Calculated Risk

SEPTEMBER 9, 2022

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP.

Nonprofit 363

Nonprofit Assets Accounting 363

Calculated Risk

DECEMBER 9, 2022

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP.

Nonprofit 360

Nonprofit Assets Accounting 360

The Big Picture

MAY 6, 2023

Salisbury , chief investment officer of asset and wealth management at Goldman Sachs. He is also a member of the management committee, and Co-Chairs the Asset Management Investment Committees, which includes private equity, infrastructure, growth equity, credit, and real estate.

Wealth Management 303

Wealth Management Assets Management Clients 303

Calculated Risk

SEPTEMBER 8, 2023

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP.

Nonprofit 314

Nonprofit Assets Accounting 314

The Big Picture

OCTOBER 29, 2022

Professor Jeremy Siegel at the University of Pennsylvania, where he is frequently voted Best professor at Wharton, and is the author of Stocks for the Long Run , Jeremy Schwartz is CIO at Wisdom Tree Asset Management , where he has worked since May 2005. In 2008, he received the George Polk Award for financial reporting.

Assets 298

Assets Financial Market Investing Investments 298

Abnormal Returns

MAY 1, 2023

Markets How major asset classes performed in April 2023. ft.com) The amount of bank failures, measured by assets, rivals that of 2008. capitalspectator.com) The Nasdaq 100 has outpaced the Russell 2000 by over 20% in 2023. twitter.com) Crypto Gary Gensler's SEC has been busy. etftrends.com) Economy Is the U.S.

Financial Advising 244

Financial Advising Startup Banking Manufacturing 244

A Wealth of Common Sense

SEPTEMBER 5, 2023

I’m generally not a fan of completely rethinking your asset allocation just because you wish you would have invested in something else with the benefit of hindsight. The proliferation of black swan strategies following the 2008 crash comes to mind.

Asset Allocation 105

Asset Allocation Assets Marketing Marketing 105

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. Precisely because we look at it and we’re like, wait a second, if this risk goes wrong, not only do I lose my assets, but I lose my job.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

OCTOBER 7, 2022

If only the Fed didn’t do X, our portfolio would have been much better” seems to be a terrible approach to managing assets for clients. All too often, Fed criticism is thinly-veiled excuse-making for underperforming alpha chasers. “If During the same period of time, the S&P 500 rose 67.9% (2020) and 28.7% (2021).

Banking 336

Banking Economics Portfolio Assets 336

Calculated Risk

JUNE 8, 2023

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP.

Nonprofit 246

Nonprofit Assets Accounting 246

Calculated Risk

MARCH 9, 2023

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP.

Nonprofit 246

Nonprofit Assets Accounting 246

Abnormal Returns

SEPTEMBER 28, 2022

wsj.com) Don't fight the last war: this isn't 2008. morningstar.com) FTX FTX won the auction to buy the assets of bankrupt (coindesk.com) FTX.US (awealthofcommonsense.com) Markets Lumber prices are back down to pre-pandemic levels. theirrelevantinvestor.com) Are stocks cheap yet? It depends. Brett Harrison is stepping down.

Financial Advising 246

Financial Advising Media Management Economy 246

Walkner Condon Financial Advisors

MARCH 16, 2023

When this run started, Silicon Valley Bank (and the two other banks that failed), put into play plans to raise capital beyond selling these assets. They try to find a buyer over the weekend and barring that they sell off the individual assets. Think of this as Mary Bailey reaching into her purse and pulling out the wedding gift money.

Banking 98

Banking Insurance Assets Startup 98

Calculated Risk

JUNE 7, 2024

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP. in Q4, 2023. in Q4, 2023.

Nonprofit 217

Nonprofit Assets Accounting 217

The Big Picture

FEBRUARY 27, 2023

Trillion Drop, Biggest Since 2008 : San Francisco and New York are slumping as the pandemic boom fizzles out, but migration to Florida has boosted Miami. The firm is the largest listed PE/Buyout firm in Europe, managing $135 billion in assets in Private equity, infrastructure, real estate and debt.

Valuation 290

Valuation Assets Management Marketing 290

Abnormal Returns

SEPTEMBER 1, 2022

bonddad.blogspot.com) Why the current housing market is nothing like 2008. (ft.com) Barcelona FC is under real financial pressure. readthegeneralist.com) Economy Jobless claims have stopped going up. pragcap.com) Housing are still selling quickly. housingwire.com) Earlier on Abnormal Returns Longform links: the wrong model.

Assets 130

Assets Financial Advising Media Economy 130

The Big Picture

NOVEMBER 26, 2024

Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. His firm runs over $10 billion in client crypto assets. How can investors get exposure to the space? Matt Hougan : Yeah. All of them.

Investing 147

Investing Investments Assets Retail 147

The Big Picture

SEPTEMBER 26, 2022

The only other years with a higher reading since 1990 were 2008 when the S&P fell 38%, and 2002, when it fell 23%. Pensions Brace for Private-Equity Losses : Retirement officials predict grim results from investments in private equity and other illiquid assets ( Wall Street Journal ). • Wealth of Common Sense ). •

Engineering 306

Engineering Economy Manufacturing Retirement 306

The Big Picture

JANUARY 8, 2025

Fulltranscript below. ~~~ About this weeks guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. His firm runs over $10 billion in client crypto assets. He’s the chief investment officer at Bitwise Asset Management. What is Bitcoin?

Assets 130

Assets Investing Investments Banking 130

The Big Picture

AUGUST 15, 2022

Let’s look at the 2008 scenario as an example. The asset class has exploded in popularity over the past two decades — but that doesn’t mean it’s about to blow up, argues our columnist. ( Institutional Investor ). • My back-to-work morning train WFH reads: • When is a Bear Market Over? Economic Innovation Group ). •

Communication 298

Communication Startup Management Economics 298

Calculated Risk

MARCH 7, 2024

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP. in Q3, 2023. in Q3, 2023.

Nonprofit 211

Nonprofit Assets Accounting 211

The Big Picture

DECEMBER 12, 2022

Has private equity avoided the asset-price crash? Survival Lessons From Past Tech Downturns : The current tech downturn could be much worse than it appears now, say those who lived through the 2001 and 2008 crashes—but those who make it have the chance to fuel the next bubble. New York Times ). • Economist ). Wall Street Journal ). •

Math 306

Math Economy Communication Economics 306

The Big Picture

NOVEMBER 5, 2022

However, as with other intangible assets, political capital tends to be overlooked by the market. In 2008, he received the George Polk Award for financial reporting. . • Investing in Influence : Companies invest billions of dollars in political influence through lobbying, campaign contributions, and other means. Sparkline Capital ).

Accounting 278

Accounting Economics Assets Investing 278

The Big Picture

JULY 27, 2022

The post- 2008-09 era saw wealth inequality, already substantial in the United States, explode. The 2010s monetary rescue plan benefitted anybody who owned capital assets: Stocks, Bonds, and Real Estate. I wrote a book about this). But the pandemic was a massive reset, with a huge fiscal stimulus rather than just a monetary one.

Medicine 331

Medicine Numbers Food Insurance 331

The Big Picture

FEBRUARY 24, 2023

The firm is the largest listed PE/Buyout firm in Europe, managing $135 billion in assets in Private equity, infrastructure, real estate and debt. Trillion Drop, Biggest Since 2008 Source: Bloomberg Sign up for our reads-only mailing list here. It’s also got a whole lot of American fans. ( US Housing Market Posts $2.3

Medical 289

Medical License Insurance Accounting 289

The Big Picture

AUGUST 27, 2022

He explains what the Vanguard effect is — notably, the cost-conscious approach jack Bogle pioneered has had a massive impact on the business of managing assets. The Vanguard Group has continually driven costs lower for investors, forcing the rest of the asset management industry to follow suit.

Assets 217

Assets Management Clients Marketing 217

The Big Picture

DECEMBER 8, 2022

It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. New York Times ). • So When Will Stocks and Bonds Un-Link? Here’s what allocators can do about that. ( What’s Going On With the Housing Market?

Transportation 278

Transportation Retail Portfolio Assets 278

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.

Assets 299

Assets Clients Investing Investments 299

Calculated Risk

DECEMBER 7, 2023

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP. in Q2, 2023. in Q2, 2023.

Nonprofit 189

Nonprofit Assets Accounting 189

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. It depends on your asset allocation. And they took it out of their asset allocation in favor of other strategies.

Assets 147

Assets Management Investing Investments 147

The Big Picture

APRIL 29, 2023

Clymer, who’s been dubbed “ The High Priest of Horology ,” founded the site in 2008 and is currently executive chairman; Fowler was appointed Hodinkee’s chief executive officer in 2022. Hodinkee’s ambition is to become the global leader in watches, content, and commerce.

Advertising 173

Advertising Wealth Management Assets Accounting 173

Darrow Wealth Management

FEBRUARY 26, 2025

But to illustrate the relative protection that bonds may be able to provide compared to stocks, heres what happened to the bond market in the 2008 great financial crisis and recession and 2020 market crash. The chart below shows what happened to fixed income (bonds) in 2008. Bond indices during the 2008 recession (gray).

Marketing 52

Marketing Marketing Retirement Portfolio 52

The Big Picture

MARCH 14, 2023

Irrelevant Investor ) • How the Weekend-Long Freakout Over Silicon Valley Bank Ended : And why the worst bank failure since 2008 happened in the first place. Yale University’s endowment has earned spectacular returns in hedge funds, private equity and other ”alternative assets.” Bloomberg ) • Yale Invests This Way. Should You?

Banking 258

Banking Assets Media Investing 258

The Chicago Financial Planner

JUNE 13, 2022

Ideally you’ve been rebalancing your portfolio along the way and your asset allocation is largely in line with your plan and your risk tolerance. For example during the 2008-2009 market debacle I looked at funds to see how they did in both the down market of 2008 and the up market of 2009.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

The Big Picture

DECEMBER 13, 2023

Not that different from the tulip mania (see the picture below), the dot-com boom, or the house flippers and mortgage boom of 2006-2008 (see the Big Short for similar stories of excess). The madness of crowds is fascinating, fun, and good for a morality tale but it doesn’t really tell us much about the underling asset.

Numbers 317

Numbers Government Assets Management 317

The Big Picture

FEBRUARY 11, 2023

trillion in assets. He left early 2008 to launch his own hedge fund and missed the last phase of Lehman’s existence. This week, we speak with Rick Rieder , who is BlackRock ‘s chief investment officer of global fixed income, head of the fundamental fixed income business, and head of the global allocation investment team.

Communication 189

Communication Banking Investing Investments 189

Calculated Risk

DECEMBER 12, 2024

This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) Household percent equity (as measured by the Fed) collapsed when house prices fell sharply in 2007 and 2008. The third graph shows household real estate assets and mortgage debt as a percent of GDP. in Q2, 2024. in Q2, 2024.

Nonprofit 147

Nonprofit Assets Accounting 147