Re: Evaluating Managed Funds
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Your IJR vs. SPY chart goes back all of 5 years. How about looking up the CAGR of the Russell 2000 vs. the S&P 500 for something more like 20 or 50 or more years and then getting back to us with your results?
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Maybe you could because I couldn't find said chart. I know you've read Fama and French. How do you reconcile them and other academics with all your SuperInvestor babble?
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FAIRX hasn't outperformed Mid Cap value Index, period.
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Right. So far. And you're free to extrapolate that out into eternity, and I'm free to believe that FAIRX will eventually win.
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My point was that everyone is blithering on and on about FAIRX, and it hasn't even outperformed the mid-cap value index (according to Morningstar). It has a big chunk in Big B and Baby B. For that we pay 1%. The reality distortion field emanating from this fund has old-school Soviet Bloc Ministers of Propoganda green with envy.
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It's bonus time on Wall Street and they are driving the market up in order to secure year end windfalls in their paychecks.
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Oh, my. You think their bonii are based on the stock market? I'll give you one more guess, and here's a hint: it starts with the letters M&A.
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Are you talking about Mergers and Acquisitions??
To blame the 4th quarter rally on anything other than Wall Street bonus hunting is pollyanna.
The sell-off has already started. Get real. Hundred's of millions in bonuses to be paid and the market has been flat. The Santa Clause rally is about bonuses and denying it is to deny water is wet.
The only buying and selling I want to do is annual rebalancing and tax harvesting. Otherwise I'll take my asset allocation with indexing across multiple asset classes with small/value tilt. Give me a side of PCRIX and International Small Cap and I'll never thirst nor hunger again.
SuperInvestors indeed.
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