Comments on Fund My Mutual Fund: Another Bottom Call on Financials - this Time Even...

Not really TA, but just an expectation on reversio...

2008-08-24T10:27:00.000-04:00

Not really TA, but just an expectation on reversion to the mean. If you got a batter that normally hits 0.500 and the past month, he's hitting 0.200, it is reasonable to expect outperformance to get back to the long-term average.

http://lcmarket.blogspot.com/2008/08/tough-quarter-so-far-for-ken-heebner.html

That amount makes more senseMaybe Legg Mason stock...

2008-08-22T15:52:00.000-04:00

That amount makes more sense

Maybe Legg Mason stock is a good short off that info hah

Yes you are investing in the human; the name of the fund is just the fancy wrapper

Problem is at many funds they co-manage so when someone leaves you don't know if that was the one giving the dogs or the treats. And other funds they rotate people in every few years. So people could buy the name, but that person has already moved on to another fund at the family or out of the family and onto greener pastures.

I am surprised some of you guys use TA on mutual funds - I've never heard of such a thing until starting this blog. I am just trying to avoid the fate of my "triple bottom" as a reader pointed out to me.

I checked the bloomberg article and learned the $3...

2008-08-22T15:07:00.000-04:00

I checked the bloomberg article and learned the $37.4 billion in customer redemptions is for the entire Legg Mason family of funds rather than just Value Trust. Sorry for the error.

Also, to add to your note about Ken Heebner. I invest every month with him. Same day each month, same dollar amount generally. But if the NAV is below 30-day and 200-day moving average, I double the amount on the check.

His fund has taken a hit recently but this is nothing new to long-time investors with CGM. You can see this even back at beginning of 2008. These "valleys" don't last long.

Long-term investors in Heebner are not investing in the stock market, or companies, or commodities. We're investing in "da man". If the newcomers want to take their money and run, good riddance I say.