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.
Well, ask and sometimes the World hears you.
http://www.ft.com/intl/cms/s/0/e86a211e-847f-11e5-8e80-1574112844fd.html?siteedition=intl
"US interest rate swaps, popular derivatives that track government bond yields, have experienced a spectacular c…
Gundlach is giving an audio webcast on DoubleLine's CEFs this afternoon. I registered and submitted a question about this, since their funds use swaps now and then. Whether my question is taken up will depend on the ground he covers and what else pe…
clear-eyed ...approach to identifying value
@Andy Sounds deep and thorough to me. And now I must be off to complete paperwork for my $100M "personal," to satisfy a terrible itch I have to make a charitable contribution to my alma mater (it is their …
#6 Use all those stock gains as collateral for something tangible, yeah, like "real" assets. Even with a recent bankruptcy, and a FICO 500, looks like you can buy and flip another house, or two, or three--- terms seem mighty "reasonable" (yes, it'…
Plan on becoming stupid. Execute the plan before you become stupid.
http://www.thinkadvisor.com/2012/07/26/investing-and-the-aging-brain-what-do-i-do-when-i
@TheShadow
Oh dear, scrolling down the est. 2015 distribution list for Baron Funds, at your link here
http://www.baronfunds.com/Mutual-Funds/Distribution-Information-2015/
I see that investors will be getting a little surprise--- a "spillback distri…
@David_Snowball
I don't know whether it was the info, or the way you chose to sequence it, but this month's commentary got my tumblers rolling again (had almost forgot what it felt like). "Thought experiments" I hadn't completed and had set aside. …
@MrRuffles Maybe it's because he no longer holds absolute trust in his brokerage, and wishes to transfer his shares and have them held in certificate form at Seafarer, rather than have them held in street name, with his name listed only as beneficia…
@msf Thanks for the factoids; they were "in there," but I wouldn't have recovered them without your assist. Several years ago, when I found myself standing on my head repeatedly to try to explain why data on different pages didn't match up, and when…
msf said:
That you (and likely the rest of the investing world) expect Valeant to pull Sequoia's performance down further has no effect on the M* star rating.
Of course suppositions about the future performance of Valeant's common would not go into…
Ya know, Charles adds some clarity with the data. Recent performance hasn't been so hotsy-totsy. Add to that the (reasonable) supposition that their huge Valeant holding is a dead man walking, do the math, and M* pretty much had to knock off some st…
"So far, about three-quarters of the S&P 500 have reported results, with profits down 3.1 percent on a share-weighted basis, data compiled by Bloomberg shows. This would be the biggest quarterly drop in earnings since the third quarter 2009, a…
OK, guys, I got it, I understand how it works now. Tortoise and hare thing--- I'll get there. Time to do the homework; back in a couple of days with something you can grade... it won't be an audiovisual extravaganza, @bee (although I'd bet you had a…
@catch22 Far out, man. I assume that comes with a doobie? :)
["full disclosure": I still have this album. Anymore, though, I don't know whether to be proud of this fact or embarrassed by it. (Perhaps I am "transitioning.")]
Oh, that's just great. It's back to stupid we go. I am sooooo #*$&! sick of this!
http://www.bloomberg.com/news/articles/2015-11-03/if-s-p-500-valuations-had-you-worried-in-august-they-re-back
If all of you would just recognize the obvious--- that corporations are people, superior people--- everything would fall into place. All of your anxieties, angst, and trivial complaints of injustices would be washed away, and you would find a new co…
@LewisBraham From what I've read of Lord Byron, he would be considered the modern-day equivalent of the drama queen. Several daguerreotypes I've seen of him showcase his full dark mane, and always draped with a long flowing cape (the Victorian "wind…
Crowdfunding for everyone. Pretty exciting, thinks wired.com. So now you and grandma can invest in startups.
http://fortune.com/2015/10/30/its-official-startups-can-soon-raise-money-from-your-grandma/
There will be some income limitations, and platf…
@Edmond Thanks for the details. When Apollo, or Bain Capital, or private eq like them, get involved in a company's "turn-around" story, then may God or somebody have mercy on that company's soul. Most likely looking at the beginning of a Battan deat…
On the Loomis Sayles site, there is also further commentary about the impact of foreign currency wagers losses on their returns (specifically, on their dvd payouts, which have turned quite low) but little explanation for why they are continuing to t…
Cash is flocking? Wow--- I didn't know cash could do that! :)
If one listens closely to CNN's TV talking heads, and to their reporters speaking LIVE! from wherever, their extemporaneous speech is peppered with the most bizarrely constructed metaphor…
Failing--- state cooperative health insurers. When all have fallen, it will be a corporate health care "plan" for you. Without price controls, they will charge what they desire; everyone will "qualify" for the plans, but few will be able to afford t…
With 17% in cash, and the fund assets at $2B as of 9/30/15 (which is higher than they said they'd let it get before closing), I'd say yes please to a closure for RNDLX, it's about time.
For those interested in the financial condition of Oaktree Cap…
@Bitzer Yes, it certainly matters where they go and when they go there. And just to demonstrate how much difference there is between "non-traditional" bond funds, here's something I ran across several days ago, a rather cursory yet quantitative brea…
@davfor The expenses you pay as a shareholder in MASNX are actually higher than that. The e.r. of 1.74% does not include (1) dividend expense on short sales and (2) interest & borrowing costs on leverage line of credit carried by MASNX, should a…
Info for DoubleLine Funds has been moved to my Oct26 post, in keeping with this year's new methodology set up by The Shadow (which, for some reason, it took me this long to comprehend).
But wait--- there are even more "as of 9/30/2015" choices!
http://www.riverparkfunds.com/downloads/FactSheet/RiverPark_Strategic-Income-Fund_Fact-Sheet.pdf (see the pie)
vs.
http://portfolios.morningstar.com/fund/summary?t=RSIVX®ion=usa&…
Awwwwwh, too bad, so sad for Martin. $55M is such a terrible thing to waste:
http://gawker.com/heroic-uhhh-pharmaceutical-company-savagely-undercu-1738185665
WTF are they doing?
http://thehill.com/policy/finance/257606-house-tees-up-conservative-plans-to-raise-the-debt-limit
http://thehill.com/policy/finance/257836-gop-braces-for-clean-debt-vote
I don't understand. I don't understand any of these people…
