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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
The shortages will be rectified I imagine within the next few months. What might be harder is to rectify people's psychologies so that everyone is willing to take the vaccine. My impression is this will only really work if something like 80% to 85% …
Never underestimate the fund industry's ability to capitalize on any situation. From the prospectus:
The Index Provider then matches each company’s country of risk against that country’s “Democracy Score” assigned by The Economist Intelligence Unit…
I think yes to a certain degree if you bought an active fund you have to trust management knows what they're doing, but if you have a portfolio of active funds that all have similar sector, or worse, identical individual stock exposures, it could ex…
I found this article by a former Republican operative who left the party in 2016 particularly interesting regarding the religious Christian angle and how the party's shifted on it over the years: https://forbes.com/sites/chrisladd/2017/03/27/pastors…
Still, it's pretty twisted that religion somehow got tied together with the idea of owning any and all assault rifles. Where does Jesus mention Ak47s on the Sermon on the Mount? Even religion itself has been perverted by a carefully organized propag…
This has been ongoing for decades. The question is does Wall Street care and will it ultimately affect the bottom line? Henry Ford realized that if his workers didn't have a decent wage they couldn't buy his cars. So who will be left with purchasing…
Agree with you both about history, but I do think 2021 presents some unique problems with the way information is disseminated. In other words there are many more "alternative" histories today, and it's very easy to propagate false information, or do…
I think the time for talking privately amongst friends about this sort of behavior has passed:
https://haaretz.com/us-news/neo-nazis-qanon-and-camp-auschwitz-a-guide-to-the-hate-symbols-at-the-capitol-riot-1.9434983
https://nydailynews.com/news/p…
No, it would've reacted surely to that. But if the national guard/cops came in and then killed the traitors--and anyone invading and then carrying a Confederate flag in the capitol is a traitor in my book--the markets would've tanked and then probab…
That would depend on how you define successful. A complete coup in which Trump seizes power as the dictator he's always fantasized being and American democracy dies altogether instead of limps along slowly to its demise like it has been for forty ye…
@davidrmoran OK, that was funny. I actually think the Georgia Senate results have far greater investment implications than this act of treason by Trump's base.
@Junkster Probably the only time I can ever say “ I agree with you”
Hold a grudge much? I'm sure there are many things we agree upon. I just believe investing is inherently political and the ends don't justify the means when doing it and you think t…
Because we live in a world run by corporations and plutocrats in which governments no longer seem to matter. The checkerboard may have switched sides from red to black, but companies own the checkerboard and all the checkers. I imagine the Street be…
@Old_Joe and everyone
Allow me to introduce you to: https://camelcamelcamel.com/
You plug in the Amazon link for the product you want to buy and you can see how its price has changed over time and when it has gone on sale. So in this case:
https:…
Mutual Fund Ranked by Market Cap
DFA Emerging Markets Small Cap / 954
Morgan Stanley Inst EMkts Sm C / 1,021
Ashmore Emerging Markets Sm Cp / 1,294
Victory Sophus Emergi…
You are confusing price momentum with growth. A value or blend stock can also beat the S&P 500’s returns. They can also have price momentum. Growth is about revenues, cash flow and earnings versus the benchmark and industry peers and it’s forwar…
I suppose one reason not to own it is it seems fairly easy to execute this strategy yourself without paying a management fee by buying out of the money put options. Moreover, you could tailor your purchases more closely to your actual portfolio.
@davidrmoran Yes, but while the residents are drowning they won't pay any state taxes like in liberal New York, so it all evens out. Anyway, they'll collect that FEMA money for their flooded vacation homes while complaining about socialism. Good tim…
I agree 1929 will not come again. True of all history. But as long as the potential for nukes, climate change, ideological fanatics, the computer hack to end all hacks like "Mr. Robot," nationalist/fascist resurgence, war with China, a far worse pan…
I'm not sure growth has more "greed" in it than value. The value sleeve of most indexes is full of oil stocks, banks and brick and mortar retailers while the growth is full of tech and healthcare. All of those sectors' executives have been equally g…
It's funny how most studies on market performance ignore the Great Depression as if it never happened, yet the first article does reference it:
The author does mention that this price performance ignores dividends so the recovery rate would've been…
In my opinion, the real risk to KGIRX isn't its emerging markets exposure, but its exposure to gold/precious metals and energy stocks, which depending on how you look at it account for 40% to 50% of its portfolio. The manager has always been a big f…
@FD1000 There is a good reason LewisBraham wouldn't post the bad stuff about countries like Saudi Arabia (a "friend" of the USA and where the guys who did 9/11 came from) because if he ever wants to visit/work in these Muslim countries there maybe c…
One can see this massive dispersion occurring between growth and value applies to emerging markets just as much as in the U.S. if you compare the stats for PRIJX versus ARTYX:
https://morningstar.com/funds/xnas/prijx/portfolio
https://morningstar.…
From a deep value perspective, emerging markets are hard to beat, but one has to be willing to stomach volatility and believe value will come back. Four in the deep value camp I've watched are PRIJX, PXH, FNDE and DVYE. Yet if one wants more quality…
ARTGX is a global fund with significant U.S. exposure while ARTKX and TBGVX, despite its global name, are primarily international funds with minimal U.S. exposure. That largely accounts for performance differences versus ARTGX as the U.S. has trounc…
If I had to choose one fund, it would probably be an allocation fund with the flexibility to go anywhere, although I agree with you that it is rather a ridiculous question to choose only one.
If you want pure value exposure overseas, VTRIX ARTKX or QUSOX might be good choices. IVFAX seems to have value exposure and decent downside protection as does PRCNX.
@FD1000 Your response is hilariously hypocritical. You accuse me of "playing the race card" and making generalizations and then talk of "Muslim regimes" being aggressive, killing each other and hating Christians and Jews as if all Muslims are a mono…
An important part of your decision may be figuring out whether you’re sick of this fund in particular or value investing in general. Lots of people are sick of value investing in general because it’s lagged for so long and they have legitimate quest…
I haven't seen evidence that concentration works very well at Oakmark either with Oakmark Select's spotty record during sell-offs and its legacy of holding a double digit position in Washington Mutual in the 2008 financial crisis. Where I think this…
Props to Miller: He got the call right. But I think the problem with his funds isn’t his financial acumen, which I believe he has, but a structural one. One great John Bogle saying is “Strategy follows structure.” The design of an investment produc…
