CorpRaider

I track that one too but am leery of the size (~$17MM), fee waiver (going to .45% in April 2017 without extension), and also don't prefer their use of projected metrics (cash flows or earnings can't remember which) as some of the literature shows and I personally believe the value premium may largely be the result of bad predictions/recency bias.

U.S. RPV (not fundamental weighted in RAFI sense); FNDB (Schwab's RAFI suite is cheaper than the Powershares one, with minor tweaks to fundamentals used); DTD (cheapest ER I've seen among these @ .28 is dividend weighted). These all have 10+ years of live result track records (the RAFI results are for other funds but same index/methodology).

Turrible writer. Just turrible.

Dunno, but there was also hope for a sale, which would likely cause one to further time discount whatever projected cash flows they were workin' wit.

I did well this year. I'm just going to post some returns for some ETFs I track (for reference and to reflect the value premium's performance this year and perhaps moderate our enthusiasm): RPV +19.31% VBR +24.90% DHVW +11.82% IUSV +18.47% QVAL +13.03% DVP +25.00% FNDB +16.56% VIG +11.97% QUAL +9.21%

RPV, EFV

Anyone working on the life insurers? I'm not well versed in the area. Guess I should stick with uh MET, as a SIFI/more highly regulated participant.

www.vanguard.com

I'm looking for a way to get long more financials but diversify a little of the BAC-WTA gains.

Nicely done!

Finished Keynes's Way to Wealth a couple weeks back. I think overall I preferred it to Keynes and the Market. It had a foreword from Jack Bogle. I believe it had a bit more biographical detail about Keynes and less sort of analysis of how Keynes may have influenced later investors (although it did have a section on Keynes's heirs where he quotes Debbie Bosanek as saying that WEB said Keynes had no impact on his investing style, which seems unlikely. Its an ok easy quick read. Had a number of sort of callout boxes with his actual portfolios at various times in various entities. I could have done without a lot of the authors conclusions and sort of edicts.

Like it. Agree. Most of the professional guys will straight up say they know X is cheap and will be good over the long term but if it sucks wind for a year or two they are getting fired.

Yes, the true outsider, with only 30 years in Congress.

Barron's had a recent subscription deal for $56 for the year. I think it is worth that.

Probably MKL

Could have also been running the arb spread, right? Given the delay in the reporting. Pretty sure this was recently discussed in another thread. Definitely can't just use the simple trailing anything; they just bought like 60%+ of the go forward company.

I took that to mean adding some transatlantic routes, not going into short haul within Europe.

Nice. I've been curious about his view on autos since one of those recent presentations on youtube where he hinted about it. Hmm.

Yeah, he's been using that one for a loooong time. Noticed Monish recently said (in one of this presentations to students) that he thinks the auto business isn't crappy anymore (or less crappy).

The price, she goes down, no? Yeah, had an order in for VIG when it dipped like 20% below NAV during the last "flash crash". No fills.

He used to chase people with knives and bats.

Yeah it seems to this casual observer that crediting the previously "swept" funds against the outstanding preferred would look much more seemly to the press and outside observers than treasury stroking a check.

Yeah, it seems like everyone thinks it will be a no vote though.

I wouldn't be surprised to see rights offerings distributed to preferred/common. Agree. It's not over until I've heard from a fat lady. But the past few weeks have been a welcome change from the last two years. :) Yeah, that would probably be sufficient Kabuki.

Congrats to you longs. Think you will have to put up new capital in exchange for warrants/equity? Seems like they will have to make you guys write a check in connection with recapitalizing it just for the optics of a GS alumn Treasury Secretary and a bunch of hedge fund buddies.