The Irrelevant Investor
APRIL 30, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) On this week's Animal Spirits, we discuss: Millennials and money survey Netflix at risk (survey) Avengers made a lot of money Uber lost a lot of money Ralph Macchio and Bill Simmons Follow us on Instagram Listen here Recommendations Trade-Off America's Bank The Opposite of Spoiled Charts Tweets [link] [link] The post Animal Spirits: Remember G-Chat?
Brown Advisory
APRIL 1, 2019
Zucked: Waking Up to the Facebook Catastrophe. ajackson. Mon, 04/01/2019 - 05:30. Speaker: Roger McNamee, Author, Zucked: Waking Up to the Facebook Catastrophe; Managing Director, Elevation Partners. Moderator: Brett Gibson, Managing Partner, NextGen Venture Partners. Read the conference recap here.
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The Irrelevant Investor
APRIL 30, 2019
This morning Nick Maggiulli published a post about the importance of checking your work. He said, "becoming a purveyor of signal in a world drowned by noise is the ultimate reputational asset." If people can't trust that your numbers are right, or that your information is accurate, you're finished. People will forgive a typo here, or a miscalculation there, but too many of them, and they're gone forever.
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.
The Irrelevant Investor
APRIL 27, 2019
It's Friday December 21, and the S&P 500 had just finished lower than its open for the tenth straight day. The index was 17.54% off its closing highs, and we already lost our generals: Apple and Amazon were each down more than 30%, Netflix and Facebook were each down more than 40%. It felt like only a matter of time before we lost the soldiers. Ben and I talk a lot on the phone, and every day that week I told him that rallies weren't holding.
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The Irrelevant Investor
APRIL 25, 2019
A friend of mine was pitched a variable annuity. He sent it over to me to take a look. Before I get into the details of this product, I want to make clear two things: I am not an expert in this field, and there are more annuities than there are hedge funds. They all share some basic characteristics, but the devil is in the details. This particular variable annuity was linked to the NASDAQ 100 and S&P 500 with specific caps to the upside and buffers to the downside.
The Irrelevant Investor
APRIL 23, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed Is inflation dead? Ben's take via William Bernstein Dave Ramsey is huge Buffett talking to students Elizabeth Warren calls for student loan forgiveness Steve Schwarzman had an out-of-body experience Reverse mortgages Listen here Recommendations Destiny and Power Alpha Girls Charts Tweets [link] The post Animal Spirits: The Re-Readables appeared first on The Irrelevant Investor.
The Irrelevant Investor
APRIL 24, 2019
“He had very few doubts, and when the facts contradicted his views on life, he shut his eyes in disapproval.” -Hermann Hesse I was wrong. I took action, or in this case inaction, that hurt somebody close to me. It wasn't a conscious decision I made, but that doesn't excuse the fact that I behaved inappropriately. What I failed to do was brought to my attention and I said I'm sorry right then and there.
The Irrelevant Investor
APRIL 23, 2019
Ted Seides recently sat down with David Zorub to chat about all things investing. One of the things David said really resonated with me: At some point as you go through your career you'll outgrow your mentors and that's okay. You have to seek new ones. This is a fantastic observation. There's nothing wrong with learning from Buffett and Munger and Marks, but at some point you have to move out of that cozy, warm sleeping bag.
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.
The Irrelevant Investor
APRIL 21, 2019
In 1999, a young person asked Warren Buffett: I was wondering, since the stock market's so high right now, if it would be smart for us to get involved now or to wait until it goes down a little. Here are some of the things he said. First save money. Then worry about which stocks to pick. There is no substitute for experience. Buffett tells a story about the first stock he bought when he was eleven years old.
The Irrelevant Investor
APRIL 22, 2019
It was a good run. In the five years leading up to the worst week ever, the NASDAQ Composite gained 445%, compounding at 40% a year. For some stocks it was even better. Cisco, Qualcomm and others made the index look like a snail. But then, in just one week, it all came crashing down. The daily returns for the NASDAQ Composite for the week ending in April 14th, 2000 were as follows: Monday -5.8% Tuesday -3.2% Wednesday -7.1% Thursday -2.5% Friday -9.7% In just five days, the index shed a quarter
The Irrelevant Investor
APRIL 20, 2019
Articles Investing is one of the only venues that offer daily opportunities for extreme rewards By Morgan Housel The assets under management for the U.S. taxable bond mutual fund and ETF universe have gone from about $380 billion in 1993 to roughly $3.8 trillion today By Michael Mauboussin They only work when we do not know in the least who or what they are By Rusty Guinn Don’t try to win.
The Irrelevant Investor
APRIL 19, 2019
William Bernstein is one of the people I admire most in this industry. He is a true renaissance man, having been a neurologist, financial theorist, money manager, and non-fiction author. If you've never read any of his books, I cannot recommend them highly enough. You can check them out here. Bernstein was on Master's in Business this weekend with Barry and during their conversation about money, he just absolutely nailed: If you put $100 into stocks and save it for 70 years, you're going to have
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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.
The Irrelevant Investor
APRIL 17, 2019
We've been doing videos for exactly a year now. It took a while for us to hit our stride, but I think we're getting the hang of this. The first few videos, like the first few of anything, were pretty rough. But we kept going, and little by little the quality improved to where I feel pretty good about where we are and where we're going with this thing.
The Irrelevant Investor
APRIL 18, 2019
Apple has added $286 billion in market capitalization over the past 73 trading sessions. That's $10 million every minute. There are only 11 companies in the United States with a higher valuation than what Apple managed to tack on since January 3rd. The biggest stock in the world gained 43% in under four months. How does something like this happen? This question is a Rorschach test of sorts; Some people will see this and scoff at the idea that markets are efficient.
The Irrelevant Investor
APRIL 16, 2019
Michael Jordan drafted Kwame Brown with the first overall pick in the 2001 NBA draft. Brown was one of the biggest busts in league history, and two seasons later, after a 74-90 cumulative record, Jordan was fired as president of basketball operations. In 2006, Jordan bought a minority stake in the Charlotte Bobcats, becoming the second largest shareholder.
The Irrelevant Investor
APRIL 16, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed High yielding stocks Money made by chance Ray Dalio thinks capitalism is broken Sometimes your friends beat you College grads selling a piece of themselves How do financial advisors spend their time? Retail pain Amazon's letter to shareholders Is voice the future?
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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.
The Irrelevant Investor
APRIL 13, 2019
Articles The hardest part of studying history is that you know how the story ends, often before you begin researching a topic By Morgan Housel The best way to avoid errors in the future is to have made most of the major types of errors in the past. By Patrick O'Shaughnessy If you’re interested in something today, there’s nothing stopping you from learning about it tomorrow.
The Irrelevant Investor
APRIL 13, 2019
Last week I went on Trading Nation to talk with the Mike Santoli last. A lot of the discussion centered around this post I wrote last week. Check it out. The post How to Avoid Some Big Mistakes appeared first on The Irrelevant Investor.
The Irrelevant Investor
APRIL 13, 2019
Adam Smith absolutely nailed it when he said “Statistics provided rather bloodless answers.” What you see in a spreadsheet is mostly b t because life doesn't adhere to formulas. Allow me to share a quick personal story. It was January 24th and I still hadn't sold my apartment. I was feeling the heat because I was supposed to be closing on my house on March 15th.
The Irrelevant Investor
APRIL 9, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed Dividends don't matter as much as they used to The phony retirement crisis The real retirement crisis The bull market will last forever Short backtests. Especially long/short ones. Amazon air pods The day the dinosaurs died Everyone thinks they need twice as much money as they have Stock picking is still hard What will be unthinkable in 50 years?
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.
The Irrelevant Investor
APRIL 8, 2019
I'm not really into motivational quotes, but I am all about smart people saying smart things. Below are a few I've compiled over the years. “History never tells us what would have happened, only what did happen.” -H.W. Baird , The Age of Gold “We must be careful in praising or condemning because the future may hold surprises for us.” - Neil Postman , Amusing Ourselves to Death “The market will not go up unless it goes up, nor will it go down unless it goes down, and it will stay the same unless
The Irrelevant Investor
APRIL 6, 2019
Articles The most important lesson I have ever learned By Nick Maggiulli Volatility is almost always a fee, not a fine By Morgan Housel A blogger is only as good as their audience By Ben Carlson Zero is a psychological barrier, not a real one By Jeff Sommer Of the 268 ETFs begun in 2018, 81% didn’t reach $50 million by year end. By Crystal Kim Podcasts The center for advanced hindsight With Ted Seides and Dan Ariely If a book is any good, it has the capacity to be misunderstood With Barry Rithol
The Irrelevant Investor
APRIL 7, 2019
The Board of Governors of the Federal Reserve System publishes an annual report on the well being of U.S. households. I pulled some of the most important charts. The typical amount of education debt in 2017 was between $20,000 and $25,000, putting monthly payments between $200 and $300 per month. If you're making $50,000, this means 13-20% of your paycheck is going to service your loans.
The Irrelevant Investor
APRIL 5, 2019
Last week I was on a panel in front of a room full of college students. A few of them have since reached out to me asking for tips on how to get into the financial industry. Unfortunately, I'm not the best person to give this sort of advice because I experienced a lot of trouble when I was in their shoes. I'm very lucky that things worked out for me because if it wasn't for a chance encounter , I might never have gotten my foot in the door.
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
APRIL 2, 2019
On today's Animal Spirits we discuss: Teaching kids basic financial advice Financial literacy is an epic fail Netflix for financial planning There are a lot of rich people A hot take on Lyft Research affiliates symposium Listen here Recommendations Spending Time: The Most Valuable Resource New Ideas From Dead CEOs Tweets mentioned [link] Charts mentioned The post Animal Spirits: Netflix for Financial Planning appeared first on The Irrelevant Investor.
The Irrelevant Investor
APRIL 2, 2019
Albert Edwards is famous in the financial world for being negative, to put it mildly, on anything and everything related to the future prospects of the world. By his own admission, he's been bearish for 23 years. Edwards recently shared the following chart which he claims vindicates his bearish take on global stocks even as they rose 300% (U.S. stocks did 450% over this time).
The Irrelevant Investor
APRIL 1, 2019
How is the market doing? This question is answered every day by countless media outlets: "In financial markets, the Dow gained 65 points today while the S&P 500 rose 0.13% and the NASDAQ tacked on 0.25%." This generic language has accompanied each of the 302 trading days since January 17, 2018. Since that time, these absolute daily changes add up to over 58,000 Dow points.
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