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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@Flack And what, prey tell, is your solution?
Why draining the swamp of course:
independent.co.uk/news/world/americas/us-politics/norwegians-tell-trump-we-dont-want-to-come-to-your-shole-country-a8156666.html
Could be forced selling of the stock from fund shareholder redemptions now that Fairholme only has $1.8 billion left. The question is has the stock's weighting in the fund shrunk as a percentage of assets under management, not how many shares the f…
The safest way to play is for a troll to attack people anonymously without using his real name. That way it's impossible to tell whether he's a real person or a bot or sock puppet for Mr. Putin or some other already existing member of this board ass…
This pretty much captures the prevailing philosophy since the beginning:
blogs.reuters.com/great-debate/2013/12/24/punitive-politics-blame-the-puritans/
Philosopher Max Weber's book on the Protestant work ethic explains much of this behavior I think. There is a Puritanical punitive strain regarding work that runs through America's ethos from its founding that functions well economically--only econom…
Gundlach has been making this bullish commodity call for a while, yet he and every Doubleline trustee had $0 invested in the Doubleline Strategic Commodity Fund according to the most recent SEC filing with holdings info as of March 31, 2017. See pag…
See expected returns for different stock markets and asset classes throughout the world based on valuations for a more forward looking approach:
https://interactive.researchaffiliates.com/asset-allocation#!/?currency=USD&model=ER&scale=LINEA…
The other problem is this. VWINX is an excellent fund because of low fees and good management. These facts will likely continue into the future. But to project its past performance into the future is a mistake. Consider the author of the aforementio…
If you think of high valuation as a risk factor, there is ample reason to invest outside of the U.S. today. As well as Fidelity Puritan has done recently, it lost 29% in 2008. I would think if low, stable income is the goal, equity aggressive in gen…
If you want stability, income and some consistency, I would examine how funds performed in 2008 and other volatile years. For a pure fund portfolio I would recommend a combination of the following funds:
GTEYX
ZEOIX
VWAHX
SGHIX or RPGAX
Maybe 20% or…
I know it's an unusual solution, but what about buying a duplex with a portion of the money? Your disabled friend lives in one part of the home and a tenant lives in the other, providing a steady stream of income to help pay the mortgage off. There …
@Ted And what have we gotten since then? You think service is better now? Leg room, food, delays? Underpaid, dangerously overworked, inexperienced pilots?
Another reason John Bogle mentioned recently is the raging bull market we've had since 2009. Even though most active funds are hemorrhaging investors via outfliws it doesn't show much on their bottom lines as they still haves gains from the rising m…
Indeed, he is hardly unique in history. In fact, he's hardly unique even today: https://thedailybeast.com/italys-trump-makes-a-stunning-comeback-americans-beware-the-berlusconi-factor
Register people to vote in swing districts, make sure they have the right ID and help them get to the polls. Half the problem is getting people to vote. The other problem is gerrymandering and the fact we don't actually live in a pure democracy. Peo…
@davidr For the most part I agree. After the election I saw similar articles comparing him to Berlusconi who was also teflon when it came to scandals. What concerns me is this:
nybooks.com/articles/2017/12/21/karl-polanyi-man-from-red-vienna/
I al…
@davidrmoran
I agree, but the Bloomberg author assumes this isn't already happening:
https://nytimes.com/2017/12/04/us/politics/women-candidates-office.html
It just needs to keep going forward.
I actually think it might be worth waiting a bit to see how the remaining team does. There really isn't another global real estate fund quite like this one.
As far as the middle class is concerned, the tax bill is the equivalent of the teaser rates one gets from cable companies such as Verizon or Comcast for the first twelve months. And it's no accident that those lower rates are during an election year…
Churchill also said: "Democracy is the worst form of government except for all those other forms that have been tried from time to time."
Democracies function best with an educated public. You could argue the forces seeking to erode our democracy wa…
ideas.time.com/2012/09/18/the-rich-havent-always-hated-taxes/
Supreme Court Justice (and Boston Brahmin) Oliver Wendell Holmes was known to “enjoy” his taxes. According to Felix Frankfurter’s book Mr. Justice Holmes and the Supreme Court, Justice H…
@MSF
Basing a performance fee on a twelve month performance is akin to companies jiggering quarterly performance to keep the market happy. A year is too short a period of time to allow a manager's strategy to play out. Instead, it encourages window …
Bitcoin should be renamed Crime-coin because that's its primary purpose. The currency of choice for tax evasion, money laundering, drug dealing, sponsoring terrorism, child pornography and sex slavery. The fact that Wall Street is now getting behin…
If valuation is the primary concern, PEIFX has the lowest average price-book ratio and price-earnings ratio of emerging market funds currently, according to Morningstar. I can't vouch for quality. Low valuation and quality don't always go hand in ha…
It's horrible. The only good news is that it is polling very badly last time I checked as people are onto the shenanigans. That could hurt them in 2018.
The real estate industry is full of bad actors who have a habit of finagling handouts from the government. Here's one of many horror stories, albeit in Mexico with Sam Zell:
latimes.com/projects/la-me-mexico-housing-chapter-2/
I suppose Zell's REIT …
There should be a Grapes of Wrath ETF. It could own farmland, distressed debt, securities of high brow publishers--same as distressed debt--and short the market.
“Every time you want to buy a stock, you have to buy from a person who is just as well informed, just as well educated and has just as much computer power,” he points out. “To win, all you have to do is beat a competitor who has everything you have.…
Almost everybody on Wall Street mocks forecasts, yet almost everybody makes them:
wsj.com/video/barry-ritholtz-outlook-for-2012/D57E6C7E-67C9-43A6-8C28-CEE5CCDAD340.html
