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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
It's a difficult question to answer regarding small-caps. There's a case to be made for small local companies if one considers that globalization may be coming to an end as trade wars, energy prices, and grotesque nationalism heat up. Multi-national…
It seems like it. What is interesting about this article is it shows how communication in rural areas could work better with an interesting environmental example in Arkansas:
Last September, Booth gave a brief speech that was streamed live on YouTub…
It is interesting how what I suggested is turned into giving me a lecture on climate denial and whataboutism.
That probably would not have happened and certainly would not have in my case if you hadn't taken a specific topic of Berkshire Hathaway an…
I am interested in companies' current actions on climate and not words. NYT, like most media these days, has devolved into selling outrage.
Since when? Climate science is not new:https://en.wikipedia.org/wiki/History_of_climate_change_science
In 18…
I wonder how the SEC and regulators are viewing this as Musk has gotten into heated battles with the SEC in the past with his Tweets attacking them and for his Tweets revealing too much or misleading information. What will it be like if he owns the …
According to the proxy filing: "In contrast, the nominees nominated by Saba have limited (if any) experience with closed-end funds or global bond strategies." While it may be true regarding global bond strategies, Saba has invested in and been an ac…
Closed-end fund managers who don't like activists should try being more responsive to shareholders. That said, if Saba takes over, there's no guarantee it will do better by shareholders. It would be nice if traditional closed-end funds converted int…
Damodaran's notion that ESG investing is some monolith, all invested in one way, and therefore a "feel-good scam" is absurd. There are many varieties of ESG. Morningstar if you have access has done a number of pieces responding to his claims: https:…
Well, there is a difference between a management fee and a final expense ratio, so it is actually possible both statements are true. The manager can waive a portion of their management fee, but the total expense ratio generally incorporates more tha…
I don't believe Morningstar ever considered it a market neutral fund. In fact, Morningstar no longer even considers long-short equity funds like this alternative funds as most have too much beta exposure or correlation to the market.
According to the latest prospectus, the expense ratio remains 1.00%
https://sec.gov/ix?doc=/Archives/edgar/data/1096344/000119312522086680/d437018d485bpos.htm#toc437018_3
Agreed, but it is the one stock issue I'm referring to here when there are literally thousands of potential stocks to research and invest in worldwide, not to mention many more bonds, preferred stock and other securities to consider. The notion that…
Seems more sensible to just buy St. Joe directly and avoid the potential tax hit of FAIRX selling some of its appreciated shares as well as FAIRX’s management fees. I sometimes wonder what it would feel like to be a manager getting paid millions of …
Sorry to see these two go. International Value still has a strong long-term record--3, 5 and 10 years. Key man risk I imagine. As for a pronounceable name, well, isn't that like an American saying at a shop overseas, "What's this in real money?"
Fidelity and T. Rowe have proprietary semi-transparent ETF structures they can run active strategies inside of. Vanguard currently does not. For Vanguard to run a semi-transparent ETF it would thus have to license an exterior structure from outside …
If one assumes zero risk control, high volatility and short-term speculation as opposed to long-term investment, what is the advantage of ARKK over a leveraged tech oriented ETF like TQQQ?
I feel bad for the people who bought near the top. This graph near the end is particularly interesting: Wood has suggested that risk management lies not with her but with those who invest in ARK’s funds. It’s tough to see why that should be so. ARK …
I think Mark's suggestion--BIAWX--is a good one. And VEIGX, despite its global focus, is shaping up to be an interesting ESG play. The absence of energy in 2022 is certainly affecting performance negatively, just as its absence for years prior to 20…
My impression with bond funds is you still get a portion of the interest based on how many days you held it during the quarter, although this would not be true with a stock paying dividends.
To me what Dom De Marco was doing at Di Fara goes beyond simply making pizza. He was making a kind of art. What restaurant have you been in where only one chef makes all of the food himself day in and day out for decades? Perhaps only our parents' k…
What I find disingenuous is the fixation on welfare on the poor as wasteful socialist spending while embracing federal military spending, which historically has been double that of welfare spending and often goes to red states, propping up their ec…
Agreed, but people often will point to examples of fraud in massive government assistance programs that help millions of people who aren't committing fraud as reasons for not having those programs at all. The mythology and lies surrounding the so-ca…
The fraud in the Covid relief is shameful, but it is misguided to assume that some billions fraudulently misappropriated in $5.1 trillion worth of two relief--2020 and 2021--packages indicate some sort of failure in policy:
https://cbpp.org/resear…
Why is it those who preach the mantra of “personal responsibility” rarely seem to care about corporate responsibility? It’s a two-sided transaction but one side always is dramatically more informed and powerful than the other and it’s not the consum…
It does sometimes seem to me the inaccurate or exaggerated negative statements about companies from short-selling money managers are investigated and complained about far more frequently than the inaccurate and exaggerated positive ones. Short selle…
