Sat.Sep 23, 2023

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Saturday links: a five-alarm blaze

Abnormal Returns

Transport Maintaining rail lines is challenging in a more uncertain climate. (nytimes.com) Brightline is showing the way on high speed rail in the U.S. (apnews.com) The costs of car ownership are up some 13% in the past year. (nytimes.com) Electric-powered boats are making progress. (barrons.com) Energy Why the area around Chernobyl is ideal for wind power.

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This Week on TRB

The Reformed Broker

We did an astonishing amount of new content this week after being gone last week at the Future Proof event. Getting back in the saddle felt good, especially considering the amazing guests we had. Below is a link to the live stream we did with Zeke Faux, whose new book “Number Go Up” is packed with wild and hilarious stories about rise and fall of the crypto bubble.

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MiB: Armen Panossian, Oaktree Capital Management

The Big Picture

This week, we speak with Armen Panossian , managing director and head of performing credit at Oaktree Capital Management , which has $179 billion in assets under management. He oversees the firm’s liquid and private credit strategies, and also serves as a portfolio manager within Oaktree’s global private debt and global credit strategies. He previously worked for Pequot Capital Management, where he worked on distressed debt strategy.

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These Are the Goods

The Irrelevant Investor

Articles Ultra-low interest rates make the economics of using cheap debt to buy small companies at a low valuation and selling them at a higher one look pretty attractive. But high interest rates undermine that whole model. (By Kelly Evans) It is not fun losing to time. (By Howard Lindzon) Millennium has generated an average calendar-year return of 14% for the past 33 years, with only one loss year in 2008.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Iron Condor Vs Iron Butterfly Trading Strategies – Trading Insights

Trade Brains

Iron Condor Vs Iron Butterfly : Every trader spots the opportunity in Options Trading by finding one or the other strategies to be profitable. Amongst the strategies, Iron Condor and Iron Butterfly options strategies are widely used by traders to limit the risks and be profitable with the benefit of using lesser Margins. In this article, we shall discuss in detail about Iron condor Vs Iron butterfly strategies, how to set up the strategies with examples and the payoff diagram with maximum loss,

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Inspire Films IPO Review – GMP, Price, Details & More

Trade Brains

Inspire Films IPO Review: Inspire Films Limited is coming up with its Initial Public Offering. The IPO will open for subscription on September 25, 2023, and close on September 27, 2023. This is an SME(Small and Medium-sized Enterprise) IPO and the company is going to be listed on the NSE SME platform. In this article, we will look at Inspire Films IPO Review 2023 and analyze its strengths, weaknesses, financials and GMP.

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Real Estate Newsletter Articles this Week: Near Record Number of Multi-Family Housing Units Under Construction

Calculated Risk

At the Calculated Risk Real Estate Newsletter this week: • August Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction • NAR: Existing-Home Sales Decreased to 4.04 million SAAR in August • Lawler: Early Read on Existing Home Sales in August and Some New Household/Housing Stock Data • 4th Look at Local Housing Markets in August This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.

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Saakshi Medtech and Panels IPO Review – GMP, Price & More

Trade Brains

Saakshi Medtech and Panels IPO Review: Saakshi Medtech and Panels is coming up with its Initial Public Offering. The IPO will be open for subscription on September 25, 2023, and closes on September 27, 2023. This is an SME (Small and Medium-sized Enterprise) IPO, and the company is going to be listed on the NSE SME platform. In this article, we will look at Sakshi Medtech and Panels IPO Review, analyze its strengths and weaknesses and see what unfolds.

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The Next 100 Years

Advisor Perspectives

Over the last 100 years, the US equity market has returned about 9% annually. What will it return over the next 100 years?

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Updater Services IPO Review – GMP, Price, Details & More

Trade Brains

Updater Services IPO Review: Updater Services Limited is coming up with its Initial Public Offering. The IPO will open for subscription on September 25, 2023, and close on September 27, 2023. In this article, we will look at the Updater Services IPO Review and analyze its strengths, weaknesses, financials and GMP. Keep reading to find out! Updater Services IPO Review – About The Company Updater Services Limited, incorporated in 1990, provides property management services as well as business supp

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Quantitative Asset Management – Building Systematic Real-World Strategies | Michael Robbins

Validea

In this episode, we take a deep dive into quantitative investing with Michael Robbins, author of the new book “Quantitative Asset Management: Factor Investing and Machine Learning for Institutional Investing.” We discuss data science and machine learning, factor investing, risk management, the qualities of a good back test and a lot more. 01:58 – Why Michael wrote the book 04:11 – Is it better if the math or the finance comes first?

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Another Yield High as US 10-Year Jumps Above Key 4.5% Level in Post-Fed Bond Rout

Advisor Perspectives

Treasury 10-year yields rose above 4.5% for the first time since 2007 as a more hawkish Federal Reserve adds to concern the bonds face a toxic mix of large US fiscal deficits and persistent inflation.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Dave Portnoy Bought Barstool Back. Can Erika Ayers Badan Keep His Pirate Ship on Course? As Penn pivots from Portnoy’s brand of bro-ish excess to family-friendly ESPN, Barstool is free to be itself. ( Vanity Fair ) • Inside the delicate art of maintaining America’s aging nuclear weapons : The U.S. will spend more than $750 billion over the next 10 years replacing almost ev

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Where to Add Risk in Multi-Asset Portfolios Right Now

Advisor Perspectives

While some stocks may seem expensive, there are areas of opportunity that feature attractive valuations and growth catalysts, according to the Franklin Templeton Investment Solutions team.

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Treasury Buyback Plan Will Boost Market Resilience, US Debt Official Says

Advisor Perspectives

The resilience of the world’s biggest bond market is top priority as US debt officials prepare to start buying back government debt, according to Josh Frost, the Treasury Department’s assistant secretary for financial markets.

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Fed Elects To Skip Rate Hike at September 2023 FOMC Meeting

Advisor Perspectives

For the second time in four months, the central bank decided to not increase interest rates but indicated another hike in 2023 is likely.

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More Personal Portfolio: Biotech, Commodities, and Gold

Advisor Perspectives

Last week we began exploring the details of my personal portfolio. This week we will finish and then move back to our discussion of various cycles.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Wired for the Future

Advisor Perspectives

With the rapid pace of urbanization, there’s an increasing demand for efficient and sustainable power solutions, and ABB’s advancements in smart grids and renewable energy integration are pivotal in meeting the demands of this transition.

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Higher Rates Might Not Dent Tech Stocks

Advisor Perspectives

Many view growth stocks, including tech stocks, as sensitive to rising interest rates. Last year confirmed this thesis. That script has been flipped for the better this year as technology ranks as one of the best-performing groups in the S&P 500 despite multiple rate hikes by the Federal Reserve.

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4 Essential Tips to Growing Your Practice

Advisor Perspectives

To survive, businesses must grow. Growing your practice is important in all fields, but it is particularly critical for financial advisors. Without growth, advisors risk falling into a rut and becoming stuck. Here are four tips that can help you grow your practice.