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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.
And of course there is this, if wingnuts continue to have their way:
http://www.washingtonpost.com/opinions/the-rush-to-humiliate-the-poor/2015/04/07/8795b192-dd67-11e4-a500-1c5bb1d8ff6a_story.html
http://www.washingtonpost.com/blogs/wonkblog/wp/2…
Oh, sorry, sure, and don't disagree about length. My copy/paste did indeed glom three paras into one.
http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf ; see Meritocratic Extremism in Wealthy Societies, three paras.
The senten…
Gosh, that Piketty passage is clearer and more flowing than much of what I read every day, and in some respects better than what I write.
It is true that academics (and others) necessarily make assumptions about what the reader knows and ought to …
Piketty is droll on the usual meritocratic arguments, citing Lamont (emphasis added):
\\\ In 1881, Paul Leroy-Beaulieu explained that the state went too far by raising only the lowest salaries. He vigorously defended the high civil servants of his …
>> If you think otherwise...lets hear it...something of intelligence
Well, Tb, it ain't easy to think of anything intelligent say in response to this:
>> Poor People want to be payed for their Time and are payed based on their Skills p…
What you get for reading the National Review. I am very surprised; I thought Ritholtz was smarter than this. I mean, I know he is, and have read smart things from him.
Sigh, okay. From a nonwhite it can mean 'guy' (as here), or 'loyal pal', or 'dumbass'. Nothing much to do with color. The first, for the last many decades, as Tb points out.
From a white person of course it means none of those things unless uttered…
Just a quip meaning 'F that guy', is all. Funny in hindsight. But bound to be misunderstood.
It's always good for people full of themselves be thunderstruck-humbled. Even when they're youngsters. They were a good team and did impressive teamwork. …
>> funds like Sequoia remain lowest decile across nearly all evaluation periods.
>> No one metric tells all, but for those sensitive to drawdown, I think this one warrants more attention.
Right. Do you propose a different capture of it …
Compare RPG and RPV performance with SP500 and with RSP for that matter. Some appear to work quite okay, is the point. If I were indexing more and not (maybe foolishly) following active and algorithmic management in retirement, I would put most of m…
@Scott:
>> Food inflation does continue, but yeah, that's not part of the CPI
Yes and no; see first entry in this FQ list:
http://www.bls.gov/cpi/cpiqa.htm
Several issues here maybe. No point in interviewing him re origin stories and thinking, I agree. I would forget about notetaking and notekeeping too. Define the goals, as you are starting to do, and of course as you cannot do on your own. Is it what…
On the dip put lots into DSENX, as reported in another thread, and debating whether to triple-down on REXX and COG. Put nearterm-needed into more GLRBX.
Ah, right --- purity of essence!
(As a university TA long ago we taught this film also without sound, just having the students watch it, visually, a beautifully composed piece of work, among other things looking for images of loss of control throug…
@Ted,
Oh, no --- does that mean you do not want to join the cell?
Now, here is some real redistribution:
\\\ ... one of the main things [ACA] does is raise taxes rather dramatically on a pretty small number of high-income people in order to give …
Good ol' HUAC has been cold dead for 40y, thank goodness, although the Judiciary committee has some of its nominal functions. The "outlawing" of the Party has never been repealed, although nobody anywhere enforces it, so there may be hope yet here i…
@MJG, I am very impressed that someone who reads any Heritage lit whatsoever spent two hours on Wolff. Good on you. Zermop nicely ends with potential advocacy of 'public ownership of large, national industries, like mines and farms.'
Thanks v much; two illuminating responses. I will let you know what M* response is to my query. Maybe they will just say 'Dude, you do not know what you own,' in violation of investing rule 3.
except with a lot of bonds (at a remove). What ratio, is my question.
This whole thread started with acknowledgment of it as LV, yes. I mean, check out the CAPE index it attempts to surpass.
At market close today I added to DSENX and now have 35-40% of our nut in it, so I wonder if there is any accuracy whatsoever to M*'s characterization of it as like a 50-50 balanced fund.
Crash, msf, if you need another laugh at M* and their DB work, go to Instant X-ray and put in 1k or whatever of DSENX and see what you get. (No US stocks, the 27% now moved to foreign, etc.) Wild.
(Also meaning I won't be readily able to analyze my …
Thanks --- I know! At Fido the min for is way higher, 100k, I believe, which I would meet, but you still have to pay $50, which totally and immaturely irrationally sticks in my craw. (I could run the numbers.) I just want to be able to bail in a yea…
ha, legs are long broken, partly, metaphorically, investment and otherwise.
Looks like about half stocks and related. How I read 'other', in other words.
See
http://www.thinkadvisor.com/2013/11/22/gundlach-on-shiller-cape-fund-a-better-mousetrap…
Crash -- ? wtf? DSENX is LV, the others are all moderate allocation, right?
I don't disagree that proper categorizing is pretty problematic for this rotating LV fund indexing some value-rotating ETN, but with secret sauce added via debt derivatives…
