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.
Dex,
Education also can help prevent drawing wrong conclusions, for example somehow connecting realization of how little one knows to dumbness. Or something.
All of the cost future wrenching is going to be amazing to watch shake out, as it both …
TB, nonsense. Learned skills change drastically and quickly. Education lets you adapt better and more readily develop new skills. Lots of data behind this, especially for, oddly, liberal arts.
Everyone in coastal areas will be depressed in a decade or two, in all senses of the word. Maybe there will be a rising-seas etf soon. New dike, stilt, pump technologies. I gotta go trademark some of these words....
I don't get why this guy and this series always include smallcaps, which skews everything and by definition prevents inclusion of the good performers in the larger group under discussion. Every time Ted posts one of these interesting (almost) articl…
Back when we were all in college, a half-century ago, yeah, but we are all scattered and do not see one another regularly anymore. He sends me papers to edit, which I do though they need little, and we discuss economics, though I got nothing to cont…
Much of this area and technology-jobs link is also a bit counterintuitive, globally, at least to pols (something a sib of mine wrote):
http://www.voxeu.org/article/tpp-fdi-and-good-jobs-us
Nah, I love long posts that are on point with substantiation, and I believe have not taken shots at you when you achieve that. I do sense you like to hear yourself go on, though, and many here have commented on that tendency, and so I mention it onl…
MJG,
Pointing out that you do not really know what you are talking about a fair amount of the time, however much you say you read and give links and go on at such length, and pointing out in this case that you do not keep up, is hardly vituperative…
MJG,
>> overarching view on this matter is that the poverty level in the USA has been mostly static since President Johnson's War on Poverty in the mid-1960s. ... The political solutions have mostly failed.
Wow, you really don't keep up, do …
LB, right. Most economists cannot understand the fierce defense of low inheritance tax. There has been more recent good work superseding and confirming Blodget; will see if I can find. VAT and sales stuff is regressive. All true.
The poor are getting richer in some senses, without question (cellphones, TVs), but MJG, for someone who seems to read so much, tries to show it, gini included, I can only wonder how you miss important work. '... does not necessarily mean': well, ye…
>> I believe we have all earned our rewards.
Doubtless mostly true here, but you must not know any plutocrats :). Or indeed the lucky ones who made enormous killings in the tech or the real estate bubbles.
More broadly, we are fortunate. I…
I did not say that; you missed nothing. I implied he was overpaid, horribly so, a posterboy for same. Well worth dissing, and I am just one of millions who feel so about that particular self-rewarding guy. Read the Fortune link, and honor him yourse…
Anna, thanks. I have been reading Burns for decades, though evidently not quite registering the trends of his thinking. I like 'decedents' but know you meant descendants.
little5bee, not sure what your point is; no one said Ellison did not build a…
Yes, right, multipliers, and channels of flow; I just am not informed enough to think all of this through. Doubtless there are papers, also actual data about what Ellison does with all of his yearly multimillions, insofar as it can be sleuthed. I ju…
msf,
My EJ quote was not from you but Charles.
Most 1% advisers I know, from small ones in Wisconsin to big ones like Edelman, and maybe even Fido, do include (at least via initial questionnaire plus periodic review) planning for big purchases / …
>> I thought EJ would pocket the front load
I have done a fair amount of writing fee structure docs (including for Fido, more recently for Belgian sicavs), and I don't think this has ever been the case, going to back to Channing days decades…
msf,
Also, only partly related, I have been curious about the grand rivers and small tributaries of US cashflow in the arguments about inequality. What are your thoughts about the fact that generally the overpaid (however defined) for the most part …
msf,
Would you please consider condensing and posting your thoughts to him
[email protected]
(same column is at
http://www.dallasnews.com/business/columnists/scott-burns/20150718-burns-getting-our-social-security-moneys-worth.ece
with his em…
In that space I would do 50-50 RPV and RPG and hopefully slightly outperform all of the above. Even more than RSP, weirdly. Check out past performance. Not responsive to your OP, admittedly. Like SCHD too.
omg, lolz, *this* Congress??
I am old enough to remember, though not so long ago, when those within Congress agreed on lots of things of all kinds. But Bob Dole was a Republican then. (One discouraged dude with this GOP clown train.)
2016 will be …
??
from the article:
>> That means 1 in every 20 households in the U.S. has more than $1 million in investable assets. Those figures don’t include the value of real estate.
I would never want this dude analyzing any holdings of mine. His conclusions seem unwarranted in almost all respects. There is overlap that could be addressed, probably.
OJ, sugg reading up before posting so flatly.
It may not matter. PK blog tonight:
... basically that Europe has created a system that treats surplus and deficit countries asymmetrically, even more than the classical gold standard, and leads to a s…
OJ, by 'present' you are describing firsthand experience after all the work done in and since the 2000s?
https://en.wikipedia.org/wiki/Parthenon
Germany, as many are pointing out, has certainly forgotten how they were treated as to their debts. B…
So you would think. Or hope. But it has been conclusively shown that you cannot 'austere' your way out of this situation, not even close, and their econ/monetary options are limited for being in the EU.
Parthenon to China, I guess.
What are you reading or watching?
Poor analogizing.
'Suppose you consider Tsipras an incompetent twerp. Suppose you dearly want to see Syriza out of power. Suppose, even, that you welcome the prospect of pushing those annoying Greeks out of the eu…
