Search found 6277 matches

by Fallible
Sat Oct 02, 2010 11:15 am
Forum: Personal Consumer Issues
Topic: Best Daily Newspaper for National (US) News
Replies: 68
Views: 9292

Favorites are the New York Times, Washington Post (it's got cartoons!!), WSJ and the Onion. But when forced to choose one, it's the NYT.
by Fallible
Fri Oct 01, 2010 10:48 am
Forum: Investing - Theory, News & General
Topic: The hazards of market analysis (cartoon version)
Replies: 8
Views: 1752

The Bob Mankoff cartoon (I think I saw it a few years ago) reminds me of another Mankoff cartoon in the New Yorker with a TV news anchor saying: "Bad news on Wall Street today, as the bottom fell out of the market, the sides collapsed, and the top blew away." (And that was in 2002!) Still another si...
by Fallible
Fri Oct 01, 2010 9:20 am
Forum: Investing - Theory, News & General
Topic: John Bogle admits to market timing in "Enough"
Replies: 75
Views: 8723

Re: John Bogle admits to market timing in "Enough"

I don't believe what John Bogle did was market timing, at least not by the strict definition of the term. I think it also helps if the entire paragraph on Pg. 237 is read, thereby restoring the context of his comments.
by Fallible
Fri Oct 01, 2010 8:40 am
Forum: Investing - Theory, News & General
Topic: Allan Roth's "Smart or Seduced"
Replies: 46
Views: 6132

Allan: I think you missed an excellent opportunity to provide a positive example to investors . IMO, you could have laid out the facts - then proceeded to tell others that you let your emotions get the better of you. You were seduced by stock picking and yield chasing, and you exceeded your play mo...
by Fallible
Thu Sep 30, 2010 4:30 pm
Forum: Investing - Theory, News & General
Topic: Great intervew in Columbia University. Regarding Index Funds
Replies: 6
Views: 1471

Buffett is great, another John Bogle. I know deep down he's a value guy, but somewhere in there is an indexer, a Boglehead!
by Fallible
Thu Sep 30, 2010 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Nisiprius' 10000 posts
Replies: 54
Views: 7568

Shortly after joining the forum earlier this year, I quickly found myself reading all new posts by Nisiprius, no matter whether I was interested in the subject. At first I looked for the intelligent investment advice, but then began to appreciate the overall thoughtfulness and all that it means. Tha...
by Fallible
Thu Sep 30, 2010 3:08 pm
Forum: Investing - Theory, News & General
Topic: Latest Bogleheads View Forbes Column
Replies: 7
Views: 2021

Re: thanks

Fallible, Kids continue to surprise me with how much they actually absorb from things going on around them. That has good and bad points but in this case it has turned out well. Laura Interesting comment, but, it doesn't really surprise me. I don't recall any extensive discussion I ever had with my...
by Fallible
Thu Sep 30, 2010 11:56 am
Forum: Investing - Theory, News & General
Topic: Allan Roth's "Smart or Seduced"
Replies: 46
Views: 6132

If Allan was seduced, he was awfully smart about it considering the due diligence he put in. Here's the part I thought was the crux of it all: "Putting a little gambling money in was fine, but getting greedy and buying more than your gambling portfolio allows goes against so many of your blogs." All...
by Fallible
Wed Sep 29, 2010 5:00 pm
Forum: Investing - Theory, News & General
Topic: Dare To Be Dull Investing by Allan Roth
Replies: 25
Views: 4110

Allan Roth wrote:I think I'll put this on my "to do" list. Thanks for the idea!
I suppose the idea about what would happen if everyone indexed would be "theoretical," but thanks for the interest and the reply!
by Fallible
Wed Sep 29, 2010 11:53 am
Forum: Investing - Theory, News & General
Topic: Latest Bogleheads View Forbes Column
Replies: 7
Views: 2021

Re: Latest Bogleheads View Forbes Column

Laura wrote:Here is a link to the latest The Bogleheads' View column on Forbes.
Wonderful follow-up to the previous column, which was one of the best I've read on kids and finances (what better way to explain and bring home the complex subject of taxes than the $9 allowance?).
by Fallible
Wed Sep 29, 2010 11:16 am
Forum: Investing - Theory, News & General
Topic: Bill Gross Investment Outlook
Replies: 37
Views: 4816

Re: Bill Gross Investment Outlook

Pretty negative outlook of future returns from Bill Gross. Hopefully, he is wrong. However, if he is right - then the prudent solution would to be lower future return expectations and save more . This goes for pensions and individual investors. Considering the future is unknown and unknowable, it s...
by Fallible
Tue Sep 28, 2010 5:18 pm
Forum: Investing - Theory, News & General
Topic: Who plans on NEVER retiring?
Replies: 51
Views: 6604

bob90245 wrote:Or how about a choice for just downshifting to part-time working until you die? :D Doesn't apply to me. But I know it does for some people I know.
Seconded.
by Fallible
Tue Sep 28, 2010 5:05 pm
Forum: Investing - Theory, News & General
Topic: Dare To Be Dull Investing by Allan Roth
Replies: 25
Views: 4110

What happens when everyone is dull? Who decides the price of things? Who would we be at the mercy of? I love this question. Not that it could ever happen, as it would go against millions of years of human nature, but I suspect: 1) If everyone were indexing then no one would buy or sell particular s...
by Fallible
Mon Sep 27, 2010 5:50 pm
Forum: Investing - Theory, News & General
Topic: Dare To Be Dull Investing by Allan Roth
Replies: 25
Views: 4110

If you want dull investing, you need a conservative and diversified portfolio. If you choose otherwise, make sure you can handle the occasional and inevitable "excitement". I think I could call my diversified index portfolio dull, but getting myself to stay with it over 23 years of crises, crashes,...
by Fallible
Mon Sep 27, 2010 5:36 pm
Forum: Personal Consumer Issues
Topic: The "explain your username" thread
Replies: 93
Views: 10301

Mine is a meta-name: "fluffy" was already taken when I registered. Since then the original "fluffy" has graciously offered me his/her name while becoming (I believe) "fluffythe1st", but being a boglehead I decided to stay the course. I've been watching for this one and was surprised. I thought mayb...
by Fallible
Mon Sep 27, 2010 5:18 pm
Forum: Investing - Theory, News & General
Topic: More Financial Crises in Next 10 Years: Roubini
Replies: 22
Views: 2961

It's always interesting, and with Roubini sometimes almost terrifying, to read of coming crises. But whether or not crises loom is not really the point for investors, is it? I mean isn't the point to understand the risks, accept them (or don't accept them and stay in "safe" accounts), and prepare fo...
by Fallible
Mon Sep 27, 2010 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider as very rich?
Replies: 122
Views: 17578

Anyone who earns more than $200,000 a year is clearly getting more than they deserve , regardless of how many hours they work or how long it took them to reach this level of earning potential. They are a drain on society and must be made to pay their fair share. To the barricades! Got a chuckle out...
by Fallible
Mon Sep 27, 2010 12:32 pm
Forum: Investing - Theory, News & General
Topic: Investment Skill
Replies: 70
Views: 9571

Re: Investment Skill

The bottom line is this. To me it is classic example of Pascal's Wager. If you believe there is skill and you choose active management you have small odds of success and the few winners tend to have small alphas, especially after taxes. And the far more many losers tend to have big negative alphas....
by Fallible
Mon Sep 27, 2010 11:48 am
Forum: Personal Consumer Issues
Topic: Are you going to see Wall-Street: Money never sleeps?
Replies: 46
Views: 6523

Some news: http://www.cnn.com/2010/SHOWBIZ/Movies/09/26/box.office.wall.street.ew/index.html?eref=mrss_igoogle_cnn Stone’s film topped what was out there, but considering this movie had the greatest publicity in the world - a global financial crisis whose effects are still being felt - it seems it ...
by Fallible
Sun Sep 26, 2010 7:54 pm
Forum: Personal Consumer Issues
Topic: Trying to find my way career-wise..
Replies: 19
Views: 2698

I have thought about this....My only real skills are cooking and landscaping. Restaurants are a cut throat business and I wouldn't want to open my only landscaping business. I have thought about a food truck type business, but I would have to travel quite a bit to reach my customers. It may be time...
by Fallible
Sun Sep 26, 2010 7:36 pm
Forum: Personal Consumer Issues
Topic: Are you going to see Wall-Street: Money never sleeps?
Replies: 46
Views: 6523

I plan to see it, but don't expect much, especially after reading a review by New York Times biz writer Joe Nocera, who said the movie was "not the fictionalized version of the financial crisis of 2008 that I expected." By the time I got through reading Nocera's interview with Oliver Stone, I had th...
by Fallible
Sat Sep 25, 2010 12:41 pm
Forum: Investing - Theory, News & General
Topic: 5 Lies About Index Funds
Replies: 62
Views: 9398

Can you further explain "tactical asset allocation strategies"? How would that differ from active management by the big funds? Advisors are taking "alpha generation" in-house rather than outsourcing it to a mutual fund company. During the 1990s, advisors tried to select actively managed mutual fund...
by Fallible
Fri Sep 24, 2010 2:39 pm
Forum: Investing - Theory, News & General
Topic: 5 Lies About Index Funds
Replies: 62
Views: 9398

Fallible, I heard a statistic at the Morningstar conference last week that was quite amazing. According to Tom Lyndon, an ETF observer and money manager, during the 1990s, about 90 percent of advisors were using long-term buy and hold strategies of active funds for clients. Today, according to Tom,...
by Fallible
Fri Sep 24, 2010 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Becoming a Landlord
Replies: 78
Views: 9877

I also agree with Larry Swedroe. Tenants can cause grief. As a former co-owner of rental property who experienced one of these tenants (in the business, they're known as "tenants from hell"), I know they can singlehandedly ruin your business. There are many ways to avoid them - and you will need ev...
by Fallible
Fri Sep 24, 2010 1:11 pm
Forum: Investing - Theory, News & General
Topic: 5 Lies About Index Funds
Replies: 62
Views: 9398

From "5 Lies About Index Funds": "Brokers in particularly are deeply set against index fund investing because they believe it’s very bad for their revenue stream." Not only bad for revenue, but it seems it could put some advisors out of business altogether. I've often wondered what would happen in t...
by Fallible
Fri Sep 24, 2010 9:32 am
Forum: Investing - Theory, News & General
Topic: Steven Pearlstein, market timer
Replies: 15
Views: 2193

It was always my understanding that the market can be successfully timed now and then (and with luck), but NOT CONSISTENTLY. Pearlstein hasn't shown, at least in this column, that he can do it consistently.
by Fallible
Thu Sep 23, 2010 1:10 pm
Forum: Personal Consumer Issues
Topic: Seeking stationary bike recommendations
Replies: 6
Views: 1473

I'm sorry you had to give up biking out and hope a stationary bike will help make up for that. I'm a longtime biker in my 60s and bike out and on an aging Schwinn stationary bike (not an Airdyne). Based on that and the experiences of other bikers I know, I would just say that, with your knee and bac...
by Fallible
Thu Sep 23, 2010 12:46 pm
Forum: Investing - Theory, News & General
Topic: Is the Recession Over for You?
Replies: 60
Views: 8044

I may be missing something here, but I wonder how anyone could NOT "notice a recession," even if they're looking only at their own individual experiences. For example, maybe their investments didn't lose money, but how can they be certain they wouldn't have made more money had there been no recessio...
by Fallible
Wed Sep 22, 2010 6:01 pm
Forum: Investing - Theory, News & General
Topic: Flash Crash Update 9/2010
Replies: 38
Views: 5316

Don't know about anybody else, but I felt a lot better after reading that Gregg Berman, head of the flash-crash investigation team, said (in today's NY Times) that "he had found no evidence of a deliberate attempt by anybody to disrupt markets." I never even considered that a realistic possibility....
by Fallible
Wed Sep 22, 2010 5:47 pm
Forum: Personal Consumer Issues
Topic: What kind of bicycle to purchase?
Replies: 131
Views: 16972

Re: What kind of bicycle to purchase?

Fallible Thank you for your thoughtful advice. I selected a comfort bike to purchase. I live in an area where the weather is conducive to riiding an outdoor bike year round. As for a stationary bike, the fitness center in my housing development has several which I can use whenever I want. I rhink y...
by Fallible
Wed Sep 22, 2010 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recommendations for High School Seniors
Replies: 32
Views: 4934

I think if they want to understand anything financial (or even otherwise), they'll need to understand how the brain works. If they understand that, at least insofar as it is now understood by scientists, they'll understand everything much better. I think the book for that right now would be Jason Zw...
by Fallible
Wed Sep 22, 2010 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do in this situation??
Replies: 38
Views: 4600

Re: What would you do in this situation??

You have identified your problems and you have asked the right questions - that's half your battle. Generally speaking, you can approach these problems either as a family or individually. Either way, it would help greatly if you could meet with a financial adviser. The problem, of course, is finding...
by Fallible
Tue Sep 21, 2010 4:42 pm
Forum: Personal Consumer Issues
Topic: Need recipes: Shaggy mane mushrooms are taking over my lawn!
Replies: 11
Views: 3017

Try an online search under "mushroom recipes" and you'll find lots of ideas (other than soup).
by Fallible
Tue Sep 21, 2010 4:28 pm
Forum: Personal Consumer Issues
Topic: What kind of bicycle to purchase?
Replies: 131
Views: 16972

Re: What kind of bicycle to purchase?

My doctor has recommended that I ride a bicycle for daily exercise. I am in my mid sixties, haven't ridden a bike for a number of years, and live in an area that is relatively flat ( and the roads are safe). No matter what bike you choose or where you get it (and you've had some excellent suggestio...
by Fallible
Tue Sep 21, 2010 4:07 pm
Forum: Investing - Theory, News & General
Topic: Flash Crash Update 9/2010
Replies: 38
Views: 5316

Don't know about anybody else, but I felt a lot better after reading that Gregg Berman, head of the flash-crash investigation team, said (in today's NY Times) that "he had found no evidence of a deliberate attempt by anybody to disrupt markets." And I like that he's a former physicist who once spent...
by Fallible
Tue Sep 21, 2010 11:39 am
Forum: Personal Consumer Issues
Topic: Toothache
Replies: 10
Views: 1440

First, see a dentist ASAP. The continuing pain probably means the problem will only get worse - and possibly more expensive to treat. Second, I recently read about individual dental insurance that is available as soon as one joins the plan. I have been trying to find this article, which I think was ...
by Fallible
Mon Sep 20, 2010 6:35 pm
Forum: Personal Consumer Issues
Topic: Allowances..........did you get one or give one now?
Replies: 52
Views: 6523

I set pins in a bowling alley - long before that task was automated. Wow, that brings me back to when I was a kid watching my mother and her friends bowl in a league - late 40s, early 50s. And I remember worrying about the guy setting the pins and whether he'd be able to pull himself out of the way...
by Fallible
Mon Sep 20, 2010 11:07 am
Forum: Investing - Theory, News & General
Topic: what's a financial advisor worth?
Replies: 147
Views: 17185

dbr, You are correct in that at times we do recommend that a person seek the help of a financial planner for in-depth information and recommendations on issues that we don't feel comfortable consulting on. Some people need a full financial plan before talking with us about investment planning. Othe...
by Fallible
Mon Sep 20, 2010 10:36 am
Forum: Personal Consumer Issues
Topic: Following sports closely...a distraction or healthy?
Replies: 124
Views: 12801

JupiterJones wrote:Of course, it could be argued that everything we do is really applied physics. I'm reminded of this cartoon:

Image

JJ
The stick figures and subject remind me of Randall Monroe's popular Webcomic, "XKCD." Is this one of his?
by Fallible
Fri Sep 17, 2010 12:07 pm
Forum: Investing - Theory, News & General
Topic: Get Rich Slowly article about the Bogleheads
Replies: 7
Views: 3626

Thanks for the link. The article's wonderful description of good conversation over good food reminded me of the great meetings of the MN Boglehead chapter I belong to, though our group numbers in the 30s. BTW, I was going to join friends for dinner at an Italian restaurant tonight, but after reading...
by Fallible
Thu Sep 16, 2010 5:10 pm
Forum: Investing - Theory, News & General
Topic: "5 Warning Signs of Bad Investing" (Allan Roth)
Replies: 16
Views: 4424

Wagnerjb wrote: I take the humility comment to refer to the humble acceptance that we cannot expect to beat the market.
I agree. But remembering many years ago when I first I realized one can't beat the market, it felt more like resignation than humility. It still feels that way.
by Fallible
Thu Sep 16, 2010 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement on Hold: American Workers $6 Trillion Short
Replies: 53
Views: 8115

taurabora wrote:I plan to die at 65, and not worry about retirement. Problem solved!
Reminds me of a Henny Youngman quote on retirement: "I've got all the money I'll ever need, if I die by four o'clock."
by Fallible
Thu Sep 16, 2010 12:19 pm
Forum: Investing - Theory, News & General
Topic: NY Times Special Retirement Section
Replies: 24
Views: 3764

Re: NY Times Special Retirement Section

Looking Ahead to the Spend-Down Years http://www.nytimes.com/2010/09/16/business/retirementspecial/16SAVE.html That was an interesting article. This part is both surprising and depressing: Cognitive Decline Half of people in their 80s suffer from either dementia or significant cognitive impairment ...
by Fallible
Thu Sep 16, 2010 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Fear - Ready to cash out?
Replies: 82
Views: 12831

Re: Fear - Ready to cash out?

Are any of you retired folks here worried as i am about your investments to the point of cashing OUT ? I'm concerned about many of the things you mention and I don't know where it's all headed. But I have no plans to cash out. Instead, the lessons I've learned in 23 years of investing are to make s...
by Fallible
Mon Sep 13, 2010 2:10 pm
Forum: Investing - Theory, News & General
Topic: Suggested Topics for our Forbes Column
Replies: 46
Views: 5939

Risk - what is it? I agree because the failure of way too many investors to understand risk and their risk tolerance is the main reason they buy high and sell low and fail in so many other ways as investors. What will it take to get them to understand risk? And to understand themselves so they know...
by Fallible
Mon Sep 13, 2010 1:37 pm
Forum: Investing - Theory, News & General
Topic: what's a financial advisor worth?
Replies: 147
Views: 17185

One, of many, problems in judging the worth of a financial advisor is that success depends on how well a good advisor and his/her client work together. There is so much involved in that relationship. Bad clients can hold back good advisors and vice versa. So when judging overall performance, you hav...
by Fallible
Mon Sep 13, 2010 1:30 pm
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8659

This was a new one for me, too. I've been going to the same dentist for over ten years and was confronted with the blood pressure cuff at my latest visit. Either some agency has set out a new guideline, or one of the patients must've had a heart attack sitting in the chair... I wondered this also a...
by Fallible
Mon Sep 13, 2010 1:14 pm
Forum: Investing - Theory, News & General
Topic: Maximum happiness requires an income of $75,000 per year.
Replies: 53
Views: 8247

Re: Sibling rivalry

H. L. Mencken once defined a wealthy man as one who earns $100 a year more than his wife's sister's husband. I think that would be a brilliant topic to research. Victoria I've read about it in "Predictably Irrational". But I am still puzzled how can I know either I am wealthy or not if my wife does...
by Fallible
Sat Sep 11, 2010 1:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Chairman McNabb on markets and investing
Replies: 4
Views: 1517

Says it all and it can't be said enough.

Thanks for passing it on.
by Fallible
Sat Sep 11, 2010 12:35 pm
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8659

Re: Blood Pressure Tips

One bp reading in dentist's office inadequate for making decisions, IMO. Dentist's office a high stress setting for lots of people, therefore not the best place to make decisions about bp, IMO. Thanks for this good information. Do you have any idea why some dentist offices are now taking BP reading...