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.
Regarding that "only TIPs have no prospect of positive real returns", note that "Grantham, personally, suspects inflation will be far higher" than the conservative 2.2% assumptions.
So, there's a bit of a mixed message here. While TIPS will do poo…
Thanks for posting Ted.
Forward Management also put out a paper on the space around this time last year. It does a good job of outlining the pros/cons, available at:
http://www.forwardmgmt.com/pdf/insights/Frontier_Markets_Whitepaper.pdf
I typica…
In regards to his "unwillingness of reversing his calls", if he turns out right, investors will be glad he didn't and his conviction will be admirable... I, for one, am in his corner.
Thanks msf! I really appreciate the suggestions. Buffalo has a lot of what I'm looking for, and may be a great fit (pending some further review of course). Thanks again for pointing it out!
There have been numerous studies that show every great manager will underperform over a 3-5 year time period at some point. If nothing inherently has changed (team/strategy), it's probably best to just stick it out. Especially since you run the risk…
Thanks. I was looking for a trend specifically in regards to core/core plus bond funds; wondering if perhaps Blackrock, Templeton, Fidelity, or others were allowing for increased allocations to stocks. If this was something brewing, the next natural…
Admittedly, I did a quick look at Morningstar, and those stats are wrong (so I've deleted them - thanks for pointing that out). But, that said, the core of my point remains the same. As far as Berkowitz’s “blaming” anyone for poor performance, it’s …
Not really, GoodHaven is at best a watered-down FAIRX. You buy Berkowitz for his "bets" on the market; his conviction to invest heavily in areas where he sees the most value. Although the PMs at GoodHaven learned from Berkowitz, this is no easy thin…
Sold majority of equity the past few weeks, now sitting in cash. Rodriguez (FPA Funds), Grantham (GMO), Mobius (Templeton), Klarman (Baopost); Marks (Oaktree) -- to name a few -- ALL saying the same thing; disaster looming sooner rather than later. …
