The Irrelevant Investor
DECEMBER 31, 2017
Articles Twitter, Snap, Buzzfeed, and Pinterest are acquired. By Scott Galloway Google revenue between 2004 and 2016 has increased from $3.2 billion to $89.5 billion, while print newspaper advertising fell over the same period from $44.4 billion to $12.9 billion By David Dayen Why do we worry about money even though we’re doing everything right? By Alistair Clark Heuristics have the benefit of saving us time, but also introduce bias.
Brown Advisory
DECEMBER 31, 2017
Global Leaders Investment Letter - Q4 2017 ajackson Sun, 12/31/2017 - 09:50 Global Leaders Strategy Investment Letter - Q4 2017 In this letter the team discuss the folly of big picture forecasting. They also discuss leverage as the market continues to rise, in addition to a discussion of the EBITDA-to-net-debt ratio. Download the Letter Past performance is not a guarantee of future performance and you may not get back the amount invested.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wealth Pilgrim
DECEMBER 16, 2017
You have probably heard about the Proofread Anywhere course, General Proofreading Theory and Practice, and maybe you’re wondering now if investing in that course is worth it or not. It’s a good question – and by the time you finish reading this extensive deep-dive Proofread Anywhere review, you’ll know your answer. And most important; you’ll know […].
Brown Advisory
DECEMBER 31, 2017
Global Leaders Investment Letter - Q4 2017. ajackson. Sun, 12/31/2017 - 09:50. Global Leaders Strategy Investment Letter - Q4 2017. In this letter the team discuss the folly of big picture forecasting. They also discuss leverage as the market continues to rise, in addition to a discussion of the EBITDA-to-net-debt ratio. . . Download the Letter. . .
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The Irrelevant Investor
DECEMBER 25, 2017
There are half as many listed U.S. companies as there were twenty years ago, which is a topic that's been widely covered this year. ( Barron's , Wall Street Journal , Bloomberg , MarketWatch ). I thought this topic was pretty much beaten into the ground until came across an excellent piece from Vanguard. Small IPOs have crashed thanks to tighter regulations, the scrutiny young public companies face, and most importantly, a burgeoning private market.
The Irrelevant Investor
DECEMBER 24, 2017
Articles Stories lead to as much success as success leads to stories. By Morgan Housel At some point along the way the disappointments and hurt feelings from falling short of our youthful ideals begins to wane. By Tadas Viskanta Twelve Books Everyone in Finance Will Be Talking About in 2018. By Phil Huber There are reasons to wonder whether the CAPE has lost its predictive power By Nir Kaissar The goal of life is not always to maximize your returns By Barry Ritholtz There will always be legitima
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
DECEMBER 20, 2017
GMO Quarterly Letter Experts on an earlier version of the world A Dismal Outlook [link] The Midnight Line Herbert Hoover in the White House Thanks for listening! The post Animal Spirits: Invest Like the Worst appeared first on The Irrelevant Investor.
The Irrelevant Investor
DECEMBER 20, 2017
Earlier this week I wrote about the potential different paths the market can take on a journey to the same final destination. Below is a chart which plots three different ways that $10,000 can compound at 2% a year for twenty years. Assuming you buy and you hold, the path won't matter to the end number. But of course, the experience would be wildly different depending on which of the three roads we travel.
The Irrelevant Investor
DECEMBER 18, 2017
In GMOs most recent letter, Jeremy Grantham leads off the piece with, "At GMO these days we argue over three very different pathways to a similar dismal 20-year outlook for pension fund returns.A problem for investors following GMO’s writing is which of these three alternatives to choose" With this in mind, let's take a look at some of the potential paths a low return environment can take.
The Irrelevant Investor
DECEMBER 18, 2017
The best description of the late stages of a bull market comes from the great "Adam Smith's" Supermoney : We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment, the Black Horseman will come shattering through the great terrace doors, wreaking vengeance and scattering the survivors.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Brown Advisory
DECEMBER 18, 2017
Beyond Bottom-Up achen Mon, 12/18/2017 - 16:48 Fundamental investing is a contest of advantage: informational, analytical and behavioral. If investors can gather information and develop insights about companies more effectively than others, they will have the advantage. If they can do it consistently, it may become a formula for long-term success. Understandably, investment firms commit substantial resources to fundamental research.
Brown Advisory
DECEMBER 18, 2017
Beyond Bottom-Up. achen. Mon, 12/18/2017 - 16:48. Fundamental investing is a contest of advantage: informational, analytical and behavioral. If investors can gather information and develop insights about companies more effectively than others, they will have the advantage. If they can do it consistently, it may become a formula for long-term success.
The Irrelevant Investor
DECEMBER 17, 2017
Articles You need to make sure your money is going to organizations that will make best use of your hard-earned money By Tadas Viskanta The more we have of it, it seems, the more money wears off. By Grant E. Donnelly and Michael Norton What's in place now? What's in the new plan? By Ron Lieber and Tara Siegel Bernard The year has actually turned out to be more confusing than expected, playing out in a way that did not align with either of our scenarios.
Brown Advisory
DECEMBER 14, 2017
Balancing Act | Pulling the FANGs Apart achen Thu, 12/14/2017 - 11:34 The “FANG” companies—Facebook, Amazon, Netflix and Google—have been a dominant investment story in recent years. They have attracted attention as a group—as a success story and, more recently, as a target of skeptics— but these companies have far less in common than the “FANG” acronym and associated media coverage suggest.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Brown Advisory
DECEMBER 14, 2017
Balancing Act | Pulling the FANGs Apart. achen. Thu, 12/14/2017 - 11:34. The “FANG” companies—Facebook, Amazon, Netflix and Google—have been a dominant investment story in recent years. They have attracted attention as a group—as a success story and, more recently, as a target of skeptics— but these companies have far less in common than the “FANG” acronym and associated media coverage suggest.
The Irrelevant Investor
DECEMBER 13, 2017
Topics discussed on the show. Jack Bogle is worried about U.S. pensions Something I'm worried about The pension fund private equity Hail Mary Jeremy Siegel expected returns Trading costs & the new market averages Investment costs have never been cheaper The bitcoin whales Coinbase: the heart of the bitcoin frenzy Animating Mr. Market Is Buffett bearish?!
The Irrelevant Investor
DECEMBER 12, 2017
Failure is a far better teacher than success because it's much easier to duplicate failure than it is to replicate success. If we can study somebody's shortcomings, we can take away tangible lessons and also realize that mistakes are just a part of the process. Some can be avoided, some we must learn for ourselves. Ulysses S. Grant was an enormously successful General in the Civil War and he spent eight long years as President of a healing United States.
The Irrelevant Investor
DECEMBER 10, 2017
Articles We have a full-blown mania on our hands and Wall Street is still at the drawing board. By Josh Brown For a time last week, Coinbase was among the 10 most downloaded iPhone apps, ahead of Uber and Twitter. By Nathaniel Popper Markets are supposed to match the needs of buyers with sellers at a fair price. By Tony Isola Oh, if only it were that simple.
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The Irrelevant Investor
DECEMBER 6, 2017
Here are links to topics we discussed on the show. People aren't having babies Automation may wipe out 1/3 of America’s workforce by 2030 Solar prices are crashing Animal Spirits is a collective state of mind. Goldman's Primer on Blockchain is very good. The implosion in early stage VC Fred Wilson's take Goldman warns on valuation A makeover is in order for active managers Getting rich at a young age Your Move: The Underdog's Guide to Understanding Business Thanks for listening!
The Irrelevant Investor
DECEMBER 5, 2017
December has historically been a good time to own stocks. Over the last 91 years, the S&P 500 has averaged a 1.7% return, compared to a 0.9% gain for all other months, not an insignificant spread. So what do we do with this information? 2017 is the twenty-seventh time that the S&P 500 has been up 20% through November. In the previous 26 instances, December has gone on to average an even stronger 1.95% return.
Brown Advisory
DECEMBER 5, 2017
TEDxWilmington | Speak Up. Where It Counts. Loudly. ajackson. Tue, 12/05/2017 - 08:00. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at [link].
Brown Advisory
DECEMBER 5, 2017
TEDxWilmington | How to Lead a Team When Everyone Thinks You're Crazy. ajackson. Tue, 12/05/2017 - 09:50. Speaker: Christopher Buccini. Leadership springs from a strong set of values and a vision that you can make something better -- even revitalize an entire city. It is also about pursuing your dreams, even if the odds are against you.? Chris Buccini is Co-President of The Buccini/Pollin Group, Inc.
Advertisement
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Brown Advisory
DECEMBER 5, 2017
TEDxWilmington | Finding Healing and Purpose Through Service. ajackson. Tue, 12/05/2017 - 10:26. Speaker: Michelle DiFebo Freeman. The difference between seeing yourself as a victim of your circumstance versus putting your pain to work for the good of others is transforming. Great good is done in the world stemming from personal pain and heartache ~ the choice is each person's and can bring purpose and healing to those that choose to walk the path of service.
Brown Advisory
DECEMBER 4, 2017
2017 Year-End Planning Letter. achen. Mon, 12/04/2017 - 13:10. Since last year’s U.S. presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. The dialogue in Washington is progressing, but we still do not know what tax law will look like going forward.
The Irrelevant Investor
DECEMBER 3, 2017
Articles Somebody is making very active decisions about which stocks will be in each index or ‘passive’ product. By Tracy Alloway Just like Friendster gave way to MySpace which gave way to Facebook we will likely see many iterations of these coins over time By Cullen Roche The way we measure inflation matters By Barry Ritholtz Making tons of money at an early age is probably a combination of the best and worst thing that can happen to you.
The Irrelevant Investor
DECEMBER 27, 2017
Life's Happiness Trough Our 2017 Favorites Books River of Doubt, By Candice Millard Destiny of the Republic, By Candice Millard Hero of the Empire, By Candice Millard The True Flag: Theodore Roosevelt, Mark Twain, and the Birth of American Empire, By Stephen Kinzer Home Game: An Accidental Guide to Fatherhood, By Michael Lewis Skunk Works, By Ben Rich Deep Survival: Who Lives, Who Dies, and Why, By Laurence Gonzales How We Got to Now: Six Innovations That Made the Modern World, By Steven Johnson
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
DECEMBER 7, 2017
It's impossible to escape the mania. By this point, literally everybody is talking about it. Friends, family members, customs agents , cats , and obviously, Uber drivers. If you own bitcoin or any of the other cryptos that are making those of us who don't feel foolish, good for you. For the rest of us, we've got some tough choices to make. All of us are pre-programmed with software that can make these types of situations difficult to navigate.
The Irrelevant Investor
DECEMBER 4, 2017
Could today have been a more obvious "sell the news event?" Of course it wasn't obvious to me in the morning, and if we closed at the highs I wouldn't be writing this, but come on. Could this have been any more obvious? The S&P 500 fell 1% from its highs, and closed down a modest 0.11%. But the NASDAQ 100, which has been the leader of this market, fell more than 1% and had its second bad day in the last four sessions.
Expert insights. Personalized for you.
52 
Let's personalize your content