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.
@Crash, then there's Jeff Daniels at his Michigan best in Escanaba in da Moonlight! The guy's got quite the range.
Yes! Hysterically silly. Another winner.
EDITED. ...Also saw Charlie Wilson's War. Also superb. With Julia Roberts. Eye Candy. So, we helped the Taliban mujahideen against the Soviets. Charlie could never have predicted the junk that's happening in Afghanistan today. Damn shame.
https://e…
I saw that they agree about that. I see no problem, eh? What I long for is competing campaigns which focus on issues--- like that one, rather than crowd size, racial/ethnic background, and the other silly junk.
Dems and Reps used to start with the …
Yes, problem fixed. The double-authentication is stopped after I told Schwab to remember my laptop. The phone agent was typically friendly, overly so... Then he offered: it may be...
I said: OK. I'm just letting you know. I can't do the work of you…
+1. Smart cookie, @hank. Thanks for the message. I note your new position in RIO. I've been eyeing it. But I'm trying to KISS it. Keep things not so spread out "from hell to breakfast." Gotta unload something else before I go there.
I'm in good company. The West Wing was superbly written. Great character development. Deft and deep treatment of the issues! Daniels' speech (of sorts) in the first episode of Newsroom is already a classic. Viral everywhere. I'll always remember hi…
The saying, "In Russia, it is very difficult to predict the past," is now increasingly applicable everywhere.
If its difficult to predict the past, what chance do I have to be *convinced* about the future.
Yes. All those re-writes of history, the…
...and now, it's reported the Trumpster's campaign's been hacked by Iranian actors. And US Security authorities have reported that there is/was a plot to kill Trump--- unconnected to the shooting in Butler, PA. Holy cow. Jaypers Crow.
I DO have sy…
So, L. McDonald is convinced that we've turned a corner in the economic cycle. Systems and "market forces" work like a pendulum, from the point of view of "The Big Picture." There has been a rush to dive into Big Tech, but that means other sectors h…
New Schwab 'feature' --- over the past 2 weeks nearly every time I login I'm forced to verify my computer to them, sometimes multiple times a day. I have no idea why this is happening all of a sudden, but it is getting rather annoying.
Only happ…
There is already evidence of dementia or Alzheimer’s disease from his speech with shorter sentences, made up words, and monologues of nothing. Will see how he faces a former San Francisco state prosecutor in debates.
BOOM. Won't THAT be fun?!
From L. McDonald's book, quoting Charlie Munger:
"Trade and invest less. Sit back and wait for those top two or three opportunities that come along each year. Measure your level of conviction and allocate your capital accordingly."
I've learned not…
@Crash. …that was me. The “Psychology of Bubbles” was interesting, and that was the basis for my earlier comment regarding this book.
“One key lesson to take away is that for investors, bubbles are an incredible opportunity to make money—as long a…
@Crash,
Thanks for this thread.
I caught this interview that discusses some of his book's topics:
https://m.youtube.com/watch?v=DVZpIrRXr4o
I appreciate the link. I'm listening right now. Interesting. They are talking about stuff in the book, to …
@catch22. Another MFO participant mentioned the book. It's on his to-do list, to read the thing. Seems to me, he bought his copy. I was pleasantly surprised that my public library has a copy. :). Maybe I beat him to the punch? McDonald writes a re…
Assessing Your Risk Tolerance, from the beautiful people at INVESTOR.GOV.
https://www.investor.gov/introduction-investing/getting-started/assessing-your-risk-tolerance
And wouldn't you know? After all the sound and fury earlier in the week, we're almost right back to where we were before that short paroxysm. In '08-'09, I stuck it out, still throwing money into the 403b. Glad I did.
Mr. Market always overreacts b…
09 Aug, 2024:
Larry Summers is up first, until 10:41 into the thing. Macro picture, politics...
David Bianco. (I recall a Jim Bianco, too.). "Crossing the streams." Not-so-good messaging by the Fed, plus the bad jobs report lately, and the BOJ did …
09 Aug, '24
Chaotic week. By the end, Junk made a comeback. Yield curve briefly disinverted.
TCW advises to be long DURATION.
Ashok Bhatia: high quality BBs look good.
Maureen O'Connor: everyone was ready for such a correction.
Matt Mish: Credit …
And now it's getting the attention that the original scumbag intended. Good that this post rightly debunks the ferociously heinous rumor. But at the same time, they're making hay with the thing. Sickening.
The title changed; my post is not related.
mmm...so any time someone starts discussing politics, we are going to change the title?
This is why politics should not be discussed on an investment forum and since one side posts about it 4:1 or 3:1 more…
Without realizing it at the time Lou of WSW is probably the reason I got interested in Mr Market. It was must watch TV every Friday for me.
And same here.
I once was a Democrat. During the years with Clinton and Gingrich the Newt as House Speaker, uncle Bill was just OK with moving to the Right. The Repugnants used to be Republicans. There are very few true Republicans remaining. In fact, if they're s…
Yes… I took my equity holdings down from 80% to 55% … 35% is currently in money markets and 10% in bonds. I plan to keep this allocation until we either see a significant selloff or we get past the election.
...Or we get past the election. Ya, th…
Ya, we have accts. at a couple of different credit unions on the island. We use them as different savings-sleeves for different goals. Plus, if Schwab goes down, we can do x, y or z at the other places.
Let's just hope that they don't keep fal'n...
FALN was flat on the day.
My other two junk funds were up a touch. Everything else was down--- except TS Tenaris--- which bucked its own trend. Still down -13% with that bugger.
The Hill:
Walz owns no stocks, real estate, securities. "Mr. Clean." Jeepers.
https://thehill.com/homenews/campaign/4816341-minnesota-gov-tim-walz-financial-disclosures/
Actually, I dunno what that tells me. Maybe that he likes T-Bills?
That's a ton of money, and it's not in the Market. We all know the FED has been tapering off with the bonds on its own balance sheet. But these have to be MASSIVE numbers. I guess it…
Volatility. It's real. I still don't LIKE it. When the election is behind us, that might help. Warren Buffett owns more T-Bills than the FED now. What does THAT tell ya? Oy.
No argument, but good luck to us on that. Last time that I looked there was neither a major candidate for president nor a major political party saying anything of the kind.
Until there's a crisis ready to fall upon us imminently, nothing gets done, …
