DukeCrow

Kevin Byun, Denali Investors

Is no one worried that even though these strategies may not violate the letter of the law they definitely violate the spirit (saving for college), which could raise problems with the IRS? http://www.lorman.com/newsletters/article.php?article_id=1073&newsletter_id=232&category_id=6 If the IRS thinks the plans are set up for the express purpose of avoiding estate or transfer taxes, they can invalidate your use of them, and then you've lost a lot of time and opportunity to setup your estate in a potentially more efficient way.

You are either mistaken or under very unusual state regulation. An SMA can charge reasonable fees. In my state anything up to 2% is still considered reasonable. Higher than that you get some backlash. SMA's are also not precluded from incentive fees either as long as the client is accredited. Performance fees for RIAs depends on the state. Some require the investor to be qualified not accredited. I believe the SEC requires the client to either have $1 million invested or $2 million net worth. http://www.sec.gov/rules/final/2012/ia-3372.pdf

Interesting. Would you mind linking to the printer and coil binding machine you purchased? Thanks! Printer: http://www.shopping.hp.com/en_US/home-office/-/products/Printers/HP-LaserJet/CC494A?HP-Color-LaserJet-Enterprise-CP4525dn-Printer#BVRRWidgetID Binders: https://www.probinding.com/SubCategoryProducts.aspx?SubCategoryID=2 If you are planning on binding your documents, automatic two-sided printing (included in the printer linked above) is a must. Also, if you are planning to bind one or a few documents a day then the low volume (read: least expensive) binder will do the work. No need to pay for an expensive binding machine that is designed to bind 50 presentations in a sitting. Enjoy. Awesome. Thanks so much for the links.

Interesting. Would you mind linking to the printer and coil binding machine you purchased? Thanks!

Try using print view. That works pretty well, in my opinion. For example: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/best-way-to-view-this-site-on-mobile-and-tablet/?action=printpage

Is the reorg a big mistake? http://stratechery.com/2013/why-microsofts-reorganization-is-a-bad-idea/

There are lots of maritime museums in the Hampton Roads area. The one you mention is run by the US Navy. They wouldn't be buying Titanic assets, sequester or no sequester. Correct. For example, there is also the Mariners' Museum (http://www.marinersmuseum.org/). Besides, I doubt any of these museums would be buying the assets with their own money. It's probably safe to say that whichever museum it is has been looking for private donors to help fund the purchase and the proper display of the artifacts. That's why it's been described as a public-private consortium. The CEO pretty much laid it all out on the conference call.

Yes, they are flawed, but publishing on the 15th day isn't the issue. As bargainman mentioned, if you have their stock screening software SIPro you can run the screens at any time. At most, I would use their published screens as idea generators (if I'd even use them at all).

Fixing up the business doesn't mean they aren't open to a sale. In fact, it makes more sense to try to sell after the business is fixed than to try to sell while it's still broken. Hopefully, management chooses to follow whichever route generates the most value for shareholders.

"Read somewhere"???? No need to rumor monger ;) Unless Gregg files an amendment to his 13D, I wouldn't start jumping to conclusions. Read Whopper's latest write-up on SeekingAlpha. Gregg's in the comments.

It's impossible to achieve the returns in the screens since they are theoretical, rebalance monthly, don't take slippage and liquidity into account, etc. The Shadow Stock portfolio, however, is a real money portfolio. If you follow the trading guidelines, you have a good chance of replicating the results. Beware that it is a very volatile portfolio, though.

I use the Mr. Reader and SlowFeeds apps on my iPad to read RSS, so I'm trying to stick to services that they'll both support. Right now, I'm evaluating Feed Wrangler ($19/yr) and FeedHQ ($12/yr). Until I decide, Feedly is free, and I'll use it as my backend once Mr. Reader and SlowFeeds start supporting it (hopefully, before July 1). I might even stick with Feedly if it seems to be working well, but I'm kind of leaning towards a paid service so I know the rug won't get pulled out from under me again in the future.

If the bid wasn't serious, I don't think Premier would have waited a year to engage investment bankers. I just think they finally realized that the consortium would take quite a while to work out (if ever) because of the complexity of selling to both public and private buyers, and it was about time to look for other buyers even if it meant getting a price less than what the consortium was offering. Hopefully, we'll get a better update of the process on the call in mid-July.

Then you better check this website quick before it gets changed, too ;) http://scioncapital.org/

The old site is still in Google's cache. http://webcache.googleusercontent.com/search?q=cache%3Ahttp%3A%2F%2Fscioncapital.com&aq=f&oq=cache%3Ahttp%3A%2F%2Fscioncapital.com&aqs=chrome.0.57j58&sourceid=chrome-mobile&ie=UTF-8&hl=en-US&espv=1 And it still looks like you can directly access his first 5 letters. http://www.scioncapital.com/index__letters.html

On the iphone, there are a couple of ways to do this. [*]Use Voice Over in the Accessibility settings. Best way to do this is to assign a home button triple click to turning Voice Over on. Then when you want some text read to you, triple click, and tap on the text. Then triple click again when you're done to turn Voice Over off. [*]Turn on Speak Selection in Accessibility settings. Then when you manually select text you want spoken aloud, there should be a pop-up that says "Speak." Tap that, and the text will be read to you. Personally, I prefer option 2 because you can easily scroll the text while it is being spoken and because you can have it highlight the words as it reads them. This app seems to be getting good reviews. Haven't tried it, yet. http://soundgecko.com/learn https://itunes.apple.com/us/app/soundgecko/id541781633?ls=1&mt=8 Update: Okay, I just tried SoundGecko. It works pretty well. I have it pointed at my Pocket RSS feed, so any articles I save to Pocket automatically get saved into SoundGecko, as well. You can also email it links to individual articles or use a Chrome extension to save an article. The text-to-speech engine is fairly good. BTW, SoundGecko has an app for Android, it can save the audio files for your articles to Dropbox or Google Drive, and it even generates a podcast feed that you can add to your podcast player of choice; all of these listening options makes it completely cross-platform. So between the iOS-specific options and SoundGecko, I think you should be able to find something that suits your needs.

Wasn't it painfully obvious during the financial crisis who really controls the government? Those arguing Repub vs. Dem are simply shuffling chairs on the deck of the..... But, yeah, I agree with Sanjeev. Obama is a big step up from Bush but still a step down from Clinton. I wouldn't mind having George H.W. Bush back in office vs. who's running now....

Comments? His buddy Chanos is/was short DELL, so maybe he decided to get out based on what he believes market sentiment will be for the short term/medium term. It sounds more like he exited based on short/medium-term issues with the non-PC business rather than sentiment. Do you have any insights into the performance of the non-PC business last quarter vs. the quarters prior to that? Thanks.

Looks like Einhorn exited his DELL position last quarter. www.scribd.com/doc/100941463/Greenlight-Q2-Letter-to-Investors Comments?

I have Mosaic and don't believe it's worth paying the current prices for. It's basically full of reprints of articles Mohnish published for various websites. Because of that, it is not a cohesive book; it's a bunch of articles on different topics all put together into one book. The articles are good but probably not worth paying a high price for -- especially since you can track down most of the articles online for free ;) http://www.valueinvestingnews.com/poor-mans-mosaic

Not a hypothetical example. MFI did underperform for periods up to 3 yrs and that was a key point Prof. Greenblatt made at the time the original book came out. He suggested that the reason that his "magic formula" would continue to outperform over the long-term was precisely because most investors wouldn't be able to deal with underperforming for periods up to 3 yrs.

So what? The whole point is that you're buying a basket of stocks. It doesn't matter what any individual stock does; it's only important how the basket performs. That's pretty much the whole point of investing in baskets/indexes/etc. What if beating the market over the long-term required you to underperform for periods up to 3 yrs in length? Do you still think the computers would "efficient the shit out of it?" Remember what happened to LTCM? Markets can remain irrational longer than you can remain solvent. Ever heard of Dimensional Fund Advisors. They took Fama and French's research and built a massive business around it. http://www.dfaus.com/

I just finished the audio book, and I must say that I am a bit disappointed. I really enjoyed Prof. Greenblatt's earlier books and was hoping that this book would add another tool to my investing tool set. Unfortunately, that was not the case. Most of the book is setup for the last couple chapters. Really, only the last 2 chapters (out of 9 total) are what comprise the "Big Secret." (Spoiler alert: The big secret is... value-weighted indexes.) I would definitely just leaf through the book in a bookstore or borrow it from the library. For most people (especially in this forum), it probably isn't worth buying. Note that I have nothing against value-weighted indexes. In fact, they are probably the best no-brainer way to beat the market without any effort. I say that the book is disappointing because there really aren't any new concepts or new information in it. Fama-French (and DFA), RAFI, Wisdom Tree, etc. have been extolling the virtues of this approach for years already. I guess Prof Greenblatt's new approach is his own proprietary ranking/weighting methodology and his aggressive rebalancing. The following website was setup as an adjunct to the book. http://valueweightedindex.com/ And from that site you get pointed to the following. http://www.valueweightedportfolios.com/ And then from there you get pointed to this site. http://www.formulainvestingfunds.com/ Enjoy!

Seems more like marketing material for Marketocracy than a real book.