The Big Picture

SEPTEMBER 16, 2023

She was named to CIO Magazone’s “40-Under-40” (2017) and received the Industry Innovation Award/Power 100 in 2019. Previously, she was CIO at the Employees’ Retirement System of the State of Hawaii, and managing director in the quantitative strategies group at the Maryland State Retirement Agency.

Assets 306

Assets Management Asset Allocation Risk Management 306

The Big Picture

AUGUST 12, 2024

October 2, 2017) Deficit Chicken Hawks vs Ronald Reagan (July 13, 2010) Politics & Investing The post Catastrophizing Debt appeared first on The Big Picture.

Economy 347

Economy Taxes Investing Investments 347

The Big Picture

DECEMBER 8, 2022

Howard Marks on What Matters Most (February 22, 2017). The Illusion of Knowledge (Oaktree Capital, September 2022), I Beg to Differ (Oaktree Capital, July 2022), Previously : MIB: Howard Marks, Oaktree Capital (October 6, 2018). The post What Doesn’t Matter appeared first on The Big Picture.

Investing 279

Investing Investments 279

The Big Picture

JANUARY 26, 2023

Register here : How to Avoid Financial Disasters: A Guide for the Ultra-High-New-Worth Investor Tuesday, February 21, 2023, at 10:15 am New York Marriott at the Brooklyn Bridge located at: 333 Adams Street Brooklyn, NY 11201 Previously : Why We Do What We Do (April 24, 2017) Advice for Rich Uncles and Others.

Accounting 297

Accounting Portfolio Investing Investments 297

The Big Picture

AUGUST 5, 2022

VinFast established in 2017 out of Hanoi, Vietnam, was founded by serial entrepreneur Pham Nhat Vuong — he’s Vietnam’s first billionaire and got his start in business selling instant ramen in the Ukrainian market. They plan to sell two all-electric sport-utility vehicles in the U.S.

Planning 288

Planning Marketing Marketing 288

The Big Picture

SEPTEMBER 9, 2023

She was named to Chief Investment Officer Magazines’ 40-Under-40, as well as winning the 2017 Industry Innovation Award, and a Power 100 member in 2019. Previously, she was Chief Investment Officer of Hawaii’s Employees’ Retirement System (“HIERS”).

Engineering 325

Engineering Management Portfolio Assets 325

The Big Picture

MARCH 18, 2023

The firm can go decades where they don’t talk about value (Post-GFC to 2017), because most everything else they do was working. Over that period, expensive companies outperformed not on price but because they out-executed and grew more in terms of earnings, sales, and cash flows.

Retirement 310

Retirement Management Sales Investing 310

Wealth Management

MARCH 11, 2024

Fidelity shook up its senior management ranks last month.

Management 106

Management 106

The Big Picture

AUGUST 17, 2022

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

Taxes 334

Taxes Portfolio Management Investing 334

The Big Picture

JUNE 22, 2023

Gold Chicago Booth Review, November 29, 2017 Previously : Top 0.1%: How Much Wealth Does It Take? I am not sure what any of this means, but it’s a fascinating issue; I am glad the Fed and FRED make this data available… See also : Never Mind the 1 Percent. Let’s Talk About the 0.01 Percent By Howard R.

Distribution 306

Distribution Assets Economics Numbers 306

The Big Picture

JANUARY 2, 2023

Previously : When to Sell Big Winners (December 20, 2017). I know that most New Year’s resolutions are destined to fail, and yet, we still are compelled to try. Along those lines, for this year, I hope to see more Freudenfreude and less Schadenfreude …. The post Freudenschaude appeared first on The Big Picture.

Startup 345

Startup Banking Accounting Management 345

The Big Picture

AUGUST 21, 2023

Joe Keohane Boston Globe, January 9, 2011 ( Mirror ) How to Get Rich and Famous From a Stock Market Crash By Spencer Jakab WSJ, Aug.

Marketing 246

Marketing Marketing Sales Management 246

The Big Picture

NOVEMBER 28, 2022

Previously : RIP: Rich Yamarone (November 29, 2017). This one is typical: If you want to make a donation, please use this link: Yammy CUNY Brooklyn Fund. Memorial Gift needs to be toggled with Richard A. Yamarone as “in memory of.”. Richard Yamarone Memorial Scholarship in Economics at Brooklyn College (April 17, 2018).

Economics 255

Economics 255

The Big Picture

MARCH 28, 2024

Previously : MiB: Danny Kahneman on Heuristics, Biases & Cognition (August 9, 2016) Tversky and Kahneman Changed How We Think (December 5, 2016) Some MIB background, Danny Kahneman Interview (February 15, 2017) The post Danny Kahneman: What if Everything is Narrative Fallacy? appeared first on The Big Picture.

Manufacturing 340

Manufacturing Economy Economics Marketing 340

The Big Picture

SEPTEMBER 26, 2024

“Hit Makers: The Science of Popularity in an Age of Distraction,” by Derek Thompson, Penguin Books, February 7, 2017 8. MAYA was first published as “ The Four-Letter Code to Selling Just About Anything ” By Derek Thompson, The Atlantic, January/February 2017. Why Did the Beatles Get So Many Bad Reviews?

Numbers 334

Numbers Communication Media Investments 334

Nerd's Eye View

OCTOBER 1, 2022

A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions.

Financial Planner 245

Financial Planner Retirement Planning Advertising Taxes 245

The Big Picture

MARCH 9, 2023

economist at Morgan Stanley August 19, 2017 Dana Telsey of TAG Retail Group January 7, 2017 Bethany McLean on Enron and Wall Street’s PR Machine March 22, 2016 J.P. MiB: Women in Finance Dominique Mielle, Canyon Capital ( coming March 24, 2023) Maria Vassalou, Goldman Sachs Asset Management March 4, 2023 Jennifer Grancio, Engine No.

Wealth Management 162

Wealth Management Management Engineering Investing 162

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). Then came the pandemic, and a huge federal worker subsidy. Workers upskilled and launched new businesses. The balance of power had shifted.

Medicine 331

Medicine Numbers Food Insurance 331

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

NOVEMBER 10, 2023

The list appears to be mostly (but not exclusively) behavioral finance types; here is the short-list of laurates, plus a few related columns of Nobel Winners: Danny Kahneman on Noise (May 15, 2021) Paul Krugman on Zombie Ideas (February 15, 2020) Gene Fama (with David Booth) on Efficient Markets (November 9, 2019) Michael Spence, on the Dynamics of (..)

Investing 147

Investing Investments Marketing Marketing 147

The Big Picture

OCTOBER 27, 2022

MiB: Scott Galloway on The Four (October 28, 2017). But I suspect we will be finding out over the next few quarters… See Also : Mark Zuckerberg Is Going To Kill His Company (Ed Zitron, October 26, 2022). Previously : Less than meets the eye at Facebook (February 18, 2012). What’s Ailing Tesla’s Stock? October 17, 2022).

Advertising 278

Advertising Media Marketing Marketing 278

The Big Picture

OCTOBER 4, 2022

Mansion Global ) see also The Boomtown That Shouldn’t Exist (2017) : Cape Coral, Florida, was built on total lies. . • Light Fades from Sun Belt Cities as More Contracts Are Canceled : Nationally, deals fell through on 15.2% of homes that went under contract in August. One big storm could wipe it off the map. Politico ). • How the U.S.

Banking 298

Banking Marketing Marketing Investing 298

The Big Picture

SEPTEMBER 15, 2023

She was named to Chief Investment Officer Magazines’ 40-Under-40, as well as winning the 2017 Industry Innovation Award, and a Power 100 member in 2019. Previously, she was Chief Investment Officer of Hawaii’s Employees’ Retirement System (“HIERS”).

Wealth Management 261

Wealth Management Management Government Investing 261

The Big Picture

OCTOBER 28, 2023

The Atlantic ) • Light and gravitational waves don’t arrive simultaneously : In 2017, a kilonova sent light and gravitational waves across the Universe. We finally have a comprehensive trial, but it’s left gastroenterologists with more questions than answers. Here on Earth, there was a 1.7 second signal arrival delay.

Wealth Management 278

Wealth Management Banking Financial Services Management 278

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

Carson Wealth

DECEMBER 8, 2023

One consideration this year is that we’re two years from the expiration of the Tax Cuts and Jobs Act of 2017 (TJCA). Plan for the Expiration of TJCA 2017 The biggest change to the Tax Cuts and Jobs Act of 2017 is that the gift and state tax exemption amounts will revert to the 2017 level of $5 million plus inflation adjustments for 10 years.

Planning 143

Planning Retirement Planning Taxes Retirement 143

The Big Picture

AUGUST 15, 2022

Redefining Bull and Bear Markets (August 14, 2017). Not So Fast (April 3, 2020). Bull Markets & P/E Multiple Expansion (June 22, 2018). Bull Markets Can’t Start Until Bear Markets End (March 9, 2018). Are We in A Secular Bull Market? November 4, 2016). Bull & Bear Markets. _.

Economy 328

Economy Marketing Marketing Economics 328

Calculated Risk

JULY 31, 2022

Here is a graph from Mortgagenewsdaily.com that shows the 30-year mortgage rate since 2017. After reaching 6.28% on June 14th, 30-year mortgage rates decreased to 5.13% on Friday according to Mortgagenewsdaily.com. The 10-year Treasury yield has fallen to 2.66%, likely due to the weaker economy.

Economy 143

Economy 143

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

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? Their solution was to own the market, and let someone else pay a high management fee. More to come later… Previously : Where Has the Retail Investor Gone?

Commission 351

Commission Taxes Management Electronics 351

Nerd's Eye View

OCTOBER 16, 2024

Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households.

Taxes 246

Taxes Clients Planning Numbers 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

Wealth Management

OCTOBER 3, 2024

The abrupt firing this week of Dan Arnold, who took over as LPL's CEO in 2017 and once told the firm’s advisors that his mission was about “taking care of you, so you can take care of your clients,” is proving a shock.

Clients 118

Clients 118

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

Calculated Risk

DECEMBER 4, 2023

Today, in the Calculated Risk Real Estate Newsletter: IICE (Black Knight) Mortgage Monitor: "Home prices continued sending mixed signals in October" A brief excerpt: And on Florida inventory: Florida has experienced some of the largest inventory gains in recent months • In fact, six of the nine markets seeing the strongest inventory growth over the (..)

Sales 124

Sales Marketing Marketing 124

Calculated Risk

NOVEMBER 27, 2024

The following graph shows real Personal Consumption Expenditures (PCE) through October 2024 (2017 dollars). The PCE price index, excluding food and energy, increased 2.8 percent YoY, up from 2.7 percent in September, and down from the recent peak of 5.4 percent in February 2022. Click on graph for larger image.

Food 121

Food Taxes Economics 121

Nerd's Eye View

APRIL 5, 2023

For instance, prior to the 2017 Tax Cuts and Jobs Act (TCJA), "A/B trusts" had become ubiquitous for spousal estate tax planning. However, the passage of TCJA resulted in the estate gift tax exemption nearly doubling (from $5.6M

Estate Planning 246

Estate Planning Planning Taxes Clients 246