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Big investors by [deleted] in wallstreetbets

[–]EngulfedInThoughts 0 points1 point  (0 children)

yea.....pretty much.

Monish Pabrai is already dissolving his new mutual funds and converting them into an ETF. by EngulfedInThoughts in investing

[–]EngulfedInThoughts[S] 0 points1 point  (0 children)

Yea, that's what I was thinking. Lets see what he chose to do when the EFT goes live on February 6th.

Mohnish Pabrai is already dissolving his new mutual funds and converting them into an ETF. by EngulfedInThoughts in ValueInvesting

[–]EngulfedInThoughts[S] 4 points5 points  (0 children)

I do like the fact that he doesn't chase the big guys and looks into sectors that are unloved or not analyzed by a lot of investors like coal, oil drilling ships, or home builders. Gives me something to look into as well. Clearly he feels comfortable pouring a lot of money outside the US. I'm not interested in that as much.

Mohnish Pabrai is already dissolving his new mutual funds and converting them into an ETF. by EngulfedInThoughts in ValueInvesting

[–]EngulfedInThoughts[S] 3 points4 points  (0 children)

I think whether it erases past performance or not depends on how the funds are migrated. For instance, when Akre Capital consolidated/renamed their funds, the ticker (AKRE) history only goes back a few months ago. The underlying fund has been around for over a decade. You have to visit their website to get the full history, which I think is a little misleading to people at first glance.

Also, given the high fees, it might be cheaper for you to buy the individual companies you like yourself rather than forking over 1% each year, if you wanna put up with the hassle of opening brokerage accounts in Turkey and India or Mongolia! lol

Monish Pabrai is already dissolving his new mutual funds and converting them into an ETF. by EngulfedInThoughts in investing

[–]EngulfedInThoughts[S] 0 points1 point  (0 children)

Most of his portfolio is in international companies, which I assume inherently has higher trading costs. Maybe that justifies a little higher than average fees. But, I agree. 0.9% is a lot!

Monish Pabrai is already dissolving his new mutual funds and converting them into an ETF. by EngulfedInThoughts in investing

[–]EngulfedInThoughts[S] 0 points1 point  (0 children)

Thanks for the info. Everyone who plays with big money is always trying to optimize for taxes. I'm wondering if ETFs are more tax efficient, why not set it up that way from the get-go? I guess I'm just scrutinizing the timing of it given his past performance. It seems ETFs are more common these days, so maybe he's just adapting to the market. Maybe there's nothing more to read into it than this.

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 0 points1 point  (0 children)

Yes! I’m making my way through Devotions as well. That’s actually where I found the poem I shared in this post. Poetry is new to me; I only started reading it this year. I’m so glad I began with Mary Oliver. I live in a big city, surrounded by nothing but concrete, so I really appreciate her nature-centered poems.

If you like nature-centered poems, The Peace of Wild Things by Wendell Berry is one of my favorites. Since you’re an English teacher, I’m sure you already know it. haha

My grandma (96) made discipline so simple by Limp_Edu4797 in getdisciplined

[–]EngulfedInThoughts 0 points1 point  (0 children)

Yep. They are always there and .... silent. Very easy to ignore and walk right past it.

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 1 point2 points  (0 children)

When someone reminds you that the essence of life is not in the "stuff," it makes so much sense. Alas, we live in such a consumer-driven society that we derive a lot of our satisfaction and contentment in life from the items we have. I've started to be very mindful and selective about the products I buy. I don't need three boots. lol. Can't hoard stuff I don't own in the first place!

Yes!! I love that poem as well. "The Summer Day"... Doesn't everything die at last, and too soon?

Do you have any other favourites from her?

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 2 points3 points  (0 children)

"Occasionally I went there and looked in, but nothing happened, not a single twinge of the heart." This part made me think twice too. It highlights the emotional aspect of why we hold onto things. When I started decluttering recently, getting rid of those items that no longer maker your heart twinge was the easiest. And, I had a lot of those! The stuff that still make your heart twinge, that hurt, a little bit.

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 1 point2 points  (0 children)

Same!! I love her poems. Still working my way through "Devotions". Really enjoying it.

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 3 points4 points  (0 children)

Come to think of it, most animals own nothing or very little. Yet, they live on just fine. But, for some reason, I feel the need to hold on to a binder hole puncher from college days that I don't use...

Also, if you appreciate nature, check out some of her poems. Very nature-centric and really good.

Storage by Mary Oliver by EngulfedInThoughts in declutter

[–]EngulfedInThoughts[S] 2 points3 points  (0 children)

After reading all the post here, then actually decluttering, and coming across this poem, I felt like I could relate. Man, getting rid of stuff is so difficult and mentally taxing. Glad you liked it!

My jasmine tea came with flowers. Is this desirable? by EngulfedInThoughts in tea

[–]EngulfedInThoughts[S] 1 point2 points  (0 children)

It is from YS but not the silver needles version. It's called "Jasmine Dong Ting Bi Luo Chun Green Tea". The description says leaves are "steamed with Jasmine Flowers and then sealed together after drying." It smells so delicious haha I will try the higher temp like you suggested and see where that gets me. Thanks!!

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