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.
I don't think Boehner has the capacity to lead to a solution without a crisis happening first unless the fridge in his party agrees.
He is scared he will lose his 'leadership' position if he goes against that group. So, he is not leading but follo…
Reply to @Old_Joe:
Yes, I was going to post there but did not. I think we will always have significant investor/trader population that will be active. Wall Street would go broke if it did not. So, they encourage trading.
Secondly, cap weighted i…
“We have a feckless Congress incapable of acting or cooperating with the president,” Fisher said in Little Rock.
Fisher is not my favorite but boy can he be any more direct in his words? They want to end extra-ordinary measures and Congress keep th…
Reply to @Ted: VFINX always used S&P 500 as index. There was an issue between Vanguard and S&P regarding if the license extended to the ETF shares and S&P refused to extend the license to ETF shares so for a long while Vanguard did not o…
Reply to @scott: You are right scott. Rational people would do that...
The issue is being stubbornness, his "I know this and everyone else is wrong attitude" which is apparent from his writings is costing his investors dearly .
He will be right a…
Reply to @msf: The fees are paid one way or another. Ultimately I look the total expense ratio. How that total expense ratio is broken down is much less important.
I do own BCSIX as NTF in my 401k self-directed brokerage (JPM Chase platform). I contacted them why they are not NTF at Fidelity and they basically indicated Fidelity is charging them too much.
Looks like Fidelity has created an intermediate tier …
Reply to @VintageFreak:
If your unhedged portfolio is doing better than the market, and then you hedge it, the expectation is that your fund will return 0%, not a -ve%.
That is not true. Hedging costs money and he is charging management fees while …
David, excellent commentary.
To my delight you have profiled OBIOX and I am glad that they instituted better risk controls. I agree this time around they are much better.
They may be right but when so-called shallow risk happens, and you panic and sell because you cannot stand it, long view is not going to help.
The best portfolio is one that you can live with.
Thinks got much more difficult for Blackberry now that Nokia is being acquired by Microsoft.
Google, Apple, Microsoft are big companies with much deeper pockets than Blackberry and I do not think there is big enough pie left there after these.
I am not exactly sure what changed. I looked at the SEC filing did not notice something obvious without comparing with previous forms.
Update: OK. From @msf's quotation I understand what changed but what prompted this re-org? What objective are the…
Reply to @Old_Joe:
Bernake has endured so much verbal abuse by know nothing politicians that I would not blame him for not wanting to stay.
Remember the Texas governer Perry? He cannot remember which departments he is going to close but has the …
It is a flawed article. I cannot imagine what benefit you gain when you are in dark not knowing where you stand.
You should have a benchmark portfolio that matches your risk preferences. If your actual portfolio is performing worse than the benchma…
Reply to @davidrmoran: Type http : before your URL. It is a signal to linkify your URL for the board. Otherwise, you can try the link tool (second from right on the tool bar) in Write Comment box.
There are arguments pro and con for tilting to higher profitability companies. It could be a new dimension or as the Author claims it is data mining. We will see. I have the feeling DFA is not revealing their complete research.
Reply to @BobC: I agree with BobC.
I think you should work backwards. Determine cash flow needs in retirement, subtract the cash flow due SS and look at your portfolio to see if you can meet the cash flow needs with it and what risk level you might…
Reply to @VintageFreak:
Unfortunately, I do not have iPad 1 to verify.
Did you try to login using the URL?
If it does not work, I would investigate the equivalent of cookie/security/privacy settings of your version of iOS.
Also, try Opera brow…
Reply to @OregonDan: I agree it is more friendship favor. If it was not within that framework, I think it would be inappropriate for a fund manager to list the names of the people investing in the fund. It is an attempt to use David's name to gather…
Reply to @VintageFreak: Did you update to latest iOS? If not, try doing so.
In addition, try using the Mobile version of the forum and login directly to the forum (instead of embedded in Word Press Blog)
http://www.mutualfundobserver.com/discuss/i…
Reply to @Sven: When you go to video lectures page for this class there are icons to download each lecture video.
https://class.coursera.org/compinvesting1-003/lecture/index
Specifically the last show is on 9/27 unless things change on sponsorship ground.
Chuck is asking to send an email to him if you are interested to be notified when/if he starts his next show. He promises not to used email addresses in any other pu…
And there are some of us following the Computational Investing course (offered by Georgia Tech) at Coursera.
http://www.mutualfundobserver.com/discuss/index.php?p=/discussion/7422/free-coursera-course-computational-investing
Reply to @Ted: Oh yes, that is David's interview that is not publicized here as far as I know.
I am behind schedule in shows. I am about to listen to that one next.
Update: Also listen to the interview with portfolio manager Bill Smead on 9/4 sho…
Reply to @Hrux:
I understand your reasons for switching to active management. You cannot deal with the emotional discomfort of beta when the market goes through those painful episodes. So a low beta and high alpha strategy is preferred.
Hope stre…
Good article. Reminded me the outcome of trading service that Roy (FundAlarm) has used for a while. It was all backtested performance that did not match reality and when it did not work they came out with another back tested strategy.
Reply to @Ted: why new password. The site login cookie expires once a month and you just need to login with the same existing password. Given this situation is not happening with a whole bunch of people but repeatedly with you there is obviously som…
I agree with the points of the article.
On the other hand those that are sitting on the sidelines or trickling in is probably extending the bull market for the rest of us.
Because investors are more careful and discriminating, less stupid wastef…
I wondered why FMI does not include FMI Focus in their quarterly statement that included FMIHX, FMIMX, FMIJX. It looks like FMIOX was a step-child of the family.