The price movements of closed-end funds are driven by several factors that may or may not have anything to do with the funds. The NAV movements can be used to find the factors that are driving the ...

Imagine you and a group of friends pool your money to buy a giant pizza. Each person contributes a certain amount, and the total cost of the pizza is divided among all of the members in the group. The ...

Vanilla investors fixate on price. We contrarians know better. It's all about the NAV. Net asset value, baby. Price is what people pay at a given moment. But people panic. Many like to buy high--and ...