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For Studzinski's comment:
"We have heard of one large firm in San Francisco which is a partnership where the partners buy in or are bought out at book value of the business. If assets under management, as a result of redemptions and market declines…
David and Mike,
Yeah, I'm looking to run this on different time periods to play around with it. I'm kind of curious if FPA is right or if it's just an anomaly. I'd also like to know how much a manager's top 5 (or whatever number) drives overall per…
msf, that's very helpful. Thanks again!
I'm basically trying to see how much performance is attributable to the top 5 holdings. I read a while ago that FPA ran an analysis and said that their top 5 holdings beat the index by a large amount. I'm mai…
msf, that's helpful but I was hoping for something that would look at it in real time, for lack of a better term.
For instance, it would look at the top 5 for 2014. Then if the position went out of the top 5 it would assume it's sold and the new s…
I don't know if he's right or wrong about China and the Fed. I'm simply saying his thoughts aren't worth listening to. He knows how to talk but is not a good investor. That's it. One's wealth would be higher by not listening to him.
There is plenty of research that shows that manger who has large amounts invested in his/her own fund tend to outperform those that don't. My experience, or lack thereof, does not invalidate my thoughts (for the record, I probably have more experien…
Livermore and Bogle are the world's greatest investors? Ugh. I supposed if you consider turning a $100 million into $5 million "great" or a guys who made his fortune in index funds (which is a wonderful idea but I wouldn't call it great)...then yea…
You really think investing in a diversified mutual fund where you make the decisions is synonymous to employees putting money into company stock that they have very decision making in?
I would be flat out shocked in administrative fees are 1%-2%. I don' think I've seen one that high. If it is, it's usually done through expensive share classes.
Incredibly misleading article. What does he mean by "fees?" If he's referring to expense ratios, 401ks tend to be much lower than comparable retail share classes.
"The average 401(k) balance is $91,800 (according to Fidelity) and the average 401(…
From inception to yesterday, VSGIX (vanguard small cap growth index) has outperformed VSIIX (vanguard small cap value index). It's not a huge difference though. I'd argue that now that everyone "knows" that small cap value will outperform...it will …
@Paul It wasn't clear from your request: did you just want net weekly and monthly flow figures, or did you want these totals broken down into (a) outflows (smart money) and (b) inflows (dumb money)? There are few EM countries that have a tailwind be…
Awesome! thanks guys. The baron's article is what I'm looking for. However, the ETF site was super useful too. I didn't even know the flows numbers existed like that! thanks again!!
If Buffett were really a indexer at his core, he's be doing the same with Berkshire portfolio.
It's quite interesting that Buffett in his will, has arranged that his wife's portfolio will be 90% S&P 500 index fund and 10% short term gov't bo…
Thanks for the article, MJG. I don't think it's a huge contrast against the Buffett of yesteryear. I think it's more a bet about probabilities and fees. Two and twenty for the funds and then another two and twenty for Protege (or whatever their take…
