…focus on TST. Activist shareholder, who buy large stakes in companies and demand changes, often write over the top letters and this one was no different. In the letter (found…
…called a closed-end fund that has a fixed number of shares and trades in the market. The prices often trade at a premium or discount to the stated value of…
…to 28.4 for the S&P 500. That’s right, a full 60.8 percent of the companies in ARK are losing money. That makes some sense because many of these companies are…
…that invests in convertible bonds. Convertibles, or converts, are bonds issued by companies that can be converted to the company’s stock under certain conditions. Next, we see the yields for…
…for 40 Years.’ The article highlights the performance of The Nicholas Fund (ticker: NICSX), a $3.6 billion mutual fund run by Albert Nicholas, who started the fund in 1969. The…
…Fund fared poorly by looking at ‘Investor Returns’ that Morningstar calculates by incorporating flows in and out of the fund. While the fund earned 7.47 percent, just below the S&P…
…tilts that approximate the value fund in question and it turns out that the index fund portfolio earned more than one percent annually more than the fund. Essentially, I found…
…does the same thing for taxable, investment grade bonds, the MSCI EAFE tracks non-US stocks and the CRB Commodity Index follows commodity futures. Unlike stocks, bonds or commodities, hedge funds…
…annualized rate of -2.41 percent per year. Any guesses as to how long it takes you to recover from the underperformance and start to outperform? Nineteen years. The microcap fund,…
…usually have maturities of three years. The insurance company pays the bond holder a coupon and if there is no catastrophe, the bond holder gets their principle back. Of course,…
