mutualfundobserver.com - Mutual Fund Observer | .. a site in the tradition of Fund Alarm

Description: Mutual Fund Observer is a non-profit, non-commercial site which provides fund managers, financial advisers and individual investors with research, analysis, data and commentary on innovative, independent new and smaller mutual funds.

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Dear friends,

Nominally Chip and I reside in the Quad Cities, whose t-shirts describe them as “twice as nice as the Twin Cities.” It’s a lovely and surprisingly diverse urban area with about 450,000 people and an agglomeration of two dozen small cities and towns. Half of us reside in Illinois, just south of the Mississippi River, and half in Iowa, on the river’s north bank.

The Mississippi River actually flows from east to west here. Recently, though, it has been flowing east, west, north, south, and, more than occasionally, up. As I write, the Mississippi is cresting at 22′, about five feet above the level at which we declare a major flood. People in Davenport take notice. That’s one Continue reading →

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