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.
Breaking News - Summary from Bing’s AI:
” Lawrence Summers has stepped back from all public commitments, including teaching at Harvard University, following the release of emails between him and sex offender Jeffrey Epstein. On November 17, 2025, S…
AUM would be expected to fall across the industry in a bear market as investor assets fall in value. So, to some extent, performance of these firms may reflect investor sentiment about future direction of the markets and prospects for recession or a…
This is really just nothing until the "all at once" phase begins.
Good one. Another line from 1929 - originally a Hemingway character I believe.
When’s the last time anybody referenced the old investment idiom about “blood in the streets”?
Ya, well. TROW has it coming. Service to clients fell into the toilet long ago.
I’d question how much fund houses / brokerages trade on service. Indirectly, yes. But my reading suggests it’s mostly about AUM and the direction of fund flows - in or o…
I recently rewatched the original Godfather + two sequels. Superb viewing. And a much more competent and principled bunch than what we have running things today. Brando of course excels.
Brokerage / bank / financials getting smacked today. TROW o…
My 1-cent worth. I’ve never seen a more bifurcated equity market. There’s the hot stuff the crowd, momentum funds and algorithms keep chasing. On the other hand there’s deep value, including many small & mid cap that nobody wants at any price. …
@FD100 - Have you ever mentioned “trend following” by name in any of your previous posts or recommended the best current trends to chase follow for the benefit of members who read you?
There are successful trend following funds. I have 5-6% so i…
In his prefatory remarks Sorkin quotes Albert Einstein.
”The ordinary human being does not live long enough to draw any substantial benefit from his own experience."
Had I to pick one important line from the book that would be it.
I generally don’t mess with leaves. If it’s a nice day and I want some exercise I’ll rake the worst areas. You can get away with that in rural areas. Your lawn mower will do some mulching as well. And the snow covers them from late November to Apr…
@Hank. Six months ago your question would have been absurd. Not today. My wife and were driving between Chicago and St Louis in a bare bones Saturn, with California plates. We are stopped for no reason by DEA Guys who had their weapons visible. …
Re the Charlotte NC activity. It makes me wonder what to do if I’m driving & waiting at a red light and a big guy dressed on military fatigue, face covered by a mask, gun in tow, walks up and pounds on the window demanding I step out. There ar…
If I could find a 1X inverse gold / miners or p/m fund I’d own a small hold. Unfortunately, they are all 2X and 3X. I have followed the metal since 1977 - being in and out several times. Simply do not understand the extreme run-up the past couple…
Cheer up. David writes in the November observer that T. Rowe Price plans to open a crypto fund pending SEC approval. No word on whether or not they have consulted P.T. Barnum.
Greene might be vying for a cabinet position. Rubio on Trump 2016
"Donald Trump has been perhaps the most vulgar — no, I don't think perhaps — the most vulgar person to ever aspire to the presidency in terms of how he's carried out his candidacy,…
Great write-up everyone. I too long for the days when a President could read and understand 3 pages. Just invested 0.7% (portfolio weight) in TROW Friday. So hoping their new crypto fund (if approved by the SEC) bails the firm out of its funk. (TR…
Fascinating. Good to see FAA doing their job. Properly maintained I’d think a plane can safely fly almost forever. But maintenance becomes more complex and expensive as they age. I’m wondering if the rules (frequency of inspections, etc.) are stric…
Except for gasoline prices which have likely been held stable by the adaption of hybrid and electric vehicles, Trump has little to brag about on the price front. Traveling and arriving late at a Michigan hotel several days ago I called about having…
Off topic - But one wonders how the popularity of online gaming of every sort (dice rolls, roulette wheels, sports events) is affecting the finances of these lower income workers? I was briefly addicted on an off-shore site several years before it…
"Will the U.S. say that aliens exist this year?"
Robinhood Markets clients can currently guess "yes" through their brokerage app, paying $4, plus $2 in fees, to win $100 if they're right. Don’t call these bets. Robinhood prefers prediction …
Glad you liked it. I’ve not known FD to reveal his holdings until after he has cashed out.
The real laugh might be when checking past performance of some of these stocks. While Newell Brands (NWL) rose slightly today, it is down 65% YTD. Caesa…
Clinton did some unethical things in his personal life, but I can’t believe he was vile enough or stupid enough to mess around with teen-age prostitutes!
My new BARF portfolio was my best performer today. Bought in about 30 minutes after open. Picked up NWL @ $3.29 and it rocketed up nearly 4% from there to close at $3.42. Overall the 7 holdings gained 1.14% after I bought them. However, for the f…
Created a new “BARF” basket with 5% of assets today. Will dollar-average potentially up to 7% if values decline substantially from here. Holdings: NWL, CZR, FLO, AJG, BATRA, ESRT, TROW
Well, the guy thinks small. Were I to sue somebody I’d probably go for $10,000 or in an extreme case $100,000. $1B? Maybe he’s jealous of Musk’s $1T pay package?
Pretty sure the issue is over an audio presentation - possibly a broadcast special…
"ISTM Munger & Buffett liked to shift more into cash when markets seemed frothy.
A form of timing."
I can't speak for Munger and Buffet's cash strategy.
Some investors hold cash if they can't identify any investments which meet their criteria.…
ISTM Munger & Buffett always liked to shift more into cash when markets seemed frothy. A form of timing.
By all accounts Berkshire’s cash stash is at a record high today. That’s in nominal dollar terms. As a percentage of AUM it might not be a…
I have a UPS delivery (an Amazon purchase) that was supposed to arrive Monday. It has been rescheduled 3 times and now projected for Friday. I thought this worth posting because the tragedy referenced in the post & grounding of some of the fleet…
Looking at the Empire State Building (ESRT) @ $7.29 per share. Why off 33% YTD?
Is Mamdani planning to convert it into a homeless shelter?
Funds to replicate Trump induced chaos?
As an etf BARF
OEF version HEAVE
Michigan just reset the state liquor commission controlled “minimum price” that merchants can’t sell below. It’s a weird system with the state grabbing off a 65% markup on package liquor sales.
I was struck today by how steep the recent price rese…
One of my “go to” sites is Yahoo. PRSIX is an excellent fund. It only lost 20.38% in 2008 and gained nearly all of that back with a 25+% gain the following year. A bit over half the ‘08 loss occurred in the final quarter of ‘08 when it lost nearl…
Thanks for adding the substance guys. ISTM that “global” funds, unlike international, do normally have significant U.S. exposure. Some as high as 65-70%. Not to argue, just to be sure we’re on the same playing field.
The whole concept of a singl…
