Recent content by ahofer

  1. ahofer

    The wealth-building thread

    This is still a risk worth emphasizing when you think about how portfolio gains arrive over time. Your investments on which you've sold covered calls will be called away when they go on a tear (as one's winners generally do...). You can leave a fair amount of portfolio gains on the table that...
  2. ahofer

    Allo Boss2 review: superb budget audio streamer (video)

    I have never heard the Boss2, sorry
  3. ahofer

    ABX Blind Test and Level Matching

    I'd say start with white noise and a db meter first to determine a volume adjustment setting between the amps and just do an A/B test. It wouldn't nearly pass strict scientific scrutiny, but in my experience it was enough to be a revelation of what I could and couldn't hear. If you hear the...
  4. ahofer

    Tube Amp with the "Good Kind of Distortion"

    While not using tubes, I'd say Nelson Pass has devoted his career to designing amps with certain, apparently desirable, distortion profiles.
  5. ahofer

    The wealth-building thread

    Interesting choice of towns, that's where my son just bought a house (in the pandemic) with his new bride. Lovely place.
  6. ahofer

    The wealth-building thread

    I just ran that Fund's performance on Bloomberg - the vast majority of its outperformance came in the last two years. This goes to *persistence* of outperformance, something academics repeatedly find doesn't exist in equities. Compressed outperformance can be a warning. Here's a good place to...
  7. ahofer

    The wealth-building thread

    sorry, that is just incorrect, it is entirely possible randomly. And, again, wrong benchmark
  8. ahofer

    The wealth-building thread

    The form of evidence is that the vast majority of active large-cap equity funds underperform their respective indexes (note that you are comparing products with different opportunity sets in your post). Outperformers are actually fewer, interestingly, than might occur randomly, but make more...
  9. ahofer

    The wealth-building thread

    I agree. I'm just stating the claim more strictly. Did I imply otherwise?
  10. ahofer

    They say speaker cables do not matter ..

    There are a LOT of snake oil merchants in this business. I would not put Nelson Pass in that group. He does sell *intentionally colored* amp designs, but he is transparent about engineering for that result. He also made some obtainable and solid amp designs for Adcom*, so good on him. Some...
  11. ahofer

    The wealth-building thread

    been there, done that. You have my sympathies.
  12. ahofer

    The wealth-building thread

    I'm afraid there isn't enough evidence for this across managers, he's an outlier. I dearly wish durable alpha were more possible in large cap stocks, but there just isn't good evidence (the type, for instance, we would accept in a blind test) that they can.
  13. ahofer

    They say speaker cables do not matter ..

    I have done speaker cable blind tests. I just had my son re-wire the system and not tell me which cable he ran. Much easier than other electronics since level-matching is not an issue. I suppose I could also have invested in a switching box, and having rapid switching might have improved my...
  14. ahofer

    DSD is better than PCM!

    Another avuncular craptacular.
  15. ahofer

    Audio Reviewer Becomes Distressed When his Blind Test Fails to Show Expensive USB Cable is the Best

    OMG, that's just awful. It's like someone getting punched in the face three times and still claiming he's not being abused. Also, who, exactly, "doesn't believe in cables"? I've got a bunch lying around here that seem real enough. It's more the obvious test evidence that seems hard for some...
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