Sat.Jun 10, 2017 - Fri.Jun 16, 2017

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A Lesson In Humility

The Irrelevant Investor

If you asked me what I thought about bitcoin a year ago, I would have said it’s ridiculous. Today I have no opinion. My knowledge of cryptocurrencies is unchanged over the last year, but bitcoin is up 240%. Then: A digital currency? What does that even mean? Can’t it get hacked? And what sort of so-called currency has the variance of a 4x ETF? Now: Why should we have faith in paper currencies?

Banking 52
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Municipal SMAs: Behind the Velvet Rope of Regulation

Brown Advisory

Municipal SMAs: Behind the Velvet Rope of Regulation achen Wed, 06/14/2017 - 09:19 At an increasing pace, retail municipal bond investors are shifting money to professional managers via mutual funds or separately managed accounts. While retail investors still account for a meaningful portion of the municipal market, regulatory changes enacted after calls for more market oversight have helped accelerate the industry’s realignment.

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Municipal SMAs: Behind the Velvet Rope of Regulation

Brown Advisory

Municipal SMAs: Behind the Velvet Rope of Regulation. achen. Wed, 06/14/2017 - 09:19. At an increasing pace, retail municipal bond investors are shifting money to professional managers via mutual funds or separately managed accounts. While retail investors still account for a meaningful portion of the municipal market, regulatory changes enacted after calls for more market oversight have helped accelerate the industry’s realignment.

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Be Good Enough

The Irrelevant Investor

There are new investment products hitting the shelves every week. This fierce competition amongst asset management companies is driving down expense ratios, but investor's are potentially paying higher costs. There are 50 U.S. Large Cap ETFs with over $500 million in assets, which means there will always be something in that category doing better than what you've selected.

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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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All-Time High

The Irrelevant Investor

On the final trading day of the first quarter in 2013, the S&P 500 made an all-time closing high. Five and a half years and 1375 trading days had passed since that last happened. On March 28, 2013, stocks wrapped up their strongest first quarter since 1998 and the S&P 500 (SPY) was up 149% from the lows. Banks in Cyprus had been closed for a couple of weeks, jobless claims were 357k, and GDP was growing at 0.4%.

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2017 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

2017 Berkshire Hathaway Annual Shareholder Meeting. achen. Mon, 06/12/2017 - 15:11. Thousands of people come to Omaha each spring for the Berkshire Hathaway annual shareholders’ meeting to hear the insights of Warren Buffett and Charles Munger, Buffett’s longtime business partner. Rather than a transcript, these notes are highlights organized to group common themes from responses to related questions.

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These Are the Goods

The Irrelevant Investor

Articles Your best investments are likely to be made outside of the financial markets. By Cullen Roche Investors want what they can't have. By Ben Carlson There’s a big difference between statistics and strategy. By Charlie Bilello Pay attention to new information that can change a situation and adjust accordingly, but don’t fixate. By Dina Isola Suffering equals pain times resistance.

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Emotional Adjustments

The Irrelevant Investor

The Warriors set a record by winning fifteen straight playoff games. But that came to an end in game 4 when they got their asses handed to them. They lost by nineteen points and played from behind the entire game, there were zero lead changes. After the loss, Steve Kerr said, "The biggest adjustment you make in the playoffs is always an emotional one.