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.
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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
As I've said before, I like the idea of interval and non-traded funds/investments. It's the execution so far I have a problem with. I challenge anyone to find a truly low-cost interval fund that is unlevered and currently open to investment by retai…
@sma3 It's a mistake to generalize about unions. There are good ones and bad ones. The nurses' union, SEIU, is one of the better ones and it has been in the forefront of exposing some abuses at hospitals: https://wusfnews.wusf.usf.edu/health-news-fl…
I would suspect large corporations with many items like Amazon and Walmart keep track of their purchases down to the item. But even if that were not possible to the bullet, how does over $2 trillion in assets go unaccounted for? Where is it? That’s …
I agree with Observant1 about the problems with many "nonprofit" hospitals failing to deliver on their missions for poorer patients. But it is a mistake to think for-profit hospitals are somehow better in this case: https://cnn.com/2021/05/17/us/hos…
@staycalm Structurally, there are significant differences between non-profit and profit. Yes, there can be corruption and overpaid executives at both, but the fundamental goals are different. For-profit C-Corps have a fiduciary duty to put sharehold…
Non-profit is a legal structure and many nonprofits do in fact exist. Whether you cynically peel back the onion or not, they are held to a different standard than for-profit companies, which require that shareholders always be put first even when hu…
Amedisys, one of the companies mentioned in the article for these kinds of abuses and which funds own it:
https://morningstar.com/stocks/xnas/amed/ownership
Chemed Corp, which owns the also mentioned Vitas Healthcare and Roto Rooter—funds that own i…
@davidrmoran +1
Finally, a pundit with influence points out the significant tradeoffs to raising rates and how ultimately it hurts labor to combat inflation. It puts prices before people’s jobs. Wish more folks said this BEFORE the election:
None …
This is what I’ve seen explaining the movement today: https://bloomberg.com/news/articles/2022-11-28/chinese-stocks-in-us-fall-as-citizens-defy-covid-curbs-in-unrest-lb0le8pe
Bloomberg is arguing that investors are now enthusiastic that the protests…
@sma3 I agree with you about the need for more caring competent PCPs and for better treatment of them. Unfortunately, our system is not built around preventive or holistic medicine, which is what a good PCP practices. It is built around much more lu…
A self-employed primary care doctor seeking reimbursements is different from a surgeon working in a hospital. Hospital medical staff do get raises based on experience: https://work.chron.com/rate-salary-increase-physician-27112.html
The other intere…
@sma3 Although I don't have the time to go point-by-point, I know this is not true: Adding insult, unlike every other profession in America, experience and training and skill in medicine do not result in a differential in payment. An intern, one day…
@Catch22 What sectors or specific companies are allowed to be a 'money making operation'; assuming the research capital is not government funded ???
It comes down to the difference between human wants and human needs. Nothing wrong with making a pr…
@Crash Uncle Josh speaks truth.
Not really here:
No amount of due diligence in the financial services industry can prevent a person or organization from going rogue. You can vet the leadership, you can analyze the balance sheet, you can background-c…
@Old_Joe Isn't it possible that the present inversion could simply be predicting a return to that low interest rate environment rather than a full-fledged recession?
It absolutely could. Finance is not a hard science with mathematically measurable …
I agree with you on the problems with news and privacy on social media and don’t use it much myself. But my point is for many people Facebook and other platforms aren’t a news source. It’s how they stay in touch with their family and friends through…
Agreed, but most people didn’t use the telephone either to learn about current events when it became popular. They used it to socialize with friends and family, much like today’s most popular social medium—Facebook.
While I'm not particularly fond of social media platforms, I do think not being on one will ultimately be like not having a phone when it became popular, or Internet connectivity itself, or if you went back far enough, not reading novels because the…
Ahhh, I see. Perhaps this is the Asia play to make now: https://reuters.com/markets/deals/buffetts-berkshire-discloses-big-taiwan-semi-stake-2022-11-14/
@ProtonAnalyst33
If you're referring to Andrew Foster, he is not at Matthews but Seafarer. Also, none of the posts or linked articles here are by Foster. The first is by Nicholas Borst at Seafarer. The second is a Morningstar article by Lauren Solbe…
It is impossible to extrapolate completely as you said, but given that interest rates went from 3% at the end of September when this last shareholder letter came out to 4% on November 2, it is probable that the yield on this fund will be increasing …
I mean this facetiously, but I do sometimes wonder what would happen if the global community, not Ukraine obviously, treated such behavior by Russia not as acts of war but as criminal acts with individuals responsible as opposed to entire nation st…
It's funny but I recently heard a spokesperson for the GOP refer to Herschel Walker as an "imperfect vessel" in reference to Walker's own shady past and why he still deserved to win. To me the phrase "imperfect vessel" is a religious euphemism for t…
@crash The rationale from those claiming to have a conscience: https://vox.com/platform/amp/identities/2018/3/5/16796892/trump-cyrus-christian-right-bible-cbn-evangelical-propaganda
I was at a reading some years ago for a book about social media and privacy and the author said that Facebook creates “shadow profiles” of people who aren’t on it but are friends or relatives of people who are. So, for instance if your wife is on Fa…
I think in 2022 unless you're very poor and off the grid or very rich and can pay to be off the grid, you have to assume that digitally you have no private life whatsoever. I forget whether it was Zuckerberg or some other tech bigwig that said about…
One should absolutely vote on perhaps the only day of the year when one is a public instead of a private citizen having an impact on a world superpower. Yet the linked article is a bit of revisionist history, of the false moral equivalency and "bad …
It does seem similar to when a company restates its past earnings due to an accounting error. Whether or not the fund company should've eaten the costs of their mistake instead of making you and other shareholders pay for it is an interesting questi…
@sma3 This seems to be the explanation FARIX provided in its regulatory documents:
https://sec.gov/Archives/edgar/data/1261788/000114554922056117/ncen-fulcrum.h
Is that what you received? I am not very familiar with this fund, but it is a statement …
Having a security valued at $10 by an outside pricing service even though the manager senses that price is stale and the security could only fetch $8 if he had to sell it in a falling market I would suspect creates plausible deniability from a legal…
