Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
... But Nixon actually threw out the Breton Woods Agreement by taking the dollar off the gold standard.
TY. I edit by adding "ended"
My point is we will continue to judge these presidential initiatives, both past and present, into the future.
My first thought: congress members will have to look elsewhere to find insider trades.
Every level of government can be accused of picking winners and losers with other people's money.
History continues to judge the value of presidential initiativ…
Aug 30th Episode:
Financial planning thought leader Jamie Hopkins discusses why digital asset management is one of the biggest overlooked risks in retirement and estate preparation, and the steps we can take to fix it.
Interesting study on how investors who forgot they had an account performed:
O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..."
Ritholtz: "They were dead."
O'Shaughnessy: "...N…
Here's a dated (2018) M* write up of a USD hedged international value fund, FMIJX, that takes a different path.
Anyone own it these days?
compelling-just-reopened-international-stock-fund
We experienced premium increases of 150% here in FL.
Add the fact that our yearly insurance premiums are often billed in full (full payment due day one of the coverage period).
Often Insurer's collect interest as a finance option to pay premiums m…
Thanks @equalizer...keeping Marks going...
His memo back in 1990:
howard-marks-memo-1990-route-performance-review/
The Root to Performance (Audio review of the memo):
@Observant1 said, Costco sells Folgers Classic Roast Ground Coffee (43.5 oz.) for $19.49.
Also check out 3lbs Kirkland Signature... delicious coffee... price has probably doubled in the last year
Kirkland Signature
Barrons Round table Discussion which included Giroux...is this available without subscription?
https://barrons.com/articles/stock-market-investments-to-buy-roundtable-120144d1
It would be educational to understand price mark up since the tariffs are assessed on the landed price, not the retail price that we all pay.
In @Old_Joe 's stool example:
What did Amazon pay (plus the tariff) for the stool landed?
Many products…
Aug 22 Episode:
Legendary value firm Tweedy, Browne recently launched a new ETF focused on undervalued companies with buying by corporate insiders. Managing Director John Spears explains why insider buying can be a strong indicator of future excess …
Gerrymandering Prisoners:
In NAACP v. Merrill, plaintiffs challenged prison gerrymandering in Connecticut as a violation of one person, one vote. In Connecticut (and other states), prisoners are counted as residents of the districts where their pris…
Peter Lynch's take on where to invest:
Lynch also revealed his approach of identifying excellent companies in struggling sectors. “I'm always on the lookout for great companies in lousy industries.A great industry that's growing too fast, such as co…
Tom Russo explains PM in his portfolio this way:
Philip Morris International (PM) as one of the most remarkable examples in the author's portfolio of a company with the capacity to reinvest and transform itself. Over the past 14 years, PM has invest…
@hank,
Do you consider PRPFX a permanent hank portfolio hedge?
For example, it's LT Bonds holdings should appreciate if ST rates are cuts.
It is ranked #1 in its category YTD, 1 YR, 3 YR, & 5 YR. Impressive.
When it comes to FoF I would consider looking at TDF, Target Date Funds.
Year ago I was impressed with FoF Vanguard Star Fund, VGSTX, (0.3 ER). FWIW, It is making changes to it's underlying FoF make up:
Changes to Vanguard Star’s holdings and sub-…
@rforno said,
That's precisely why I am NOT in my state pension plan! My entire 403b is in a vanilla quality equity-only American Fund.
If you are a public school teacher I believe you are contributing to your state pension through monthly (payroll …
Glad my 403b is not under the influence of such people sitting on our state investment committee!
You might want to look under the hood of your State Pension Plan...here's CT Teacher's Pension Plan...both Private Investment and Private Credit are pa…
Rob Berger's website has a number of links to Financial tools including a Fidelity link (@WABAC):
https://fidelity.com/why-fidelity/insights-tools
https://robberger.com/category/tools/
July 25th Episode
@hank, that $41.32 share price is just about the price for a case of Heineken beer. Maybe this is how I should fund my beer account ... with shares of HEINY!
Part 2:
July 18 Episode:
Global value investor Tom Russo assesses the many macro challenges facing multinational businesses and how his premier brand name companies are responding.
July 12 Episode:
Financial historian James Grant says gold’s impressive rally is flashing a warning signal about the value of U.S. Treasury bonds and the dollar. Why investors should take note.
https://wealthtrack.com/golds-message/
This is what I came up with for AA.
https://app.screencast.com/focrQYzX5b271
There is a category called "ventures" which would be interesting to better understand.
List of Ventures:
https://app.screencast.com/tARS7gSpS6usi
Thanks @rforno,
Very interesting story and great document to review from an allocation standpoint point also from individual security standpoint.
Does this statement report (publish) monthly?
Here's a great video that explains WEP/GPO as well as provides a downloadable Excel spreadsheet that you can use to enter your information.
https://covisum.com/kitces-ssfa
Found this information from Kitces website:
“How Much More Will I Get?”: C…
I appreciate Einhorn's honesty and humbleness as an investor.
He admits that his hedge fund is typically "wrong" 30-35% of the time.
He stresses that a good investor disciplines themselves to admit their mistakes and let go of those bad ideas (i…
@Sven,
Tim Murray from TRP does a nice write up regarding bonds:
are-us-treasuries-still-a-shelter-from-recession/are-us-treasuries-still-a-shelter-from-recession
Interesting read on Treasuries and your portfolio:
The potential for conflict between the Fed’s two main policy goals—supporting employment and controlling inflation—means that U.S. Treasuries have not been as attractive in the recent equity market …
