Search found 1941 matches

by matjen
Tue Nov 13, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: AQR's Cliff Asness – The Past, The Present & Future of Quant
Replies: 5
Views: 546

AQR's Cliff Asness – The Past, The Present & Future of Quant

Hot off the presses. A new podcast featuring the "Man this Board Loves to Hate," the one and only Cliff Asness. The world's second best proponent of Boglehead investing IMO. Top 5 for sure. I look forward to all the "but he is a billionaire" and "the prospectus says Zzzzzzz..." posts. :P Cliff Asnes...
by matjen
Mon Nov 12, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Bitzer wrote:
Mon Nov 12, 2018 3:54 pm
There are some sizable declines across the board in the stock market today. I'll be interested see if QSPIX will be up for the third day in a row.
+.52%
by matjen
Mon Nov 12, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Swensen - Why does he recommend Emerging Markets and Developed Markets for Int'l?
Replies: 22
Views: 3007

Re: Swenson - Why does he recommend Emerging Markets and Developed Markets for Int'l?

The Yale Portfolio is not doing well compared to The Three Fund Portfolio at Market Watch Lazy Portfolio’s. We have been in a domestic large cap environment. Once again, the particular Lazy Portfolio using a 3-Fund approach (The 2nd Grader Portfolio) happens to be 90% equities and the Yale Portfoli...
by matjen
Sat Nov 10, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 167
Views: 11517

Re: A reminder: Stay away from AQR

Let me say one more thing. The HFT company I worked for invested ONLY the owner's money. He was making enough off his algorithms that he had no need for investors or revenue from "fees". That, in my mind, tells me he's winning the quant fight. In my opinion, when an investment strategy is finally o...
by matjen
Sat Nov 10, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 167
Views: 11517

Re: A reminder: Stay away from AQR

1. The underlying series to MTUM had a momentum load not too dissimilar to the AQR Momentum Index series and the Fama-French Large Cap Momentum series. From an earlier analysis I posted almost 4 years ago, momentum loads were +0.32, +0.38, and +0.37 respectively. January 1980-November 2014 Alpha / ...
by matjen
Sat Nov 10, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

If QSPIX has "pre tax equity like expected returns" than the S&P 500 would be an appropriate benchmark, not the "three month Treasury bills" AQR uses. I want to pin you down Nisi on why you would select the S&P to represent all of equities? Is that appropriate or is that just the best performing eq...
by matjen
Fri Nov 09, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

QSPIX has been up nicely in the last couple of days. I wonder if it will finally do what it is supposed to do? Yes, I know two days doesn't mean much of anything, but it's still nice to see after all these years of waiting. I'm not sure what you expect but the fund has matched a globally diversifie...
by matjen
Fri Nov 09, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 167
Views: 11517

Re: A reminder: Stay away from AQR

However, it's positive exposure to momentum is at least as large or larger than its negative exposure to either value or size (depending on whether you use the F-F factors or AQR factors). Am I reading it wrong because your link suggests .24 MOM, -.24 size and -.27 Value. If you look at something l...
by matjen
Fri Nov 09, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 167
Views: 11517

Re: A reminder: Stay away from AQR

Even other index constructions, and much less sophisticated....in this case for cross sectional momentum, do much better by using a slightly modified version. Check MTUM for 0.15%. H Well, that's because MTUM is hardly momentum at all. It's just MARKETING as you are so fond of pointing out. Wes Gra...
by matjen
Fri Nov 09, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: A reminder: Stay away from AQR
Replies: 167
Views: 11517

Re: A reminder: Stay away from AQR

This is fun. Now do Vanguard Total International Stock Index Fund Investor Shares (VGTSX) and for a way longer time frame I might add than the (couple perhaps) popular AQR strategies/funds on this board. What kind of fool would put a chunk (much larger than almost anyone is putting into AQR strategi...
by matjen
Sat Nov 03, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Model 3 Mid-Range or Volt
Replies: 21
Views: 1604

Re: Model 3 Mid-Range or Volt

OP, if you live in the handful of states where Hyundai is rolling out the Kona, I would wait for this before committing in this space. Coming in weeks. 2019 Hyundai Kona Electric: Good EVs Are No Longer Shocking https://www.wsj.com/articles/2019-hyundai-kona-good-evs-are-no-longer-shocking-154109314...
by matjen
Fri Nov 02, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: David Swensen Unconventional Success
Replies: 97
Views: 8469

Re: David Swensen Unconventional Success

I'm a big Swensen fan. FWIW, in March 2009 he gave an interview to the Yale Alumni magazine and adjusted his portfolio a bit. Today, Swensen says, economic conditions might call for a modest revision. He now recommends that investors have 15 percent of their assets in real estate investment trusts, ...
by matjen
Wed Oct 31, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Model 3 Mid-Range or Volt
Replies: 21
Views: 1604

Re: Model 3 Mid-Range or Volt

I would throw a Honda Clarity into the mix as well OP. Very similar to a Volt but seems way more practical.

https://www.caranddriver.com/honda/clarity
by matjen
Mon Oct 29, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Interesting thoughts on the big picture: https://www.ben-evans.com/benedictevans/2018/8/29/tesla-software-and-disruption I generally agree with Ben Evan's take on this space. He has written a few times on Tesla. I read this when it came out and just scanned it quickly now but his general posture is...
by matjen
Sun Oct 28, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3882

Re: Second thoughts about munis (wsj article)

A somewhat similar comparison can be made between another public fund and VWIUX. Baird Asset Management has some funds which are mainly in pre-refunded* and otherwise very high quality muni's. Their fund BMBIX is somewhat similar to VWIUX though a bit shorter http://www.bairdassetmanagement.com/bai...
by matjen
Sun Oct 28, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 89
Views: 12850

Re: DFA Retirement Income Strategies

Well you don’t buy it obviously unless your employer offers their funds in your plan. DFA access can be had for as little as 1k a year (what I pay) for your household via FPL. See if they have access to these particular funds. Let us know what you discover.

https://www.fplcapital.com/
by matjen
Sun Oct 28, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Enjoy OP! :sharebeer
by matjen
Sat Oct 27, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: David Swensen Unconventional Success
Replies: 97
Views: 8469

Re: David Swensen Unconventional Success

Has anyone implemented the Yale investment portfolio personally? In reviewing the Marketwatch Lazy Portfolio's the Three Fund Portfolio is ahead of everything for all time periods. My surprise is was how far ahead the Three Fund Portfolio is. Taylor has always written about the many benefits of the...
by matjen
Fri Oct 26, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Hard Pass - "An unequivocal rejection with no possibility of a later change of mind."

I saw something earlier about Ellison saying Musk should n't be criticized and he sees lots of upside. Something to that effect.
by matjen
Fri Oct 26, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

matjen and dan moany, Perhaps one of you could post a link to what Larry Ellison said about the company? He seems really smart, tech savvy, insightful, successful. Please, find and post that link! Hard pass. :D How Silicon Valley got played by Theranos The author of Bad Blood says Theranos is a “ca...
by matjen
Fri Oct 26, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

No deal! Listen people, I don’t write the articles at Consumer Reports or LA Times or Edmunds or WSJ. I just bring them up. It is an amazing story that is constantly evolving. I think they are relevant. Just as jdb thinks his son’s profession is relevant to this discussion. :P I mean, good God, the ...
by matjen
Thu Oct 25, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Have Model S 6 years and Model X three years. By far most enjoyable cars we have ever owned. Physician son and his wife have Model 3 in Cincinnati. They love the car. Suggest getting dark blue. Good luck. The best part of these Tesla threads is that I can always count on jdb reminding us that he ha...
by matjen
Thu Oct 25, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Say what you want but the above post proves its is brainwashing or worse. You are apparently comparing your new, 120k car to a 1980s Buick Century. Tesla people do that with the gamed safety stats as well fyi. Modern nice cars require oil changes like every 10-15k miles using synthetic oil. You can ...
by matjen
Wed Oct 24, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: 32M burned out from active investing
Replies: 28
Views: 3730

Re: 32M burned out from active investing

Leesbro63 wrote:
Wed Oct 24, 2018 7:16 am
I thought this was a post about someone who had $32m.
Ha, I did as well. :happy
by matjen
Fri Oct 19, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 107
Views: 10703

Re: $34k Volt vs $54k Model 3?--help me decide??

I'm EV crazed enough that I'd probably be OK with the i3 REx road trip scenario, at least regarding how often stops are required. I don't really like driving more than a couple hours nonstop. I'd keep a 2.5 gal gas tank in the frunk and get 70-ish miles battery + 70 miles REx + 70 miles after REx r...
by matjen
Thu Oct 18, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Baird Intermediate Muni vs Baird Short Muni
Replies: 3
Views: 290

Re: Baird Intermediate Muni vs Baird Short Muni

I don't know about this RNJ. It seems to me that the Vanguard Muni funds are also "A" like BTMIX. Point being that what makes BMBIX so unique is how relatively safe it is. The advanced refunded percentage is way lower in BTMIX as well. So you go from AA to A and from 54.65% Advance Refunded to 16.65...
by matjen
Wed Oct 17, 2018 6:54 am
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 107
Views: 10703

Re: $34k Volt vs $54k Model 3?--help me decide??

I would keep the current Volt and in a couple years there will be whole new host of longer range EVs from Hyundai/Kia all the way up through Audi and Jaguar. This is kind of my thought as well. This is what I would do as well. For instance,in a few months you will be able to get one of these for ar...
by matjen
Sat Oct 13, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

investor997 wrote:
Fri Oct 12, 2018 6:26 pm
WHOA - Tesla just called me and they said they'll have my car ready for delivery the Monday after next. Bam!
Demand is nearly satisfied...

Enjoy the ride!
by matjen
Wed Oct 10, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

The I-Pace is slower around a track. https://www.motortrend.com/cars/alfa-romeo/giulia/2019/tesla-model-3-vs-jaguar-i-pace-vs-alfa-romeo-giulia/ It's also somehow uses more energy than a Model X even though it's the same size as a Model 3. https://insideevs.com/efficiency-jaguar-i-pace-falters/ My ...
by matjen
Wed Oct 10, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1566

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Thanks for posting this summary BobK. Much appreciated. :beer
by matjen
Wed Oct 10, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

That's too bad b/c the NHSTA propaganda you put forward is false also. Typical TESLA baloney. Tesla Inc (TSLA.O) claimed its Model 3 electric car has the lowest risk of occupant injury of any vehicle in U.S. government tests, but the National Highway Traffic Safety Administration on Tuesday said th...
by matjen
Tue Oct 09, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

(I'm tapping out) That's too bad b/c the NHSTA propaganda you put forward is false also. Typical TESLA baloney. U.S. agency says Tesla safety claim goes beyond its analysis https://www.reuters.com/article/us-autos-tesla/u-s-agency-says-tesla-safety-claim-goes-beyond-its-analysis-idUSKCN1MJ2HR Tesla...
by matjen
Tue Oct 09, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

OP, Even keeping the budget concerns aside, you were looking at $40k cars earlier and now are looking at $70k Tesla after test driving it. Before jumping into it, have you test driven other cars in the Tesla price range? Yes, you liked it compared to other $40k cars, but to decide if it is actually...
by matjen
Tue Oct 09, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Uhhhh, really? The Tesla Model 3 was the 4th best selling car in the US last month and outsold Mercedes this last quarter and is nipping at the heels of BMW. https://www.forbes.com/sites/jeanbaptiste/2018/10/09/tesla-outsells-mercedes-benz-in-america-and-bmw-is-next/#2ddb494d7562 https://insideevs....
by matjen
Tue Oct 09, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

I have a new way to talk you out of purchasing a Model 3 Performance OP. Elon Musk kind of hates the very premise of this board. Passive investing. He also shows his ignorance. Why reward him. ;-) Also, you'll be supporting a visionary and possibly one of the greatest thinkers of our time. There are...
by matjen
Mon Oct 08, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Ignore all the negative news you see out there. There are lot of big money games being played by wall street to manipulate the stock price and they have way of controlling the news you see out there. This is a parody right? I mean you are making fun of the cult right? No? Well just to be clear ELON...
by matjen
Mon Oct 08, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19054

Re: Talk me out of buying a Tesla Model 3

Think about the long term experience with a Tesla Model 3 not just a 15 minute drive. 1) They are horribly made. Take a look at the True Delta figures since Tesla won't give info to JD Power like the rest of the industry...wonder why that is? Tesla is way worse than the other brands (not just Toyota...
by matjen
Thu Oct 04, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Bloomberg - Cliff Asness Interview
Replies: 22
Views: 2032

Bloomberg - Cliff Asness Interview

A nice interview with Cliff Asness from AQR. Quant Investor Cliff Asness Hasn’t Smashed His Screen This Year—Yet The billionaire chief of AQR Capital Management is having a lousy 2018 with the $226 billion he's running. He says factor-based strategies can still prevail. https://www.bloomberg.com/new...
by matjen
Sat Sep 29, 2018 3:33 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10797

Re: SEC charges Musk with Fraud!!!

Warren Buffett claims that when you are long term holder of stock you are happy to see it go down in value cause can buy more cheaper. I like Warren and I like Tesla, a great American company, this is a good buying opportunity in the making, though I am patient to wait for further dips. Last time b...
by matjen
Fri Sep 28, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10797

Re: SEC charges Musk with Fraud!!!

Matt Levine at Bloomberg has a pretty thorough article on it. Unbelievable that people on this site were actually taking the “funding secured” seriously. Hero worship. Musk’s Tesla Fun Does Not Amuse SEC https://www.bloomberg.com/view/articles/2018-09-28/musk-s-tesla-fun-does-not-amuse-sec It only g...
by matjen
Tue Sep 18, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Simple Factor Investing
Replies: 46
Views: 4599

Re: Larry Swedroe: Simple Factor Investing

Random Walker wrote:
Tue Sep 18, 2018 9:03 am

I thought this thread would get more traction.
Dave I still can't get access to the article for some reason so that is keeping me from chiming in with my "Taylor Swedroe Portfolio!"

viewtopic.php?t=250534&start=50#p3953102
by matjen
Tue Sep 18, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 62
Views: 5216

Re: Any reasons to not put money down for a Tesla Model 3?

For those who think that Tesla opening up a handful of in-house repair shops is a magical fix to an ongoing problem this article will open your eyes to the real issue. It's not that body shops can't fix Tesla bodies, it's that Tesla is so underfunded and unorganized that they don't have parts availa...
by matjen
Sat Sep 15, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 62
Views: 5216

Re: Any reasons to not put money down for a Tesla Model 3?

As from the article, there have been problems along the way, but to extrapolate out by assuming the worst might not be the best way to make a decision, so just be aware that things are in flux leading to a wide range of experiences. Uncertainty is a reasonable concern and people can decide if that'...
by matjen
Fri Sep 14, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 62
Views: 5216

Re: Any reasons to not put money down for a Tesla Model 3?

I would urge anyone considering buying a Tesla in the near future read this. Then read it again. No matter how well the car may drive or how cool it may be, there is more to it than just plunking down 50k-60K for a car. That car needs to be delivered, that car needs to be serviced, that car needs to...
by matjen
Sat Sep 08, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: It is dangerous to try and beat the market.

While expensive, this fund is supposed to not correlate much with stock market. Swedroe seemed to like it. You can get into this fund in a Fido IRA for $2500 minimum. otherwise $5 M minimum in taxable account. I am considering allocation of my IRA to this. yesterdaysnews: In 2015, when you wrote yo...
by matjen
Fri Sep 07, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Vanguard includes a footnote because they think it's something investors ought to know, and want to know, but it is not the expense ratio . It's just an interesting number in a footnote. It's the expense ratio minus something, it's not the expense ratio. If you want to say "the expense ratio for VM...
by matjen
Fri Sep 07, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Marcopolo, you are late to this thread and as far as I am concerned Nisi is being incredibly narrow. There were long discussions about the ER and what matters to most is what they are paying. If a car has a list price of 30K and you buy it on sale for 27.5K do you tell people you paid 30K for your ...
by matjen
Fri Sep 07, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Marcopolo, you are late to this thread and as far as I am concerned Nisi is being incredibly narrow. There were long discussions about the ER and what matters to most is what they are paying. If a car has a list price of 30K and you buy it on sale for 27.5K do you tell people you paid 30K for your n...
by matjen
Fri Sep 07, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Nisi I was referring to QSPIX (which is the thread title after all and referred to in my post). There has been a long history about the ER on it. Lackey mentioned as well. Check footnotes for net. 1.5 or 1.6 https://www.bogleheads.org/forum/viewtopic.php?t=167241&start=1300 PS. If you read the Asnes...
by matjen
Fri Sep 07, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1471
Views: 210784

Re: QSPIX - thoughts on interesting fund

Rather than focus on Larry (who I admire and has been a valuable resource to this forum), I would rather focus on QSPIX! Cliff Asness/AQR just came out with something FWIW. Liquid Alt Ragnarök? https://www.aqr.com/Insights/Perspectives/Liquid-Alt-Ragnarok In short, don't fall for the FUD from critic...