Jump to content

CorpRaider

Member
  • Posts

    3,892
  • Joined

  • Last visited

Everything posted by CorpRaider

  1. I've got firearms and ammo. Why do I need cash?
  2. Gundlach is one of the only guys worth listening to on macro stuff and he always talks in terms of probabilities, likelihood.
  3. Thanks for the info. What about the FT? Any Americans (not necessarily focused on becoming more worldly via a newspaper) care to share their feedback? I really wish Bloomberg had purchased them and just beefed up the US edition. Too much non business reporting and opinion stuff in WSJ for my tastes now.
  4. Yeah, can never say for certain but could have been another Rick Guerin. Rich but not famous.
  5. That's interesting but wasn't really my point here. My point was that Whitman underperforms value indexes. So if hes got a greater factor exposure to hml or perhaps another better value metric then his underperformance should be even greater then the value index with its inherent contra factor weighting due to the float adjusted cap weighting mechanism. Really perhaps more interesting point w/r/t goldfarb 10 and other threads. The real estate fund has carried this shop for as long as i can remember.
  6. https://theirrelevantinvestor.wordpress.com/2015/10/26/historic-underperformance/
  7. Seeing a lot of these sorts of articles kicking dirt on value managers and value exposures, which don't have the inherent glamour/momentum tilts in market cap index weighted funds. Seems a likely contrarian indicator as much as anything. Most of them were beating or hanging with the index funds until the most recent ~ 4 years which have really rewarded any momo or leveraged idiot. I suspect the funds that survive the next five will look a lot better at that time (but I'm not about to starting paying them 2% per annum with less tax efficiency while I wait to find out!).
  8. I don't know why he's coming out with this stuff. This is not how he made his money and he used to emphasize that before responding to some boring repetitive question from whatever financial journalist was asking him for his view on "the market."
  9. Wouldn't a "true" outsider CEO seek to diversify out of the cyclical, commodity industry like WEB did with textiles? I believe XOM, KMI and CHK, given its shareholder base, will at least attempt to exercise discipline and focus on returns on capital.
  10. Strikes me as kind of odd. Wasn't PSX around $74 when they disposed of 19 million shares, less than two years ago?
  11. It's all weird. I guess the QE is ending up almost totally offset in terms of money supply (or the impact thereof on the economy) by the building of capital on the banks' balance sheets.
  12. We all gonna' die (we really are). Feel better op?
  13. Just returned from midwest. Had a lot of that boulevard wheat and others from the boulevard brewery. Good stuff. No wonder moortgardt bought them. I likes the duvel too.
  14. . I gotta admit i love it when they put up the screen in screen cut away to the like old school diode/scoreboard of the dow when it is tanking.
  15. You too had a hard time engaging the enemy after you lost Goose. There is something to be feared in fear itself, as the economy is in part a confidence thing. Large market collapses and currency crises can feed into the real economy. Will they? Well, we'll see. The odds are higher with a collapse rather than without one. . Lol and most of that was just flight school! reflexivity baby
  16. Interesting video of Jennifer O'Connor during testimony on the IRS scandal. https://www.youtube.com/watch?v=Dyk1P-p56cE Chaffetz seems like a bit of an asshole. What does that make Issa?
  17. I didn't buy sh*t today, FWIW. But I did put in some stupid orders that just didn't fill. VIG @ $50; MKL at 680; WFC-WT @ $15; MAT @ $20 for example.
  18. Totally right, as he usually is. VIG is like megacap AAA companies, not junk (even UST) bonds, can't wait to see what happens to those under similar duress.
  19. Had a limit order on VIG when it was down 18%, didn't make it in before the circuit breaker though >:( Ditto. Good point below about IBKR. Hmmm....
  20. Yeah, I couldn't find it on GOOGL.
  21. They did recently modify the buyback authorization so that they can buyback stock anytime it is below NAV. Obviously, lots of CEFs have been selling off relatively hard and are trading at pretty big discounts and most of the portfolio is comprised of other CEFs. There are some Brookfield ones with > 15% discounts.
×
×
  • Create New...