The Better Letter

OCTOBER 5, 2023

However, as Mandelbrot is careful to emphasize, it is empty hubris to think that we can somehow master market volatility. When one looks closely at financial-market data, seemingly unexplained accidents routinely appear. The financial markets are inherently dangerous places to be, Mandelbrot stresses. The sweetest.

Insurance 114

Insurance Food Asset Allocation Retirement 114

Brown Advisory

NOVEMBER 29, 2016

Alternatively, nonprofits can boost potential portfolio returns, which often means tolerating more risk and illiquidity, through a recalibration of asset allocation— the single biggest driver of long-term gains. Reassess asset allocation. Consider changes to portfolio construction. and Germany—have fueled volatility.

Nonprofit 52

Nonprofit Asset Allocation Portfolio Budgeting 52

Investing Caffeine

JANUARY 19, 2024

Drawing from professional and personal life lessons, Wade shares his knowledge about navigating market trends, building investment strategies, and also discuss the books he has authored. If you are interested in learning more about the books Wade has authored, please visit: [link]

Management 52

Management Investing Investments Marketing 52

The Big Picture

AUGUST 20, 2024

We ended up buying, this is one of the wonderful things about financial markets and degrees of completeness. And so the institutional space, or most asset selectors, asset allocators are gonna look for managers that are trying to add value. That’s amazing leverage. Otherwise, why not just buy passive?

Assets 173

Assets Management Portfolio Marketing 173

Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” ILLIQUIDITY IMPACTS These dynamics have dramatically shifted the liquidity landscape across financial markets.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” These dynamics have dramatically shifted the liquidity landscape across financial markets. Source: BLOOMBERG. . ILLIQUIDITY IMPACTS.

Management 52

Management Marketing Marketing Clients 52

The Big Picture

JUNE 13, 2023

Steve Schwarzman wrote his book. RITHOLTZ: (LAUGHTER) CHABRAN: And find a reason why they would allocate there. So I think we’ve now entered a period where we have to swallow this whole mispriced, over-levered assets out there. And that’s for the companies, and the investors also want to allocate there.

Banking 147

Banking Assets Investments Investing 147

The Big Picture

MARCH 26, 2024

I mean, he was essentially market timer, for a lack of a a better word. He wasn’t tactical asset allocator. 00:11:43 [Speaker Changed] And one of the more rare successful market times 00:11:47 [Speaker Changed] Unbelievably successful. And I had a professor give me a little sort of hint. It wasn’t the case.

Marketing 147

Marketing Marketing Investing Investments 147

The Big Picture

MAY 21, 2024

And, and that book is just absolutely a, you know, a, a gem, a Wall Street classic for sure. But the areas that I worry about are that, is that bottomless pit of, you know, unmarked assets that have doubled or quadrupled in size in asset allocation. Let’s talk about books. I’m of a different book.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JUNE 3, 2024

And so I worked a lot on the asset allocation side. Again, as I said, we’ve worked in asset allocation. And when that light goes on, it’s like, Hey, if everybody is discounting a recession, then the market’s figured it out a long time ago. Let, let’s talk about books.

Math 147

Math Marketing Marketing Engineering 147

The Big Picture

JANUARY 31, 2023

I mean, back in the ‘80s, I mean, research analysts would figure out what the Fed did three weeks ago, right, based on what was going on in the money markets. Now, they tell you what they’re going to do and the markets price it in instantaneously. DUTTA: I don’t really read books. I’m not a big book person.

Economics 147

Economics Economy Marketing Marketing 147