This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Today, in the Calculated Risk Real Estate Newsletter: Moody's: Q1 2025 Apartment Vacancy Rate Highest Since 2010; Office Vacancy Rate at Record High A brief excerpt: From Moodys Analytics Economists: Q1 Moodys CRE Preliminary Trend Analysis The national multifamily market has been under supply-side pressure over the past two years. Steady demand finally paused the vacancy climb after a banner year with record-level inventory growth.
Markets Earnings estimates have plenty of room to come down. (theirrelevantinvestor.com) It looks like we will have two 5-sigma daily moves in a row. (priceactionlab.com) Investors are trying to hide out in consumer staples. (ft.com) Strategy Don't do anything you might regret during a period of market stress. (wsj.com) The chances of you making a good decision under stress are slim.
A quick note on tariffs : Over the past few weeks, I’ve been putting together my quarterly call for clients. The challenge is how to frame the current economic scenario in a way that is useful and informative and not the usual run-of-the-mill noise. Its easy to get distracted by the chaos of random policies that have been coming rapid-fire at Americans.
For many financial advisors, a core part of the retirement planning process involves simulating whether the client's assets will last through retirement. Traditionally, these simulations take the form of either Monte Carlo analyses – showing the percentage of simulated outcomes in which the client finishes with assets remaining – or stress tests that assess plan durability under a handful of adverse scenarios.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Here’s a crazy stat from Bloomberg: Half of American households account for 97.5% of the wealth in this country. This is the breakdown from Federal Reserve data: On the one hand these numbers — 2.5% of wealth — seem almost impossible for the bottom 50%. On the other hand, this is an improvement from the last decade. It was much worse coming out of the Great Financial Crisis.
This week, I speak with author and financial journalist Michael Lewis. Michael has written countless New York Times bestsellers including Flash Boys and Going Infinite. His book The Big Short was turned into an Oscar-winning film, alongside his Oscar-nominated books-turned films The Blind Side and Moneyball. We breakdown the ins and outs of government and his latest book “ Who is Government: The Untold Story of Public Service.” A transcript of our conversation is available here Tuesd
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.6 million in February , the U.S. Bureau of Labor Statistics reported today. Over the month, hires and total separations held at 5.4 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), Layoff, Discharges and other (red column
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.6 million in February , the U.S. Bureau of Labor Statistics reported today. Over the month, hires and total separations held at 5.4 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), Layoff, Discharges and other (red column
Money management Shane Parrish talks with Brookfield CEO Bruce Flatt. (fs.blog) Barry Ritholtz talks with Lisa Shalett, Chief Investment Officer at Morgan Stanley. (bloomberg.com) Meb Faber talks with Mark Haefele, Chief Investment Officer of UBS Global Wealth Management. (podcasts.apple.com) David Senra looks for lessons in the rise of Ken Griffin, founder of Citadel.
The Economist has a good piece about the growing importance of the stock market on household balance sheets. Here’s the chart that matters: By the end of 2024, Americans owned stocks worth 170% of disposable income which is back at record levels and much higher than in previous decades. The worry here is that a sustained drop in stock prices could eventually have an impact on the real economy.
This week, I speak with with Lisa Shalett , Chief Investment Officer and head of Global Investment Office for Morgan Stanley Wealth Management. Previously, she was CEO and chairman at Sanford Bernstein, CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The BEA released the Personal Income and Outlays report for February: Personal income increased $194.7 billion (0.8 percent at a monthly rate) in February , according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)personal income less personal current taxesincreased $191.6 billion (0.9 percent) and personal consumption expenditures (PCE) increased $87.8 billion (0.4 percent).
Podcasts Michael Kitces talks with AJ Ayers, co-founder of Brooklyn Fi, about building a remote firm focused on equity comp. (kitces.com) Brendan Frazier talks with Kathleen Burns Kingsbury, of KBK Wealth Connection and author of Breaking Money Silence. (podcasts.apple.com) Bogumil Baranowski talks family money dynamics with Emily Bouchrad, founder of Blended Families Flourishing and Bouchard Bespoke Consulting.
Despite the platforms boasts, what it is launching is not any different than other custodians, and advisors shouldnt be threatened, industry observers say.
A recurrent theme here has been the opportunity provided by a large installed base, but that is aged and entering the prime years for repair if not replacement. For example, in 2023, we discussed how an older car fleet would provide a long tailwind for auto parts retailers. More recently, we discussed the opportunity present in our nation’s old housing stock.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Take a break from the sell-off and plan a fun night for this Monday. Join me on April 7th, 2025 at 7:30 pm for a special evening featuring New York Times bestselling author Michael Lewis, at Landmark Theater in Port Washington. We will be discussing his latest book, plus all of his prior best sellers and films. A Q&A will follow.Everybody who comes gets a signed copy of the new book.
The headline jobs number in the March employment report was above expectations, however, January and February payrolls were revised down by 48,000 combined. The participation rate increased, the employment population ratio was unchanged, and the unemployment rate increased to 4.2%. Earlier: March Employment Report: 228 thousand Jobs, 4.2% Unemployment Rate Prime (25 to 54 Years Old) Participation Since the overall participation rate is impacted by both cyclical (recession) and demographic (aging
Podcasts Cameron Passmore and Benjamin Felix talk lifecycle investing with Professor Scott Cederburg. (rationalreminder.libsyn.com) Bogumil Baranowski talks with Alex Morris author of "Buffett and Munger Unscripted." (podcasts.apple.com) Dan Haylett talks purpose in retirement with David Marlow, author of "The Ikagi Way" (humansvsretirement.com) Housing What is the best case for housing affordability?
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Search is indeed evolving. More and more potential RIA clients are turning to ChatGPT for quick, consolidated answersand I dont blame them. Why sift through keyword-stuffed blogs when you can get a direct answer curated from across the web? AI is improving the end-user experience, and we, as an industry, need to adapt. The key? Deliver more value.
For equity investors there have been two major narratives over the last 17 calendar year period 2008-2024. The first is that US stocks have far outperformed international stocks. The other narrative has been the outperformance of growth stocks relative to value stocks. US Value Stocks Trading at Historically High Discounts was originally published at Alpha Architect.
From the Census Bureau reported that overall construction spending decreased: Construction spending during February 2025 was estimated at a seasonally adjusted annual rate of $2,195.8 billion, 0.7 percent above the revised January estimate of $2,179.9 billion. The February figure is 2.9 percent above the February 2024 estimate of $2,133.8 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,686.4 billi
March 2025 The S&P 500 returned -5.63% in March 2025. (on.spdji.com) How major asset classes performed in March 2025. (capitalspectator.com) The asset asset quilt updated for Q1 performance. (novelinvestor.com) Alternatives How to use private equity in your portfolio. (morningstar.com) Is the Yale Model dead? (ft.com) Companies OpenAI was recently valued at $300 billion.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
This weeks Tax Advisor Weekly covers key updates for financial professionals. We begin with guidance on navigating property tax considerations during business mergers and expansions. Next, we explore the growing need for C-suite awareness of transfer pricing implications. We also break down the latest developments in Beneficial Ownership Information (BOI) reportingwhile requirements have been temporarily lifted for domestic entities, foreign companies remain affected.
Dear Mr. Market: This is perhaps one of our favorite articles and times of the year; not necessarily because of basketball but rather it allows us the opprtunity to articulate our main investment themes we see playing out for the remainder of the year. My Portfolio Guide, LLC was the first investment firm to publish a March Madness investing bracket where we share our picks and match them up against each other.
From the BLS: Employment Situation Total nonfarm payroll employment rose by 228,000 in March, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. Employment also increased in retail trade, partially reflecting the return of workers from a strike.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Rates Why the Treasury bond market matters. (econofact.org) How increased bond indexing has changed how bonds trade. (papers.ssrn.com) Why term premia models disagree. (ft.com) Research Don't pay alpha fees for beta exposure. (aqr.com) Where stock market returns have come from. (marginalrevolution.com) Why is the real price of gold rising? (mrzepczynski.blogspot.com) Checking in on spot Bitcoin ETFs one year in.
First-generation RIA owners like those at CGN Advisors increasingly use synthetic or phantom equity structures to give employees access to a firms growth while deferring actual ownership.
In the last few days, I've had the opportunity to look at a couple of different model portfolios from different places and providers that I would describe as being overly complex. I'm not going to call them out publicly or anything but I think we can learn some things. As you can see, there are 18 ETFs in the model and it outperformed by a hair, nothing wrong with that, but it clearly looks identical to the basic two index fund portfolio I used.
Recently, I engaged with an AI team of experts to help them build AI-enabled software products for wealthmanagement firms. When I was approached for suggestions, I was intrigued by what AI could do to wealthmanagement. It helped me learn about the possibilities of AI use in wealth management. Many wealth management outfitsin the US have started using AI in their operations and basic level of advice.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
221 
Let's personalize your content