The Reformed Broker

JUNE 4, 2023

We talked innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, and much more! Petersburg area this week and got to spend some time with the founder of ARK Invest. Watch or listen to the episode below. You can watch the new TCAF below or l.

Investing 177

Investing Investments 177

The Big Picture

NOVEMBER 14, 2022

It is tremendously humbling to recognize how little we actually know and how easy it is to misunderstand any complex system — be it politics, markets, or just the world around us… See also : Blueprint for the Global Village (This View Of Life, Sep 4, 2014). Previously : Unconventional Wisdom (November 9, 2022). August 9, 2022).

Management 317

Management Marketing Marketing 317

The Big Picture

SEPTEMBER 13, 2023

Previously : MiB: Laszlo Birinyi (September 13, 2014) How News Looks When Its Old (October 29, 2021) The post Birinyi’s Axioms appeared first on The Big Picture. Predicting rain doesn’t count; building arks or selling umbrellas does. You are the only judge of experts. Free advice is not worth it. Investing really is a profession.

Media 219

Media Clients Investing Investments 219

Nerd's Eye View

DECEMBER 18, 2023

Accordingly, just as I did last year , and in 2021 , 2020 , 2019 , 2018 , 2017 , 2016 , 2015 , and 2014 , I've compiled for you this Highlights List of our top 2 2 articles in 2023 that you might have missed , along with a few of our most popular episodes of "Kitces & Carl" and the "Financial Advisor Success" podcasts.

Financial Advisor 246

Financial Advisor Numbers 246

The Big Picture

DECEMBER 8, 2023

Don’t have one] (August 2nd, 2013) NFP: Pay No Attention to the Statistician Behind the Curtains (January 10, 2014) Don’t Suffer From Denominator Blindness (October 14, 2015) _ 1: All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S.

Numbers 264

Numbers Retirement Economy Accounting 264

The Big Picture

NOVEMBER 10, 2023

June 21, 2021) Tversky and Kahneman Changed How We Think (December 5, 2016) How Shiller helped Fama win the Nobel (October 26, 2013) Plus, I have to include the discussion of Amos Tevarsky and Danny Kahnemann: Michael Lewis on The Undoing Project (December 10, 2016) The post MiB: The Nobel Laureates appeared first on The Big Picture.

Investing 147

Investing Investments Marketing Marketing 147

The Big Picture

APRIL 26, 2023

Previously : How Market Tops Get Made (March 12, 2014) 2021: Small, Medium & Large Cap Returns (January 4, 2022) Top 5 Stocks: What Does This Mean? There is always a good reason to notice when markets get too narrow at the end of a long bull market, especially as major indices make all-time highs.

Portfolio Management 288

Portfolio Management Marketing Marketing Portfolio 288

Nerd's Eye View

JUNE 10, 2024

It quickly became a perennial favorite on Nerd's Eye View, and so I've updated it every year, with new lists of books in 2014 , 2015 , 2016 , 2017 , 2018 , 2019 , 2020 , 2021 , 2022 , and a fresh round last year in 2023.

Financial Advisor 246

Financial Advisor Financial Planner Clients Communication 246

The Big Picture

MARCH 18, 2024

Barron’s cover coincided with reports that demand for the new iPhone X may be weaker than expected. I would love to identify the original author of this quote; the history seems inconclusive.

Marketing 336

Marketing Marketing Media Investing 336

The Big Picture

JULY 7, 2023

Since MiB launched in 2014, smarter, longer-form, in-depth interview formats have become increasingly popular. How did they make important career decisions? How did they develop their investment philosophy? What were they reading? Other fields were doing this, why not finance?

Engineering 331

Engineering Media Management Investing 331

The Irrelevant Investor

NOVEMBER 6, 2022

One of those moments was in 2014 (15?) There are a handful of times in my life where the first encounter with somebody stayed with me forever. when I met Scott Krisiloff. At the time, Scott was running an asset management company, but the thing that hit me had nothing to do with his day job.

Assets 142

Assets Management 142

The Big Picture

NOVEMBER 2, 2023

Not So Fast (April 3, 2020) Redefining Bull and Bear Markets (August 14, 2017) Secular market cycles reflect geo-political, economic and technological issues of era (November 15, 2014) Is the Secular Bear Market Coming to an End?

Taxes 288

Taxes Portfolio Marketing Marketing 288

Nerd's Eye View

NOVEMBER 9, 2022

The passage of the Affordable Care Act in 2014 introduced many changes to the healthcare landscape in the United States. One of these changes was the ability for children to remain on their parents’ health insurance plan until they reach age 26.

Accounting 246

Accounting Taxes Healthcare Medical 246

Nerd's Eye View

JUNE 12, 2023

It quickly became a perennial favorite on Nerd's Eye View, and so I've updated it every year, with new lists of books in 2014 , 2015 , 2016 , 2017 , 2018 , 2019 , 2020 , 2021 , and a fresh round last year in 2022.

Financial Advisor 246

Financial Advisor Financial Planner Professional Services Clients 246

The Big Picture

NOVEMBER 11, 2022

One of those moments was in 2014 when I met Scott Krisiloff. . • 12 Lessons on Money and More From Warren Buffett and Charlie Munger : Wisdom from two of the world’s most successful investors. Morningstar ). • The Fingerprints of History : There are a handful of times in my life where the first encounter with somebody stayed with me forever.

Management 246

Management Accounting Assets Planning 246

Nerd's Eye View

DECEMBER 26, 2022

Accordingly, just as I did last year, and in 2020, 2019, 2018, 2017, 2016, 2015, and 2014, I've compiled for you this Highlights List of our top 20 articles in 2022 that you might have missed , along with a few of our most popular episodes of ‘Kitces & Carl’ and the ‘Financial Advisor Success’ podcasts.

Financial Advisor 245

Financial Advisor Financial Advice Estate Planning Planning 245

The Big Picture

SEPTEMBER 20, 2023

Higgins Federal Reserve Bank of Atlanta, July 1, 2014 1. Data inputs include retail sales, industrial production, real personal income, real personal consumption expenditures, net exports, and more.

Banking 147

Banking Economics Retail Economy 147

The Big Picture

JANUARY 5, 2024

the firm provides first lien, unitranche and junior debt to over 3,700 European middle market companies since 2014. He oversees all of the firm’s private markets strategies as Head of Private Markets.

Education 189

Education Management Investing Investments 189

The Big Picture

NOVEMBER 21, 2022

46, October 2014). Here is what it looks like if we play around with the ratios, both 2-to-1 and 5-to-1 ; click ratios for FRED charts; click images below for larger charts. 2 to 1 Unemployment to Inflation ( Oswald ). 5-to-1 Unemployment to Inflation ( Blanchflower ). Economic Discomfort and Consumer Sentiment (SSRN Apr 2000).

Economics 325

Economics Budgeting Taxes Economy 325

A Wealth of Common Sense

SEPTEMBER 17, 2024

In 2014 I wrote a piece called What If You Only Invested at Market Peaks? I’m at Future Proof this week with 4,000 friends in the financial advice space. Here’s a look back at the most popular post in A Wealth of Common Sense history. *

Investing 116

Investing Investments Financial Advice Marketing 116

The Big Picture

OCTOBER 3, 2024

November 29, 2009) Harvard: Not So Smart After All (December 4, 2008) Archive: University Endowments Sources : Harvard ignored warnings about investments ( Mirror ) Advisers told Summers, others not to put so much cash in market; losses hit $1.8b

Medical 133

Medical Management Investing Investments 133

The Big Picture

MAY 16, 2023

Well, the consolidation we predicted has happened: Last year saw 112 hospital mergers (up 18% from 2014). ( Commonweal ) see also The Harms of Hospital Mergers and How to Stop Them : There is robust evidence that hospital mergers cause an array of problems, whether between direct competitors or not.

Economy 263

Economy Economics Education Government 263

Meb Faber Research

MARCH 8, 2024

Guest: Tim Ranzetta is the Founder of Next Gen Personal Finance, a non-profit organization to connect educators with free resources and equip students with the knowledge and skills to lead financially successful and fulfilling lives since 2014.

Education 109

Education Investing Investments Marketing 109

The Big Picture

FEBRUARY 14, 2023

Program ( NYT , December 16, 2017) Previously : Judgment Under Uncertainty (March 25, 2022) Investing is a Problem-Solving Exercise (January 31, 2022) Learning to say “I Don’t Know” (September 9, 2016) You Are Worrying About the Wrong Things (October 22, 2014) The Fine Art of Being Worng Wrong (April 26, 2013) The many hats of great investors (May (..)

Investing 299

Investing Investments Management Insurance 299

The Big Picture

SEPTEMBER 2, 2023

You can hear our previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here.

Consulting 182

Consulting Banking Sales Investing 182

Wealth Management

DECEMBER 21, 2022

That was the 11th consecutive quarter of gains, the longest streak since 2014.

Banking 111

Banking Marketing Marketing 111

The Big Picture

DECEMBER 5, 2024

Sources : Art Cashin, New York Stock Exchange fixture for decades, dies at age 83 Bob Pisani CNBC, Dec 2 2024 Cashin on the Cuban Missile Crisis / North Korea (August 14, 2017) The World Is Ending? Invest as If It Won’t.

Compliance 290

Compliance Marketing Marketing Management 290

Wealth Management

DECEMBER 19, 2022

Denver Broncos owner Pat Bowlen resigned as CEO of the team in 2014 and died in 2019. His unique estate plan tasked a group of trustees with finding a new owner.

Estate Planning 104

Estate Planning Planning 104

Calculated Risk

MAY 8, 2023

The left graph is 1990 to 2014. Standards tightened for all consumer loan categories; demand weakened for auto and other consumer loans, while it remained basically unchanged for credit cards. emphasis added Click on graph for larger image. This graph on Residential Real Estate demand is from the Senior Loan Officer Survey Charts.

Banking 145

Banking Government Marketing Marketing 145

The Big Picture

DECEMBER 18, 2024

Let’s have a look: Over the 10 year period from 2014 to 2023, CA has grown its QSR workforce by 31.5% The fact that California has trounced the rest of the country over the course of a decade tells me much more than a relatively small loss over the course of three quarters. to only 19.5% to just 18.8%

Food 260

Food Math Numbers Economics 260

Mish Talk

DECEMBER 2, 2022

Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report. Despite the gains, wages have not kept up with inflation. However, Fed Chair Jerome Powell will not be pleased with these strong wage gains.

Manufacturing 327

Manufacturing Retirement Numbers Economics 327

The Big Picture

JULY 18, 2023

That exodus marks a notable shift for a fund that had consistently drawn investor cash since its 2014 inception. They have pulled a net $717 million from the ARK Innovation ETF over the past 12 months, according to FactSet.

Portfolio Management 237

Portfolio Management Economy Assets Management 237

Calculated Risk

AUGUST 5, 2024

The left graphs are from 1990 to 2014. This graph on Residential Real Estate demand is from the Senior Loan Officer Survey Charts. This graph is for demand and shows that demand has declined. The right graphs are from 2015 to Q2 2024.

Banking 131

Banking 131

A Wealth of Common Sense

AUGUST 2, 2022

There were no down 5% or worse months in all of 2017, 2016, 2014 or 2013. These are the monthly returns in the S&P 500 this year so far: January -5.2% February -3.0% April -8.7% There have been 3 months already this year when the market fell 5% or more. That didn’t happen once last year. It only happened twice in 20201.

Marketing 109

Marketing Marketing 109

Alpha Architect

JULY 21, 2022

Using multiple short sale measures, we examine the predictive power of short sales for future stock returns in 38 countries from July 2006 to December 2014. We find that the days-to-cover ratio and the utilization ratio measures have the most robust predictive power for future stock returns in the global capital market.

Sales 115

Sales Marketing Marketing 115

The Irrelevant Investor

APRIL 10, 2023

From 2014 through 2021, the average 30-year mortgage was 3.8%. The only thing wrong with it is when it was listed. This home would have sold for asking or above if it had been built twelve months earlier. The mortgage market has had a heck of a transformation over the past year. It recently hit 7%.

Marketing 109

Marketing Marketing 109

Calculated Risk

DECEMBER 30, 2022

For in depth description of these issues, see Jed Kolko's article from 2014 "Let’s Improve, Not Ignore, Seasonal Adjustment of Housing Data" Note: I was one of several people to question the change in the seasonal factor (here is a post in 2009 ) - and this led to S&P Case-Shiller questioning the seasonal factor too ( from April 2010 ).

Sales 142

Sales 142