The Big Picture

AUGUST 17, 2022

Top 10 Investor Errors: Excess Fees (June 30, 2012). See also : How Expense Ratios and Star Ratings Predict Success. Russel Kinnel. Morningstar, August 9, 2010. Previously : Don’t Blame Morningstar for Our Own Shortcomings (October 26, 2017). Passive investing is: Marxist. Devouring capitalism. Reached a mania. Lobotomized investing.

Taxes 334

Taxes Portfolio Management Investing 334

The Big Picture

FEBRUARY 10, 2023

May 30th, 2013) Asking the Right Questions (July 18th, 2013) The Price of Paying Attention (November 2012) Who Do You Trust? I have no idea whether its a long-term staple or a flash in the pan, but it feels to me like I am now at peak Substack… Previously : Things I Don’t Care About (January 15th, 2013) What Do You Control? (May

Media 278

Media Management 278

Abnormal Returns

AUGUST 17, 2023

thewalrus.ca) What the heck happened in 2012? (wapo.st) How did this island off Alaska became a haven for feral cattle? hakaimagazine.com) Lessons learned from summer 'grief camp' for children. theintrinsicperspective.com)

Medicine 244

Medicine Electronics Retail Education 244

The Big Picture

AUGUST 25, 2022

In 2012, Jim Bianco of Bianco Research left a lasting impression with his explanation of the impact of Quantitative Easing (QE). I had flipped bullish in March 2009, but I have vivid recollections that Fall of listening to Jim O’Shaughnessy of OSAM explain the history of markets following a 50+% crash.

Wealth Management 337

Wealth Management Investing Investments Marketing 337

A Wealth of Common Sense

OCTOBER 30, 2022

Facebook went public in the spring of 2012. The stock price actually fell 50% from May 2012 through September of that year. From September 2012 through August 2021, Facebook shares were up a cool 2000%. In the year before filing to become a public company, the social network brought in $3.7 billion in revenue.

Marketing 145

Marketing Marketing Management 145

Mish Talk

DECEMBER 1, 2022

Panelists’ companies continue to judiciously manage hiring, other than October 2022, the month-over-month supplier delivery performance was the best since February 2012, when it registered 47 percent and material lead times declined approximately 9 percent from the prior month, approximately 18 percent over the last four months. percent is 0.4

Manufacturing 222

Manufacturing Business Planning Management Economy 222

The Big Picture

AUGUST 9, 2023

Previously : Earnings Ex -Inflation, There is No Inflation (September 26, 2005) Inflation Ex-Deflation (this time, INCLUDING energy) (June 22, 2012) CPI: Imperfect But Useful (May 24, 2022) The post What Earnings Recession? appeared first on The Big Picture.

Communication 246

Communication Banking Numbers 246

The Big Picture

JANUARY 30, 2023

27, 2023 Previously : One-Sided Markets (September 29, 2021) The Price of Paying Attention (November 2012) Manage Your Media Diet 1. It’s Not What Influencers Say It Is. By Lisa Rabasca Roepe New York Times, Jan.

Media 306

Media Economics Investing Investments 306

Mish Talk

DECEMBER 1, 2022

The index year is 2012. Real, inflation-adjusted inventory data from the BEA via St. Louis Fed, chart by Mish. The chart shows "real" inflation-adjusted inventories. In four of the last six recession, inventories continued to build well into recession. In the other two, inventories peaked just prior to or at the start of recession.

Manufacturing 208

Manufacturing Retail Economy Economics 208

The Big Picture

AUGUST 8, 2023

60 Years of Uncertainty Hites Ahir, Nicholas Bloom, Davide Furceri IMF, March 2020 _ 1.

Distribution 246

Distribution Economics Communication Media 246

The Big Picture

MARCH 10, 2023

October 7, 2022) Transitory Is Taking Longer than Expected (February 10, 2022) Who Is to Blame for Inflation, 1-15 (June 28, 2022) Wealth Effect Rumors Have Been Greatly Exaggerated (November 16, 2010) The post The Fed is Breaking Things (and it could get worse) appeared first on The Big Picture.

Banking 342

Banking Assets Management Economy 342

Calculated Risk

DECEMBER 27, 2023

This graph shows the Freddie multi-family serious delinquency rate since 2012. Rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that multi-family delinquencies increased to 0.28% in November, up from 0.15% in November 2022.

Marketing 122

Marketing Marketing 122

The Big Picture

MAY 9, 2024

Previously : Simple, But Hard (January 30, 2023) One-Sided Markets (September 29, 2021) The Price of Paying Attention (November 2012) See also : Welcome to FinTok, Where Day Trading, Options Investing, and Misinformation Reign ( Institutional Investor , September 25, 2020) TikTok Influencers Promise They’ll Make You Rich.

Media 336

Media Taxes Math Investing 336

The Big Picture

MAY 21, 2023

New York Times ) • Justice Thomas Ethics Review Questioned by US Court Leader in 2012 : Thomas faced complaints in 2011 over reporting wife’s income Judiciary leadership member objected to lack of information.

Insurance 299

Insurance Healthcare Nonprofit Ethics 299

Calculated Risk

FEBRUARY 28, 2024

This graph shows the Freddie multi-family serious delinquency rate since 2012. There ismore in the article.

124

124

Calculated Risk

OCTOBER 18, 2022

This is the lowest confidence reading since August 2012, with the exception of the onset of the pandemic in the spring of 2020. This was well below the consensus forecast, and the lowest level since 2012 (excluding the two-month drop at the beginning of the pandemic). emphasis added Click on graph for larger image.

Sales 140

Sales Numbers Marketing Marketing 140

The Big Picture

APRIL 11, 2024

August 25, 2012) The Death of Active Management Has Been (Somewhat) Exaggerated , (April 5, 2017) Why is Active Failing? The patsies at the table soon figured out they did not want to play Wall Street’s games. Their solution was to own the market, and let someone else pay a high management fee.

Commission 351

Commission Taxes Management Electronics 351

Calculated Risk

JANUARY 30, 2024

This graph shows the Freddie multi-family serious delinquency rate since 2012. Rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that the multi-family delinquencies rate was unchanged at 0.28% in December, and up from 0.12% in December 2022.

Marketing 110

Marketing Marketing 110

The Big Picture

JULY 12, 2023

They also offer a suite of premium analytic mapping tools that cover: Over/Under Valued %, Value/Income Ratio, House Payment as % of Median Income, % Crash from 2007-2012, Shadow Inventory %, Cap Rate, Buy vs Rent Calculator %, Rent as a % of Income.

Sales 245

Sales Taxes Economy Marketing 245

Calculated Risk

MAY 31, 2024

This graph shows the Freddie multi-family serious delinquency rate since 2012. Rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that the multi-family delinquencies rate increased to 0.35% in April, up from 0.34% in March, and down from 0.44% in January.

Marketing 112

Marketing Marketing 112

Wealth Management

APRIL 10, 2024

After leaving Linscomb & Williams last year to launch an independent RIA that cuts clients in on profits, Harold Williams and his brother are being sued by the bank that bought their firm in 2012.

Clients 115

Clients Banking 115

The Big Picture

JULY 25, 2023

The 10-year returns for equities (2012-2021) when the SPX generated 16.6% They show just how much the average investor’s lack of discipline costs them in terms of returns. That underperformance between asset class returns and investor returns is the behavior gap. annual returns, the average investor only gained 8.7%

Assets 246

Assets Accounting Taxes Economics 246

The Big Picture

AUGUST 2, 2023

Bloomberg ) • Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value Crystal Mall in Connecticut, worth $150 million in 2012, recently sold for $9.5 But it’s not.(

Economy 246

Economy Investing Investments Banking 246

Wealth Management

MAY 23, 2024

So in 2012, he left to launch SteelPeak Wealth with $250 million in AUM. After a dozen years in the wirehouse world, Reza Zamani began to recognize the limitations inherent to the model. Today, it manages $3 billioon with 20 advisors on the team.

Wealth Management 114

Wealth Management Management Financial Advisor 114

Calculated Risk

NOVEMBER 29, 2023

This graph shows the Freddie multi-family serious delinquency rate since 2012. Rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that multi-family delinquencies increased to 0.26% in October, up from 0.15% in October 2022.

Marketing 117

Marketing Marketing 117

Calculated Risk

SEPTEMBER 29, 2023

This graph shows the Freddie multi-family serious delinquency rate since 2012. Delinquency rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that multi-family delinquencies increased to 0.25% in August, up from 0.12% in August 2022.

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121

The Big Picture

NOVEMBER 27, 2023

October 22, 2012) Investing via Media Market Timing (February 8, 2009) Forecasting & Prediction Discussions Sources : We Found 30 Timing Strategies that “Worked”—and 690 that Didn’t By Wei Dai, PhD, Audrey Dong, DFA, Oct 31, 2023 In the Stock Market, Don’t Buy and Sell.

Marketing 304

Marketing Marketing Math Retirement Planning 304

Calculated Risk

MARCH 27, 2024

This graph shows the Freddie multi-family serious delinquency rate since 2012. Rates were still high in 2012 following the housing bust and financial crisis. Freddie Mac reports that the multi-family delinquencies rate declined to 0.35% in February, and down from 0.44% in January.

Marketing 108

Marketing Marketing 108

Calculated Risk

DECEMBER 29, 2023

Several years later, in early 2012, when many people were still bearish on housing, the plunge in inventory in 2011 (blue arrow on graph below) helped me call the bottom for house prices in early 2012 (see The Housing Bottom is Here ). Somewhat lower mortgage rates - and time - will likely lead to more new listings in 2024.

Economics 116

Economics Sales Marketing Marketing 116

The Big Picture

AUGUST 30, 2023

Even still, it shows the impact of the compounded performance gap (regardless of cause) over longer holding periods… JPM charts from my July 24, 2023 post, Underperforming Your Own Assets : Over 10 years, (2012-2021) the SPX generated 16.6% annual returns, but the average investor only gained 8.7%

Assets 243

Assets Investing Investments Taxes 243

Calculated Risk

NOVEMBER 8, 2023

Several years later, in early 2012, when many people were still bearish on housing, the plunge in inventory in 2011 (blue arrow on graph below) helped me call the bottom for house prices in early 2012 (see The Housing Bottom is Here ).

Marketing 116

Marketing Marketing 116

Calculated Risk

OCTOBER 28, 2022

The following graph shows real Personal Consumption Expenditures (PCE) through September 2022 (2012 dollars). The PCE price index, excluding food and energy, increased 5.1 percent YoY, up from 4.9 percent in August. Note that the y-axis doesn't start at zero to better show the change. Click on graph for larger image.

Food 145

Food Economics 145

Calculated Risk

AUGUST 26, 2022

The following graph shows real Personal Consumption Expenditures (PCE) through July 2022 (2012 dollars). The PCE price index, excluding food and energy, increased 4.6 percent YoY, down from 4.8% Note that the y-axis doesn't start at zero to better show the change. Click on graph for larger image.

Food 143

Food Economics 143

Calculated Risk

JUNE 8, 2023

From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. homeowners with a mortgage lost a small amount of equity year over year for the first time since early 2012, while national combined equity followed suit.

Numbers 145

Numbers Distribution Accounting 145

Calculated Risk

DECEMBER 23, 2022

The following graph shows real Personal Consumption Expenditures (PCE) through November 2022 (2012 dollars). The PCE price index, excluding food and energy, increased 4.7 percent YoY, down from 5.0 percent in October. Note that the y-axis doesn't start at zero to better show the change. Click on graph for larger image.

Food 145

Food Economics 145

The Big Picture

DECEMBER 5, 2024

Bloomberg , October 9, 2015 Art Cashin’s Tis the day before New Year’s (December 31, 2014) Art Cashin Just Gave A Hilarious Wall Street History Lesson Going Back To The 1950s by Linette Lopez Business Inside, Oct 8, 2013 TBP 2013: Fireside Chat with Trading Legend Art Cashin (October 3, 2013) Art Cashin: Black Monday, An Unforgettable Single Day (October (..)

Compliance 290

Compliance Marketing Marketing Management 290

Calculated Risk

JULY 29, 2022

The following graph shows real Personal Consumption Expenditures (PCE) through June 2022 (2012 dollars). The PCE price index, excluding food and energy, increased 4.8 percent YoY, up from 4.7 percent in May. Note that the y-axis doesn't start at zero to better show the change. Click on graph for larger image.

Food 136

Food Economics 136