The Big Picture

FEBRUARY 7, 2024

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. February 7, 2024) How much you pay for stocks really matters. Should value investing be part of that strategy? And on today’s edition of At the Money, we’re gonna discuss whether value investing should be part of your strategy.

Investing 296

Investing Investments Valuation Portfolio 296

Nerd's Eye View

APRIL 3, 2024

With a plethora of interdependent and ever-changing parts, gaining a clear (or even not-terribly-fuzzy) understanding of where the economy stands at any given moment is a daunting task, to say the least. At the same time, value and international stocks continue to lag, trading as if the economy is already in the depths of a serious recession.

Economics 244

Economics Marketing Marketing Valuation 244

Calculated Risk

JANUARY 10, 2024

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. 2) Employment: Through November 2023, the economy added 2.6 How much will job growth slow in 2024? Or will the economy lose jobs? There was strong job growth in 2021 and 2022 as the economy bounced back from the pandemic recession.

Economy 119

Economy Manufacturing Economics Sales 119

Abnormal Returns

APRIL 3, 2024

Markets A look back at Q1 2024 asset class returns. novelinvestor.com) Growth and value performance flip-flopped in March 2024. ft.com) Alternatives Alternative investments aren't going to save you in an apocalypse. theringer.com) Economy How well does consumer sentiment correlate with the real economy?

Financial Advising 264

Financial Advising Economy Media Economics 264

Abnormal Returns

JUNE 4, 2024

(bloomberg.com) Has the 'anti-woke' investing movement peaked? marginalrevolution.com) Economy Q2 GDP Nowcasts are coming down. marginalrevolution.com) Economy Q2 GDP Nowcasts are coming down. econbrowser.com) How 2024 Fed expectations have bounced around. riabiz.com) Global China's internet history is getting erased.

Financial Advising 294

Financial Advising Economy Valuation Media 294

Abnormal Returns

DECEMBER 22, 2023

wapo.st) Finance Links to all the Wall Street 2024 investment outlooks. ft.com) Six ETF market predictions for 2024 including a cooling off in the covered-call space. morningstar.com) Economy November PCE came in at 3.2% down from 5.6% at the peak.

Financial Advising 279

Financial Advising Media Economy Economics 279

Abnormal Returns

FEBRUARY 28, 2024

(blockworks.co) Strategy Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." fortunesandfrictions.com) The rise of passive investing hasn't broken the markets. disciplinefunds.com) What happens if you invest at a stock market top?

Valuation 279

Valuation Financial Advising Startup Media 279

Abnormal Returns

OCTOBER 14, 2024

mrzepczynski.blogspot.com) Strategy Five lessons from five great investing books. dariusforoux.com) Lessons learned from 20 years of investing including 'Insurance Is expensive for a reason.' etf.com) Economy Six things Presidential candidates want you to believe about the economy including 'The President controls gas prices.'

Financial Advising 279

Financial Advising Economy Assets Insurance 279

Abnormal Returns

JANUARY 28, 2024

(apnews.com) State and local election officials are seeing more threats headed into 2024. fasterplease.substack.com) Economy The U.S. economy is in its best shape since the 1990s. economy is the envy of the rest of the developed world. abnormalreturns.com) An example where investing out of spite doesn't work out.

Marketing 278

Marketing Marketing Financial Advising Economy 278

Abnormal Returns

FEBRUARY 27, 2024

market in 2024. biopharmadive.com) Strategy What happens when you invest right before a bear market? msn.com) Fund management Warren Buffett could have continued running investment partnerships with high fees, but he didn't. axios.com) Economy Home prices are still ticking higher.

Advertising 290

Advertising Financial Advising Communication Economy 290

Abnormal Returns

MAY 20, 2024

rogersplanning.blogspot.com) 11 investing principles from Bill Miller including how to avoid value traps. tker.co) The 18 best investing blogs of 2024. citywire.com) Economy Anecdotal evidence shows the consumer is doing well. (fortunesandfrictions.com) Why finance professionals should take less equity market risk.

Financial Advising 265

Financial Advising Media Economy Investments 265

Abnormal Returns

JULY 3, 2024

Strategy Politics and investing don't mix. rogersplanning.blogspot.com) Not all investment decisions are created alike. behaviouralinvestment.com) Finance A lot of loans got repriced in 2024, so far. axios.com) Economy Weekly initial unemployment claims are ticking higher.

Startup 277

Startup Financial Advising Media Economy 277

Abnormal Returns

MARCH 15, 2024

bloomberg.com) Fund management Passive investing is driving down fees on all type of funds. on.ft.com) When fund companies oversell the benefits of an investment. wsj.com) Economy 2024 Q1 GDP still tracking around 2% growth. hottakes.space) How the pandemic unleashed the 'introvert economy.' worth.com)

Financial Advising 264

Financial Advising Food Startup Wealth Management 264

Abnormal Returns

AUGUST 19, 2024

Markets There is big difference between politics and policies when it comes to investing. marginalrevolution.com) Economy Prices don't decline, but wages can increase. bloomberg.com) The homicide rate fell in 2023 and is plunging in 2024. optimisticallie.com) 20 pandemic darlings that have yet to rebound. jasher.substack.com)

Financial Advising 299

Financial Advising Startup Manufacturing Media 299

Abnormal Returns

MARCH 5, 2024

microcapclub.com) Being fearful is no way to invest. biopharmadive.com) Economy Heavy truck sales increased in February. abnormalreturns.com) The 2024 UBS Global Investment Returns Yearbook is here! Markets Industrials are leading. allstarcharts.com) Congratulations, goldbugs. dariusforoux.com) Why you should write more.

Financial Advising 291

Financial Advising Media Economy Sales 291

Abnormal Returns

MAY 28, 2024

Strategy Wealthy Americans invest a lot in alternatives, but that doesn't mean you need to. vox.com) Economy Through March 2024, Case-Shiller home prices increased some 6.5%. ft.com) Surveys are not the economy, and vice versa. ofdollarsanddata.com) The case against concentrated funds.

Financial Advising 265

Financial Advising Economy Media Government 265

Abnormal Returns

MAY 17, 2024

(theirrelevantinvestor.com) There are two approaches to investing. openvc.app) Economy Q2 2024 GDP is tracking in the mid-2%s. mrzepczynski.blogspot.com) It's easy to forget the pain of volatility. wggtb.substack.com) Venture capital Figma shareholders are getting an opportunity to sell stock, post-Adobe deal.

Financial Advising 265

Financial Advising Media Economy Numbers 265

Abnormal Returns

SEPTEMBER 26, 2024

earnings estimates, and margins, continue to tick higher in 2024. ft.com) Investing is simple but not easy. ft.com) Economy Weekly initial unemployment claims continue to trend lower. abnormalreturns.com) The investment world was a different place when Josh Brown started writing. Markets U.S. corporate profitability.

Financial Advising 279

Financial Advising Media Economy Investments 279

Abnormal Returns

JANUARY 5, 2024

vulture.com) Economy 10 things Joe Weisenthal and Tracy Alloway learned in 2023. bloomberg.com) Four megatrends heading into 2024 including a more normal economy. ritholtz.com) Patrick O'Shaughnessy talks investing in money managers with Erik Serrano who is the CEO of Stable Asset Management.

Economy 263

Economy Economics Management Assets 263

Abnormal Returns

APRIL 30, 2024

Strategy Widen your investing lens. cnbc.com) How Lilly plans to ramp production by 50% in 2024. nytimes.com) Economy February Case-Shiller showed a 6.4% awealthofcommonsense.com) The best investors are running their own race. axios.com) Walmart ($WMT) is getting out of the health clinic business.

Financial Advising 290

Financial Advising Communication Media Economy 290

The Big Picture

JUNE 17, 2024

These reflect the economic dominance of one specific part of the economy or another for very long periods of time. You might be surprised at the findings. As the chart above shows, there are long periods of market concentration. Increased concentration is a sign of a bull market and bear markets reduce concentration.”

Marketing 316

Marketing Marketing Engineering Economics 316

Abnormal Returns

JUNE 7, 2024

Listening The best podcasts of 2024 including 'Stick the Landing' from The Ringer. theverge.com) Economy Ezra Klein talks with Annie Lowery about the growing economic disconnect. econofact.org) Kyla Scanlon Guy Adami and Dan Nathan talk with Kyla Scanlon author of "In This Economy: How Money and Markets Really Work."

Economy 265

Economy Economics Investing Investments 265

Abnormal Returns

MARCH 7, 2024

theincidentaleconomist.com) Global Italy's economy is having a moment. cnn.com) Economy Wholesale used car prices are down 13.1% abnormalreturns.com) The 2024 UBS Global Investment Returns Yearbook is here! (businessinsider.com) Why sports gambling addiction is on the rise. year-over-year.

Financial Advising 264

Financial Advising Food Economy Media 264

Abnormal Returns

JANUARY 9, 2024

(ft.com) Venture capital volume is likely to stay muted in 2024. etf.com) Dating Match Group ($MTCH) has attracted an activist investor in Elliott Investment Management. etf.com) Dating Match Group ($MTCH) has attracted an activist investor in Elliott Investment Management.

Financial Advising 264

Financial Advising Media Economy Economics 264

Abnormal Returns

APRIL 22, 2024

Markets Commodities are having a standout 2024. capitalspectator.com) When did investing become so political? semafor.com) Economy A look at broadening real wage growth. economist.com) ETFs Grayscale's Bitcoin Mini Trust will have a 0.15% expense ratio. coindesk.com) More mutual fund to ETF conversions are coming. Not any more.

Financial Advising 263

Financial Advising Startup Media Economy 263

Abnormal Returns

FEBRUARY 13, 2024

marginalrevolution.com) Alternatives Alternative investments are generally sold, not bought. riabiz.com) Economy Core CPI ex-shelter was up 2.2% calculatedriskblog.com) Shelter inflation should continue to drop in 2024. Markets Why the Magnificent Seven are outperforming: earnings. year-over-year in January, unchanged from 2.2%

Financial Advising 278

Financial Advising Startup Retail Media 278

Abnormal Returns

DECEMBER 20, 2023

newsletter.rationalwalk.com) Product-wise, 2024 will be a bigger year for Apple ($AAPL) than 2023. visualcapitalist.com) Economy The Fed is moderately tight. abnormalreturns.com) Research links: persistent investment factors. moretothat.com) You will make mistakes in 2024. buy back shares? Don't let them define your life.

Financial Advising 260

Financial Advising Valuation Media Economy 260

Abnormal Returns

APRIL 25, 2024

axios.com) Investment consultants Nearly all U.S. institutional investors work with a investment consultant. institutionalinvestor.com) Investment consultants hold a lot of sway over pension funds. klementoninvesting.substack.com) Economy Q1 2024 GDP came in at 1.6%

Accounting 265

Accounting Consulting Financial Advising Valuation 265

Abnormal Returns

APRIL 15, 2024

(mrzepczynski.blogspot.com) Don't let one mistake keep your from investing over the long run. ft.com) Goldman Sachs ($GS) traders had a good Q1 2024. wsj.com) Economy National homebuilder confidence was unchanged in April. wsj.com) Economy National homebuilder confidence was unchanged in April. econbrowser.com) The U.S.

Financial Advising 213

Financial Advising Media Risk Management Retail 213

Abnormal Returns

FEBRUARY 15, 2024

wsj.com) Funds Do lifecycle investment funds need a refresh? hbr.org) Economy There is still no sign of an uptick in weekly initial unemployment claims. bonddad.blogspot.com) Industrial production fell in January 2024. abnormalreturns.com) There is no holy grail in investing. fee for a spot Bitcoin ETF?

Financial Advising 246

Financial Advising Insurance Media Economy 246

The Big Picture

NOVEMBER 18, 2023

This week, we speak with Brad Gerstner , founder and CEO of Altimeter Capital , a technology-focused investment firm, which has about $7 billion in assets under management. He explains how he launched Altimer as a founder-run venture fund with interests in both public and private investments. Note: This episode was recorded on Nov.

Investing 162

Investing Investments Government Economy 162

Nerd's Eye View

JANUARY 3, 2024

The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may unfold, even along the shortest time frames, is the default.

Economics 246

Economics Marketing Marketing Economy 246

Trade Brains

OCTOBER 23, 2024

percent for FY 2024-2025. Dr. Rumki Majumdar sees India’s economy showing strong resilience after the election period. The country maintains its position among the world’s fastest-growing large economies. Dr. Majumdar notes that many Indian states already invest in these areas. percent capacity utilization.

Economy 116

Economy Manufacturing Economics Investments 116

Abnormal Returns

DECEMBER 3, 2023

Markets Should you care what Wall Street strategists have to say about 2024? newyorker.com) Venture capital More VC funds are running out time while still holding investments. axios.com) Economy Josh Brown, "The economy ought to be able to heal itself for the most part.

Asset Allocation 262

Asset Allocation Financial Advising Startup Economy 262

Calculated Risk

JANUARY 10, 2024

Earlier I posted some questions on my blog for this year: Ten Economic Questions for 2024. Q4-over-Q4 in 2024. How much will the economy grow in 2024? Will there be a recession in 2024? But there is a risk that the Fed will be overly tight in 2024. The FOMC is expecting growth of 1.2% recession this year.

Economy 80

Economy Sales Economics Investing 80

The Big Picture

OCTOBER 24, 2024

Probability Distribution of the next decade in S&P 500 returns (according to GS) Source: Goldman Sachs Investment Research My colleague Ben Carlson buried the lede when he did an examination of all rolling 10-year periods going back to 1925. He found less than 9% of those 10 year periods had returns of 3% or less.

Distribution 326

Distribution Economics Portfolio Economy 326

Calculated Risk

DECEMBER 24, 2023

Here is a review of the Ten Economic Questions for 2023 Below are my ten questions for 2024 (I've been doing this online every year for almost 20 years!). economy will likely perform in 2024, and if there are surprises - like in 2020 with the pandemic - to adjust my thinking. Q4-over-Q4 in 2024. range in Q4 2024.

Economics 90

Economics Economy Sales Commission 90