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.
Buy Swire (SWRAY) and get investment in Cathay Pacific Airlines and a large Coca-Cola Bottling operation in Asia and parts of the US, among other things (plus a decent div.) I don't own it, but that's a way to invest in a major Asian airline as part…
There is also an interest cost (maybe lower now than before, but still something) when being on margin. Margin levels are very high according to charts I've read. That doesn't mean that the market can't continue to go higher, but I think it might ma…
Further investment in metals, I would think, would suggest belief in continued emerging market growth - a number of these companies have not done well due to slowing in China and continued sluggish growth elsewhere.
I continue to hold Glencore (whi…
I think given the fact that people have soured to some degree on emerging markets in recent months there are some opportunities probably, but - as you note - Parnassus really doesn't have much foreign experience at all.
Reply to @fundalarm: This fund actually started off reasonably well - it was the #1 performer in the category in 2010. It then continued to hold its gold miner bets (as well as an assortment of other odds and ends) and has proceeded to implode sinc…
Note the last update on the fund's website is December 2011.
"In many respects, I think it would be productive for us and our investors to pull a Rip Van Winkle next year. My confidence in our outlook is pretty high, but I think we are likely to en…
Reply to @VintageFreak: AQR entirely changed its strategy (and I believe pretty much stated as much if I remember correctly) to market primarily to advisors not long after the launch of their funds, which is probably a much more sustainable strateg…
Reply to @MikeM: I was just kidding around about the idea of buying managers in the midst of a difficult period after a period of outperformance. It may work, it may not and there's no way to try and time it - a bad year may stretch into a few bad y…
I own a Canadian apartment REIT - given the costly nature of Canadian housing, my view is that there will be continued rental demand. I don't entirely disagree with some of his concerns in theory, but they have been voiced before regarding Canada fo…
I don't disagree with a number of Hussman's points over the last few years (what I've read, at least),but I thought what was fascinating is the lack of realization that with the easiest monetary policy in history and money printing, that he didn't t…
Reply to @MikeM: There are some lower-key REITs as well. ROIC (Retail Opportunity Investments Corp) is one that I mentioned on here as being more defensive a few months back and it's up nicely. A number of the health care REITs also continue to do w…
Reply to @hank: As for the Blackstones of the world buying up rentals, I think the situation kind of starts to take care of itself - you see in the article regarding Oaktree (which I own) getting skeptical and backing away.
The level of hatred of gold by some is the polar/extreme opposite of how they view gold bugs' love of it. I like REITs (in some cases a lot and some specific sectors not much), but I agree with your comment.
Reply to @expatsp: "I wonder if he doesn't have a special, rather illiquid kind of investment in MBIA that doesn't get marked to market every day. But probably that is wishful thinking."
I pondered that as well - some sort of fair value pricing tha…
Risk Parity II (which comes in HV/MV flavors) is somewhat different in terms of what assets it holds.
From the prospectuses ("prospecti?")
AQR Risk Parity: "The Fund pursues its investment objective by allocating assets among major liquid asset cl…
Reply to @Charles: The MBIA situation to me has seemed very heavily event-driven; the main event in question being what finally happened yesterday - the stock's significant movements in recent months have - as far as I know - largely related to hin…
BAC settles lawsuit and takes 5% stake in MBIA. Cue ginormous short squeeze. BAC up on the belief that they have put this issue behind them.
http://www.zerohedge.com/news/2013-05-06/mbi-saga-over-bank-america-settle-long-running-litigation-take-5-s…
Reply to @Skeeter: I think the lack of links to news stories makes the board appear quiet, as someone pointed out the other day.
I'm still cleaning up a few things before I intend to not do anything for the Summer and rest of the year. I have a lo…
More from Klarman:
http://www.zerohedge.com/news/2013-05-05/seth-klarman-expains-when-investing-its-hardest-and-why-he-not-joining-momentum-trad
" Investing, when it looks the easiest, is at its hardest. When just about everyone heavily invested i…
I'll throw in the book from Google's Eric Schmidt and Jared Cohen, "The New Digital Age", about their views regarding how tech will evolve and influence daily life in the coming years. Not a book without a few issues, but an enjoyable read so far th…
I suppose my view is that there's a million ways to invest - if something (long term/short term/ whatever) is successful for someone, best of luck to them.
If someone is successful investing in a different manner than me, I think that's interest…
Reply to @VintageFreak: Technically and "logically", bonds appear less attractive than stocks going forward. That said, it gets to a point where there's an awful lot of people on the stock side of the boat. Personally, I like stocks - I have a set …
How about we close this thread? I didn't agree with it to begin with (and that's fine, people can have different opinions),but now it's turned rambling and rather pointless (with a side of some bickering.) For a thread that was about quality of disc…
On Apr 26, 2013, Columbia High Yield Opportunity Fund was acquired by Columbia High Yield Bond Fund. Information about the Columbia High Yield Bond Fund can be found here. Please update your bookmarks. To access more information on scheduled product…
The only issue with that is that there are few liquid ways to invest in it. The four that come to mind are Adecoagro (AGRO), Gladstone Land (LAND), Sprott Resource Corp (SCPZF.pk) and Glencore (GLCNF.pK)
Gladstone is a triple net lease company (the…
I'm not getting the CNBC = GOP thing. Kernan (aka "I'm getting too old for this and I'll make my boredom obvious to anyone watching"), Caruso-Cabrera and Kudlow are right-wing, but others (Sorkin, Quick, Bartiromo) don't appear to be (Sorkin, who ge…
I see it as not everything has to be health food. Occasionally people chat just to chat, it does not always have to be of exceptional quality or exceptionally informative. Sometimes I like to watch PBS. Sometimes I like to watch an angry, drunken, c…
