August 31, 2009 –
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RELATED TICKERS: FOOLX
A quick update to my derisive post about the TMF-branded mutual fund: we have a little over two months in the bag, which in the daily-NAV world is enough for a back-of-the-envelope performance analysis versus the mooted competition, Vanguard's Total World Stock ETF (VT) [more]
July 02, 2009 –
This is hilarious. Abso-freaking-lutely sidesplitting. I'll put dollars to donuts you do better long-term in Vanguard's VT ETF with its 25 bps in fees. 110 basis points a year is a lot of ground to make up. These tasty TMF-Brand Frosted Flakes either will fail to perform, period, or will succeed only by taking on more risk than the index. [more]
January 16, 2008 –
Anyone who read my blog posts back when knows I believe CAPS's performance-measaurement metrics fundamentally to be broken. (Read back in the blog.) The question here is, why: why would folks smart enough to design such a fun little game use performance measures that so completely elide risk? There's a whole magazine named after risk. We're not talking little omissions.
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October 11, 2007 –
Stock goes from 160 to 80. Close short. Reshort. Repeat at 40, 20, 10, 5, 2.5 and 1.25. Stock reverse splits 1 for 40. Stock goes to 25. Close, reshort. Repeat at 12.5, 6.25, and 3.125.
Stock gets delisted.
You get 500 points from an underperform call.