The Big Picture

JULY 16, 2022

This week, we speak with Antti Ilmanen, who is the principal and global co-head of the portfolio solutions group at AQR Capital Management. His research into markets and valuation has won numerous accolades and recognitions, including the Graham and Dodd award, the Harry M. Markowitz special distinction award, multiple Bernstein Fabozzi/Jacobs Levy awards for his articles, and CFA Institute’s 2017 Leadership in Global Investment Award.

Portfolios 141

Portfolios Private Equity Firms Private Equity Firms Returns 141

The Reformed Broker

JULY 16, 2022

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These were the most read posts on the site this week, in case you missed it: The post This Week on TRB appeared first on The Reformed Broker.

103

103

Investment Writing

JULY 19, 2022

When two consecutive adjectives modify the same noun, you’re supposed to put a comma between them. I sometimes struggle to decide if that’s appropriate. After all, there are cases when the first adjective modifies the second, as in “pale blue paper.” So I was delighted to find this advice from Jan Venolia in Write Right! : One way to determine consecutive whether adjectives modify the same noun ( a young, energetic student ) is to insert the word and between the adjectives.

Investing 101

Investing 101

A Wealth of Common Sense

JULY 22, 2022

Frank Rabinovich was a portfolio manager and technology specialist at bond giant PIMCO in the 1990s. The way his colleagues treated him was a microcosm of the culture at the firm in its heyday. Co-workers would douse him with bug spray, claiming he smelled bad. They cut off the bottom of his ties when they didn’t like the look of them. They tackled him relentlessly in games of touch football since he wasn’t as.

Portfolios 99

Portfolios Financing Finance 99

The Big Picture

JULY 22, 2022

After yesterday’s discussion on the uncertainty monster , a friend who “loves perspective changers” reached out with a challenge: “Most people rarely question their own basic ideas,” he said, He challenged me to find 10 concepts to do just that. I agreed to give it a shot, assembling a list of my own, filling it out with a few classics from others: Uncertainty : Objectively speaking “uncertainty” does not increase or decrease – by definition, the future is always inherently uncertain.

Stock Market 140

Stock Market Stock Market Funds Companies 140

Integrity Financial Planning

JULY 20, 2022

What are the risks of making emotional decisions when it comes to your money? Brian shares what he tells clients about investing and retirement planning. During the football draft, so many decisions are based on emotions. For instance, Tom Brady, the greatest of all time, was 199 th pick when he was drafted in 2000. Similarly, investors who want to plan their own retirement might pick stocks based on emotions that they later regret.

Investing 98

Investing Investors 98

A Wealth of Common Sense

JULY 19, 2022

My latest piece for Fortune compiles a lot of the work I’ve been putting together here on the blog — how long bear markets tend to last, the two types of bear markets, bear markets vs. recessions and how investors should approach down markets depending on where they are in their investing lifecycle. * The technical definition of a bear market in stocks is a drawdown of 20% or worse from peak to trough.

Investors 100

Investors Investing 100

The Big Picture

JULY 20, 2022

Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses investing in a volatile market and the probability the Fed causes a recession. Risk, Reward Two Sides of Same Coin, says Ritholtz. ?. Source: Bloomberg , July 19th, 2022. Previously : Rally , Multiple Compression , Earnings¯_(?)_/¯ Recession , Double Bottom (July 18, 2022).

Investing 118

Investing 118

Million Dollar Round Table (MDRT)

JULY 17, 2022

By Bryce Sanders Financial advisors are trained to ask clients for referrals, and so from time to time we ask, “Do you know anyone I can help?” Put on the spot, though, sometimes our clients’ minds go blank. Yet, happy clients can be your best advocates. How can we do a better job at asking for referrals? Who wants an extra slice of pie? Your client asked about a specific product.

Funds 98

Funds Companies Investing 98

Conneqtor

JULY 20, 2022

Establish Authenticity So, what does it mean to be authentic? Yes, the heading here is very different from our title: How to use LinkedIn for Financial Advisors, but bear with me, and you’ll quickly find that both these sentences answer the same thing – the humanization of your brand.

98

98

Financial Times M&A

JULY 19, 2022

Government to offer €12 per share to investors to take full control of power group

Investors 138

Investors 138

The Big Picture

JULY 17, 2022

Visualizing the Coming Shift in Global Economic Power (2006-2036p). Source: Visual Capitalist. I never know what to make of these grand extrapolations but submitted for your approval… The post Coming Shift in Global Economic Power? appeared first on The Big Picture.

112

112

A Wealth of Common Sense

JULY 17, 2022

The last time inflation was this high was November of 1981. I was 3 months old at the time. There are some similarities between now and then. There was an energy crisis back then just like there is today. The Fed was tightening monetary policy to fight inflation in the early-1980s as well. And people were increasingly unhappy about the economic state of affairs.

94

94

A VC: Musings of a VC in NYC

JULY 18, 2022

Every quarter our firm goes through a process to value our entire portfolio. Those values, on a schedule of investments we publish to our investors every quarter, flow through to our financial statements and capital accounts and establish how much an interest in our partnerships are worth at that time. We have always taken this process very seriously and approach it with a lot of rigor.

Venture Capital 95

Venture Capital Portfolios Capital Accounting 95

Financial Symmetry

JULY 18, 2022

Increasingly, we as investors want to incorporate sustainable companies and business practices into our lives. Fortunately, there are many areas of our lives where we can intentionally spend and direct our dollars to facilitate the change we want to see … Continued. The post Is ESG Investing Right For Me? appeared first on Financial Symmetry, Inc.

Investing 88

Investing Mutual Funds Investors Companies 88

The Big Picture

JULY 22, 2022

Has there ever been a sexier, more lovely roadster than the Jaguar E-Type? It is perhaps the most beautiful convertible — ever. Even Enzo Ferrari called the E-Type ‘ The most beautiful car ever made.” And a 150-mph top speed didn’t hurt either. The E-Type was continually upgraded from 1961 through 1975 while retaining its spectacular styling. The original 3.8-liter XK straight-six made 265bhp from the factory; the engine grew to 4.2 liters. and produced the same 265 horsepower as the 3.8-l

108

108

A Wealth of Common Sense

JULY 21, 2022

A reader asks: I’ve been buying the dip for the past couple of months in the market and feel pretty comfortable in my positions. Should I continue to buy the dip or invest in my home (ie, new fence, additional rooms/bathroom, etc.? I understand the line of thinking here but I look at the stock market and investing in your home as two separate categories when it comes to capital allocation decisions.

Investing 91

Investing Stock Market Stock Market Capital 91

Financial Times: Moral Money

JULY 17, 2022

Investors are starting to look more favourably on energy companies because of their role in the transition to a decarbonised economy

Investors 99

Investors Companies 99

Million Dollar Round Table (MDRT)

JULY 19, 2022

By Bryan J. Sweet, CLU, ChFC, and Brittany Anderson In the financial services world, we are faced with issues of not being trusted and then of prospects receiving an avalanche of indistinguishable blurry marketing messages. How do you overcome this and stand out from the marketing noise? And how do you avoid making your marketing all about you? First of all, understand this harsh reality check: No one cares about you.

Prospects 78

Prospects Financial Services Investing 78

The Big Picture

JULY 22, 2022

My end-of-week morning offsite reads: • A New Bull Market Can’t Start Until Investors Give Up For a new cycle to begin, people who bet on the market need to capitulate. Problem is, they’ve forgotten what that feels like. ( Wall Street Journal ). • What’s Going On…With Jobs The June jobs report was cheered by economic bulls given its strength in level terms, but rates of change among leading indicators don’t favor a soft-landing outcome for the economy. ( Charles Schwab ) see al

Private Equity Firms 108

Private Equity Firms Private Equity Firms Debt Funds 108

A Wealth of Common Sense

JULY 20, 2022

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts Highlights, Lowlights, and insights from 1H 2022 On today’s show we discuss: Inflation isn’t getting better yet Inflation has outpaced wage growth The deflation risk How would investors react if we got some inflation (June 2020) Fed officials preparing to raise rates by another 75bps Average car payments hit a record high Investors h.

Investors 78

Investors 78

Financial Times: Moral Money

JULY 17, 2022

Geologists scour outback for commodity used in EV batteries as Canberra seeks to diversify from fossil fuels

98

98

Million Dollar Round Table (MDRT)

JULY 21, 2022

By Laura H. Mattia, Ph.D., CFP While the journey through grief and widowhood is unique to each widow, it will likely progress through four stages of transition. The following are the four stages and what you should focus on to help her through her journey: 1. Preparation is where she has time to get her financial life in order and brace for what she knows is about to happen.

Education 76

Education Taxes Portfolios Investing 76

The Big Picture

JULY 18, 2022

Ignore the emojis in the headline long enough to ask yourself this question: What might the rest of 2022 look like ? I did that exercise last week in response to a client inquiry about the second half of the year. The context was excess cash looking for a good long-term home (not a trade). The question was not so much where to put the capital, but rather when to deploy it.

Capital 108

Capital Companies Funds Investing 108

FMG

JULY 19, 2022

According to the AARP, 45% of middle-aged Americans would rather visit the dentist than make an appointment with a financial advisor. Why is that? Most people distrust financial services as an industry. Prospects don’t know how to choose a “good” financial advisor. Many people aren’t clear on what an advisor does, making the process overwhelming.

Prospects 72

Prospects Leveraging Financial Services 72

Financial Times: Moral Money

JULY 17, 2022

Policymakers want to make the country a world leader in green finance, but without scaring businesses away

Financing 97

Financing Finance 97

Financial Times M&A

JULY 19, 2022

Social media platform wins early victory in fight to force billionaire to complete acquisition

99

99

The Big Picture

JULY 16, 2022

The weekend is here! Pour yourself a mug of Volcanica coffee, grab a seat by tbe pool, and get ready for our longer-form weekend reads: • The Hidden Fees Making Your Bananas, and Everything Else, Cost More : A cadre of ocean carriers are charging exorbitant, potentially illegal, fees on shipping containers stuck because of congestion at ports. Sellers of furniture, coconut water, even kids’ potties say the fees are inflating costs. ( ProPublica ). • How the Amusement Park Conquered America From

Capital 108

Capital Portfolios Returns Investing 108

XY Planning Network

JULY 18, 2022

6 MIN READ. Although seemingly obvious, it’s worth saying—a firm isn’t a firm without clients. It can be tempting to think of your marketing activities as aside from your actual firm and what it is you do day to day. The truth is, as a firm owner, your success depends just as much on your ability to effectively communicate your value proposition with your ideal client as it does on you delivering that value.

Prospects 69

Prospects 69

Financial Times: Moral Money

JULY 17, 2022

CSOs are an increasingly indispensable part of the executive team — and a potentially valuable source of tip-offs

93

93

Financial Times M&A

JULY 20, 2022

The M&A playbook of warped incentives, rent extraction and creative accounting is overdue a rewrite

Accounting 93

Accounting 93

The Big Picture

JULY 20, 2022

My mid-week morning train WFH reads: • How long bear markets typically last—and how you should think about investing during this one : Going back to the end of World War II, the U.S. stock market has experienced 13 bear markets (including the current one). In the previous 12 bear markets, the average loss was –32.7%. It took the stock market an average of around 12 months to go from the peak of the market to the bottom.

Stock Market 107

Stock Market Stock Market Portfolios Returns 107

Wealthfront

JULY 20, 2022

Diversification is the practice of buying a variety of different investments with the goal of balancing risk and reward in your portfolio. A well-diversified portfolio can help you maximize your expected returns without taking on unnecessary or unwanted risk. This is known as “improving your risk-adjusted returns.” You can think of diversification as a way […].

Portfolios 59

Portfolios Returns Investing 59

Financial Times: Moral Money

JULY 17, 2022

Businesses’ impact on nature poses risks that are both severe and hard to quantify

Investors 99

Investors 99