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Whereas I'm not a fan of 'big Government', I am a fan of responsible regulation. This reminds of the kind of stuff reviewed in the Frontline documentary 'The Warning'. In this documentary, Brooksly Born repeated attempted to warn and regulate CDOs…
@jerry: That's the problem with these high beta funds, you can never be sure if you're getting in at a good time. How do you know when it is a bull/bear market as it can turn with any talking-head's comment or other 'Mr Market' whim? Low beta fun…
@brbrock: If I'm reading this correctly, it appears that AMG (the same group that now has controlling interest in YAFFX) will take over. No fund Management changes will take place.
Just take a look at the performance of ICMAX vs FAIRX, on Morningstar. Eric Cinnamond may not be viewed very favorably at this time, but I'll take a steady, disciplined approach to the roller coaster approach of Berkowitz, Heebner and Soviero, anyt…
As men, we all have our own personal mix of fear and greed. This personal recipe defines who we are. As pertaining to investing, it is our job to find what allocation meshes with who we are. If we get it right, we hold. If we get it wrong, we bu…
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…
Winters charges 1.85, FMI charges 1.00 for FMIJX. Although the FMI fund did not exist during 2007 - 2008, I'm confident it would've held up better than the Wintergreen Fund. I also voted with my feet. I'm pretty confident the FMI gents are also d…
Favorite bear market quote: Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.
Now that I'm reading more, the Danish system is far better than the Australian. So, if Washington was truly interested, a blueprint already exists. The question is, do you think they're truly interested.
This may be a better idea. It isn't perfect but it is something to learn from: http://www.forbes.com/sites/nextavenue/2013/08/19/to-solve-the-u-s-retirement-crisis-look-to-australia/
The interesting thing is, lately we've seen multiple so called ideas coming out of Washington which are supposed to be for the people. One shameful idea is the myIRA which is simply a means to have the sheeple pay for the ever increasing spending w…
Washington could craft a better retirement plan if they would take the Ponzi scheme which is Social Security and privatize it and have others outside of Government come up with rules for investing in equities. The funds should belong to the worker.…
In keeping with the theme of the thread, I use APPLX as part of my all cap value, conservative portion of my portfolio. As such, it has behaved just as it should. If you look back at the 2008-2010 timeframe, you should see they are rather conserv…
My favorite Global Value funds would be ARTGX or even more conservative, APPLX. Morningstar list APPLX as a Midcap value fund, but their mandate is broad.
I had owned Wintergreen since inception. I sold my holding within the past year when I decided to move to the Artisan Global funds. I knew Wintergreen was expensive, but I expected the fund to do better during down markets. Then 2008 happened and…
One more thing, be careful of recent performance. For me, it is better to judge a fund when seemingly the world is coming to an end. In a severe downturn, would you have the stomach to hold on to SMVLX or FAIRX? Things have been nice lately, but …
Forgive me, but it still isn't clear. What is/was your strategy? Performance is tailing off of many funds lately that follow a value strategy. In particular, I'm sure you've noticed YAFFX has slightly underperformed as it has increased its cash p…
May I ask, what was your original reasoning for buying these funds? Perhaps, by knowing why you bought them, one may be able to suggest which one to sell (with a better point of reference).
Thank you Ted, I missed the Q&A section. Thank you as well David. If I'm not mistaken, AMG owns Yacktman funds as well, so no issues there. Just wanted to make sure Eric Cinnamond wasn't going anywhere.
