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Post by chang on Sept 4, 2022 17:59:42 GMT
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Deleted Member
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Post by Deleted on Sept 4, 2022 18:17:11 GMT
correlation is not causation
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Post by steadyeddy on Sept 4, 2022 20:18:15 GMT
Highly successful people might equate "sense of self-worth" with "success"... just my opinion. At any rate, sad news and all suicides are sad. |
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Post by ECE Prof on Sept 4, 2022 21:41:31 GMT
"The incident occurred less than two weeks after the executive, 52, was named in a federal class-action lawsuit on allegations of federal securities fraud, insider trading, and breach of fiduciary duty, according to court documents."
It seems that he committed suicide out of shame. I have no sympathy for such people. Get over it.
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Post by Norbert on Sept 5, 2022 9:20:47 GMT
I didn't know that de Vaulx had committed suicide. Pathetic. I read these comments by two "sources":
“IVA was an embodiment of de Vaulx’s personality and when it began to unwind, he took it personally," a source close to de Vaulx old New York Post.
“Charles was a complex man with a lot of hubris who felt he failed in his mission of value investing and lost his raison d’etre,” another source added.
No, obsession with investing styles isn't the way to go. But, what bothers me most about these two suicides are their decisions to jump out of high NYC windows ... never mind that they could have easily killed an innocent pedestrian. Better to end things jumping off a remote cliff somewhere. Or, to overdose on sleeping pills.
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Post by steelpony10 on Sept 5, 2022 10:30:29 GMT
No note, said nothing to his wife is what I saw. Hmm…….
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Post by chang on Sept 5, 2022 12:41:18 GMT
Norbert Agreed. Every experienced value investor knows that his approach requires patience, and even then he can be wrong for years or decades. De Vaulx was smart, and did well at First Eagle, but value just succumbed to growth about 10 years ago. I owned IVWIX and made a little money in it, but eventually I sold it and jumped on the LG bandwagon. De Vaulx liquidated his fund when it still had a huge asset base, and could have taken actions to turn things around. It was never nearly as bad as, say, Longleaf Partners. Or he could have just called it quits and said, "well, I got it wrong; that's all folks … I'm going to quit here, buy myself a nice tropical island somewhere in South East Asia, and chill on the beach. Maybe go back to school and get a degree in music, or mathematics. Or teach French to schoolchildren. Or breed toucans, or Rottweilers. Whatever, I'll think of something." But apparently he couldn't live with failure running a mutual fund. Really sad.
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Post by retiredat48 on Sept 5, 2022 16:53:52 GMT
To me, the interesting part is: Did Value Investing fail during this period?
Compared to growth, it clearly lagged. But was it bad? An investor got dividends and a positive total return. Why does it have to stand the test of comparison along side growth.
For instance, if growth goes no-where the next decade, and value returns 5% a year, is this now a huge victory for value? Or if growth returns 12% annually the next decade, is this a huge defeat for 5% annually value??
For many retirees, value did its job just fine the last decade.
R48
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Post by Chahta on Sept 5, 2022 19:07:29 GMT
As I recall the CEO quit Target a few years back to join BB&B and try to revive the company.
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Post by FD1000 on Sept 6, 2022 12:37:02 GMT
I owned SGIIX for about 10 years until 2009-10, and then IVWIX for only several months because it lagged.
I find it funny that most employees are getting fired on minor mistakes but upper management keep their job while doing terrible stuff after they lecture everyone else what to do.
R48, extra income doesn't compansate for lagging performance. It's only an excuse holders use.
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Post by Capital on Sept 6, 2022 12:52:48 GMT
FYI BBBY down 14% in Pre-market
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