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Reply to @TSP_Transfer: ....and moving money to Marketfield next week. I could not agree more with that letter (and the entire letter is a worth a read.)
Fine enough day, with FIS and ABC as highlights. Made the decision not to add anymore or sell anything more. Much like linter and ABC/MCK/CAH, I just don't want to add with the market having moved the way it has. Will revisit after 1/1. Market has …
Reply to @Old_Joe: After QE1 started, I said they weren't going to stop. Three or four QE's (What are we on now anyways? Is it QE Vista, QE 7 or QE 8 with no smart menu and useless apps?) later...
Never? Maybe not, but I think it is long enough awa…
Sorry that I haven't responded earlier and thank you for the article. I don't like the K-1's that come with these companies, but I continue to own a handful of varied MLPs, including Kinder. As for Kinder, I've been a little disappointed with perfor…
I remain invested although I am having difficulty trying to find something new at this point in time.
"I wish I could make atleast 3-4% per year in safe funds. But don't know what those funds are."
Merger Arbitage funds may get around 2-5% a year…
Reply to @Kenster1_GlobalValue: I'm not going to complain about chicks in yoga pants. It's just this "getting back into their Lexus SUV and exceptionally stylish enough to hang out a bit with friends at a busy & trendy Starbucks after their Yoga…
Reply to @AndyJ: "Seems to me it runs more like a lower-volatility stock fund"
I think you had a lot of long-short funds 3-5 years ago that took the definition very seriously. You have a series of funds now (Marketfield, Pimco L/S) that are far mor…
I own it, I like it, it has had a great year, but I would keep one's expectations reasonable in regards to this fund. I do not expect it to continue to have years like this. This is a concentrated fund and has to get bets both ways right. It has def…
If you want value, I think the oil majors (COP, CVX, RDS.A/B) are reasonably priced in many cases. If you want growth, there are the PDX/Pioneer Resources of the world. MLPs will not fare well at least initially if there are substantial moves higher…
Reply to @MikeM: ". Do you think these corporations and their pocket-politicians want to lower prices for the good of humanity? Get real. It had to be a push from government. Costs have been sky-rocketing for a over a generation with no end in sight…
Reply to @Mona: "I guess you are right; it's kind of like the definition of "is". President Obama didn't say Blue Cross couldn't cancel my health care plan."
Um.... I mean, he doesn't mention Blue Cross specifically, but he says you can keep your p…
In terms of Texas you can look at Texas Pacific Land Trust (TPL), among other things. I think there's a lot of things to be concerned about, but I don't think any state would fare better (when it really comes down to it) on their own.
You're going to keep seeing this because no one seems to care about fixing it.
Additionally, on a related note, this:
http://market-ticker.org/akcs-www?post=225305
Quick Note on Liquidity and Netflix
Reply to @InformalEconomist: I guess my thing is that I would be cautious of the Starbucks of the world (not that Starbucks isn't a bad company - in fact I'd recommend both books written by Howard Schultz). I do think that this will have an effect, …
That is so funny you post this. I didn't see this thread and just posted something about this in another thread.
I've been thinking about this for the last couple of days and I really do think that it will have at least a moderate effect on discret…
Speaking of extra money, and I don't want to discuss anything about the politics or the pros/cons, but if people are either going to have to buy insurance next year who don't have it or they're going to pay a penalty come tax time (and again, I'm no…
Reply to @VintageFreak: Because a fund that is a merger arbitrage fund, which should be expected to consistently hit LIGHT singles (a double is a very good year) has outperformed it (actually for both a 5 year and 10 year period, now that I look at …
Reply to @VintageFreak: I dunno, 5 years is a pretty long time, especially in an age where people hold stocks for an average period of days instead of what used to be years. I'm not as anti-Hussman as some, I'm actually rather curious about his reas…
"As a proxy for shares of that ilk, we turn to the
most heavily shorted companies at the start of 2013. The top 100 most-heavily shorted stocks in the Russell
3000 returned 44.6% for the nine months ended September 30, dwarfing the index’s return …
Reply to @catch22: You put it really, really well.
Plus: "Whether a young person really wants to own a home (their parents and/or grandparents social habit) may be in place for many at this time; but the money and decent jobs are not. "
And whethe…
Reply to @Mark: CHSCO is something that I've been looking at as well, I guess I just haven't found a place for it. Very interesting agriculture income play.
Reply to @rono: Apparently it is pricing lower than expected (and you saw a drop in the private equity CEFs that own it), but who knows where it will open on the first day. I think it will probably do very well based on demand for anything social me…
I don't think the market has peaked (depends on time horizon, I suppose), but I think it has gotten ahead of itself. You had a point where the real estate market in many areas just ran out of sellers when prices hit levels they did last Winter.
Sti…
Reply to @Vert: "That really doesn't mean that they will return similar rates at similar frequencies in the future. It's rather a 'false comfort' to the long term investor to imply that it does."
THANK YOU. That doesn't mean don't be invested, but …
Reply to @paydirt: "Any fund like this, (I don't use these for clients or myself) you almost would want to _not_ follow what they are investing in and maybe check their performance once every 5 years... but that would be almost impossible to do."
I…
Reply to @TSP_Transfer: I agree with the "not making any more land" quote.
The REIT that I think a lot of people don't really think about in terms of land is Equity Lifestyle Properties (ELS). That is essentially a lot of retirement communities and…
Reply to @MJG:
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"Greed and fear are two ubiquitous human emotions. In all human interactions it is a challenge to control them. One obvious way to control greed is to a-priori set a goal of accepting average market returns. That acknowledgeme…
