Abnormal Returns

JULY 4, 2024

Books An excerpt from "Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War" by Raj Shah and Christopher Kirchhoff. (theatlantic.com) A Q&A with Soraya Chemaly, author of "The Resilience Myth: New Thinking on Grit, Strength, and Growth After Trauma." (annehelen.substack.com) Insights from “Holding it Together: How Women Became America’s Safety Net,” by Jessica Calarco (crr.bc.edu) Business Shareholder supremacy explains a lot of the dysfunction and grifting around u

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A Wealth of Common Sense

JULY 4, 2024

Happy 4th of July! It’s one of my favorite holidays for the simple fact that summer is my favorite season. Parades, lakes, boats, beer, BBQ and fireworks — I’m in. In honor of America here is a post I wrote a couple of years ago (with some updated charts) about why I remain bullish on the old US of A. * Following the Great Financial Crisis of 2008 a number of macro doom-and-gloomers began predict.

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Numbers 109

Calculated Risk

JULY 4, 2024

On Friday at 8:30 AM ET, the BLS will release the employment report for June. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 4.0%. There were 272,000 jobs added in May, and the unemployment rate was at 4.0%. From Goldman Sachs: Big Data measures. indicate a soft pace of spring hiring, and we expect an additional drag from residual seasonality in the official payroll figures this Friday.

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Manufacturing Numbers 75

SEI

JULY 4, 2024

Awarded for excellence of pension scheme offering.

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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.

Accounting

Random Roger's Retirement Planning

JULY 4, 2024

Let's continue yesterdays discussion about uncorrelated return streams. Yesterday, we talked about Ray Dalio's investing utopia of blending together 15-20 uncorrelated return streams in pursuit of a beefed up version of his more commonly known All-Weather portfolio. I included the following matrix of various alts and a few fixed income funds that have low to negative correlations to equities and low and negative correlations to each other.

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Portfolio Retirement Taxes Investing 52

The Big Picture

JULY 4, 2024

Publishing note: This originally was posted on July 4, 2019. I am always intrigued by the psychological and cognitive issues hidden in the news. The Nike Betsy Ross flag issue revealed a number of fascinating things. Stop to consider the broader context and historical nuance of the American flag as a protest and/or fashion item, and we learn a thing or two.

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Advertising Numbers 278

The Big Picture

JULY 4, 2024

My July 4th reads: • Fourth of July 2024: Celebrate with History, Traditions, and Recipes : Happy Independence Day! How did our founders envision celebrating this all-important American holiday? You might be surprised. Find out what’s special about the 4th of July. ( Almanac ) • Forecasters say the long July 4 holiday will be a record-setting bash : In travel news this week: CNN unveils 10 fantastic US cities to visit that aren’t overrun with tourists (yet) as the nation prepares for a record-s

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Transportation Food 113