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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@Maurice
I agree. Let's not reinvent history:
npr.org/sections/itsallpolitics/2015/10/23/451200436/mitt-romney-finally-takes-credit-for-obamacare
https://usnews.com/opinion/blogs/robert-schlesinger/2015/10/23/mitt-romney-finally-admits-that-obamaca…
The thing is, the original ACA was a massive compromise. In fact, originally it was a Republican idea:
https://csmonitor.com/Business/Robert-Reich/2013/1028/The-irony-of-Republican-disapproval-of-Obamacare
@Ted
Acknowledging the world is imperfect doesn't mean we shouldn't strive to make it better and alleviate as much unnecessary suffering as possible. Asking does this help people or hurt people should be foremost in every lawmakers' mind or at leas…
@Ted
The point is the officials elected to bring back your "fabulous fifties" will be kicking the elderly out of nursing homes if their proposed Medicaid cuts pass. That long-term care insurance won't help much with this problem is an ancillary elab…
@catch22
The problem is long-term care insurance is too expensive for most Americans to afford and the newer policies cover far less than they did in the past. It's quite possible to have long-term care insurance today and still not have enough to p…
Brown's analysis ignores the role human capital or job security play into one's portfolio. A young person who has no job security and little saved should actually be more conservative investment-wise than someone older to maintain for instance an em…
@Sven
I simply don't see how an actor have anything to do with financial advising. And what do women in bikinis have to do with eating burgers at Carl's Jr. or drinking Budweiser?
Snowflake Baby Coal CEO Sues John Oliver for Hurting his Fweeelings:
https://washingtonpost.com/news/morning-mix/wp/2017/06/22/john-oliver-a-giant-squirrel-and-a-defamation-lawsuit-by-a-coal-industry-titan/?utm_term=.2db46a1f634f
https://usatoday.…
“I would love to find a partner who wants to live with me here, or a couple of ladies who want to come and visit a couple of times a year."
An unintentionally funny remark. What exactly would he expect from these different ladies coming to visit him…
@Dave @Junkster I have no problem with the interval structure as I think it is the most appropriate one for illiquid assets that can be hard to trade. There is an "illiquidity premium" for such assets and they tend to produce better returns long ter…
@Mitchelg That's right because the legal viability of a proposed acquisition should be based on whether it's good for the president's image as opposed to whether or not it benefits or hurts consumers, employees, the environment, etc.
I assume some MFO posters are old enough to remember this cover of Time Magazine:
When did we stop admiring real heroes and start admiring guys like Paul Singer who "doesn't give a ______ what you think?"
This is good news if their recalibration works, and I'll stand corrected during the next correction if it is. However, there is a hole in the narrative. During the 2000-2002 bear market, Oberweis Small Cap Opportunities (OBSOX) dramatically underper…
The one on the left was probably told by the primate in chief she was "too bossy" and that she should stop complaining and take personal responsibility for her lack of equality and just go home and make babies already.
OBIOX reminds me of that old poem about a little girl by Longfellow:
When she was good
She was very, very good,
And when she was bad she was horrid.
Down 60.5% in 2008.
@Ted And when will you ever admit that you are wrong about anything? Your statement that all 2 million people receive $190k a year was wrong and now that that is evident instead of admitting you were wrong, you go on the attack. That tactic of alter…
@MFO Much like the U.S, there is a bit of a distribution problem with that wealth:
bbc.com/news/world-middle-east-40163636
Qatar has record riches - for some
How does such a small country pay for all this? Well, thanks to its oil and gas reserves,…
@Ted I would say, "OK, Archie," except that even Bunker had a heart. Qatar matters. People who live outside of the U.S. matter: https://washingtonpost.com/news/worldviews/wp/2017/06/05/qatar-could-face-a-food-crisis-in-spat-with-arab-neighbors/?utm_…
I suppose Cheers, MASH, All in the Family, etc. have a "lasting impact on the investing in mutual funds."
mutualfundobserver.com/discuss/discussion/33465/the-50-best-tv-theme-songs-of-all-time
What does this have to do with market fundamentals? Saying the S&P 500 hasn't had a down year after such a start is like saying it rained yesterday and the day before therefore it must rain today without looking at current weather conditions. It…
https://en.wikipedia.org/wiki/Master_chief_petty_officer
Another government employee, beneficiary of socialism and our tax dollars, complaining about socialism, the government and paying too much taxes. It's like the cop who complains about the poli…
Here's another regret they might have--not having lived while they're young. The idea that all meals out with friends and family--moments you may treasure for the rest of your life--are "mindless" or that buying coffee to say study for a test or jus…
@Maurice Now to boot, years later there are very few greyhounds to adopt.
Think about if you applied this logic to human beings. There are less abused and abandoned children in the world because activists shut down an organization that was doing tha…
"The tempest in the teapot with the president, the supposed leak, whatever you want to call it."
Wow, seriously, Art? Since when are leaking state secrets to the Russians and obstruction of justice a "tempest in a teapot." This is something no matte…
What about the biases embedded in the market itself? This idea that an index fund is some objective device controlled by divine providence and immune to politics is frankly absurd. It represents the collective biases of every investor. Sometimes tha…
@DavidSnowball Thanks, David. That's an interesting point about technology. I wonder how much technology can replace the work that human analysts used to do in the past. I may want to talk with them further.
Best,
Lewis
My question for Abhay would be about the depth and experience of his analyst and trading team versus IVA and First Eagle. When the folks left First Eagle to found IVA I got the sense they left as a group and now years hence have a pretty decent size…
The only question that matters is will they beat the market over the next 15? How do you answer that? You have to ask are the conditions the same or at least similar to the ones that allowed the funds to beat the market the first time? Some of those…
I bet it was a cocktail napkin Laffer used:
https://nytimes.com/2017/04/25/us/politics/white-house-economic-policy-arthur-laffer.html?ribbon-ad-idx=6&src=trending&module=Ribbon&version=context®ion=Header&action=click&conte…
