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.
And if, at the new site, you click on "portal," you seem the moral equivalent of the "discussions" tab OJ was hoping for. Chip is working to make that the new site's landing page: mfo.com/discussions would land on the "all threads" page and you coul…
Got it! And thanks. Chip knows it's an issue and is in the midst of learning what about a hundred new buttons on the admin control panel do. She agrees that restricting that list needs to occur before we become more visible.
https://drive.google.com/file/d/1CbZnunYoxugGU6QgxR2zPFSqBeuAntFQ/view
You'll know you're cookin' with gas (except in California and New York) if you see something like this screencap.
That's a puzzlement. Chip is pondering. When I click the link, I get the warning then access. Please try to open it in a different browser and make sure it doesn't add an "s" to the "http."
We could use some help from beta testers for the new version of the discussion board. What you need to know:
1. it is at Chip's personal URL. If you have any kind of malware alarms, it will ding as "insecure - run away!" Nothing much to actually wo…
Thanks! Chip might drop by later. We're using her personal URL to host a duplicate version of the site. The "multiple browsers" thing is not a workaround because of a DNS lookup problem: you would need to manually teach one browser that MFO should r…
Embedded taxable gains, primarily.
I bought Seafarer Overseas G&I at launch. Why? EM made sense, Andrew made more sense, growth + value made fair sense. On whole my preference for very long time frame holdings is (a) tilt toward value / quali…
Sadly one thing lost in the reboot was ... well, most of the March issue. Spent last night reconstructing it. We think it's intact now, hopeful of launching tonight.
The most interesting bits of research dealing with Claude clawing people, one way or another, is that Claude seems to be able to tell when someone is gaming it. There are tracks of the internal dialogue in which the model seems to recognize that it'…
For what it's worth, Claude is by far the best of the consumer-facing LLMs and I suspect that Anthropic is the best of the AI companies. I also suspect that, as a business matter, whatever losses they suffer from Hegseth's temper tantrum and Musk's …
If you haven't, it might be worth reading our July article on Matthew's decision to bring in Mr. Headley to be their CEO. His argument was that the firm's performance decline and staff exits reflected a profound internal dysfunction which he was ada…
Had a long talk with Smead the Elder once. I've only ever met one other fund manager could came across as more self-assured and less reflective than he was. I could so see him and Larry Kudlow in a sort of love fest. Elements of what he did worked t…
The official announcement, emphasis added on the transition piece.
Dear Leuthold research readers,
It is with heavy hearts that we share the news of the passing of Doug Ramsey, Leuthold’s Chief Investment Officer. Doug died unexpectedly of a bra…
"Quite different" is hard to assess. All of the fund's 10 top holdings appear in the ETF's top 14, though the weightings are not identical. The sector weightings are typically within 1-2%, with the same six sectors are zero weight in both. 50% turno…
Claude is a fascinating tool. Chip's Claude - which helped her convert her old gaming PC into a linux-based home server with its own self-contained AI - has taken to ridicuing my Claude as being an overly cautious fuddy-duddy. It's not impossible th…
With due respect for the intensity of passions, both here and nationally, I really do wonder whether it's time to move past the vituperation of Mr. Trump? I teach Propaganda which forces me to pay rather more attention to our current politics than, …
I'm reporting, not recommending, big guy. Vanguard, and others, appear to believe that over the next 5 to 7 years you'll be able to make about as much money in the Total Bond market index as in the Total Stock Market index but with less volatility. …
You're very kind, thanks! I thought about working on being the peculiar angel on someone's shoulder one day ... then thought about whose shoulder I might end up perched on, and fled.
Cheers!
A friend survived the Camp fire (2018) with destroyed Paradise, California, with the loss of home, possessions and community. It, literally, haunts her still. My heart goes out to your son and to a million others who will hear the cracking in their …
Hi, guys.
I did poke Sherman on your behalf. The short version of his short response was "It will all be handled appropriately. US Bank is aware of the NAV adjustment. The mechanics are above my pay grade."
So that I don't have more to share.
The term "idiots" comes to mind, and not with regard to the Fed. Without regard to any contrary evidence, folks were sketching in six rate cuts in 18 months and counting on Trumptopia. Stocks spiked on the delusion, money followed then pain followed…
Hi, Derf.
No. Maybe a fourth in 13 years? The dude who set up multiple accounts so that he could post smack and be cheered by "others on the board" kind of stands out. But, as you might imagine, it takes a fair amount of provocation to stir me fro…
Hi, guys.
Sorry for the delay. Hectic time. End of the semester. Chip was on the road at conference. And I was processing, both the outcome of the election (Mr. Trump made a modest and insightful comment about it this week, roughly "we won becaus…
The good folks at Standpoint wanted to share this link for REMIX/BLNDX: https://www.standpointfunds.com/files/2024-distribution-estimate-standpoint-multi-asset-fund.pdf
I've queried Matthews' media team about the move. MACSX seems to be performing about the way it usually does and doesn't seem to be suffering from huge outflows. That makes both the merger (and the merger into a fund one-tenth its size) odd.
I'll s…
Hmmm ... the fund's performance depends on index reconstitution. Presumably as it goes through more deletion cycles, it will have more opportunities for differentiated performance. I offered the link mostly for people who wanted to hear stuff straig…
Might post might have been misleading so, just to be clear, paragraph one is Leuthold and paragraph two is the rest of what spewed from my monitor at about the same time.
90% of Leuthold's output are statistical analyses and 10% are portfolio comme…
Ummm ... ask them to be added to the distribution list? Mention that you post here and have found posts based on their research interesting? The worst they can do is say "no."
Things are Rondure were driven by a combination of rapidly escalating costs and the emergence of some serious health issues, for what interest that holds. Ms Geritz says she's focused on helping her shareholders and staff just now, and will worry a…
Hmmm. There are 30 RAFI / RAE / Arnott funds, of which 20 have outperformed their peers since inception. Six are Great Owls. Eleven fall in the top tier of MFO Ratings.
There is a old joke in the economics profession that involves two economists – …
Hi, guys.
Mostly, given the Morningstar research and my own preferences, I was shooting for two parameters: (1) maximum simplicity hence 50/50 and (2) a multi-asset manager who might make some adjustments to moderate risk as things evolved. Too, I'…
