jobyts

FXI is in a huge bubble territory. FRFHF was singing all negative about China. Why should it move in the same direction most of the time? Hard to think it is coincidental.

https://www.google.com/finance?q=frfhf,FXI,DBB If you look at the FRFHF, FXI, DBB (commodity metal ETF) graph for the 3 month graph, it is all moving in the same direction. After reading some of the annual reports, I was thinking FRFHF was shorting some of the Chinese companies and commodity, and expecting to move in opposite direction. Did failfax have to eliminate the China short positions, after the Chinese government made shorting illegal? I thought shorting Chinese stocks were illegal only for Chinese companies. Please shed some lights on why FRFHF is going down along with other indices recently. I was expecting them to move in the opposite direction of China and commodity index, especially in the recent market volatility. Please share your thoughts. If you look at the FRFHF and FXI 1-year graph, the only times they moved in the opposite direction are Jan15 to Feb15 April second week to May15

Like FRFHF, I was wondering if there are other managers/companies that have active management and heavily into deflation protection. I'm not looking for the list of deflation protected asset classes, I am specifically interested in active management. Also, a hedge fund manager that takes a minimum of $5mil to open a account does not help me. Thanks in advance,

rkbabang's post reminded me one of my all time favorite quotes. "It is said that power corrupts, but actually it's more true that power attracts the corruptible. The sane are usually attracted by other things than power." - David Brin

(at 4:54) he says "that wouldn't have had happened had the first one not happened". I didn't get what he meant by that sentence.

How many seconds does Tesla take from 60 to 0? That is more important for me than the other way.

I was trying a top down approach to build a portfolio with one company from each sector, historically grew from smart acquisitions, preferably under 20Billion MarketCap. So far browsing through the CoBF threads and came up with the following priliminary list. Can someone fill the list with companies in the missing sectors. You could suggest more than one such company within the same sector, may be in different industries. I would like to do some back date time tests to see if this is a reasonably good strategy. Technology: CSU.TO Healthcare: VRX (>20B MarketCap though) Industrial: TDG Financial: LUK Basic Material: PAH Utility: Energy: Consumer Cyclical: Consumer NonCyclical: Thanks in advance.

A nice summary of the current Greek crisis. http://www.telegraph.co.uk/news/worldnews/europe/greece/11721426/greece-crisis-what-you-need-to-know.html

The amusing greek video is by a Newyork based comedian. Here's an interview with him.

Roth IRA has no RMD requirements.

I need food container boxes that can hold a spoon inside. I usually cook for 2-3 days. When I take the food from the refridgerator each time, I do not want to use a fresh spoon. If I keep a spoon inside the container, sometimes the whole spoon handle gets in contact with the food, and I end up using a new spoon..

Before, responding to an email from your boss could be delayed for a reason that you are at lunch break. With the smart phones, the expectation is to respond immediately wherever you are.

Thanks all for the responses. When the experts talk about the bond market bubble, are they talking about only high yield bonds? or it is going to affect all of them - short term, long term? From the posts above, it seems that long term bonds will be less severely affected. Please correct me if I'm wrong. Also if I expect the yield curve to flaten out or inverted within a year or two, should I be in long term or short term bonds? Mostly I'll stick with the money market, with my lack of knowledge on the bond market.

My wife's new company offers the following non-stock categories for her 401K plan. We both come in the Prem Watsa deflation wagon. Which one of the below funds should she pick? Plan to reallocate to more aggressive stock funds after a major correction. Thanks, High Yield Emerging Market Bond Inflation Protected Bond Interest Income Total Bond Market Long Term Corporate Bond International Real Estate (Stocks) ( Japan, Latin America, China, Emerging Asia) Blended Fund - Conservative Alloc. Blended Fund - Convertibles Blended Fund - Moderate Allocation Blended Fund - World Allocation Bond Investments - Emerging Markets Bond Investments - High Yield Bond Bond Investments - Intermediate Gov't Bond Investments - Intermediate-Term Bond Investments Long Government Bond Investments Long-Term Bond Bond Investments Multisector Bond Bond Investments Short Government Bond Investments Short-Term Bond Bond Investments World Bond

My interest in the question was mostly what Writser mentioned, sorry I did not elaborate much in the question. When I see someone's opinion about the number of stocks he/she owns in their portfolio, it will be more valuable to me if our AUMs are comparable. For this purpose, even anonymous voting will not help. Guess we have to live with this limitation with online forums. My intention is not to have show off competition. In fact compared to lots of other forums, this forum has much more matured members. I think some of the members here with very high AUM do not want to say it since it may look like bragging, even though they are not. Another point is ,I remember reading in aaii.com, they had some page (cannot find now) mentioning the average AUM/age/profession of a typical member. The also have the AAII sentiment tracker as a contrarian indicator. I was wondering how much it is comparable to this forum. Edit: Just found the aaii page. http://www.aaii.com/journal/article/is-the-aaii-sentiment-survey-a-contrarian-indicator?adv=yes The typical AAII member is a male in his mid-60s with a bachelor’s or graduate degree. AAII members tend to be affluent with a median portfolio size in excess of $1 million. The typical member describes himself as having a moderate level of investment knowledge and engaging primarily in fundamental analysis. This said, AAII has in excess of 160,000 members and simply due to the sheer size of our membership, there are wide variances in wealth, investment knowledge and investing styles. We also have many women members. This mix makes the AAII Sentiment Survey unique in that it conveys the attitudes of active, hands-on individual investors.

Including the brokerage and retirement account of yours and your spouse's. I think the AUM has a big impact on one's portfolio stock percentage, number of stocks in the portfolio etc.

I remember in one of the video, Mohnish mentioning that Guy and him discussing all their investments to each other for peer review. Also you could see a major portfolio overlap. Guy's strategy is more of what worked in the USA (costco, Moody's etc.), try it on other countries.

Just came back after attending the talk. There was professional video recording. If not on youtube, it should be on the Stanford website. At the end, I asked Mohnish how much time does he spend on a company researching before putting the money. He said it depends on the time. At the 2009 time period, when things were cheap, he just needed only a day. At present, he spend couple of weeks researching the company before buying. That was kind of unexpected. I guess he probably misheard the question.

Francis Chou Comments On Resolute Forest Products March 11, 2014 | About: RFP -1.44% From Francis Chou's 2013 letter to shareholders. The common stock of Resolute Forest Products (RFP) contributed significantly to the returns of the Fund. We do not normally buy common stock for the Fund but every now and then, due to restructuring, we receive shares for a debt security we hold. Such was the case with RFP. We received shares of RFP for our holdings in McMinn County, Tennessee revenue bonds. To cut a long story short, we purchased 15.48 million bonds for a total consideration of $155,800. We paid roughly one cent on a dollar for each bond, preparing to hold them for several years. We knew McMinn’s obligor was AbitibiBowater and we have been following AbitibiBowater story for a while (AbitibiBowater changed its name to Resolute Forest Products in 2011). McMinn bonds belong to a class of creditors that were in dispute with AbitibiBowater 7.95% class bonds, a dispute many thought would not likely be settled for several years. We figured that even if McMinn lost the lawsuit, and 100% of the disputed claim was awarded to the 7.95% class, we would not lose money on the McMinn bonds considering the price we paid. Lo and behold, a few months later, the lawsuit was settled and we received 52,564 common shares of RFP for our holdings of McMinn bonds. At the year-end price of $16.02, these shares of RFP were worth approximately $842,075. Such a windfall comes maybe once every 20 years and we would not recommend this case as a regular way to invest in bonds. You needed a seller who was desperate to sell his holdings within a short time frame but could not find a buyer. And in a fortuitous way, we had invested in RFP for several years and were well acquainted with the story and the lawsuit. Further, the outcome was also dependent on a quick favorable legal judgment. The lawsuit could have dragged on for years which would have diminished the annualized returns by a considerable margin.

Thanks Travis. Searching for "Industry primer" looks promising. Trucking Industry: http://onlinepubs.trb.org/onlinepubs/circulars/ec146.pdf Energy: http://www.ferc.gov/market-oversight/guide/energy-primer.pdf http://www.tphco.com/Websites/tudorpickering/Images/Reports%20Archives/Electric.Power%20Industry.Primer.04.02.09.pdf Technology, Media, Telecom: https://www.wellsfargoresearch.com/Public/TRACS/TRACS%2017%20Technology,%20Media,%20Telecom%20Primer.pdf Semiconductor: http://www.semismatter.com/2014/11/24/equity-research-semiconductor-industry-primer-2014/ Others please feel free to add similar kind of primer documents for other industries to this thread.

How do you start learning about a specific industry? Say, auto industry. Are there any books you read about auto industry? Or it is from the related magazines to be aware on the current trends? Or it is by reading the annual reports of the companies? What is the right approach to learn about an industry? My question is about start learning. I think reading the annual report (and reading magazines to some extend) are more of a sharpening the saw, rather the starting point. If it is through books, please advise what books to read. Not just for auto industry, but for others too.

While doing my late night exercise, I prefer to listen to some 1 hour long financial talk, with or without a screen. Need to listen on my laptop with headphones. I do not have a TV cable connection (TV is used only for DVD and MacMini display). I listen to the daily presentation that is in the Scottrade, by a company named 'Learning Markets'. I like some of their macro thoughts, but they are too much into technical analysis. Couple of others I am familiar from the radio are 'Market wrap by Moe Ansari' and 'Investtalk with Kpp financial', both are subpar. Any recommendations? This is just to motivate me on the exercise part, not for the investment.

As far as I know, the US government has no direct control on the US oil production unlike the OPEC countries. The government could control the production indirectly only by the permit and export laws. Is that a correct assumption? How is the government control in other countries like Canada and Australia?

Are you sure it isn't still $250k per owner per institution per ownership type? All your individual account together gets $250k protection. All your spousal accounts together gets another $250k. The joint account with the spouse gets another $250k. So you and your spouse could get a total of $750k protection.

Actually I meant adding money into account. Say I have an monthly salary of 10K, and I need 7K for my monthly expenses, effectively I'm supposed to be adding 3K cash for investment every month. I might not have bought any stocks in the first 6 months since I could not find any opportunity. How do you include this 3K/month in the equation? Your brokerage account might do the calculation based on the cash available on the brokerage account. But I might not have moved my cash from my saving account to my brokerage account until the opportunity arrived. When you calculate the yearly return, are the folks here adding the investable cash (3K/month in the example here) in the saving account as well?