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Anthony Grossi  

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  • Dundee Industrial REIT: Another Compelling Dundee Offering [View article]
    much like Brookfield, which has a similarly confusing array of spinoffs and subsidiaries, unless you really just have to have a dividend in order to own a stock, you would probably be better off just holding the parent company (DC.A or DDEJF).
    Oct 25, 2013. 12:59 PM | Likes Like |Link to Comment
  • A Right Time To Fix An Investment Wrong? [View article]
    why make any geographic allocation decisions? Why not just own VT (or VTWSX) as a proxy for all equities?
    Oct 18, 2013. 01:39 PM | Likes Like |Link to Comment
  • The Fundamental Flaw Of Stock Indexes [View article]
    I have a technical objection

    you claim that indices buy high and sell low

    but in practice, once the original index purchase is made the index does not buy or sell any stocks - the cap weighting is just the result of market fluctuations (unless the index changes constituents)

    So its a bit of a fib to say that index funds buy high - the just buy and hold.
    Oct 17, 2013. 06:09 PM | 2 Likes Like |Link to Comment
  • Undervalued Philip Morris Offers A 4% Yield Backed By Strong Buybacks [View article]
    you realize that they borrow at fixed rates, while anticipating that the dividend payout will increase. They are capturing far more than just the initial spread.
    Aug 28, 2013. 07:16 PM | 8 Likes Like |Link to Comment
  • Can Passivity Be Enhanced? Why Smart Beta Strategies Are Suddenly In Vogue [View article]
    smart beta is just another way to describe quant funds. They assume that some set of metrics will result in outperformance and create a fund that tracks those metrics.
    Aug 14, 2013. 06:57 AM | 2 Likes Like |Link to Comment
  • Nearly Out Of Fresh Ideas Except For Cash [View article]
    I thought most of the market cap of Dundee was from shares of BNS. Did they sell those when I wasn't paying attention?
    Jul 30, 2013. 06:45 PM | Likes Like |Link to Comment
  • Steel Partners Holdings L.P., A Small Conglomerate Undervalued By At Least 38% [View article]
    I love sum of parts investment ideas.

    This was the best thing I read today.
    Jul 15, 2013. 06:17 PM | Likes Like |Link to Comment
  • In Defense Of Concentrated Portfolios [View article]
    regarding srobbin
    "half perform better than the average"

    actually half perform better than the median, but since investor returns are distributed along a log curve, much fewer than half of investors perform above the average.
    Jul 11, 2013. 01:27 PM | 4 Likes Like |Link to Comment
  • 8 Balanced Portfolios Compared: Vanguard, Janus And Others Vs. A 60-40 2-ETF Portfolio [View article]
    technical point: one possible reason that VBIAX may have outperformed is that the fund rebalances to 60/40 at the end of every trading day. How often does your etf model portfolio rebalance?
    Jul 10, 2013. 10:55 AM | Likes Like |Link to Comment
  • Pondering Simplicity In Asset Allocation [View article]
    DGSIX, VGSTX, vanguard "lifestrategy" funds, GMWAX, FGBLX

    I'm sure there are others
    Jul 8, 2013. 09:41 AM | Likes Like |Link to Comment
  • Pondering Simplicity In Asset Allocation [View article]
    there are really only two or three assets to consider; equities, bonds and cash

    so why not a global equity fund, a global bond fund and cash allowance.

    If you go with a balanced portfolio or one of those target date funds, the re-balancing is done for you and all you have to do is choose when to make your re-investments.

    In this case, simple really is better.
    Jul 8, 2013. 08:49 AM | Likes Like |Link to Comment
  • What Baseball Cards Tell About Investing [View article]
    As both a sports cards and comic book nerd, I remember selling my cherished possessions in the late 90's to help pay off a debt and thinking I would never see them again.

    About two years ago I started collecting again for the joy of it, and damn those things are cheap right now (I have grown into the middle aged male with disposable income). If the world ever decides that physical objects have value and that a web page is not an adequate substitute, these "collectibles" will be in short supply (golden era, that is).

    As per the author and Akaralph, kids today don't even care about these things, and sports stars have been tainted by the likes of Bonds and Armstrong. You can always find it online, right?

    One thing you have to consider in collectibles markets is who on earth do you sell them to? Will this generation really esteem Lebron James they way an earlier generation idolized Christy Mathewson? (I totally just gave away where I grew up, huh)
    Jun 7, 2013. 07:02 PM | Likes Like |Link to Comment
  • BHP Billiton Could Be An Intriguing Income Investment [View article]
    If you look at normalized earnings you have to question the dividend, as dividend is now greater than 09 and all years prior to 06. All depends on guessing where commodity prices go from here.
    May 20, 2013. 07:21 PM | Likes Like |Link to Comment
  • MLPs And Interest Rates, How Right Is Mr. Gundlach? [View article]
    the "problem" is cost of capital, not interest rates. As long as market participants are buying share issuances MLPs are the place to be.
    May 17, 2013. 04:45 PM | 9 Likes Like |Link to Comment
  • Why Passive Index Investing Is Merely An Illusion [View article]
    agreed,
    when I read the title I assumed the author would be writing about how index investors still have to make "active" decisions about asset allocation and timing of purchases (i.e. it is an active choice to make monthly allocations instead of annually, or to hold a 60/40 versus glide-path).

    Second, there are some newer indexes (indices for those of us who went to college) that fix one or the other of your two concerns. Example, VT is a global cap weighted index that completely ignores country of origin and lets the pieces fall where they may. The other example being equal weight indices.

    By my estimation of this articles intentions, one could sort of play the middle ground with an equal weight wilshire 5k etf. Representing 99% of the US market cap, this would eliminate your concern about how committees select index constituents and the equal weighting would eliminate your concerns about cap weighting value.
    May 12, 2013. 05:58 AM | 1 Like Like |Link to Comment
COMMENTS STATS
202 Comments
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