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.
Warren Buffett says he only gets one or two really good ideas a year, then he sticks with them a long time. That's how I see Berkowitz. And I think that's the only chance a fund manager (or fund investor) has for serious outperformance.
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And I r…
Bruce once stated he managed his portfolio as if his clients had all of their money invested with him (Wealthtrack interview). In late 2010, I noticed he changed the portfolio drastically; I sold. Fortunately, I did not get hurt by the big drop th…
Whole Foods getting absolutely obliterated AH. You have what feels like a significant portion of momentum names down substantially or in some cases massively (30-40-50%+) from the highs, but the market overall isn't down that bad. The Twitters of th…
@cman:
2. If perhaps P/E is not a good valuation measure for REIT funds, then what is
REITS are often valued by FFO (Funds From Operations) rather than P/E.
@jlev,
In the US, I like the big mall operators like Westfield. (Australian actually) As the shopping experience starts to transform away from strip malls and towards lifestyle malls we will see new construction. The US is a bit behind in this co…
Personally, real estate and hard assets are a significant portion of my portfolio. For me, it's easier to buy and hold when I have a strong belief in a sector and/or company, even if they may be may be more volatile day-to-day. I like real estate, …
I've occasionally written funds, but it seems often that such an address isn't made available. The one that I've wanted to write was Hussman (not to be mean, but some genuine questions), but no email there. I'd write Winters if I saw an email. The n…
I have some in the Allianz fund. I've thought about investing in individual water equities and would love an investment with water rights, but in the meantime, I do have an investment in AWTDX as I agree, water is going to be a big issue globally go…
"Canadian Pacific Railway's crude oil shipping business will likely see its revenue double to 10% of the rail's overall total in the next two or three years, its chief executive said."
"The risk of derailment and other safety issues associated with…
I'll run the numbers when I hook-up. But I seem to remember WGRNX did not do very well in 2008/9. .
Yeah, that's sort of what I was going for. For a fund that supposedly has a number of tools at its disposal, the fund really didn't offer that much d…
"Allowing for the facts that transport of oil by rail has increased enormously, and is likely to continue to do so, that the tanker cars are obviously deficient from a safety perspective, and that rail lines frequently do pass through populated area…
I agree with a lot of what David Winters has to say and like the theme that seems to back a large portion of the fund, but the fund overall has not been anything remarkable since inception. I think what the fund seems to see itself as (highly flexib…
Until we begin to look out 50 - 100 years and begin to foster a set of emerging energy solutions the spills and the clean ups (cover ups) will continue.
I think the issue is, if you believe that big oil doesn't want to become little oil, one of t…
Wow. Good article by James Saft.
A family member puts it this way: "People want to trust banks because they hold our money, but they are all corrupt."
Hey, the new movie Wolf of Wall Street is unsettling too.
I've often said that these banks have…
"I'm neither strongly opposed nor strongly in favor of the Keystone pipeline."
Are you sure? Because it kinda reads differently. Not meanly, just sayin' lol.
Everyone has a bit of a NIMBY-ee in them for something, even those who are so strongly op…
....and the Canadians begin to lose patience. Again, the Canadians should just forget about it and build lines to the coasts to ship to customers in Asia and elsewhere in the world.
http://business.financialpost.com/2014/04/30/keystone-xl-nafta-cha…
Has Uncle Art been replaced by Bob Doll on this board? I found Art's platitudes to be not especially useful. N.B. Why couldn't my grandparents think of a "cool" last name like Cashin or Doll? Thanks again, Ted, for your postings.
One of Buffett'…
Thanks guys. I haven't done the math yet, but it makes sense to me that even with commissions I'd be saving money and collecting more of the dividend stream over PRBLX, VDIGX or even VIG.
Just at a glance I really like the QCOM rec. Solid expansion…
re Costco - They were favorably mentioned in a recent CBS 60-Minutes segment on prescription pricing. So folks would do well to check them out. Regards
What they found was a $749 difference -- that's 447% -- between the $916 price tag at CVS (CVS…
@Scott, so what are your favorite ways to play infrastructure? Is it through funds or stocks, ie BIP? I agre on the water front have been considering CFWAX, which is load waived through Fidelity.
My position in BIP is a long-term one, although not…
Considering selling PRBLX and just buying individual dividend stocks a la Josh Peters. DE, MAT, F, COH, CSX, CVX, AMNF, BBL, APAM, TROW, INTC, CA, CSCO, ESV, TUP, HCP on research list.
There is still time to talk me out of this foolishness, so fir…
bee- we have some GASFX and it's been the #1 performer (+10% !!) in our stuff YTD by a long shot. Thanks again to Scott for his many posts re GASFX.
Thanks!
I just think you can't go wrong (long-term) owning vital infrastructure/strategically loca…
HHCCX is the other fund that is l/s healthcare. (And yes, before everyone gets all upset, it does have a high ER and load, but it has done reasonably well...)
No changes since last report. If BAC gets slammed tomorrow, may add to it. Otherwsie, steady as she goes. Think the recent tech earnings, and honestly earnings in general, as well as recent order report, will help steady the bull. Ukraine remains wo…
I was really interested in IAC from the standpoint of their investment in Aereo, the new and highly controversial TV streaming co. But I just can't care less about most of the rest (things like College Humor and 150 or so other internet/e-media bran…
@cman: I don't doubt that what you write may be true, in at least some cases; it would make sense that a large MF co. would want something in return for putting client skin in the game. However, if true, where have you ever seen this acknowledged in…
@Scott, the biggest problem with Johnson and JC Penney is that he didn't understand his target market (or he was completely trying to replace it to another segment which is even more foolhardy).
Yoga or coffee or whatever, the idea of creating a mu…
Headed to zero?
There's probably some value there, but I think it's a question of whether that is compelling value to common shareholders or potential value to people who are going to pick over the pieces. Unfortunately, I think it's the latter. The…
HH Gregg (aka Best Buy, Jr.) -11% today. There are a number of retail companies that have gone past their expiration date and I wonder if some of them would have been long gone if it wasn't for the cheap money and desire for yield of recent years. T…
Just curious, but unless you or someone is day trading, why is this important these day to day ups and downs? As an 'investor' I don't get it.
I have a longer-term view, but I like chatting about what's going on on a day-to-day basis. Not everything…
on a separate note, i recall blodget was an art history major and a chearleading internet stock analyst during the bubble of the late 1990s and was later kicked out from the industry for life. what made HIM an expert on economy?
His awful website…
I think the issue is this: HLF (as well as a few other companies - I believe NuSkin is another) are classified as "Multi-level Marketing" companies, which is the most sketchy description of a business I've ever heard. I don't think what they're doin…
I have a neutral position on HFT's. That's because I really do not understand them, yet they seem to fit in the progression of the markets. It makes me wonder if all the negative news on HFT's is also due to lack of understanding?
Read "Dark Pool…
@Charles: "It is one reason I've been drawn more to all-asset, all-authority funds."
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Besides the 2 Pimco offerings managed by Rob Arnott, what other all-asset, all-authority type funds are you aware of?
Marketfield can pretty much go…
