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.
Regarding my forray into crypto in recent years:
- I'm glad my 'traditional' investing horse-sense/experience kept me safe and skeptical, meaning I did the necessary due diligence on investments, (counterparty) risks, & exchanges.
- I'm glad I…
I just noticed Giroux still owns GE. As of 10/31/22 GE is 2.35% of assets.
yes, he said he's holding it with the upcoming break-up in mind. three separate outfits. (wealthtrack.)
I don't blame him. GE remains on my watchlist b/c I am interested …
WSJ just now:
"Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX C…
Former billionaire (just a couple of days ago) SBF is reportedly bankrupt
Ha, and I thought my portfolio was down.
Whatever we think of Crypto now, and I agree it seems to be like playing Russian roulette in the wild west, some form of this techn…
I always thought SBF was playing games when it surfaced that he likely was using his Alamedia Research to 'fund' FTX;s needs. Sooner or later, the bill comes due and the music stops playing. Not looked too deeply into it yet, but it sounds like he…
Scratched an itch today, it was too hard to just watch it and do nothing. I added to two preferred shares I've held for a long time CHSCL ( 7.50%) and CHSCO ( 7.875%).
Excellent holdings. I'm sorry I pulled out of them years ago, but one of them (…
To quote Sir Humphrey Applby: "...to lose one cabinet minister may be considered misfortune, to lose both looks like carelessness."
Cue the Benny Hill theme.
If this is opt-in, okay....I won't. But if this is some kind of 'special discount' you get by sharing your data with an insurer and/or are "induced" into doing it, I will toss my Apple Watch aside faster than you can say "privacy geek."
This could…
I wondered how soon after AMG bought them that they'd start rolling out new stuff or tweaking existing products.
PRILX (which I used to love, but got out of last year) has been more growthy in recent years, so is this really necessary? Unless it's…
IMO trying to parse inter-meeting FedBabble is akin to debating whether the weatherperson is saying the outside temperature is 57 or 59 degrees with greater accuracy. You're better off going outside for yourself and see if it's comfortable enough w…
I disagree that only those who didn’t need money got low rate loans:
https://spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/high-yield-bond-and-leveraged-loan-sales-top-1-trillion-in-2021-67670013
For investors as opposed to …
Unlike 2008 and the GFC, I don't have that 'existential sense of dread' that the system was in real danger of coming apart at the seams and that the very fabric of the world economic system was failing. This seems, I think, to be a more 'normal' so…
LOL brilliant.
I should launch FADE, an ETF that shorts the long ideas of 'rock-star' investment managers (Woods, Hassentab, etc) and investment bank CIOs (Hazlus of Goldman).
She's done well by being in the right place at the right time when tech stocks shot the moon in recent years. Frankly I think she's reckless with other people's money, trades in/out of things too bleepin' much chasing momentum, and has far too much …
Interesting they don't mention the nearly 12% in Blackstone's "black box" position that's part of RPGAX. I certainly would consider that a PE position.
https://www.troweprice.com/literature/public/country/us/language/en/literature-type/quarterly-fa…
Does anyone use short-term Treasuries as cash substitute vs a cash-like ETF? IE, throw large figures into a T-bill paying 4% and then just sell off what you need from it to fund other asset purchases as needed?
Yup, Schwab has a bunch of stuff to finish the integration with TDA. I'm *still* waiting for ThinkDesktop to be migrated so I don't need to use that for streaming quotes/active charting and then switch into the website to place orders/trade. Hope …
The Fed blackout period doesn't preclude one of the open mouths at the Fed (typically, not a current FOMC voting member) talking to WSJ's Nick Timiraos. As NT wrote book/profiles on some Fed people, I can now see why this strange wink-wink relations…
He has a weekly interview series on Bloomberg Weds at 9PM. I like the discussions but hate that they feel the need to interrupt Asian market coverage mid-week to run an hour of other programming, of which this is one of them.
Is not that the David…
He has a weekly interview series on Bloomberg Weds at 9PM. I like the discussions but hate that they feel the need to interrupt Asian market coverage mid-week to run an hour of other programming, of which this is one of them.
Nobody knows nothin' :)
70%-ish of my holdings are in quality SWAN stuff that I rarely touch, with the remaining cash still being deployed opportunistically to buy/add to stuff on big down days when things are going on-sale. Which btw is a grea…
Need more AUM, stat. End of year bonuses are coming up!!
Wow, when I was in the fund I treated it like a tech fund .... buying the QQQ would've been a better (and cheaper) deal this year!
I agree with respect to "Media outlets on both sides", but it seems to me that PBS tends to play things pretty fairly. I'm guessing that others may not agree regarding PBS.
StayCalm is 100% right. And yes, i think PBS does the best job of the Ameri…
FWIW saying the public photos Bloomie showed of him last night as they reported the story were not the greatest look, perhaps done intentionally --- NK smiling, laughing, and otherwise looking gleeful.
Giroux has been more right more often than not. But of course, we all should monitor how 'our' portfolio managers spend our money and adjust as necessary!
As I said on Armchair, I wish more PMs were as self-aware and willing to bluntly own up to positions that didn't go according to plan as Giroux. It was a brutal and honest admission about GE ... and I respect him even more for saying what he did.
