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.
If I think the world is going full NIRP (which it would not surprise me if it did, despite the fact that that will likely end very, very badly) then I do not want to be in cash, I want to be in assets. Hence, unsurprising futures ramp.
If we go b…
If you watch the CNBC interview with the massachusetts AG on CNBC yesterday, it was a pitiful example of what you have going on with pharma today: politicians are pointing fingers at pharma but want political points or to make a name for themselves.…
Art Cashin talking about how this ends on CNBC: "At some point, somebody will push too hard and the currency/ies will start to go." (just on CNBC, and I couldn't agree more.)
Statement from Bernanke that the Fed may adopt negative rates
http://www.marketwatch.com/story/bernanke-says-fed-likely-to-add-negative-rates-to-recession-fighting-toolkit-2015-12-15
I can't wait.
Given how the Asian markets are rallying and the futures shot up here, at least some people with money seem to think the sky isn't falling.
Is that the smart money or the dumb money?
Or is it the pump and dump?
If I think the world is going …
Too bad. I never had an interest in their equity funds, but they did offer excellent alternative funds.
Couple weeks ago: http://www.bloomberg.com/news/videos/2016-01-14/inside-aqr-s-mutual-funds-success-story
Hey @scott,
I sure do miss your thread ... that you anchored ... "What Are You Buying, Selling or Pondering?"
What is the chance you'll be reopening it again from time-to-time?
Old_Skeet
I don't know how often I'm going to be posting on here b…
Am buying a little bit here-and-there, but expect further opportunities. I'm happy to add to long-term holdings. I'm not thrilled, but I'm not concerned.
Honestly, after this thread I think I'll go back to reading the forum occasionally. Thank you for the note and anyone who wants to say hi can do so via the PM thing on here.
Another vote for Akre Focus, or just buying BRK-B. As for Fairholme, the SHLD saga probably ends this year, as I don't think Sears as we know it will be around in 2017. Either Berkowitz and Lampert pull a rabbit out of their financial engineering ha…
Ignorance here, as usual. "FANG" has been used on MFO with some frequency lately. Google only comes up with a stock ticker for Diamondback Energy. What this "FANG" mean?
CNBC just literally showed Diamondback before an interview with the CEO calling…
Ignorance here, as usual. "FANG" has been used on MFO with some frequency lately. Google only comes up with a stock ticker for Diamondback Energy. What this "FANG" mean?
CNBC term meaning, "Facebook, Amazon, Netflix, Google", so that they can play t…
"Fast trading algorithms are even programmed to scan tweets and make autonomous buy/sell decisions. Individual investors are just leaves blowing in those winds."
Absolutely. I fully accept the idea that I am a small fish in a big pond, and therefor…
Apple is a curious case in my view and I think it illustrates some of the negatives of markets today. In my opinion, Apple is an enormous case of impatience. People want their growth story and they want it yesterday and if they don't get it, they ju…
There must be underlying value that most investors are missing...
We've heard that about Sears since it was well over $100. The fact that Berkowitz is now taking an active role is curious, although I'm not sure I see it as Fairholme-positive. Ultima…
Nothing I'm aware of. I just think there's too few things - you have private equity companies (BX, CG, etc), some Brookfield companies (BPY, BIP, BEP and one more next year) and a few other odds and ends.
Also I would prefer my manager had some principles when he invests. It is a matter of opinion whether one is being anal about it or not. Let's not kid ourselves. Other fund managers have sold BRK using mumbo jumbo finance jingo, but we wouldn't no…
David Winters has said he is longer-term in his views on multiple occasions (I guess aside from occasions where he stupidly faces off against Buffett and then sells his BRK shares in a huff after he didn't get his way - as if Buffett cares.) Where W…
"The Wintergreen fund is another one I bought when it first opened, that had a great start, and then, starting in 2014, began a steady decline. So much for what was supposed to be a whiz manager, schooled under Michael Price, who managed the Mutual …
Energy Transfer Partners and Equity bouncing after $42 million in insider buying (http://seekingalpha.com/news/2971446-energy-transfer-companies-bounce-after-insider-purchases)
" I don't want to look back and see that I missed the best entry-point for the biggest oil E & P company in decades or maybe my lifetime. "
It was $28 in 2009 at the bottom from around $73 at the high. This time around, it has gone from $86 to …
For those who feel like really rolling the dice, Kinder Morgan warrants are now.... (drumroll)....11 cents. They were $5.50 or so in April. I continue to ponder the Kinder preferred.
I am not selling what I have left in terms of oil-related name…
Bluetrend (the London-traded fund that I mentioned earlier in this thread, which was also a feeder fund into the Systematica strategy) has been liquidated as of early December (even the website is already gone.) May not mean anything for this fund b…
My favorite Bill Miller bit:
"5. This time is different:
Since the horrible losing streak, Mr. Miller has read a pile of books and research papers about crises in hopes of getting a better grip on what happened.
That should do the trick."
http://t…
I don't have an iPad2, but there are times when the Morningstar website is so slow that it's basically unusable. It might be that the Safari browser is more sensitive then Chrome on Windows 10.
OMG this. The M* website is incredibly slow at times an…
The convertible pfd is kinda tempting me. I don't think Kinder will cut the dividend but the promised dividend growth is probably not going to happen. If the conditions in the oil industry continue or get worse, a dividend cut may not be out of the …
....Then I could feel safe coming back here.
Reminded me of a recent "South Park" musical number from an episode where Cartman and various celebs wanted their social media accounts filtered so that they would only hear the responses that are posit…
Okay, maybe I'm going to get some disagreement here, but:
1. If you threaten gun control, what happens is stuff like this (http://www.usatoday.com/story/news/2015/12/01/black-friday-breaks-record-185k-gun-background-checks/76624604/) If someone was…
@scott- With respect to entities like American Tower, there are some "yes, buts". I'm speaking here from my experiences as a retired radio technician. It's important to understand the differences between "high level" and "low level" towers: the "lev…
Personally, I think this remains one of the more low-key ways to play energy infrastructure (I don't own a fund, I've always been interested in individual names) but as the move in crude shows no signs of really rebounding (and may get worse), pipel…
CME, CELG. QLENX up again.
Interesting article from Josh Brown re: CME
http://thereformedbroker.com/2015/11/28/one-stock-thats-begging-for-higher-rates/
