The Big Picture

MARCH 18, 2024

The 2017 Barron’s cover (above) showing Apple’s extravagant new headquarters and suggesting that the company’s market value would reach $1 trillion in 2018 generated some chatter from the usual suspects. Because separating reality from silliness is the key to making better-informed and more intelligent investment decisions.

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Marketing Marketing Media Investing 336

Nerd's Eye View

JANUARY 18, 2023

Many investors are familiar with private equity as an alternative asset class, which is popular with certain high-net-worth and institutional investors as a vehicle for diversification and a source of potentially higher risk-adjusted returns than what is available on the public market.

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Assets Clients Portfolio Asset Allocation 245

The Big Picture

NOVEMBER 27, 2023

This weekend Jeff Sommer discussed a DFA research paper on market timing; both are well worth your time to read. The broad strokes are: Market timing is extremely difficult, very few people (if any) do it consistently well. Low Stakes : The most successful market timers are often those people who do not have actual assets at risk.

Marketing 304

Marketing Marketing Math Retirement Planning 304

Abnormal Returns

OCTOBER 31, 2023

Strategy Money market returns look good.almost too good. wsj.com) Six lessons from William Bernstein's "The Four Pillars of Investing." markets.businessinsider.com) Investors who bought the Grayscale Bitcoin Investment Trust ($GBTC) at a big discount are looking good. coindesk.com) Apple AI is coming to Apple ($AAPL) GPUs.

Assets 261

Assets Financial Advising Media Economy 261

Abnormal Returns

MAY 1, 2024

on.spdji.com) How major asset classes performed in April 2024. collabfund.com) Markets have to clear. owners can thank Todd Combs and Ted Weschler for the Apple ($AAPL) investment. owners can thank Todd Combs and Ted Weschler for the Apple ($AAPL) investment. April 2024 The S&P 500 lost 4.08% in April 2024.

Marketing 279

Marketing Marketing Financial Advising Economy 279

Abnormal Returns

NOVEMBER 5, 2023

Markets Small and mid-cap stocks have badly lagged large caps. theirrelevantinvestor.com) Why you should avoid big investment shifts. awealthofcommonsense.com) This week was a good example why you should never be positioned for extremes. humbledollar.com) Trading Brett Steenbarger, "The best traders evolve."

Assets 272

Assets Financial Advising Healthcare Economy 272

Nerd's Eye View

MAY 17, 2023

Amid a tight job market and low unemployment rates, a significant amount of the U.S. For example, some brokerage firms won’t even allow foreign nationals to open new accounts, and others may require the individual to close the account and move their assets out if they ever move away from the U.S.

Taxes 246

Taxes Investing Investments Accounting 246

The Big Picture

AUGUST 23, 2023

Most people believe that investing is the science of generating a return on capital. At its heart, investing is a problem-solving exercise , filled with opportunities that reveal the errors we all make. This should be reflected in how we invest. That is an accurate but incomplete assessment. – “ Future ” demands optimism.

Investing 246

Investing Investments Asset Allocation Healthcare 246

Abnormal Returns

JULY 7, 2024

Top clicks this week How major asset classes performed in June 2024. capitalspectator.com) Just how useful is historical financial markets data? retirementresearcher.com) Don't forget, stocks are real assets. downtownjoshbrown.com) Europe's stock market has badly lagged the U.S. vox.com) Politics and investing don't mix.

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Insurance Assets Financial Market Investments 313

Nerd's Eye View

MARCH 8, 2023

In the early days of investing, stocks were often evaluated in a vacuum: Investors assessed the plusses and minuses of each company’s stock based on its own merits, with little consideration of the relationship between one stock’s performance and that of the market as a whole.

Investing 242

Investing Investments Portfolio Economics 242

The Big Picture

JANUARY 3, 2024

At The Money: Contrarian Investing. January 3, 2024) Is contrarian investing a solid strategy, or a fool’s errand? Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management We discuss why it is so difficult to fight the crowd, and identify when the crowd is right and when they have gone mad.

Investing 195

Investing Investments Assets Numbers 195

Abnormal Returns

JUNE 18, 2024

Markets Market breadth is not great. visualcapitalist.com) Alternatives The Bogle Effect has not come for alternative asset classes. ofdollarsanddata.com) Pension funds could skip on the alternatives and just invest in low-cost index investments. wsj.com) Why hedge funds are resisting putting hurdle rates in place.

Financial Advising 299

Financial Advising Media Assets Economy 299

Abnormal Returns

JULY 28, 2024

mebfaber.com) Three investment myths, debunked. disciplinefunds.com) Ian Cassel, "Most big winners were ugly ducklings that transformed themselves into beautiful swans." (microcapclub.com) Our brains weren't built for investing. sherwood.news) How much do 20-year real stock market returns vary over time?

Assets 317

Assets Investments Investing Marketing 317

The Big Picture

SEPTEMBER 28, 2022

Around the world, markets lost 5% or worse just last week. Year to date, the S&P 500 is down more than 23%; the Russell 2000 small caps are off more than 26%; Emerging markets are down almost 28%; and the Nasdaq Tech index is off more than 31%. Asset Economy. Asset Allocation. None whatsoever. Inflation. Volatility.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. Why don’t we just have a conversation in the studio about his beef with passive, why he thinks it’s a structural threat to the market? We have to pay attention to this, and we have to understand why this is potentially a risky asset.

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Assets Management Portfolio Taxes 173

Nerd's Eye View

JANUARY 3, 2024

economy) contracted for the 12th consecutive month, the services sector (constituting about 78% of GDP) expanded for the 11th consecutive month, serving as a primary driver behind continued wage inflation as well as tightness in the labor market. The labor market, while still remarkably resilient, has also started to show signs of stress.

Economics 246

Economics Marketing Marketing Economy 246

The Big Picture

JULY 17, 2023

Global capital markets (stocks, bonds, private investments, real estate) are worth over $100 trillion. If you want to get rich in the markets, there are a few things you need to know that very few people will tell you. But I’m going to share with you the ten ways I know where you can get score big in the markets.

Marketing 246

Marketing Marketing Commission Investing 246

Nerd's Eye View

OCTOBER 18, 2023

A key value proposition for financial advisors is helping clients avoid common behavioral biases that can lead to suboptimal investment decisions. Which often leads to advisors counseling their clients to stay diversified and stick with a disciplined investment strategy to optimize their risk and return over the long term.

Marketing 246

Marketing Marketing Valuation Advertising 246

Abnormal Returns

JUNE 24, 2024

Podcasts Josh Brown and Michael Batnick talk digital assets with Ric Edelman. youtube.com) Callie Cox talks with Jeff Benjamin about her new role at Ritholtz Wealth and the state of the markets and economy. standarddeviationspod.com) Fisher Investments Some estimates on how much a stake in Fisher Investments went for.

Financial Advising 276

Financial Advising Assets Retirement Economy 276

Abnormal Returns

JANUARY 7, 2024

allstarcharts.com) How major asset classes performed in December 2023. capitalspectator.com) Good years tend to cluster for the stock market. awealthofcommonsense.com) An example of how finding a (highly) niche investment strategy works in practice. (theirrelevantinvestor.com) Don't get caught sitting in cash in 2024.

Assets 297

Assets Economy Investments Investing 297

Abnormal Returns

APRIL 7, 2024

wsj.com) How major asset classes performed in March 2024. capitalspectator.com) How to choose among total stock market ETFs. aqr.com) On the benefits of keeping an investment journal. awealthofcommonsense.com) When an asset has no intrinsic value, i.e. gold, you have more decisions to make. return in Q1.

Assets 306

Assets Accounting Investments Investing 306

The Big Picture

AUGUST 26, 2022

Our previous discussions (debates really) were over the traditional model of brokerage I push back against versus the fee-based fiduciary asset management I embrace. This made me chuckle, as we had discussed this level of unsuitable and inappropriate asset management for years, with me offering an endless parade of examples.

Accounting 353

Accounting Government Assets Management 353

Abnormal Returns

OCTOBER 14, 2024

Markets Checking in on the bull market, two years in. optimisticallie.com) It's hard to find a losing asset class this year. 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.'

Financial Advising 279

Financial Advising Economy Assets Insurance 279

Nerd's Eye View

APRIL 3, 2024

The equity market is experiencing its own bifurcation, with a wide dispersion in (extremely elevated) valuations across the "Magnificent 7" and the rest of the market, which is much closer to historical averages.

Economics 244

Economics Marketing Marketing Valuation 244

Abnormal Returns

MAY 5, 2024

Top clicks this week Widen your investing lens. awealthofcommonsense.com) Why the stock market usually goes up. awealthofcommonsense.com) How major asset classes performed in April 2024. humbledollar.com) The best investors are running their own race.

Assets 314

Assets Investments Investing Marketing 314

Abnormal Returns

OCTOBER 14, 2024

Podcasts Daniel Crosby talks with Michael Finke about how to deal with market volatility in retirement. podcasts.apple.com) Eric Golden talks with Robbie Cannon is the founder of Horizon Investments about the blurring of lines between asset and wealth management. fa-mag.com) How the Dynasty deal came together.

Estate Planning 280

Estate Planning Financial Planner Wealth Management Retirement 280

The Big Picture

JULY 3, 2024

At The Money: Changing Your Behavior For Better Investing (July 3, 2024) If you could change only one thing that would help your investing, what would it be? When it comes to investing, we are our own worst enemies. William Bernstein explains how to manage our emotions to avoid poor outcomes in markets. The answer.

Investing 162

Investing Investments Portfolio Assets 162

Abnormal Returns

JANUARY 14, 2024

thefp.com) Stock markets around the world are at or near their highs. downtownjoshbrown.com) Good luck trying to pick the best performing asset class on a year-by-year basis. awealthofcommonsense.com) 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' Always follow up.'

Valuation 294

Valuation Assets Investments Investing 294

Nerd's Eye View

JUNE 17, 2024

Nonetheless, fewer than 10% of SEC-registered investment advisers report using them, even though the SEC’s updated investment adviser marketing rule allows financial advisors to proactively encourage testimonials (from clients), use endorsements (from non-clients), and highlight their own ratings on various third-party review sites.

Financial Advising 246

Financial Advising Compliance Advertising Marketing 246

The Big Picture

NOVEMBER 26, 2024

Full transcript below. ~~~ About this week’s 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. I know ETFs today are the apple pie of investing. Are you crypto-curious?

Investing 147

Investing Investments Assets Retail 147

Abnormal Returns

DECEMBER 5, 2023

Active management Active investing has a tax problem. bloomberg.com) Research Passive investing is making markets less efficient, but. hamiltonlane.com) Portfolio managers love to shift blame for underperforming assets. alphaarchitect.com) Why the active management space may be bigger than currently measured.

Portfolio Management 279

Portfolio Management Assets Taxes Management 279

Abnormal Returns

AUGUST 18, 2024

(optimisticallie.com) Big up and down days in the stock market tend to cluster. downtownjoshbrown.com) There is nothing normal about the distribution of angel investment returns. blogs.cfainstitute.org) There is no holy grail in investing.

Distribution 299

Distribution Assets Investments Investing 299

The Big Picture

SEPTEMBER 9, 2023

This week, we speak with Jon McAuliffe , who is co-founder and chief investment officer at the Voleon Group , heading the firm’s investment strategy, research, and development. Voleon, which manages $10 billion in client assets, has achieved great success applying these technologies to investing.

Engineering 325

Engineering Management Portfolio Assets 325

Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs). Which helps these firms attract more clients, and continue to thrive amidst competition from larger counterparts! Read More.

Financial Planning 246

Financial Planning Marketing Marketing Financial Advice 246

Abnormal Returns

FEBRUARY 4, 2024

downtownjoshbrown.com) Should you invest in stocks when they are at all-time highs? ft.com) What happens when you stop focusing on the stock market. wsj.com) How major asset classes performed in January 2024. Top clicks this week Josh Brown, "Just please, no matter what you do, don’t say the G word. Never say it."

Financial Planning 300

Financial Planning Accounting Portfolio Assets 300

Abnormal Returns

NOVEMBER 5, 2023

Top clicks this week Six lessons from William Bernstein's "The Four Pillars of Investing." humbledollar.com) There's nothing magic about asset allocation. obliviousinvestor.com) Money market returns look good.almost too good. morningstar.com) 11 lessons learned about investing including 'You are not the next Warren Buffett.'

Asset Allocation 307

Asset Allocation Sales Assets Investments 307

Abnormal Returns

DECEMBER 10, 2023

allstarcharts.com) Investing is hard. awealthofcommonsense.com) What happens after a 20% up year for the stock market? tker.co) The more room you can put between yourself and your investments, the better. awealthofcommonsense.com) There are a lot of different asset allocations you can live with. Really hard.

Asset Allocation 306

Asset Allocation Assets Investments Investing 306