The Big Picture

JULY 20, 2023

The offering comes from Innovator Capital Management, which launched the first so-called buffer ETFs, also sometimes referred to as defined-outcome funds, in 2018.” – Bloomberg Let’s get this out of the way: I dislike any product that exchanges a portion of your potential gains in exchange for downside protection.

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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?

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Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

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The Big Picture

MARCH 3, 2023

Meaning, you do not get the 8-10% long-term gains without living through a significant number of market events, ranging from cyclical drawdowns to longer secular bear markets, and full-on crashes. 2000-13 : Secular bear market did not make new highs until March 2013 2018 : ~20% pullback as the economy slowed, FOMC hiked.

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Marketing Marketing Economics Portfolio 336

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. I guess I got lucky in January or February of 2018. New York is number one. She can go anywhere, do anything. Thank you for having me.

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Good Financial Cents

AUGUST 14, 2023

The creator(s) of this first-of-its-kind asset developed the cryptocurrency in response to the Great Recession of 2007-2009 , spurred by a distrust of the traditional banking system and concerns about its stability. Read on for insights on Bitcoin milestones, historical returns, and how its returns compare to those of other assets.

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Brown Advisory

NOVEMBER 28, 2018

2018 Year-End Planning Letter. Wed, 11/28/2018 - 08:38. As we discuss below, the new tax law offers a number of opportunities for adjusting long-term plans. Now those limits are $10 million and $20 million respectively; after factoring in inflation, the 2018 limit is $11.18 Individual income tax changes.

Planning 52

Planning Taxes Clients Estate Planning 52

Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. In 2018, the brackets dropped to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. In recent years, a number of states developed a sort of workaround for business owners to navigate the SALT cap.

Taxes 101

Taxes Tax Planning Planning Estate Planning 101

Brown Advisory

MAY 31, 2018

NOW 2018 | What Makes a Great Leader? achen Thu, 05/31/2018 - 09:49 What do the Magna Carta, the Washington Monument and giant pandas have in common? Rubenstein values history as a tangible, physical asset, and he feels that experiencing the real thing is more inspiring than simply viewing a memory on a computer screen.

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Brown Advisory

MAY 31, 2018

NOW 2018 | What Makes a Great Leader? Thu, 05/31/2018 - 09:49. During the NOW 2018 conference, Rubenstein and Brown Advisory CEO Mike Hankin engaged in a rapid-fire conversation that covered Rubenstein’s thoughts on a wide range of topics, from the Founding Fathers to Facebook and Twitter.

Government 52

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Random Roger's Retirement Planning

MARCH 12, 2025

AQR Multi-Asset (AQRIX) used to be called Risk Parity and it also does some quadranty stuff. It's growth rate since inception is 3.58% going back to September, 2018 but a lot of that comes from a 15% lift in 2021 (numbers per testfol.io). PRPFX is the inspiration for all of these so of course we're including that one.

Portfolio 59

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Brown Advisory

MAY 30, 2018

NOW 2018 | The Global Refugee Crisis. Wed, 05/30/2018 - 17:06. According to the United Nations, more than 65 million people are currently forcibly displaced from their homes, a larger number than at any time since World War II. The world currently faces one of the most tragic humanitarian crises in modern history.

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Random Roger's Retirement Planning

FEBRUARY 14, 2025

Right or wrong, I think of endowment style investing as being a similar to the Permanent Portfolio, not so much quadrants but more like disparate asset class segments which gets us to a paper about endowment asset allocation from True North Institute. It's only down year was 2018 with a decline of 7.91%.

Portfolio 52

Portfolio Asset Allocation Assets Management 52

Brown Advisory

MARCH 30, 2018

Outlook for 2018 | Confronting the Unknown. Fri, 03/30/2018 - 11:57. While February’s volatility did not materially change our asset allocation views, it reinforced to us the importance of a comprehensive discussion about how we think about risk and how we manage it.

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Brown Advisory

MAY 31, 2018

NOW 2018 | China and the Race for Artificial Intelligence achen Thu, 05/31/2018 - 09:20 The advent of artificial intelligence (AI) is one of the top technology stories in recent years. It should not be assumed that investments in such securities or asset classes have been or will be profitable. Sharpened by both the U.S.

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Brown Advisory

MAY 31, 2018

NOW 2018 | China and the Race for Artificial Intelligence. Thu, 05/31/2018 - 09:20. The race is on to lead the world in AI innovation, and a panel of experts at NOW 2018 offered insight on the competitive dynamics between the two global superpowers driving progress in AI. Sharpened by both the U.S.

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The Big Picture

OCTOBER 9, 2024

He’s written numerous books on the subject, including Damodaran on Valuation, Narrative and Numbers, and the textbook Investment Valuation Tools and Techniques for Determining the Value of Any Asset. purely by luck in 2018. I’m not saying intrinsic value is somehow a stable stagnant number.

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Random Roger's Retirement Planning

MARCH 29, 2025

First up, Phillip Toews who runs an asset management shop and who wrote a book about about behavioral portfolio construction wrote about understanding market history and a section on how to build robust portfolio that reads like he could have outsourced that part of the article to me.

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Trade Brains

FEBRUARY 22, 2024

The higher the asset quality of banks, the better the state of the economy. According to the FY23 report, the total number of employees was 27,517. Battled Crisis The company, which was once an outperformer and the 5th largest private bank in the country, ran into problems due to stressed assets such as ADAG, Essel Group, and DHFL.

Banking 104

Banking Planning Accounting Retail 104

Brown Advisory

JUNE 14, 2018

NOW 2018 Conference: Our Investment Team’s Roundtable Recap achen Thu, 06/14/2018 - 10:27 The NOW conference is always memorable, but this year’s conference included some particularly compelling and provocative ideas. A good number of attendees recoiled in displeasure and an equivalent number perked up eagerly.

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Brown Advisory

JUNE 14, 2018

NOW 2018 Conference: Our Investment Team’s Roundtable Recap. Thu, 06/14/2018 - 10:27. A good number of attendees recoiled in displeasure and an equivalent number perked up eagerly. but a number of folks were quite optimistic about anticipated progress. The cost for the self-driving systems are declining rapidly.

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Investments Investing Clients Numbers 52

Carson Wealth

AUGUST 12, 2024

The late week rebound was supported by better economic data, including some good jobs-related numbers. We will keep things very simple here, but the Bank of Japan (BOJ) surprised markets with a rate hike which lead to a big move in the yen, which in turn unwound the yen “carry trade,” causing many risk assets to sell off heavily.

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Marketing Marketing Numbers Economy 95

Brown Advisory

NOVEMBER 8, 2018

Private Credit: A Surprisingly All-Weather Asset Class. Thu, 11/08/2018 - 09:35. Private credit has experienced a post-recession boom, but with rates rising steadily and default risk possibly increasing as well, some view the asset class with caution. Does the asset class still make sense in this environment?

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Assets Portfolio Investments Investing 52

Random Roger's Retirement Planning

APRIL 17, 2024

I don't know whether those weightings can vary but the numbers come off the home page for the fund. TRTY only goes back to late 2018 so I build the following to try to replicate it with exposure I believe to be consistent with what TRTY owns. Reacting in the middle of 2022 after learning too much was allocated to risk assets?

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The Irrelevant Investor

JUNE 15, 2019

trillion in assets. In 2018, 52% of all participants at Vanguard were invested in a single target-date fund. In 2018, 52% of all participants at Vanguard were invested in a single target-date fund. They anticipate that by 2023 80% of all assets at Vanguard will be in an automatic investment program.

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The Big Picture

OCTOBER 21, 2024

Really, there are a few people in the world who have a better sense of distress, asset credit, real estate, and how to not only do the fundamental research, but tactically trade around the positions. The buyers didn’t have the ability to go cross assets and cross, let’s say, ratings as, as they are today.

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Numbers Banking Investments Investing 147

Random Roger's Retirement Planning

JUNE 26, 2024

I stumbled into an old podcast from Resolve Asset Management that looked at the lack of differentiation from most factors and how to seek out "orthogonality" to get better diversification. In 2018 the S&P 500 was down a little over 4% and managed futures was down about 8%. But what if the numbers were bigger?

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Portfolio Management Numbers Taxes 95

Random Roger's Retirement Planning

APRIL 23, 2024

The simplistic definition is that risk parity equal weights asset classes by their volatility. There can be other things in there too like commodities and there can also be management of the weightings to account for changes the volatility profiles of the various asset classes. It briefly went to zero in 2018 and then came right back.

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Random Roger's Retirement Planning

AUGUST 8, 2022

The general ideas being explored by a small number of market participants at this point are useful and I think we're going to see a lot more investment products and conversations about these concepts and strategies. Relying on certain cross asset dynamics that usually work always working is a bad bet. and SPLV was down 8%.

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The Irrelevant Investor

OCTOBER 16, 2019

The 20 largest ETFs have $1.556 trillion in assets. trillion worth of trades either directly in or linked to the S&P 500 in 2018, as you can see in the chart below. However, using an asset-weighted average, the holding period drops to just 11 days. While the indexes they track are passive, their users are anything but.

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Random Roger's Retirement Planning

AUGUST 28, 2024

The Catalyst/Aspect Enhanced Multi-Asset Fund (CASIX) just started trading at the start of the year. It seems to take a page from client/personal holding Standpoint Multi-Asset (BLNDX) by layering managed futures on top of, in this case, a passive 60/40 portfolio. I would also note that managed futures did worse in 2016 than 2018.

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Trade Brains

SEPTEMBER 19, 2023

Among evolving markets with market participants, cryptocurrency exchanges have also increased in number for the easy usage of digital currency markets with well-built technology and trust. Decentralised exchanges are autonomous bodies that work on distributed ledger concepts where users control their digital assets with more privacy.

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WiserAdvisor

FEBRUARY 21, 2023

In 2018, there were approximately 52.4 Some studies also show that by 2034, the number of older adults will outnumber children. Due to the lack of technological know-how in the older generation, many scammers use new-age methods, such as obtaining passwords, account numbers, Social Security numbers, etc.,

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Random Roger's Retirement Planning

JULY 15, 2023

One seems to apply trend following to multiple assets including a large weighting to equities and the other looks to provide an absolute return strategy that kicks off an income stream. We wrote a few posts last year about the Rational ReSolve Adaptive Asset Allocation Fund (RDMIX) which is intended to be an all weather strategy.

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The Irrelevant Investor

NOVEMBER 16, 2018

Things were going well for crude oil in 2018. No way to substantiate this, but I'm guessing ~10% is the average exposure to commodities for investors that hold the asset class. It's easy to get caught up in large numbers, but context is required. The black gold hit nearly $77 a barrel, reaching its highest level in four years.

Numbers 52

Numbers Portfolio Assets Investing 52

Random Roger's Retirement Planning

MAY 11, 2024

I will again interject the idea of means testing though, I think that is more plausible for higher income people or those with more assets. I backtested May, 2015 to May 2018 which included one pretty good year, one average year and portions of two years that were flat. If that number seems too big, it isn't.

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Retirement Planning Taxes Accounting 66

Trade Brains

SEPTEMBER 29, 2023

According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles registered the highest-ever domestic sales in 2022- 23, surpassing the previous peak of 2018-19. Commercial vehicles too performed well, coming close to the previous sales peak of 2018-19. 2-wheelers fail to keep pace with other automobile segments.

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