The Irrelevant Investor
MAY 31, 2018
Like a lot of other people, I shorted GameStop in 2012. At one point that year, shorts controlled 75% of the float! But the stock went on a crazy sick run from August to November, gaining 250% and forcing a lot of people like myself to cover. I don't remember exactly where I sold and covered, but I didn't take a big loss. I was actually quite good at taking small losses; My problem was I also took a lot of small gains.
Brown Advisory
MAY 31, 2018
NOW 2018 | What is the Economic Impact of Political Polarization? achen Thu, 05/31/2018 - 09:11 The U.S. economy has improved markedly since the 2008–09 credit crisis. We’ve had 90 straight months of positive job growth and a near-record 36 consecutive quarters of economic expansion. But while all may appear rosy on the surface, when you dig deeper, you can find some worrying trends.
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Brown Advisory
MAY 31, 2018
NOW 2018 | China and the Race for Artificial Intelligence achen Thu, 05/31/2018 - 09:20 The advent of artificial intelligence (AI) is one of the top technology stories in recent years. Not surprisingly, AI has also permeated public policy discussions, especially with the U.S. and China each putting forth plans to address the future of this technological revolution.
Brown Advisory
MAY 31, 2018
NOW 2018 | What Makes a Great Leader? achen Thu, 05/31/2018 - 09:49 What do the Magna Carta, the Washington Monument and giant pandas have in common? Those who have followed David Rubenstein’s career know that he has supported all of these causes and many others through his exemplary philanthropic efforts. During the NOW 2018 conference, Rubenstein and Brown Advisory CEO Mike Hankin engaged in a rapid-fire conversation that covered Rubenstein’s thoughts on a wide range of topics, from the Foundi
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Brown Advisory
MAY 31, 2018
NOW 2018 | The Changing Nature of Trust achen Thu, 05/31/2018 - 10:51 For 18 years, Matt Harrington has been studying, analyzing and synthesizing the evolution of society’s trust in four institutions: government, business, NGOs and media. Harrington oversees global operations for Edelman, a leading global communications marketing firm that partners with many of the world’s largest and emerging businesses and organizations.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Brown Advisory
MAY 31, 2018
NOW 2018 | 50 Years after MLK: Does Race Matter? achen Thu, 05/31/2018 - 11:41 Fifty years after Dr. King’s assassination, many Americans are examining how we’ve changed for the better as a country and where we still fall short. Dr. Gates, one of the country’s most respected voices on race in America, opened our panel on this topic at NOW 2018 with a blunt question: Fifty years later, what changes would please Dr.
Brown Advisory
MAY 31, 2018
NOW 2018 | Towards Artificial General Intelligence? achen Thu, 05/31/2018 - 11:51 In a first for NOW, the multitalented Ashley Llorens kicked off the 2018 conference with a killer hip-hop performance that had the crowd putting their hands in the air. While we all would have enjoyed a longer set from Llorens (who performs around the world as SoulStice), he soon moved his presentation to his “other” area of expertise: He leads the Intelligent Systems Center at the Johns Hopkins University Applied
Brown Advisory
MAY 31, 2018
NOW 2018 | Closing the Gender Wealth Gap achen Thu, 05/31/2018 - 11:51 The typical woman who works full time earns 79 cents for every dollar earned by a typical man. We hear this income statistic a lot. It’s disheartening, more so when you learn that the disparity is even worse along racial lines. Black women earn 63 cents for every dollar earned by white men; Hispanic women, 54 cents.
Brown Advisory
MAY 31, 2018
NOW 2018 | What is the Economic Impact of Political Polarization? achen. Thu, 05/31/2018 - 09:11. The U.S. economy has improved markedly since the 2008–09 credit crisis. We’ve had 90 straight months of positive job growth and a near-record 36 consecutive quarters of economic expansion. But while all may appear rosy on the surface, when you dig deeper, you can find some worrying trends.
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.
Brown Advisory
MAY 31, 2018
NOW 2018 | China and the Race for Artificial Intelligence. achen. Thu, 05/31/2018 - 09:20. The advent of artificial intelligence (AI) is one of the top technology stories in recent years. Not surprisingly, AI has also permeated public policy discussions, especially with the U.S. and China each putting forth plans to address the future of this technological revolution.
Brown Advisory
MAY 31, 2018
NOW 2018 | What Makes a Great Leader? achen. Thu, 05/31/2018 - 09:49. What do the Magna Carta, the Washington Monument and giant pandas have in common? Those who have followed David Rubenstein’s career know that he has supported all of these causes and many others through his exemplary philanthropic efforts. During the NOW 2018 conference, Rubenstein and Brown Advisory CEO Mike Hankin engaged in a rapid-fire conversation that covered Rubenstein’s thoughts on a wide range of topics, from the Foun
Brown Advisory
MAY 31, 2018
NOW 2018 | The Changing Nature of Trust. achen. Thu, 05/31/2018 - 10:51. For 18 years, Matt Harrington has been studying, analyzing and synthesizing the evolution of society’s trust in four institutions: government, business, NGOs and media. Harrington oversees global operations for Edelman, a leading global communications marketing firm that partners with many of the world’s largest and emerging businesses and organizations.
Brown Advisory
MAY 31, 2018
NOW 2018 | Free Trade, Tariffs and Trouble. achen. Thu, 05/31/2018 - 11:17. Current news of tariffs and trade wars is the latest evidence that the ideology of free trade and globalization is under attack. This battle isn’t being fought in classrooms or among academics (most economists view free trade as broadly beneficial for the global economy), but on the front lines of social media.
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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.
Brown Advisory
MAY 31, 2018
NOW 2018 | 50 Years after MLK: Does Race Matter? achen. Thu, 05/31/2018 - 11:41. Fifty years after Dr. King’s assassination, many Americans are examining how we’ve changed for the better as a country and where we still fall short. Dr. Gates, one of the country’s most respected voices on race in America, opened our panel on this topic at NOW 2018 with a blunt question: Fifty years later, what changes would please Dr.
Brown Advisory
MAY 31, 2018
NOW 2018 | Closing the Gender Wealth Gap. achen. Thu, 05/31/2018 - 11:51. The typical woman who works full time earns 79 cents for every dollar earned by a typical man. We hear this income statistic a lot. It’s disheartening, more so when you learn that the disparity is even worse along racial lines. Black women earn 63 cents for every dollar earned by white men; Hispanic women, 54 cents.
Brown Advisory
MAY 31, 2018
NOW 2018 | Towards Artificial General Intelligence? achen. Thu, 05/31/2018 - 11:51. In a first for NOW, the multitalented Ashley Llorens kicked off the 2018 conference with a killer hip-hop performance that had the crowd putting their hands in the air. While we all would have enjoyed a longer set from Llorens (who performs around the world as SoulStice), he soon moved his presentation to his “other” area of expertise: He leads the Intelligent Systems Center at the Johns Hopkins University Applie
The Irrelevant Investor
MAY 30, 2018
On this week's Animal Spirits, we discussed: My dad has $1.8 million dollars worth of GE Is there alpha in small cap stocks? The myth of 1926 The marshmallow test. Separating the ingredients and the recipe. Lessons from the past 25 years The financial health of millennials What's going on with ESPN? What's going on with Fidelity? And how KD is building a Silicon Valley empire.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Brown Advisory
MAY 30, 2018
NOW 2018 | Engaging the Next Generation in Public Service achen Wed, 05/30/2018 - 15:15 Our NOW 2018 conference dealt with a variety of forces that are tearing at the fabric of society, from social inequities, to political strife, to technological disruption. It was fitting, then, for us to close the conference with a discussion about public service and its power to bring our society together.
Brown Advisory
MAY 30, 2018
NOW 2018 | Finding Truth in a World of Disinformation achen Wed, 05/30/2018 - 15:27 In a year when border protection is consistently headline news, it is ironic that the media is struggling with a border war of its own—specifically, the border between information and disinformation. News consumers are confronted daily with the challenge of discerning truth from falsehood.
Brown Advisory
MAY 30, 2018
NOW 2018 | Is Blockchain the New Internet? achen Wed, 05/30/2018 - 16:45 Despite the countless benefits of the internet, it suffers from a glaring gap in its fundamental design. To hear popular science author Steven Johnson describe it, this fundamental flaw is that the internet lacks an open-source feature to map each user’s identity. This functionality, or lack thereof, can be viewed as the primary driver behind dominant internet business models that track users’ identities and behaviors, and
Brown Advisory
MAY 30, 2018
NOW 2018 | Engaging the Next Generation in Public Service. achen. Wed, 05/30/2018 - 15:15. Our NOW 2018 conference dealt with a variety of forces that are tearing at the fabric of society, from social inequities, to political strife, to technological disruption. It was fitting, then, for us to close the conference with a discussion about public service and its power to bring our society together.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Brown Advisory
MAY 30, 2018
NOW 2018 | Finding Truth in a World of Disinformation. achen. Wed, 05/30/2018 - 15:27. In a year when border protection is consistently headline news, it is ironic that the media is struggling with a border war of its own—specifically, the border between information and disinformation. News consumers are confronted daily with the challenge of discerning truth from falsehood.
Brown Advisory
MAY 30, 2018
NOW 2018 | Is Blockchain the New Internet? achen. Wed, 05/30/2018 - 16:45. Despite the countless benefits of the internet, it suffers from a glaring gap in its fundamental design. To hear popular science author Steven Johnson describe it, this fundamental flaw is that the internet lacks an open-source feature to map each user’s identity. This functionality, or lack thereof, can be viewed as the primary driver behind dominant internet business models that track users’ identities and behaviors, an
Brown Advisory
MAY 30, 2018
NOW 2018 | The Global Refugee Crisis. achen. Wed, 05/30/2018 - 17:06. The world currently faces one of the most tragic humanitarian crises in modern history. According to the United Nations, more than 65 million people are currently forcibly displaced from their homes, a larger number than at any time since World War II. Today’s refugees are displaced on average for nearly 20 years, longer than at any other time in recorded history.
The Irrelevant Investor
MAY 29, 2018
Matt Bertuzzi sent me a link to this Reddit discussion last night. My dad has $1.8 million dollars worth of GE. What should he do? This is roughly 90% of his stock portfolio. I warned him to diversify a few years back, but he’s held the stock for years and is quite stubborn :). He is 67 years old and is retiring from GE within the next year or so. He will then receive pension.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
The Irrelevant Investor
MAY 27, 2018
Articles If you keep written journals, there is simply no way to let hindsight bias take over, for there, in your own hand, is what you thought about something at the time , with revisions through selective memory impossible. By Jim O'Shaughnessy The ingredients are the signals that are used to select investments. The recipe is the set of rules used to transform those signals into portfolio allocations.
The Irrelevant Investor
MAY 25, 2018
The thing about biases is that they're human, so they're seen in every walk of life. In who we choose to be friends with, in what news we read, in investing, and in sports. In Michael Lombardi's new book Gridiron Genius , which I highly recommend, he talks about all of the biases that can infect a football organization. Lombardi says, "Confirmation bias is absolutely insidious in my field even though it breaks the first rule of scouting: Never begin with the end in mind.
Brown Advisory
MAY 24, 2018
2018 Annual Report | Intangibles achen Thu, 05/24/2018 - 14:20 In this year’s report we describe our aspiration to build “Brown Advisory 4.0” which, to us, is the next chapter of our firm’s evolution. While it may seem to be a somewhat arbitrary point of inflection, it is intended to raise the bar for our responsibilities to our clients in a very significant way.
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