A Wealth of Common Sense
OCTOBER 14, 2022
A new research paper from an economist at Yale did a deep dive into 50 of the most popular personal finance books of all-time. If you’re a personal finance nerd like me you should be familiar with the authors — Dave Ramsey, Suze Orman, Robert Kiyosaki, Ramit Sethi, David Bach and the like. The point of the paper was to show how typical personal finance advice differs from academic economic models.
The Big Picture
OCTOBER 14, 2022
There’s nothing like confusing market action to send people into narrative creation overdrive. Yesterday’s 2% collapse on hotter-than-expected CPI data, followed by ~5% recovery to finish the day up more than 2% is a perfect example of random market action begetting endless explanations. What was the takeaway from CPI? Check out the BAML chart above: Core goods are coming down ( that’s good!
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The Reformed Broker
OCTOBER 8, 2022
Thanks for checking out piece from last Sunday “You weren’t supposed to see that” – it went crazy viral all over the place. I can’t believe how much feedback came in. Mostly in agreement with my conclusion but not all of it, there were some reasonable counterarguments too. And if you haven’t subscribed yet, don’t wait.
Financial Times M&A
OCTOBER 12, 2022
Ares Management’s Blair Jacobson expects US buyers to take advantage of weak British currency
A Wealth of Common Sense
OCTOBER 11, 2022
The long-term average inflation rate in the United States going back 100+ years is right around 3% per year. Obviously, there is a range around that long-term average. For instance, in the 38 years from 1983-2020, inflation finished the year below 3% more than 60% of the time. Inflation was running at more than 4% in just 5 years and finished above 5% just once (in 1990 when it was 5.4%).
The Big Picture
OCTOBER 9, 2022
It was one of those minor stories that seemed to have taken on a life of its own: The New York Times 1 reported last week about an adjunct Organic Chemistry professor at NYU who was fired after students complained his tests were too hard. I would have missed it, but for J.V Last discussing it at The Bulwark. 2. Both discussions touched on what a gut course org chem is; how many aspiring doctors see their career hopes dashed by the class.
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Covisum
OCTOBER 12, 2022
When it comes to helping your clients optimize their retirement income planning strategies, sometimes you don’t know what you don’t know. With dozens of different variables, updates to tax rules and Social Security benefits, and life’s surprises, the decisions you help your clients make are more valuable than ever.
Financial Symmetry
OCTOBER 10, 2022
At Financial Symmetry we are in constant pursuit of our mission to enhance today and enrich tomorrow for our clients and communities through empowerment, education, and guidance toward financial prosperity. We partnered with 3rd Decade®, a 501(c)3 nonprofit, a little … Continued. The post An Update on Financial Symmetry’s Partnership With 3rd Decade appeared first on Financial Symmetry, Inc.
The Big Picture
OCTOBER 8, 2022
? ?. Michael Levy is CEO of Crow Holding , a 75-year old real estate investment and development firm. Crow is the largest builder of multi-family apartment buildings in the United States. Previously, he worked in real estate finance and investment management at Morgan Stanley. Levy is currently a member of the Real Estate Roundtable, the Advisory Board at the Institute for Real Estate Operating Companies, and is an Urban Land Institute Foundation governor.
Integrity Financial Planning
OCTOBER 13, 2022
When was the last time you stopped and thought about how long the dollar bill that’s in your pocket has been circulating through the economy? What has that bill seen? Whose pockets has it been in? What will it see next? Every year, the government prints millions of dollar bills a day. Here’s a quick look at what goes into creating a $20 bill and what determines when a bill’s lifespan ends.
Million Dollar Round Table (MDRT)
OCTOBER 9, 2022
By Jaslyn Ng Up until recently, I didn’t consider myself particularly social media savvy. After all, five years ago I didn’t even have an Instagram account. So, I never thought it was possible that I’d be considered a digital financial advisor. Yet, I’ve made great strides in this area. I don’t produce YouTube videos or TikTok content, but I do a few key things that anyone can do.
XY Planning Network
OCTOBER 10, 2022
7.5 MIN READ. When it comes to being a financial advisor and running your practice, you must wear multiple hats – finance, business development, portfolio management, client relations, marketing, accounting – the list goes on and on. Marketing is just one piece of the puzzle, but it’s an important one. And for many advisors, it doesn’t come naturally, which makes it hard to get to know and love.
The Big Picture
OCTOBER 13, 2022
Boaz Weinstein, Founder & CIO, Saba Capital Management speaks with Barry Ritholtz, Co-Founder & CIO, Ritholtz Wealth Management; Host, Bloomberg’s Masters in Business at Bloomberg Invest. Source: Bloomberg. click for video . The post Saba Capital Management’s Weinstein on Whales, Tails, & Fails appeared first on The Big Picture.
A Wealth of Common Sense
OCTOBER 13, 2022
A reader asks: Ben comes off as a relatively optimistic person when it comes to the markets. Can he give us his most bearish or worst-case scenario for the stock market right now? I’m worried the worst is yet to come. This is a fair assessment. I am a glass-is-half-full kind of person by disposition. I can’t prove this but I do think optimism or pessimism is something you’re kind of just born with.
Million Dollar Round Table (MDRT)
OCTOBER 13, 2022
By Matt Pais, MDRT Content Specialist D. Scott Brennan , 2013 MDRT President and a 39-year member from South Bend, Indiana, knows that life is a matter of perspective. He has seen a family receiving $5,000 for a death claim be much more grateful than trustees who received $5 million. That’s part of why he embraces the Whole Person concept. “I try to celebrate life a little bit every day.
Financial Times M&A
OCTOBER 12, 2022
Tesla chief’s stop-start plan to buy social media platform for $44bn has left staff in an uncomfortable limbo
The Big Picture
OCTOBER 10, 2022
My back-to-work morning train WFH reads: • Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn : Rapid rate increases provide less time for central bankers to study their economic effects ( Wall Street Journal ). • Eight ways Elon Musk could still get out of buying Twitter : TL; DR they’re all quite stupid ( Financial Times ) see also Twitter investors should be very careful about trusting Elon Musk : And it wasn’t going well for him.
A Wealth of Common Sense
OCTOBER 9, 2022
We humans have an insatiable desire to predict the future. This desire gets even worse during bad times. I have opinions just like everyone else but I truly don’t know how the current economic mess is going to shake out. I do have some questions though: How long will good news be bad news for stocks? Most days in the stock market are random in terms of why it’s higher or lower.
Financial Times: Moral Money
OCTOBER 10, 2022
Cost of compliance could be one factor holding back development of new products, studies suggest
Financial Times M&A
OCTOBER 13, 2022
Social media group’s disclosure in court filing comes amid battle over $44bn takeover
The Big Picture
OCTOBER 14, 2022
One of the hottest trends in cars lately is retro-modding. It can go in either direction: Take a modern car and make it look like a retro classic — see the post-2000s Ford Mustang or the new Bronco as examples. But the other way to go is to take an older car and modernize it. Perhaps the most outrageous approach to this is done by Singer — as an example, see this gorgeous baby blue 1989 Porsche 964 Carrera 4 Coupe , that is bid up to $950k.
A Wealth of Common Sense
OCTOBER 12, 2022
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts September Fund Flow Report On today’s show we discuss: Good news is bad news 8 ways to invest with a strong dollar The awful economy Paul Volcker inherited in 1979 (AWOCS) Cathie Woods open letter to the Fed Things are getting weird in the housing market Calculated Risk on housing prices Luxury home market is the first to go Homebuil.
Wealthfront
OCTOBER 12, 2022
A version of this post was originally published in the Wall Street Journal on September 21, 2022. Wealthfront investors who have indicated a capacity and willingness to accept risk hold a portfolio that is heavily weighted toward equities. While such a portfolio has yielded generous returns over time, recent results have been unsatisfactory. While bonds […].
Financial Times M&A
OCTOBER 9, 2022
US court ruling over generic drugmaker Akorn set high bar for any bidder seeking to withdraw from a takeover offer
The Big Picture
OCTOBER 12, 2022
I will be discussing “Whales, Tails & Fails” with B0az Weinstein at Bloomberg Invest at 1:00 pm. I’ll post it when the video goes live if you miss the stream. The post Boaz Weinstein: Live at Bloomberg Invest! appeared first on The Big Picture.
A Wealth of Common Sense
OCTOBER 10, 2022
Today’s Talk Your Book is presented by CION Investments: On today’s show, we spoke with Michael Reisner, Co-CEO of CION Investments to discuss investing in private credit in today’s market environment. On today’s show we discuss: CION investment strategy The fund structure that allows CION to be publically traded Why CIONs yield is so high, and what the discount to NAV means Who invests in CION What.
Dear Mr. Market
OCTOBER 11, 2022
Dear Mr. Market: Simple allocation ? In a year where the stock market has provided zero safe places to hide…you may have changed, the markets certainly have, but one thing has not; the Permanent Portfolio. We’ve reviewed the Permanent Portfolio before but believe it’s time to check in and provide an update on how it’s doing relative to the broad markets now as well as chime in on whether the strategy still has merit going forward.
Financial Times M&A
OCTOBER 13, 2022
Deal would bring together two of the country’s largest supermarkets, testing antitrust policies
The Big Picture
OCTOBER 14, 2022
My end-of-week morning train WFH reads: • You’re going back to the office. Your boss isn’t. Bosses are ordering people back to the office from the comfort of their own homes. ( Vox ). • In the Battle With Robots, Human Workers Are Winning : As central bankers around the world are rushing to cool labor markets and tame inflation — a lot of policymakers are hoping that this week’s employment report shows declining demand for new workers — a few economic and technological truths have become evident
The Reformed Broker
OCTOBER 14, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Bob Pisani, Kyla Scanlon, and Downtown Josh Brown discuss stories from the stock exchange, investors of the future, the Fed’s toolbox, stocks for the long run, the most important developments in trading over the past 30 years, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your.
Advent International
OCTOBER 14, 2022
Rotterdam, 14 October, 2022/San Francisco, October 13, 2022 – Advent International (“Advent”), one of the largest and most experienced global private equity investors with a well-established track record in chemicals, and Wilbur-Ellis, one of the largest family-owned companies in the world, today announced that they have reached an agreement to merge their life sciences and specialty chemicals solutions businesses, Caldic B.V.
Financial Times M&A
OCTOBER 12, 2022
Expect financial innovation to go on proliferating, unhindered by the laws of physics
The Big Picture
OCTOBER 12, 2022
Transcript: Michael Levy. The transcript from this week’s, MiB: Michael Levy, CEO of Crow Holdings on Commercial Real Estate , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , YouTube , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~.
SuperAngel.Fund
OCTOBER 14, 2022
Dear Friends, I am pleased to share the Q3 2022 recap for SuperAngel.Fund. During the quarter we made 14 investments (five of which were follow-ons), with a median check size of $50k and post-money valuation of $15m. Our investments were spread across Consumer (4), eCommerce SaaS (9) & PropTech (1). Read the Q3 2022 Recap here 📝 Since the fund started in January 2021, we’ve made 99 total investments into 66 companies, 27 of which have been marked up so far.
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