The Big Picture

JULY 25, 2023

I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets? Essentially, he was referring to the entire field of behavioral economics. That underperformance between asset class returns and investor returns is the behavior gap.

Assets 246

Assets Accounting Taxes Numbers 246

Nerd's Eye View

APRIL 3, 2024

Yet, by taking a measured look at factors driving economic activity and influencing behavior, advisors can help clients face risks they can't control and (hopefully) position themselves to take advantage of opportunities as they develop. Meanwhile, a smorgasbord of potential risks threatens economic growth's "soft landing" narrative.

Economics 244

Economics Marketing Marketing Valuation 244

MainStreet Financial Planning

MARCH 12, 2025

Economic uncertaintywhether it’s due to market volatility, rising inflation, or potential recessionscan feel overwhelming. Here are five practical tactics to help retirees weather economic uncertainty: Take a Break from the News Constantly consuming news and social media can lead to unnecessary panic.

Economics 76

Economics Asset Allocation Financial Planning Taxes 76

Abnormal Returns

JULY 6, 2023

economist.com) Fund management Avantis Investors is adding assets and launching new ETFs. newsletter.abnormalreturns.com) Mixed media Seven economics books worth checking out including "For a Dollar and a Dream: State Lotteries in Modern America" by Jonathan D. axios.com) Some banks are holding the line on job cuts.

Economics 239

Economics Startup Financial Advising Media 239

Abnormal Returns

NOVEMBER 5, 2023

wsj.com) Five insights from "Economics in America: An Immigrant Economist Explores the Land of Inequality" by Angust Deaton. calculatedriskblog.com) The economic schedule for the coming week. (crr.bc.edu) The U.S. healthcare system is increasingly difficult to navigate for patients. ritholtz.com) Rate hikes are working.

Assets 271

Assets Financial Advising Healthcare Economy 271

The Big Picture

MARCH 24, 2025

Total government expenditures : In addition to the transactions that are included in current expenditures, this measure includes gross investment (as defined earlier), and other capital-type expenditures that affect future-period activities, such as capital transfer payments and net purchases of nonproduced assets (for example, land).

Government 310

Government Investing Investments Economy 310

Wealth Management

OCTOBER 18, 2023

But can it be sustained, given the negative asset growth in 2022?

Economics 293

Economics Assets 293

Abnormal Returns

OCTOBER 18, 2024

semafor.com) This year's Nobel Prize winners in Economics did not come with universal acclaim. (politico.com) Economy There's still no sign of a recession in the data. econbrowser.com) Why neither candidate is talking about the deficit. vox.com) Earlier on Abnormal Returns Podcast links: crime and disorder.

Assets 278

Assets Financial Advising Communication Banking 278

Wealth Management

JULY 23, 2024

Managers favored strategies that would protect them from economic and political volatility.

Assets 286

Assets Economics Management 286

Wealth Management

MAY 1, 2023

Discover how advisor investment decisions are changing—and are likely to evolve—given current market and economic conditions.

Financial Advisor 264

Financial Advisor Assets Economics Investing 264

Abnormal Returns

OCTOBER 31, 2023

newsletter.abnormalreturns.com) Mixed media Just how much is China's economic growth slowing? (abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. libertystreeteconomics.newyorkfed.org) Why some young Russians who fled have chosen to return.

Assets 260

Assets Financial Advising Media Economy 260

Calculated Risk

DECEMBER 26, 2022

At the end of each year, I post Ten Economic Questions for the following year (2022). Currently I expect asset purchases to end as planned in March, and the 1st rate hike to happen at the March meeting, and perhaps a 2nd hike in June. I followed up with a brief post on each question. If so, how many times?

Economics 285

Economics Sales Banking Economy 285

Nerd's Eye View

OCTOBER 4, 2023

And even though numerous signs are pointing to the looming possibility of a more widespread economic downturn – including the reduction of household savings, reduced lending, and the resumption of student loan payments for many borrowers – the job market remains strong. And even though U.S.

Valuation 246

Valuation Economics Economy Marketing 246

Wealth Management

NOVEMBER 14, 2023

Financial firms are continuing to reduce headcount in response to mounting economic and geopolitical uncertainties, higher rates and a slower pace of dealmaking.

Assets 260

Assets Management Economics 260

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. The key point is that, given the current economic uncertainty, there are several ways that advisors can help clients prepare for potential downturns.

Economics 246

Economics Marketing Marketing Economy 246

The Big Picture

MARCH 4, 2023

This week, we speak with Dr. Maria Vassalou , co-chief investment officer of multi-asset solutions at Goldman Sachs Asset Management. in financial economics from London Business School. Previously, she worked at Soros Capital Management and with Steve Cohen at SAC Capital. She earned her Ph.D.

Assets 182

Assets Management Media Investing 182

The Big Picture

MARCH 3, 2025

Over that decade plus of doing CNBC, I had become friendly with Big Joe Besecker of Emerald Asset Management. It made me realize that, despite my extensive research into the psychology underlying behavioral economics, I suffered from the exact same cognitive errors as everyone else. that something foul was afoot.1 But it was.

Economics 308

Economics Assets Clients Investments 308

Wealth Management

NOVEMBER 3, 2023

Multifamily has maintained its status as the best performing and most resilient asset class through economic cycles.

Investments 312

Investments Investing Economics Assets 312

Abnormal Returns

APRIL 8, 2025

(elmwealth.com) Alternatives Private equity performance degrades with asset growth. papers.ssrn.com) Economics Why are credit card rates so high? papers.ssrn.com) Hedge fund performance isn't improving with time. platformaeronaut.com) Is the quality factor just a proxy for profitability?

Portfolio 147

Portfolio Retirement Economics Assets 147

Alpha Architect

MARCH 29, 2024

Strong empirical evidence demonstrates that momentum (both cross-sectional and time-series) provides information on the cross-section of returns of many risk assets and has generated alpha relative to existing asset pricing models. Economic Momentum was originally published at Alpha Architect.

Economics 123

Economics Assets Investments Investing 123

Abnormal Returns

SEPTEMBER 15, 2024

(visualcapitalist.com) Strategy Are money market fund assets a bond substitute or stock substitute? wsj.com) Buffered ETFs keep gaining assets. pnas.org) Economics Has the economics profession gotten too insular? econbrowser.com) The economic schedule for the coming week. is losing the information war.

Marketing 275

Marketing Marketing Financial Advising Media 275

Mish Talk

NOVEMBER 28, 2022

Crypto Firms in Bankruptcy Proceedings End of an Era The Balance Sheet Assets $256 million. The firm, founded in 2017 by Zac Prince and Flori Marquez and backed by Thiel Capital spinout Valar Ventures, lends money to customers using their cryptocurrency assets as collateral. Liabilities $1 to $10 billion.

Assets 214

Assets Management Economics 214

Wealth Management

APRIL 4, 2024

After accounting for additional risks and fees, the asset class delivers virtually no extra return to investors, according to a study released by the National Bureau of Economic Research.

Accounting 289

Accounting Economics Assets 289

Abnormal Returns

MARCH 4, 2025

alphainacademia.substack.com) Some popular economics books to avoid including "Power and Progress," by Daron Acemoglu and Simon Johnson. noahpinion.blog) Asset growth High investment has historically led to disappointing future returns. acadian-asset.com) The asset growth factor is not as powerful on a closer look.

Math 147

Math Assets Economics Portfolio 147

The Big Picture

JANUARY 3, 2025

Additionally, Sunaina serves as Chairman of the Board of Directors of SFC Energy AG and on the boards of the Stanford Institution for Economic Policy Research and the Stanford LEAD Council. She also earned a spot as one of the Twenty Trailblazing Women in Private Equity in 2023.

Portfolio Management 162

Portfolio Management Assets Management Economics 162

Abnormal Returns

OCTOBER 14, 2024

optimisticallie.com) It's hard to find a losing asset class this year. spyglass.org) Fund management Blackrock ($BLK) now has some $450 billion alternative assets under management. mrmoneymustache.com) The 2024 Nobel Prize in Economics goes to Daron Acemoglu, Simon Johnson and James Robinson. fastcompany.com)

Financial Advising 278

Financial Advising Economy Assets Insurance 278

Wealth Management

NOVEMBER 9, 2022

While Seritage assets are sure to create investor interest, a cloudy economic outlook and tighter financing availability are bound to be major factors in negotiations, market observers say.

Sales 264

Sales Economics Assets Marketing 264

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. Precisely because we look at it and we’re like, wait a second, if this risk goes wrong, not only do I lose my assets, but I lose my job.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

NOVEMBER 15, 2023

Note: We deploy many of these solutions at RWM that take advantage of our knowledge of behavioral economics.) Understanding these basics will at least give you some guidance as to when your behavior is putting your assets at risk. March 3, 2023) How to Use Behavioral Finance in Asset Management: Part I , Part II , Part III _ 1.

Investments 344

Investments Investing Portfolio Economics 344

Abnormal Returns

JULY 28, 2024

ft.com) Fund management Does your alternatives fund charge fees on gross or net assets? vox.com) Work Research on how race, class and location affect economic mobility in the U.S. ft.com) The economic schedule for the coming week. wsj.com) Revolut now has a UK banking license. wsj.com) In praise of the public pool.

License 289

License Financial Advising Economy Economics 289

Abnormal Returns

SEPTEMBER 1, 2024

scheplick.com) ETFs Leveraged single-stock ETF continue to attract assets and attention. econbrowser.com) The economic data through July were largely positive. apolloacademy.com) The economic schedule for the coming week. finance.yahoo.com) Newly launched ETFs are coming with higher fees these days. (fa-mag.com)

Financial Advising 294

Financial Advising Valuation Economy Economics 294

Abnormal Returns

JANUARY 16, 2024

Asset management Big asset managers get paid on AUM, not performance. papers.ssrn.com) Media (economic) sentiment has gotten increasingly negative over the past 50 years. papers.ssrn.com) Media (economic) sentiment has gotten increasingly negative over the past 50 years. papers.ssrn.com) A primer on private credit.

Distribution 262

Distribution Media Assets Economics 262

Abnormal Returns

NOVEMBER 12, 2023

allstarcharts.com) Strategy What it going to happen to all those assets in money market fund when yields eventually fall? econbrowser.com) Any economic slowdown is coming with consumers in pretty good shape. mrzepczynski.blogspot.com) Economic activity continues to shift toward these four Sunbelt cities.

Financial Advising 284

Financial Advising Economics Economy Manufacturing 284

Nerd's Eye View

MARCH 26, 2025

Recent swings have been driven by economic policy shifts, persistent inflation concerns, and geopolitical uncertainty – all of which may unnerve even the steadiest of clients. As a starting point, it's helpful to reinforce that investing success isn't about timing the market or picking winning stocks, sectors, or asset classes.

Clients 219

Clients Marketing Marketing Economics 219

Mish Talk

DECEMBER 4, 2022

The liquidators later ordered the transfer of the unit’s crypto assets to a digital wallet controlled by the Bahamian government. In Turkey, authorities have seized the assets of FTX’s local subsidiary, an affront to Mr. Ray’s efforts to sweep FTX’s assets into the chapter 11 process in Delaware. Turkey found nearly $3.1

Assets 176

Assets Banking Government Commission 176

Abnormal Returns

SEPTEMBER 26, 2023

morningstar.com) Alternative assets are not all that alternative. wired.com) Asset allocation How various asset classes performed during a recession. bonddad.blogspot.com) Economy Economic anxiety isn't going anywhere. Alternatives Private market access funds are all the rage.

Asset Allocation 278

Asset Allocation Financial Advising Assets Media 278

The Big Picture

AUGUST 25, 2023

China, Clickbait, & Market Crises: What Investors Should Know About Behavioral Economics Here is the Moneyshow’s description: “Barry Ritholtz is Founder and CIO of Ritholtz Wealth Management. He is also a long-time market analyst, commentator, and expert on behavioral economics principles as they apply to investing.

Wealth Management 246

Wealth Management Economics Assets Management 246