Abnormal Returns
MAY 3, 2024
Berkshire Hathaway Is Berkshire's energy business still a growth engine moving forward? (bloomberg.com) You can't talk Berkshire without talking about Apple ($AAPL). (wsj.com) Why Berkshire Hathaway ($BRK.A) should buy Boeing ($BA). (bloomberg.com) Finance Regional banks are embracing their boring side. (bloomberg.com) SVB is selling its venture capital arm.
Nerd's Eye View
MAY 3, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but greater autonomy over how they run their businesses and serve their clients.
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Abnormal Returns
MAY 3, 2024
Alternatives Patrick O'Shaughnessy talks with Marc Lasry, CEO of Avenue Capital Group, about investing in sports. (joincolossus.com) Matt Ziegler talks with Howard Lindzon about the intersection of markets and venture capital. (epsilontheory.com) Phil Bak talks volatility laundering and more with Cliff Asness. (youtube.com) Hedge funds William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs Oakcliff Capital.
The Big Picture
MAY 3, 2024
She was previously president of Honey, where she orchestrated the company’s sale to PayPal Holdings Inc. for $4 billion. She has been named one of Ad Age’s 100 Most Influential Women in Advertising. She previously held executive leadership positions at Microsoft, Yahoo!, Pinterest, SoFi, Demand Media. BusinessWeek nd the San Francisco Chronicle.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
A Wealth of Common Sense
MAY 3, 2024
The season 3 finale of Lost was one of the most mind-blowing episodes of television I’ve ever watched. It completely broke the mold of the show from flashbacks to flashforwards. We have to go back is a line that’s etched into my memory for good: Subscribe to The Compound so you never miss an episode. Further Reading: Who is Buying a House in This Market?
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Wealth Management
MAY 3, 2024
The ratings agency says the move reflects “elevated acquisition-related liabilities and share repurchase activities.
Alpha Architect
MAY 3, 2024
Momentum continues to receive much attention from researchers because of the strong empirical evidence. Momentum and the Clarity of the Trend was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
MAY 3, 2024
Our industry can do better, and both advisors and clients should expect more, writes Farther’s CEO and co-founder.
Advisor Perspectives
MAY 3, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of April 19th, the index was at 17.434, down 4.427 from the previous week, with 5 of the 6 components in expansion territory.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Wealth Management
MAY 3, 2024
The Federation of Americans for Consumer Choice and several co-plaintiffs claim the Department of Labor wants to “fundamentally reshape” settled industry practices.
Advisor Perspectives
MAY 3, 2024
Apple Inc. shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.
Wealth Management
MAY 3, 2024
Timothy Admire, president and CEO of Willow Creek Wealth Management, discusses maximizing the capabilities of the technology his $1.7 billion AUM firm is already paying for.
Advisor Perspectives
MAY 3, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. April saw a 175,000 increase in total non-farm payrolls and the unemployment inched up to 3.9%.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Wealth Management
MAY 3, 2024
Also, BlackRock invests in Willow, Betterment For Advisors expands its partnership with XYPN and Fusion IQ introduces FIQ Freedom.
Advisor Perspectives
MAY 3, 2024
The S&P 500 finished in the green this week thanks to a late week rally. The index is currently up 8.12% year to date and now sits 2.41% below its record close from March 28, 2024.
Wealth Management
MAY 3, 2024
Eddy Ray Blizzard pleaded guilty late last year to defrauding an elderly victim of his retirement funds. An FBI Special Agent said Blizzard deserved “every year” in prison.
Random Roger's Retirement Planning
MAY 3, 2024
Barron's wrote about the mess of required minimum distributions (RMDs) from IRAs. The age that we have to start is slowly going higher which is good thing but criticisms of RMDs being unnecessarily complicated are more than fair. The comments were useful as is often the case. One sentiment that popped up a few times was the threat of RMDs kicking people into higher tax brackets.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Wealth Management
MAY 3, 2024
Investors should consider the reinvestment risk inherent in cash.
Advisor Perspectives
MAY 3, 2024
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Wealth Management
MAY 3, 2024
Sixth Street has held preliminary talks with potential investors about the vehicle, which will seek to invest in sports teams and leagues, media rights and related businesses.
Calculated Risk
MAY 3, 2024
From the BLS : Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for February was revised down by 34,000, from +270,000 to +236,000, and the change for March was revised up by 12,000, from +303,000 to +315,000.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Wealth Management
MAY 3, 2024
IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model.
Calculated Risk
MAY 3, 2024
From Goldman: We lowered our Q2 GDP tracking estimate by 0.1pp to +3.3% (qoq ar) and our domestic final sales estimate by the same amount to +2.7% (qoq ar). [May 2nd estimate] emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.3 percent on May 2, unchanged from May 1 after rounding.
Advisor Perspectives
MAY 3, 2024
The yield on the 10-year note ended May 3, 2024 at 4.50%, the 2-year note ended at 4.81%, and the 30-year at 4.66%.
Calculated Risk
MAY 3, 2024
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.4% Below Peak Excerpt: It has been over 17 years since the bubble peak. In the February Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 71% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 10% above the bubble peak (and historically there has been an upward slope to real house prices).
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Advisor Perspectives
MAY 3, 2024
The Institute of Supply Management (ISM) has released its April services purchasing managers' index (PMI). The headline composite index is at 49.4, falling short of the 52.0 forecast. The latest reading moves the index into contraction territory for the first time since December 2022.
Darrow Wealth Management
MAY 3, 2024
What to Do With a Sudden Cash Windfall Wondering what to do with a sudden financial windfall? The first step is to hold off on making any major purchases or decisions until you’ve had time to consider your options. Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future.
Advisor Perspectives
MAY 3, 2024
The April U.S. services purchasing managers' index (PMI) conducted by S&P Global came in at 51.3, just above the 50.9 forecast. The latest reading keeps the index in expansion territory for the 15th straight month.
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