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.
True that. However, derivatives were not designed to bring the Financial System down. Once the genie is out of the bottle, you can't put it back. You can't tell people a financial product is for investing and not trading.
If I don't have to work, robots will do all the work, and I can eat and go to hospital, I will forgo everything else - TV, Vacation, you name it. No currency, self sufficiency, and the WORK you do is for betterment of society.
Wait, I just woke up …
Sorry, once you have an ETF that is designed to be TRADED all through the day, all bets are off. For all you know Rand and Ron Paul are "investing" in GLD, GDX, GDXJ etfs.
Scott, I guess I'm not clever enough to get the joke. Please 'splain.
Others, If you really know the genre of SciFi, have they tried to envision this new world (aside from stuff like that ho, hum Will Smith movie which didn't focus on it). Or is ma…
I have come to view the markets as a vehicle for licensed gambling, some legal, some illegal, and some that should be illegal. That's why we try find mutual fund managers who know WTF they are doing.
I fully expect any fund manager I own who does …
Why does he not provide performance of GLD ETF itself? Without it, that article could belong to any Stock Group ETF compared to the S&P 500.
News flash. All Sector ETFs are trades when you are buying a basket of stocks. That's the whole point. …
When you are charging 2% of assets and 20% of profits, why is this news? We though hedge funds started out of the kindness of anyone's hearts?
We need to seriously consider what we are spending our time reading. It is of no help helping us invest o…
Okay. I'm going to try start announcing the "FOOLY" Signal on MFO. Sorry Motley Fool, you should have copyrighted that term. Too late.
FOOLY (totally unproprietray) vs TTI from Ulli (Neiman). FOOLY, Ulli. Rhyme. Let the games begin!
Maybe OWLY sou…
This may be a stupid question. Buffett and Munger maybe talk once a year in their annual conference. Ackman - a hedge fund manager. Just go and manage money for your hapless victims, err, I mean investors. WTF do you have to blab in public?
Why do …
BTW. Do you like the Lipper Categories? The more I work with them, the more I like them.
I think all of us are corrupted by what M* uses for so long, it will take a little time to get used to Lipper Categories. One thing I do like given my predile…
I read this article. Please excuse me while I go and throw up. There should be an internet tax levied on authors who put stuff out there. Every time reader hits the URL, he should be fined.
Nothing psychological about it from where I'm standing. He punched me in the nose. I read that, and promptly sold some today. I am not touching my HSTRX today though. I had initially bought equal parts of both and I considered it a single investment…
Bridgeway: http://knowledge.wharton.upenn.edu/article/why-bridgeway-capital-gives-away-half-of-its-profits-to-charity/
Still maintaining its 7:1 salary ratio (top to bottom) for full time employees.
Nice podcast from Knowedge@Wharton.
Wish there w…
Decision Moose over last 20 months or so has gone from high of $1,203,581 to current value of 1,008,249. A total loss of 16.23%.
http://www.decisionmoose.com/Moosistory.html
I just took some HSGFX off the table today, like I also did last year (e…
Hanging on for dear life with ARIVX, ICMAX, PVFIX. Keeping an eye on Bridgeway Small/Micro offerings. Timing is everything. The only reason I own the 3 I listed is they don't have the mandate to be fully invested and have significant cash. Of course…
I would say the same thing for the thousands of non-voilent offence prisoners who are being released (or did they releaes them already?). If they can't find a job, they'll end back in prison.
All I want to know is his net worth when he left to build the shed at 35. The rest of us cannot afford to quit their job and go to live into the mountains at that age. The rest of us just might have to suffer a heart attack working at our desk.
The…
I don't know how Ulli came up with his TTI system. However, there's any number of ways one could develop a long-term market-timing system with moving average(s), curve-fit to a stock index for a given period of years of price data. One could use int…
So BRIC was a fad sold to so many investors only to fall flat and now Goldman is saying it will not work going forward. But it never worked going backward either, except for Goldman who collected fees.
Seriously, what an occupation. What a job. Now…
Okay so is the TTI some "proprietary index" he is following? Or it indeed the 39-week SMA which he manages to calculate every day instead of end of each week.
I did do some reading this morning and his track record seems impressive. I went to portf…
@VF: read the press release... very slooooooow 12+ months transition to start including China smaller cap stocks. i think they learned their lesson with a rapid move from MSCI to FTSE and losing half the AUM in the process.
yeah well, that slooooo …
My 2 cents lose one of the Yackts and move to PRBLX and DSENX. IMO, Yack hasn't lost it.
PS I haven't bought PRBLX yet. I'll tell you when I do. Normally fund tanks right after I buy, which is why I wait for fund to tank first (while it does not wo…
The one thing I would upset me / please me, is knowing if manager reduced / increased his own holdings. When something like this happens, and as an investor I want to be re-assured, the most important words I want to hear in manager communication is…
Does this indicate distributions to shareholders if manager buys sells stock in before index and buys in the after index? Or is it simply for tracking performance?
I keep saying, no one listens. We are not a capitalistic society. We are an objectivist society. And the a-holes have been selling it down our throats as capitalism and robbing us blind, and by branding every attempt at criticizing them as "socialis…
Hah! So WTF is TTI? 39 Week SMA? Apparently TTI is "propreitary", but then if so why doesn't he use it as the cutline? Might as well use 39 Week SMA.
Seems like a simple trend following idea to me. I'm not saying it's bad. I'm just saying use 39 We…
Hey Charles, whatever happened with publishing "Rolling Returns". Not sure if you recall we exchanged notes on this, I don't remember when. Did you every get time to explore it?
Also had a general thought. You know if a fund has lost money for a lo…
Patience is not about running out of it and then finally selling. Patience is about waiting to buy.
When vs What. No one wants to admit it, but THAT is singular factor behind which investors are successful and which are not. Even DCA don't work if …
I've been eyeing FTEMX recommended here on MFO and perhaps Grandeur Peak Micro Cap when it is avaialable hoping it has smattering of EM.
VF, don't hold your breath on Grandeur Peak Micro Cap becoming available. I'd be quite surprised if that happe…
@Jim0445
The reorganization is suppose to occur around 11/16/15 as per this filing, http://www.sec.gov/Archives/edgar/data/889284/000119312515299132/d11216d497.htm
If George Schipp ends up managing these funds I will buy.
