimillion-dollar award. He had frequent run…
I am glad to have your permission to query you about what something you wrote means, such as the completely empty (think about it) opening statement that forecasting is often wrong but not always. Yet now you say it has progressed. So which is it, i…
>> forecasting is hazardous duty and is often wrong. But not always.
hence perhaps not different from all such speculative behaviors ... "expectantly flipping coins is often wrong, but not always."
Spelling is Soviero.
I went with him early on and made a bit, and bailed only recently. One of my kids too.
Same for me w Heebner.
I sure would never guess that I had more patience than many investors.
>> retired ... the business altogeth…
Backtesting with the actual performance data would work for me. Same as when I see how a mutual fund has done.
Right, stories are not as good --- although note that investors here and elsewhere make that decision all the time; a large percentage o…
He appears to be directing traffic to a pretty interesting site that does autosubbing / reconstruction of a given fund using etfs.
I would not be at all surprised that there is a market for this; Lord knows many of us try to do it manually.
Ted, jus…
7 if bundled, else a few more:
DSEEX / DSENX, PRBLX, FLPSX, DVY, FREAX / FRIFX / VNQI, SGOIX / FOSFX, PONDX / PDI .
plus several once glorious now ratty stocks.
It would be real nice to have the Symbol column stick (stay) when scrolling horizontally.
Here's an exercise for US LC div / value types. Examine mfund PRBLX against the usual etfs SPHD, CAPE, NOBL, OUSA, HDV, SCHD, VYM, DVY, with IJH for a side en…
This helped me:
'What’s happening isn’t really spooky action at a distance; it’s spooky distance, revealed through an action.'
http://www.newyorker.com/magazine/2015/11/30/spooked-books-adam-gopnik
Right, it should go without saying that with all short-term investing, volatility sure as heck equates to risk, without question. Game of chance and all that.
One of my kids studied economics and later got an MBA from where French is a professor; after I emailed the Buffett piece, I got this response:
This is interesting; I did not know these thoughts of Buffett. And I've always felt suspicious of risk =…
>> If as an investor you elect to ignore MPT metrics, you throw caution to the wind and invest using other nebulous selection criteria. In no way have I distorted or misrepresented these facts. You might not agree with the methodology or the …
Tautological, and in any case as total-market / undiversifiable risk is not really what's under discussion.
It's clear though from the wikip entries on financial risk and standard deviation that these different aspects are commonly conflated crude…
An old friend of mine who's a retired NYTimes reporter still living in an affluent NJ suburb has recalled how, starting that afternoon, the local citybound commuter rail parking lots remained full of fancy cars, waiting. For several days.
