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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1931)	9/21/2014 8:39:01 PM
From: ETF1	Respond to of 26584

OK thanks. I didn't catch the warrants. My belief is for competitive reasons, they won't tell you what is in the fund until they have to. I believe there are sites like "Guru Focus" that follow the fund manager and try to estimate how their portfolios are doing. I agree fully. They wait to disclose until the date required by the SEC. And you're right about "Guru Focus". If someone was trying to get an earlier idea of what stock was sold or bought, that would be a reasonable way. You'd be looking at it one stock at a time that way. You'd have to do some work to "piece together" the portfolio. It would just be an estimate.

To: Kirk © who wrote (1931)	10/1/2014 2:57:47 PM
From: ETF1	Read Replies (2) \| Respond to of 26584

Investors in the Fairholme Fund, time to put your seatbelts on. Prepare for a shock when you look at the total return for today, which is usually available within a few hours after the market close. Fannie and Freddie (common stock plus preferreds) reportedly make up about 15% of the Fairholme Fund, and they are being taken to the cleaners today. My wild guess: I believe we could see the Fairholme Fund (ticker FAIRX) down 5% or more. That would be an incredible one day hit for a mutual fund. The manager, Bruce Berkowitz, won the Morningstar Domestic Stock Fund Manager of the Decade award in 2010, for the decade of 2000-2009. This is going to be interesting.