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.
Just saw a story about this on the PBS News Hour.
Journalist Jeffrey Goldberg was inadvertently added to a group chat via Signal.
Mr. Goldberg received operational military information regarding the Yemen attack
two hours prior to the attack. Releas…
The Week in Charts (03/24/25)
The ultimate guide to home price appreciation, include:
00:00 Intro
00:13 Home Equity as a % of Household Net Worth
00:50 Historical Data and Booms/Busts
08:24 The Affordability Crisis
10:59 Recency Bias = High Expect…
I took a quick peek at BIEAX.
There have been three years since 2015 where the fund's corresponding category and index had losses.
BIEAX outperformed both on all three occasions.
However, the fund did suffer a 2.05% loss in 2020 while the calendar/i…
The moment of truth will be when the Supreme Court issues rulings against the Trump administration.
Will the administration brazenly disregard these rulings?
I truly hope this does not happen.
We will have a real constitutional crisis and all hell …
Artisan is usually conscientious regarding mutual fund capacity management.
ARTKX closed to most new investors in 2007, reopened in 2009, and then closed again in 2011.
The fund briefly reopened in March 2020 but was subsequently soft-closed in June…
I quickly scanned the list of 2025 Lipper Fund Awards.
The "best" funds (10 years) in the International Large-Cap Core, International Large-Cap Growth,
and International Large-Cap Value stood out as being very good funds I was somewhat familiar with…
@sma3,
The following information may be helpful.
Lipper Ratings for Consistent Return
Introduction
The Consistent Return measure is a richer risk-adjusted
performance measure than others currently available in the
marketplace. It takes into acc…
"The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years."
Methodology PDF
"I am not sure if multi-subadvisor approach leads to any significant outperformance over benchmark.
There could be exceptions, but in general that is a questionable approach for active funds."
Some actively managed Vanguard funds have too many inve…
"The Alien Enemies Act has been invoked three times, each time during a major conflict: the War of 1812, World War I, and World War II. In World Wars I and II, the law was a key authority behind detentions, expulsions, and restrictions targeting Ger…
From Heather Cox Richardson's Letters from an American:
"On the Fox News Channel’s The Five yesterday, the panel of Fox personalities expressed outrage
that federal judge James Boasberg had ordered the Trump administration to stop its deportation
o…
Ballie Gifford is a well-regarded investment firm.
They have co-managed Vanguard International Growth (VWILX) for many years along with Schroder Investment Management.
VWILX has generated good long-term returns (with considerable volatility).
Maybe …
But exactly how do the courts punish the king if he simply ignores them?
He believes his status to be "above the law".
What Courts Can Do If the Trump Administration Defies Court Orders
https://www.brennancenter.org/our-work/research-reports/what…
The Trump administration is already thumbing its nose at some court rulings against it.
Without due process, the administration accused hundreds (thousands?) of individuals as being gang members.
US District Judge James Boasberg ordered halting all …
I didn't notice that @hank previously created a thread for this.
https://www.mutualfundobserver.com/discuss/discussion/63544/bofa-survey-shows-biggest-ever-drop-in-us-stock-allocations
The Week in Charts (03/14/25)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:35 Topics
01:56 There Will Be Blood
13:25 Don't Rule Out a Comeback
19:08 Fear Is Good
26:13 Why You Diversify
35:50 Easing Infl…
Fourteenth Amendment
Section 1
"All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shal…
Targeted tariffs implemented strategically might be beneficial.
Trump's on-again, off-again tariffs applied capriciously to friends and foes alike are absurd.
He is not capable of implementing tariffs responsibly.
Congress should repeal the Interna…
Tesla EVs were appealing to many left-leaning, environmentally-conscious consumers.
Musk alienated much of Tesla's customer base since he went all in on right-wing politics.
His capricious DOGE actions surely have not helped in this regard.
Prices f…
Wall Street Fears Trump Will Wreck the Soft Landing
https://www.wsj.com/economy/trump-team-recession-hard-landing-c8f23d5d?st=GM8Dkw&reflink=desktopwebshare_permalink
From Heather Cox Richardson's Letters from an American:
"Trump is 'steering the country toward a downturn with his tariffs and cuts to spending and the federal workforce—for no logical reason,' Washington Post economic reporter Heather Long wrote o…
"If the OP was not prepared for disagreement with Zweig's anodyne advice
then the thread should have been placed here to begin with."
I don't have an issue with anyone who disagrees with Zweig's advice.
Everyone can invest as they see fit (hopefull…
Costco eggs yesterday: $14+ per dozen.
I knew egg prices were high but this is crazy!
I wasn't aware eggs became this expensive since I usually have cereal for breakfast.
The thread was created to potentially prevent some folks
from making rash investing decisions influenced by politics.
Remember when Barrack Obama was elected and some of his detractors dumped their stock positions?
Subsequent returns were much lower…
Here's a link for those who do not have a WSJ subscription.
https://www.msn.com/en-us/money/top-stocks/the-mounting-case-against-u-s-stocks/ar-AA1ADpKO
"Electing an ignorant, narcissist president and spineless supplicants to control Congress has real consequences. Tragically, the ones most affected will be the most vulnerable Americans."
Yep, I agree with the author's conclusion.
I assumed West Loop was a reference to Chicago before
finding the sub-advisor's office address in the prospectus.
West Loop in this instance references a segment of I-610
which loops around Houston's inner core.
https://en.wikipedia.org/wiki/Inters…
Cliff Asness discusses the lack of mark-to-market valuations and its implications.
https://www.institutionalinvestor.com/article/2bstqfcskz9o72ospzlds/opinion/why-does-private-equity-get-to-play-make-believe-with-prices
How many people will needlessly die due to the actions of this megalomaniac?
Trump's supporters are wont to rebuke critique by stating elections have consequences.
Yes, this statement is indeed true!
Chickens will come home to roost for much of the …
