The Irrelevant Investor

JULY 31, 2019

On today's show we discuss Is it a bad idea to borrow money from my friend? (yes) Bird is raising more money And ScootScoop is taking their products You should only own the best stocks Do global stocks outperform US treasury bills? Passive investing is causing a market bubble, but not in stocks you'd expect Portfolios look alike $3.6 trillion of the S&P 500 is indexed Minivans are so 2005 The U.S. dollar is on borrowed time Robinhood is raising money at a $7.6 billion valuation Betterment ev

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Brown Advisory

JULY 24, 2019

Brown Advisory’s 2019 PRI Assessment Report ajackson Wed, 07/24/2019 - 10:04 Brown Advisory has been a signatory to the PRI (Principles for Responsible Investment) since 2014, and each year, we complete a rigorous disclosure of our sustainable investing practices as part of our obligation as a signatory. PRI is the nexus for a massive, global network of asset owners and investment managers—its 2,350+ signatories as of June 30, 2019 represent more than $86 trillion of invested assets.

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SEI

JULY 25, 2019

Recognized for our leadership in corporate philanthropy.

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The Irrelevant Investor

JULY 30, 2019

Jason Zweig and Andrea Fuller pulled no punches yesterday in their piece, Looking for a Financial Planner? The Go-To Website Often Omits Red Flags. The TL:DR is that the company behind the CFP certification, a designation that ought to signal trust and competence to consumers, has let some people with a checkered history use their letters. For example, the Journal uncovered that more than 60 Certified Financial Planners filed for bankruptcy within the past decade.

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Financial Services Certified Financial Planner Financial Planner Certification 52

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

The Irrelevant Investor

JULY 28, 2019

Articles The market for unwavering, rock-solid opinions is bigger than the market for weighted probabilities. By Morgan Housel There are many unpredictable variables regarding investing, the truth shouldn’t be one of them. By Tony Isola Since 1899, more than 3.6 million people have died in traffic accidents in the United States, and more than eighty million have been injured By Nathan Heller It kind of goes without saying, that if you would have invested in one of the biggest, most successful co

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Brown Advisory

JULY 24, 2019

Brown Advisory’s 2019 PRI Assessment Report. ajackson. Wed, 07/24/2019 - 10:04. Brown Advisory has been a signatory to the PRI (Principles for Responsible Investment) since 2014, and each year, we complete a rigorous disclosure of our sustainable investing practices as part of our obligation as a signatory. PRI is the nexus for a massive, global network of asset owners and investment managers—its 2,350+ signatories as of June 30, 2019 represent more than $86 trillion of invested assets.

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Brown Advisory

JULY 23, 2019

2019 Berkshire Hathaway Annual Shareholder Meeting ajackson Tue, 07/23/2019 - 09:50 The Berkshire Hathaway annual meeting is an opportunity for shareholders and analysts to pose questions to Warren Buffett and Charlie Munger. They answered about 50 questions during the five-hour gathering. A touchpoint for developing good investment thinking is going to Omaha each May for the Berkshire Hathaway shareholders’ meeting to hear the insights of Warren Buffett, chairman, and his longtime business part

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Brown Advisory

JULY 23, 2019

2019 Berkshire Hathaway Annual Shareholder Meeting. ajackson. Tue, 07/23/2019 - 09:50. The Berkshire Hathaway annual meeting is an opportunity for shareholders and analysts to pose questions to Warren Buffett and Charlie Munger. They answered about 50 questions during the five-hour gathering. A touchpoint for developing good investment thinking is going to Omaha each May for the Berkshire Hathaway shareholders’ meeting to hear the insights of Warren Buffett, chairman, and his longtime business p

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Insurance Investing Investments Management 52

The Irrelevant Investor

JULY 22, 2019

Being a first time home owner, I had no idea what to expect in terms of recurring utility bills. For the first three months the electricity averaged around $85, which I was very pleased with. But that was before the heat and I knew an increase was coming. So I wasn't too surprised yesterday when the bill came and it showed I owe the electric company $300.

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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.

Accounting

The Irrelevant Investor

JULY 21, 2019

Articles Katzenberg was hellbent on payback and quickly co-founded Dreamworks with Steven Spielberg and David Geffen after raising close to $1B from Paul Allen. By Michael Dempsey eah things could be worse. But things could be so much better too. By Casey Mullooly Eventually, the dinosaurs died and the Mammals lived. By Tony Isola While confidence tends to grow commensurately with portfolio balances, our actual tolerance for risk does not respond in kind By Brendan Mullooly There is no such thin

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The Irrelevant Investor

JULY 18, 2019

In the spring of 2017, Barry, Josh and I were on Patrick O'Shaughnessy's podcast, Invest Like the Best. After we finished recording, Patrick asked me, "why don't you and Ben have a podcast?" He knew how often Ben and I speak on the phone, so he said, "why not just press record and see what happens?" Thank you, Patrick. Our first order of business was figuring out what we were gonna call this thing.

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The Irrelevant Investor

JULY 17, 2019

On today's Animal Spirits, we discuss RIP NonrelatedSense Shielded Alpha The podcast booth at Wealth/Stack Join us for the next re-kindled People are selling stock Research Affiliates on bubbly markets Montier on what GMO got wrong this last decade How to squeeze the most out of credit cards The 150-year old startup Congress is coming for your (inherited) IRA Where relationships come from People have munchies Who does all the trading?

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The Irrelevant Investor

JULY 16, 2019

There was an article in the New York Times that highlighted the reversal of previous findings in medicine. Of more than 3,000 studies published from 2003 through 2017 in JAMA and the Lancet.more than one of 10 amounted to a “medical reversal”: a conclusion opposite of what had been conventional wisdom among doctors. This got me thinking about conventional wisdom in investing that might need further scrutiny.

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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.

Accounting

The Irrelevant Investor

JULY 15, 2019

Today's Animal Spirits, Talk Your Book is brought to you by Teucrium Click here for more information on Teucrium On today's show we talk about What drives commodity returns? How do commodities work inside of an ETF? Where do agricultural commodities fit within a traditional portfolio? How has commodity investing changed over time? How do tariffs impact commodities?

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The Irrelevant Investor

JULY 14, 2019

Articles Great companies will attract good investors, but great companies at the right price will attract great investors. By Jamie McGurk While the rise of Technology stocks is a significant component of the reason that Growth outperformed Value over this turning point, about three quarters of the underperformance comes from Financials By Chris Meredith A moving target forecasting a moving target By Josh Brown The US stock market has underperformed equal weighting in 8 of 12 decades By Meb Fabe

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Marketing Marketing 52

The Irrelevant Investor

JULY 11, 2019

Things we normally worry about The CAPE ratio The inverted yield curve Peak profits GDP growth Demographics Student loans Bond liquidity Black swans Flash crashes The Fed being behind the curve Gridlock in congress Geopolitical instability Inflation Deflation The decline in listed stocks The bubble in private markets Buybacks Auto loans Index funds distorting prices Am I saving enough money?

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The Irrelevant Investor

JULY 10, 2019

Schroders did a Global Investor Study (H/t Meb Faber ) They surveyed over 25,000 people from 32 countries and asked them various questions pertaining to investing. Some of the biggest findings are the usual suspects; people check their portfolio way too often (guilty), they don't give their investments nearly enough time, and their return expectations are too high.

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Banking

The Irrelevant Investor

JULY 9, 2019

Josh, Ben and I did a video on the 7 deadly sins of investing: Lust, Gluttony, Greed, Sloth, Wrath, Envy, Pride. My favorite comment was from Josh on the topic of envy. The worst thing you can do is read articles about investors who have just kicked ass in some stock or some asset class and feel like, "that should have been me. The next time something like that comes around I'm not gonna miss out.

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The Irrelevant Investor

JULY 6, 2019

Articles The overstated earnings hypothesis carries significant implications for individual stock selection and overall stock market valuation By Jesse Livermore These things are harder to stick with than they look like in presentations By Cliff Asness He built six hundred and twenty-seven miles of parkways and expressways, every modern bridge in New York, reshaped the whole park system, et cetera.

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The Irrelevant Investor

JULY 5, 2019

I listened to a great conversation this week with Russ Roberts and Adam Cifu , MD. They spoke about Cifu's recent paper, The Case For Being a Medical Conservative which takes a good hard look at evidence-based medicine. Cifu said two things that had clear parallels to investing: 1- " Should evidence come with an expiration date?" 2-"Once we take a drug which looks great in the lab and put it in a human being, boy it's a different game.

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The Irrelevant Investor

JULY 3, 2019

When people look at financial markets, they see numbers and they hear narratives. But data can hide the past and stories can distort the present. The Dow gained 8% from 1966-1982. What does this reveal about what it was like to live and invest over this 17-year period? Nothing. History books will describe the last ten years as "a period of moderate economic growth on the back of accommodative central bank policy.

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Numbers Banking Marketing Marketing 52

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.

Financial Advice

The Irrelevant Investor

JULY 2, 2019

On today's show we talk about Come see us at Wealth/Stack Drink your coffee How Netflix changed entertainment Comedy is dead What's going on in your savings account? Amazon is the new king of shipping Superhuman email When Vanguard changed their precious metals fund Zillow's consumer housing trends (2018) Honeymoon hashtag Bank fees, what a racket Listen here Recommendations One Giant Leap How History Gets Things Wrong Charts Tweets [link] [link] Email us at animalspiritspod@gmail.com with any f

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The Irrelevant Investor

JULY 1, 2019

Today's Animal Spirits Talk Your Book is brought to you by Invesco. Click here to learn more. On today's show we talk about: Invesco Global Factor Investing Study Why is the debate about whether or not you should time factors not relevant? What are the differences between investment factors and risk factors? Who shouldn’t invest in factors? Who actually put factor investing on the map?

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The Irrelevant Investor

JULY 8, 2019

Today's Animal Spirits, Talk Your Book is presented by Acquirers Funds. Go to acquirersfund.com for more information. You can find all of Toby's books here Follow him on Twitter On today's show we talk about Toby's new long/short ETF, ticker ZIG Why has value underperformed for so long? The differences between the long and the short side Why 130/30?

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The Irrelevant Investor

JULY 7, 2019

A few months ago there was an article called You don't need that: Average American spends almost $18,000 a year on nonessentials. Shaming people for their spending habits is extremely clickable, so expect to see more of these in the future. This is the basic gist of: Starbucks is a waste of money. Drink Folgers. Buying lunch is a waste of money. Eat leftovers.

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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.

Financial Planning