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.
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Devo
TIPS pricing has improved compared to 1-2 months ago. Nothing quite like Ibonds unfortunately.
We have learnt more from the Wit and Wisdom of Charlie Munger than any other investor. He spoke to the man and woman trying to stay sane in an insane, grab all you can while you can, world. His book, Poor Charlie's Almanack is my all time favorite. …
Really divided on this. I am more confident these managers can tell the story to fund investors and stock investors than generate 20% returns going forward. Rates are high, leverage is difficult, and though they will find occasional elephants, every…
I am keen to have this lived experience and see how it works out over the next few years. Cummulative inflation has been huge, money has been debased by 20% and we are talking about fed rate cuts. Lots to learn.
Interesting. But wonder how big the numbers were to back up. Could be pure coincidence but what makes it more interesting is they wrote before it happened
Customer service exists at IBKR as long as you are not too keen to use it :) On a 1-10, if you think walking into a Schwab shop to get your needs attended has a success rate of 7 or 8, I think IBKR might feel disappointing. The reason is they ha…
Suppose one makes 100 predictions and bets on $1 on every prediction thats one thing. But of course a trained market participant should do better. It’s not just the prediction but also a matter of how the market is priced for that prediction and as …
I tried them. If they have the fund on their platform, then its definitely the cheaper way to access them compared to Schwab. But they dont have as many funds as Schwab does. I dont use other brokers so I cant compare beyond that. Of course one can …
I find it useful when people make predictions. In fact I find it most useful when their predictions are outlandish. Every one in the room knows that outlandish predictions are for publicity. But included with the predictions is usually a theory if y…
Does it matter that the 8% mortgage rates have resurfaced with real estate prices at substantial multiples of where they were bought in the past cycle when rates were there and where incomes haven’t grown at same multiples?
Thank you @ybb.
Any users here who use NY State Vanguard 529 and what would you recommend to be the best way to capture Money Market rates/short-term TBills within the Vanguard 529s?
Good article. Easy conclusions. Nice sound to them, But reality is a bit different I suppose. I think the WSJ article which said retail investors do just fine, and better than professionals, is probably too anecdotal. Nothing about reality and what …
My takeaways from the article were:
1. Marks is forcing a conversation among asset allocators. He’s right.
2. He prefers credit. He’s right there but how do you get asset allocators to act. Questionable. Not easy to get people to move.
3. He says …
This quarterly report by @davidsherman is a Masterclass. In 12 pages I learnt how to bust myths around High Yield Energy, Midstream service providers, Private Credit (so important to bust this one), and understand what looks like a fat pitch and wha…
Thank you @hank. These really are humbling times in the market. There is so much to understand and forces have gotten complex enough that no one has a good pulse on all of it. In such times, as an investor, paying attention to what we are buying, th…
Scott Barbee's investor letters are a must read for small cap investors. True, there are a lot more names in that category now and thus better pickings. False, that these or any other stocks wont get penalized if the broader market turns south. Some…
Thank you Sven. I enjoyed listening to (and trying to keep up with) @davidsherman too. I'll have to request him for another such opportunity to help the readers parse current market environment.
Thanks @ybb. Great points. To truly open the veil behind any fund is so difficult. I read somewhere that Buffett below the top 10-15 stocks rotates the portfolio at a very high rate. Have not checked tbh. I don’t know yet the healthy benchmark. What…
Suppose one knew all those turnover numbers from last 10 years annually. Assume also no inflows of outflows. What would you then try to divine from those numbers? Is there a different way of getting that place?
In my opinion, your contributions are unique because you contribute a lot and are not expecting anything in return. @Jasonfurman on Twitter is another that comes to mind. Many serial posters at Twitter want something in return but that’s probably t…
Curious @ybb your take on what discussion board postings are less than before. I’ve noticed the same. I think many posters get enthusiastic in the beginning but difficult to make real conversation possible.
If we can separate the challenge of strategically rebalancing from tactically positioning, there is a lot of opportunity there assuming taxes are manageable. Hopefully that works out for each of us who puts in so much time into thinking and analyzin…
