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.
Strange this. Royce trying to gather assets in Large Cap and Mid Cap. Got traction with Large Cap, but not with Mid Cap. Tells you I don't think they believe in their ability to invest in Mid Caps. Pure asset grab. The world needs yet another Royce …
Reply to @Charles: Yes. Active manager has to have conviction. That conviction is more believable when he has skin in the game. Unshackling manager from "large cap" vs "small cap" or "domestic" vs "international" leaves little room for manager to ma…
Reply to @catch22: I quote
"MY" funds I buy on weakness and hold on for dear life. FWIW its worth here are some funds I buy when my $0.99 crystal balls tells me to.
MY => funds I own in taxable acocunt. Still no Whisky for you :D
Could it be sampling error? People pulling from actively managed mutual funds and putting in ETF or index funds. And maybe they are pulling and DCAing back into alternatives, so net net it is showing outflows.
Or maybe a lot of people are smart and…
Morningstar I view as a very good source of information. Information, not opinion. Past performance may not be a predictor of future performance. However it is necessary to look at past performance. I mean after all, none of us invested in "Apex Mid…
IMHO, opinions from investment banks should not be publicized. That only benefits them as everyone who believes them makes it possible for them to front run the crowed.
I'll read what GMO or FPA think. Goldman Sachs and Morgan Stanley produce ANALy…
I would guess so. Frankly, if you want to accept advice from Vanguard, best you do it for their OWN funds. They do offer an NTF brokerage, but I doubt they are doing it for any other reason other than a convenience to their clients.
Sorry to say, the only reason I invested with Hussman was he was actually telling one each and every week what he was doing and why he was doing it. If he's wrong, he's wrong. Time will tell. I never knew he marketed it as "widows and orphans" fund…
Reply to @scott: Hedging requires shorting, doesn't mean it's long/short. If we keep definitions simple instead of getting lawyers involved we will all have a better time.
Long/Short implies manager buys companies whose stocks she expects to do wel…
Reply to @Investor: So did Hussman with his. Whoever said fund managers were not businessmen. My wife has a different impression of me than my boss. I will leave you to wonder what is more flattering.
Prospectus for FVALX and HSGFX says it is a lon…
Reply to @scott: I, Cynic. The fund had enough assets. Good record. Why sell fund? Why to load family? Besides I have allergy to paying load.
I have TFSMX and TFSHX and AQRNX. Think I'm covered. Then again maybe I buy $100 in my IRA to keep a foot …
Reply to @fundalarm: I speak nothing but the truth :-P
Meaning absolutely no disrespect to the mentally handicapped, classifying FVALX as Long/Short is retarded. Charging people for such wisdom is robbery.
Why does Einhorn come and tell everyone CMG is going to tank, if he didn't intend to sell his position after it tanked. Nothing anyone can tell me will make me believe he didn't.
The smart investor doesn't tell anyone CMG is going to have impending…
Yup. Volatility is not risk. Permanent loss of capital is list. Case in point (while I hope not) - HSGFX. It keeps bleeding with low volatility.
However, I'm wondering if we are making things too complicated.
Long/Short = Bet on stocks that expect…
I'm not sure what good news Royce is hearing from companies. Lately all companies seem to be reporting earnings below estimates. I guess we don't know what time of the year Royce was interviewed.
I think we are just slaves to what's reported in the…
I'm not sure what good news Royce is hearing from companies. Lately all companies seem to be reporting earnings below estimates. I guess we don't know what time of the year Royce was interviewed.
I think we are just slaves to what's reported in the…
Reply to @Old_Joe: Well, I am the Vintage Freak after all :-) Maybe FDR should have confiscated ALL gold instead of only that which had been bought till after a few years before? Maybe same kind of thinking would prevent "commodity hoarding" where p…
What I can never understand is so many rich guys are in office who don't really need to work for a living. So if they take the trouble to get elected, WTF don't they do anything to change the system? Why does nothing ever change? Just because I didn…
I'm not sure how the government wins this one. Seems like a lot of grandstanding. Unless of course we don't really believe the story Government "made" JPM takeover Bear Stearns and paid it to do so. The other side of the story is JPM was itself in d…
Err....A lot of diversified funds would have a high corelation to S&P 500 index. Would you pay ER of 1.35% for them? Sorry, but did not understand your logic :-O
Okay I agree site wide poll is hard, but no fair editing my post and replacing content with :-P tags. Seriously, after all the work you folks have done surely parsing out :-) and :-P and ;-) can't be too much. Right ?!?!?!
Wait a sec! You did! Yaho…
Reply to @Accipiter: Just proves the one drawback of democracy. 3, I mean 4 people are right but 997 have their way. Now imagine if you could see my tongue sticking out in this post :-P.
Reply to @Accipiter: Thanks for answering. A lot of times people don't realize someone is joking. We just need a few, smiley, grin, sad. Don't need to have "kiss", angry or anything like that.
Reply to @Shostakovich: Isn't that a pattern? Morningstar will ride Royce into the dust. Just wait till Royce leaves. They will probably rename company to something like Uranus funds. That'll be the sign.
Magicians never tell :-)
You can say the same as Bridgeway. As long as it "works", no one cares. I think at this time I'm probably the only Bridgeway owner on MFO.
In any event WBMAX is a LOAD fund. We really shouldn't spend too much time discussi…
One more question. Is it possible to initiate a site wide poll instead off on particular discussion. It might be useful to "mine" answers, e.g. Which is the most widely owned fund at MFO. Kind off results in an MFO recommendation / endorsement for a…
So basically...
When you buy more important than what you buy.
Luck is a big factor.
One should worry about worse case scenario not dream of best case scenario
Buy Camry not Lexus
Err on the wrong side and plan to die with money in the bank instead…
Reply to @claimui: Unless I'm mistaken, this fund is not supposed to be an "alternative" or supposed to fit in a portfolio. This fund is supposed to be a complete portfolio.
Of course, in reality there is no such thing. I mean no one is going to i…
This is very interesting. However it is more like a Private Equity fund I would think. There's is all private money. Do they publish what portion of profit/loss every quarter stems from this Braeburn thingy?
I recall how Intel and Microsoft in the …
Let's be honest. There needs to be a category called "Manager does WTF he likes". And there would be good reasons to invest in such a fund. PGMDX and PAUDX are such kind of funds.
I think there is a BOT that automatically blocks my posts.
AQR funds are available for $100 at Scottrade in ANY kind of account. Why isn't anyone listening?
Harruummpphhhhh.
