Become a Member

written by reader Why outsource (to guys like Loeb) when you can do it yourself for less

By dweiss60, August 28, 2013

Hi Travis, I think your newsletter is great and like your general analytical approach – I don’t agree w you on this group of stocks, mostly because you are effectively outsourcing on a high fee basis when you yourself are a good stock picker – as old Warren says, tough to make money long term relying on someone else –

I get that Loeb has a pretty good record, but don’t particularly like the fee structure, and think us small guys can do better on our own – for what it’s worth I have done better then he has over comparable time frames, and hope to cont. to do so – and making it easier for me I don’t have a 1/20 fee structure, and I can take big stakes in small companies, which he really can’t do –

Finally, perhaps the cheap float swings the balance in Loeb’s factor -but here I’d just say buy a couple high quality insurance companies around book, and you still benefit from the refresh of their investment book at higher rates, plus are likely to get better underlying insurance businesses – ORI and SAFT are two examples –

anyway, just my two cents on this particularly idea, look fwd to next month
best,
irregular subscriber, CFA, RIA

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info  
32
0
Would love your thoughts, please comment.x
()
x