A Wealth of Common Sense
NOVEMBER 25, 2022
Technology stocks make up nearly 24% of the S&P 500. And that number is probably understating things since many of the biggest companies aren’t technically in the tech sector. Amazon and Tesla are two of the biggest holdings in the consumer discretionary sector. Facebook, Google and Netflix are in the communications sector. Many of these companies are now such a part of our lives that it’s difficult to cla.
Mish Talk
NOVEMBER 22, 2022
Bitcoin daily chart courtesy of StockCharts.Com. I have been making notes, some of them incorrectly. Apologies offered. Generational Bottoms Bitcoin is Life Hoot of the Day (From May 2022). Hmm 6 months is up. On May 8, Bitcoin was $34,000. It's now under $16,000. That's OK because 6 months doesn't matter and $1BTC is still $1BTC. Bitcoin Log Chart.
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The Big Picture
NOVEMBER 21, 2022
You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.”. It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades. 1. Stop for a moment and consider the original Misery Index formula as invented by the economist Arthur Okun : add the 3.7% unemployment rate ( BLS NFP ) to the 7.7% inflation rate as measured by the c
The Reformed Broker
NOVEMBER 19, 2022
We made some industry news this week with the hiring of Ritholtz Wealth Management’s first President. You can read about it at Investment News here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
BlueMind
NOVEMBER 24, 2022
Category: Client Relations. The demands of high-net-worth clients are no small feat and can be challenging and daunting to deal with, to say the least. However, acquiring and retaining an HNW client is every financial advisor’s dream. They are a highly lucrative clientele that requires a unique and specialized approach to dealing with their wealth.
Mish Talk
NOVEMBER 25, 2022
Demand Weakness Weighs On private sector business activity in November The S&P Global Flash US Composite PMI™ shows and escalation in private sector demand weakness. Key Findings Flash US PMI Composite Output Index at 46.3 (October: 48.2). 3-month low. Flash US Services Business Activity Index at 46.1 (October: 47.8). 3-month low. Flash US Manufacturing Output Index at 47.2 (October: 50.7). 30-month low.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
The Reformed Broker
NOVEMBER 25, 2022
Past performance is not a guarantee of future results. Of course it isn’t. Things change. Especially if we’re referring to the past performance of a particular investment strategy, portfolio manager, mutual fund or individual stock. But past performance of asset classes should be well understood. Especially the kind of past performance that’s taken place over longer stretches of time.
Integrity Financial Planning
NOVEMBER 24, 2022
Take a moment to consider the world around you. You may be experiencing unrelenting change in your life – the pandemic, economic turbulence, or our society’s increasing reliance on technology – and you may think things look or feel unfamiliar and hectic. But it’s important to remember that your voice and your unique experience as a participant in one of the most transformational generations in history are valuable.
Mish Talk
NOVEMBER 21, 2022
Please consider these COP 27 Closing Statements by the Secretary-General. COP27 took place not far from Mount Sinai, a site that is central to many faiths and to the story of Moses, or Musa. It’s fitting. Climate chaos is a crisis of biblical proportions. Instead of a burning bush, we face a burning planet. Justice for those on the frontlines who did so little to cause the crisis – including the victims of the recent floods in Pakistan that inundated one-third of the country.
The Big Picture
NOVEMBER 25, 2022
It’s Black Friday and you know what that means: Lots of promotional sales and lots of holiday retail spending forecasts. You can rely on the latter being ubiquitous and wrong; some by a little, most by a lot. At least, that’s what the statistically likely outcome is. As we have seen historically , holiday sales forecasts tend to be a reflection of people’s mood at the moment — not an actual measure of intended holiday spending.
Million Dollar Round Table (MDRT)
NOVEMBER 20, 2022
By Antoinette Tuscano For decades, MDRT members, including industry legends, stood on the Main Platform of the MDRT Annual Meeting before thousands of their colleagues to generously share the ideas that enhanced their careers and lives. Venture into our vault of classic MDRT Annual Meeting videos and listen to the ideas that withstood the test of time.
A Wealth of Common Sense
NOVEMBER 22, 2022
Sometimes life would be easier if everyone was more like Keanu Reeves: But other times you just can’t help yourself: I’m choosing door #2 today. Sorry, Keanu. I’ve seen some variation of this chart making the rounds for a few weeks now: At face value, it looks scary and even obvious. During the pandemic, the personal savings rate skyrocketed while credit card debt plummeted.
Mish Talk
NOVEMBER 19, 2022
Alameda Research CEO Caroline Ellison, image from Tweet below. Inside Sam Bankman-Fried’s Doomed FTX Empire The Wall Street Journal takes a look Inside Sam Bankman-Fried’s Doomed FTX Empire That's a free link. Here are a few snips. The emerging picture of what went wrong suggests the crypto empire was a mess almost from the start, with few boundaries, financial or personal.
The Big Picture
NOVEMBER 20, 2022
A comprehensive look at CO2 emissions around the world and their specific sources: “Today, the Climate TRACE coalition released the most detailed facility-level global inventory of greenhouse gas (GHG) emissions to date, including emissions data for 72,612 individual sources worldwide. The 70,000+ individual sites — including specific power plants, steel mills, urban road networks, and oil and gas fields — represent the top known sources of emissions in the power sector, oil and gas produc
XY Planning Network
NOVEMBER 21, 2022
8 MIN READ. Thinking is free. This is something I occasionally like to remind the entrepreneurs I work with when I begin to sense someone slipping into a mild (or not-so-mild) panic over the seemingly endless list of things to figure out and decisions to make when starting a business. After working with small business owners for over a decade, I am no stranger to the pressure so many people feel to get their ducks in a row, launch, and grow as quickly as possible.
Million Dollar Round Table (MDRT)
NOVEMBER 22, 2022
By Johan Fanggara, CFP After competing in endurance sports — including five marathons, two Ironman races and several triathlons — I realized the financial services profession is not a sprint; it’s a marathon. Therefore, having the right mindset is crucial to building something sustainable. To most people, marathons seem like an impossible distance to conquer.
Mish Talk
NOVEMBER 24, 2022
Welcome Change Major retailers like Kohl’s, Target, Macy’s, Walmart, J.C. Penney, Best Buy, even Costco will be closed on Thanksgiving day but open as early as 5 a.m. or 6 a.m. on Black Friday according to BlackFriday.Com. That’s a welcome change but it puts all the more emphasis on Black Friday. Retailers Attempt to Lure Price-Weary Shoppers With Deep Discounts.
The Big Picture
NOVEMBER 23, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses crypto contagion and the volatile price swings in bitcoin. Yield Hogs Are Always Problematic. ?. ? ?. Source: Bloomberg. The post 15% Yield Was Never Credible appeared first on The Big Picture.
Financial Times M&A
NOVEMBER 19, 2022
Many of collapsed crypto group’s subsidiaries have ‘solvent balance sheets’, John Ray III says
Financial Times: Moral Money
NOVEMBER 23, 2022
Seven funds classified as Article 9 under EU’s SFDR sustainable classification will be changed to Article 8
Steve Sanduski
NOVEMBER 24, 2022
I learned the hard way that you don’t “conquer” a mountain. In 2004, I set out to climb (conquer) Mount Rainier. My goal was to get that summit pic of me holding the ice axe over my head while congratulating myself and my teammates for this great achievement. Well, with my singular focus and a bit of luck, I made it to the summit, but I was so beat up and exhausted, that I thought they’d have to call a helicopter to get me back down to the trailhead.
The Big Picture
NOVEMBER 23, 2022
My mid-week morning train WFH reads: • Eight key takeaways from 20 years of SPIVA data : Most active managers underperform most of the time. This conclusion originally came from examining U.S. mutual fund performance net of fees. Gross of fees, most active managers underperform most of the time. Most institutional managers underperform most of the time.
Financial Times M&A
NOVEMBER 24, 2022
Sale to US private equity group at undisclosed price hinges on approval from football club and Bundesliga
Financial Times: Moral Money
NOVEMBER 22, 2022
Sustainable investing is complex and it is not yet clear what counts
Steve Sanduski
NOVEMBER 22, 2022
In a Nutshell: If you want to help your clients achieve their most fulfilling financial outcomes, you need to help them transform their relationships with money. Align your planning process to your clients’ core values and folks won’t just earn more, they’ll do more with their money to make a positive impact in the world. Guest: Lynne Twist, a recognized global visionary committed to alleviating poverty, ending world hunger, and supporting social justice and environmental sust
The Big Picture
NOVEMBER 22, 2022
The transcript from this week’s, MiB: Marcus Shaw, CEO of AltFinance , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
Financial Times M&A
NOVEMBER 21, 2022
French bank will have option of buying joint venture outright five years after it launches
Financial Times: Moral Money
NOVEMBER 25, 2022
Plus, a new spotlight on imperfect ESG assurance
The Reformed Broker
NOVEMBER 22, 2022
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ?Bob Iger is Back – Wall Street celebrates Igers return as Disney gains $12B in market cap overnight. ?Tesla 50% Drawdown – “Tesla Is Stock Market’s Biggest Laggard” ?
The Big Picture
NOVEMBER 19, 2022
?. This week, we speak with Marcus Shaw, the chief executive officer and president of AltFinance , a $90 million initiative to encourage students at historically Black colleges and universities to pursue careers in the alternative investment industry. Prior to joining AltFinance, Shaw founded Montgomery TechLab, an organization to support inclusive economic growth in Montgomery, Alabama, and was CEO of The Company Lab (CO.LAB) in Chattanooga, Tennessee; he has also spent more than a decade work
Financial Times M&A
NOVEMBER 25, 2022
Valuation met with scepticism despite club’s vast global fan base
Integrity Financial Planning
NOVEMBER 21, 2022
As we prepare for Thanksgiving, a lot of us are giving thanks for what we have. Many are also considering making charitable gifts to different charities before the year ends. Brian talks about the value of charitable giving and also explains the rules behind the gift tax. But first, he answers two questions from the mailbag. Here’s what we talk about on today’s show: What am I most likely to mess up with my retirement without an advisor?
Conneqtor
NOVEMBER 20, 2022
Of all the challenges you were prepared to face as a financial advisor, search engine optimization, or SEO, probably didn’t even feature in your top ten list, right? I know it took me by surprise.
Ballast Advisors
NOVEMBER 21, 2022
What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as “Filing Status” or “Employee Matters,” for ease of reading. When year-end approaches, it might be wise to review each suggestion under the categories that may apply to you.
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