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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@Benwp, Thanks for the compliment but I wouldn't attribute the notice necessarily to me. In any case, all that matters is that the word gets out about these important issues.
@davidrmoran. Good articles. There is also something remarkably totalita…
There's also this: https://twitter.com/search?q=are%20high%20yield%20bonds%20the%20canary%20in%20the%20coal%20mine%3F&src=typd
and this: https://seekingalpha.com/article/4122879-junk-bond-bubble-bursting-eyes
There is I believe some evidence j…
Here's the link to the Department of Energy Vanity Fair article: https://vanityfair.com/news/2017/07/department-of-energy-risks-michael-lewis
It's perhaps even more shocking than the USDA one because it deals with nukes and national security.
WSJ: You’ve famously called profit margins the most mean-reverting data set in finance. What’s keeping them high now?
MR. GRANTHAM:Some outsized margins are structural—the brand power of large corporations. I think what is [also] going on is new-f…
@Maurice. Never said from each according to his abilities. Aside from that, the depths of your ignorance as to what Russia was and became--a totalitarian state--and what Marxism is or for instance what the difference is between a menshevik and bolsh…
@OldJoe and Davidr
There's an interesting question here as to whether privacy really exists anymore. I know DuckDuckgo well, but I've heard arguments that chances are much of your private life is already out there anyway. Some time ago I went to a …
Hi David,
No worries. I always enjoy your work. I'm not really sure about the paywall, though. I should keep better track of these things, but when it comes to those sort of details I'm often out of the loop. What I've seen is sometimes a Google li…
With regard to Fuller, I would say looking at the Undiscovered Managers Behavioral Value Fund, which the shop also runs, is worth doing: morningstar.com/funds/xnas/ubvax/quote.html
That fund admittedly has more of a value tilt than this one. One dis…
@davidrmoran
I see your depression and raise you one:
https://propublica.org/article/white-supremacists-share-bomb-making-materials-in-online-chats?utm_source=pardot&utm_medium=email&utm_campaign=dailynewsletter
Bad headline.
mull1 məl/ verb
verb: mull; 3rd person present: mulls; past tense: mulled; past participle: mulled; gerund or present participle: mulling
think about (a fact, proposal, or request) deeply and at length.
There was no mulling about …
@Ted I agree recent performance has been lackluster, but this is precisely the kind of problem value investors face in a strong bull market, especially value managers like Einhorn who can go both long and short or bet against stocks. It is also rema…
@Ted How old are you and do you forget how value managers who were subsequently proven right like Yacktman, Eveillard, Grantham, and Sanborn performed in 1999? Look at Einhorn's long term record and you'll see he's no dummy.
Combining multiple factors such as value and momentum together in an ETF isn't new.
wealthmanagement.com/etfs/what-s-inside-your-multifactor-etf
I also dislike these backtested results especially for momentum indexes as that strategy can have high…
@bee
You say "Obama seemed to lacked the leadership to guide the House and Senate to consensus and broker a deal" when what he was facing was a party that had no interest in ever brokering any deals:
@Bee Except that Obama's total executive orders during his two term presidency were less than George W Bush's, less than Bill Clinton's, less than Ronald Reagan's and most other modern two term presidents: presidency.ucsb.edu/data/orders.php
This id…
@davidrmoran So depressing. Private for-profit insurers have an inherent conflict of interest. They want to collect as many premiums from healthy people as possible while denying as many sick people coverage as possible. That is a sure way to maximi…
What troubles me is this:
According to internal and S.E.C. documents, TIAA advisers receive more money if they put clients into what the company calls complexity products — in-house offerings like annuities and life insurance as well as costlier pri…
How did a discussion of NAFTA turn into this?
Regarding NAFTA, I would say there seems to be a lot more fear and saber-rattling from certain politicians about imposing tariffs on imports than imposing taxes on technological increases in productivit…
I know free ETF/stock trades sounds great at Robinhood, but I'm curious how many investors here value things like security and stability of their financial institutions. What I mean is sometimes when I look at these small upstart brokers, I wonder h…
And if Zimbabwe hadn't been colonized by guys like Faber and Cecil Rhodes, Africa would be a much happier place today. Yes, Mr. Faber you are a racist.
Both excellent articles. Getting rid of the estate tax always seemed extraordinarily stupid to me and antithetical to everything Democrats and Republicans ostensibly believe in. The American myth of the self-made individual who pulls himself up by h…
@MSF I see your point, but it's $6.95 to sell an ETF outside the NTF platform, not $50, as shares are treated as stocks for commission purposes. Instead of selling, probably the best strategy would be to find a reasonable substitute in the new list …
@MSF I would say a 0.03% expense ratio is a pretty good deal on the SPDR Portfolio Total Stock Market ETF (SPTM) and an 0.11% one on the emerging markets fund--SPDR Portfolio Emerging Markets ETF (SPEM)--is the lowest fee currently available I belie…
@Maurice Profits on stocks sold on the secondary market are a form of redistribution to shareholders for work they did not do. The investors who buy their shares of a company on the secondary market in no way helped build the company or produce the …
@Maurice Post from real sources, not real fake news, and we'll talk. Also, Daly is actually a nationalist and an anti-globalist--something I don't particularly agree with, but his thoughts are interesting. Evidently, you haven't watched the video.
I would say there is actually more on the TD platform:
etf.com/sections/features-and-news/state-street-debuts-low-cost-etfs?nopaging=1
And less:
https://google.com/search?source=hp&q=TD+Ameritrade+Drops+Vanguard+From+Revamped+Commission-Free…
@Maurice Daly's suggestion of zero taxes on labor and capital while heavily taxing land and natural resources to restrict climate change is pretty far from Venezuela and Cuba. I guess the question comes down to whether the planet's climate really ca…
While I'm fond of this poem, I recognize the romantic impossibility of separating oneself from the material getting and spending world. I'm no Luddite who sees technology/modern life as the enemy. Rather I see tech as a blunt instrument that can be …
