The Big Picture

JULY 22, 2022

After yesterday’s discussion on the uncertainty monster , a friend who “loves perspective changers” reached out with a challenge: “Most people rarely question their own basic ideas,” he said, He challenged me to find 10 concepts to do just that. I agreed to give it a shot, assembling a list of my own, filling it out with a few classics from others: Uncertainty : Objectively speaking “uncertainty” does not increase or decrease – by definition, the future is always inherently uncertain.

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The Reformed Broker

JULY 16, 2022

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These were the most read posts on the site this week, in case you missed it: The post This Week on TRB appeared first on The Reformed Broker.

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Abnormal Returns

JULY 20, 2022

Investing Investing in stocks is bet on human ingenuity. (awealthofcommonsense.com) Marketing messages are not guarantees when it comes to investing. (wsj.com) Nine key questions for any investor including 'Why is active management destined to underperform?' (humbledollar.com) Five things to do as an investor in your 20's. (peterlazaroff.com) How to avoid investment scams.

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Nerd's Eye View

JULY 19, 2022

Welcome back to the 290th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andrew Komarow. Andrew is the founder of Tenpath Financial Group and Planning Across the Spectrum, a hybrid firm based in Farmington, Connecticut that oversees $100 million in assets under management for 100 client households. What's unique about Andrew, though, is how he, as a financial advisor with autism, has built a firm with a specialized niche of autistic and other neurodivergent cli

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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.

Accounting

The Big Picture

JULY 20, 2022

Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses investing in a volatile market and the probability the Fed causes a recession. Risk, Reward Two Sides of Same Coin, says Ritholtz. ?. Source: Bloomberg , July 19th, 2022. Previously : Rally , Multiple Compression , Earnings¯_(?)_/¯ Recession , Double Bottom (July 18, 2022).

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Abnormal Returns

JULY 18, 2022

Treasuries The MOVE index is at 2020-like levels. (axios.com) Investors are shunning the 20-year Treasury. (ft.com) Stock picking On the importance of researching stocks even when they are too expensive. (rationalwalk.com) When to sell a stock: a flowchart. (twitter.com) 60/40 Portfolio A reason why the 60/40 portfolio isn't working this time around.

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Financial Advising Startup Economy Portfolio 246

Nerd's Eye View

JULY 20, 2022

For many workers, a typical career entails a series of successive jobs over several decades, with the end goal of retiring and finally being able to ‘relax’ And while most breaks from work on the traditional path are limited to short vacations, there is a growing movement of individuals who want to take extended time off during their working years to take advantage of their health and opportunities that might not be available to them once they reach ‘normal’ retirement ag

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The Big Picture

JULY 17, 2022

Visualizing the Coming Shift in Global Economic Power (2006-2036p). Source: Visual Capitalist. I never know what to make of these grand extrapolations but submitted for your approval… The post Coming Shift in Global Economic Power? appeared first on The Big Picture.

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Economics 284

The Reformed Broker

JULY 18, 2022

TONIGHT AT 5:30PM EST! On this special episode of Live from The Compound, Matthew Ball joins Josh Brown and Ben Carlson! Matthew Ball is the Managing Partner of EpyllionCo and a Venture Partner at Makers Fund. Tune in down below! He’s got a new book coming out on the metaverse and we’re going to ask him all about it. Find more from Matthew at: Twitter/BallMatthew matthewball.vc.

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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

Abnormal Returns

JULY 19, 2022

Markets A 3% 30-year Treasury bond is no great deal. (morningstar.com) Eight reasons why a 1929-style stock market crash is less likely today. (dariusforoux.com) Strategy The good thing about bear markets is that they eventually end. (awealthofcommonsense.com) Why you should ignore the steady stream of market 'sorcerers.' (ofdollarsanddata.com) Finance Jefferies Financial Group ($JEF) is simplifying its business.

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Financial Advising Valuation Media Taxes 245

Nerd's Eye View

JULY 18, 2022

Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear. To meet this challenge, CFP Board’s Center For Financial Planning has engaged in fundraising for several years to fuel campaigns that have focused on building the advisor workforce of the future.

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The Big Picture

JULY 22, 2022

Has there ever been a sexier, more lovely roadster than the Jaguar E-Type? It is perhaps the most beautiful convertible — ever. Even Enzo Ferrari called the E-Type ‘ The most beautiful car ever made.” And a 150-mph top speed didn’t hurt either. The E-Type was continually upgraded from 1961 through 1975 while retaining its spectacular styling. The original 3.8-liter XK straight-six made 265bhp from the factory; the engine grew to 4.2 liters. and produced the same 265 horsepower as the 3.8-l

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Engineering 274

The Reformed Broker

JULY 19, 2022

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ?What’s Priced In? – “Why Did The Market Not Go Down In The Face Of Incredibly Worsening Data” ?Netflix Earnings – “Advertisers Were Locked Out of Netflix for Years.

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Advertisement

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

Abnormal Returns

JULY 17, 2022

Also on the site this week Four tips to avoid stock market aggravation. (abnormalreturns.com) Top clicks this week Don't kid yourself about gold. (allstarcharts.com) Commodity prices are correcting. (mrzepczynski.blogspot.com) Comparing the last three big bear markets. (priceactionlab.com) How much of an economic downturn is priced in already? (tker.co) Joshua Brown, "The “soft landing” idea is going to fade away.

Economics 159

Economics Investing Investments Marketing 159

Pragmatic Capitalism

JULY 22, 2022

Here are some things I think I am thinking about: 1) The Money Multiplier Lives! Longtime readers are probably very tired of watching me try (unsuccessfully) to kill the money [ … ].

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The Big Picture

JULY 22, 2022

My end-of-week morning offsite reads: • A New Bull Market Can’t Start Until Investors Give Up For a new cycle to begin, people who bet on the market need to capitulate. Problem is, they’ve forgotten what that feels like. ( Wall Street Journal ). • What’s Going On…With Jobs The June jobs report was cheered by economic bulls given its strength in level terms, but rates of change among leading indicators don’t favor a soft-landing outcome for the economy. ( Charles Schwab ) see al

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Engineering Management Economy Economics 273

The Reformed Broker

JULY 21, 2022

Final Trades: Boeing, Invitation Homes, Abbott Labs & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Advertisement

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.

Banking

Abnormal Returns

JULY 22, 2022

Markets Barry Ritholtz, "Earnings are what they are, the profits of corporate America. By definition, they cannot be wrong – only better or worse than expected." (ritholtz.com) Why grifters use technological change to take advantage of investors. (novelinvestor.com) Markets are driven by feedback loops. (mrzepczynski.blogspot.com) Companies Snap ($SNAP) results are sign of slowing social media revenue growth.

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Financial Advising Media Economy Numbers 146

Pragmatic Capitalism

JULY 19, 2022

Here’s a new Three Minute Money episode. We’re still cranking through some basics, but this one needs reiterating because the money multiplier seems to be immortal. Ideas like “fractional reserve [ … ].

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The Big Picture

JULY 18, 2022

Ignore the emojis in the headline long enough to ask yourself this question: What might the rest of 2022 look like ? I did that exercise last week in response to a client inquiry about the second half of the year. The context was excess cash looking for a good long-term home (not a trade). The question was not so much where to put the capital, but rather when to deploy it.

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Economy Marketing Marketing Clients 273

The Reformed Broker

JULY 19, 2022

Final Trades: Disney, Schlumberger, Nvidia & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Numbers

Abnormal Returns

JULY 22, 2022

The biz Acast is buying Podchaser. (axios.com) Economics Brian Koppeman talks with author Roger Lowenstein author of "Ways and Means: Lincoln and His Cabinet and the Financing of the Civil War." (stitcher.com) Ezra Klein talks housing with Jenny Schuetz who is the author of the new book “Fixer Upper: How to Repair America’s Broken Housing Systems.“ (nytimes.com) Antti Ilmanen Barry Ritholtz talks with Antti Ilmanen author of “Investing Amid Low Expected Returns: Making the Most When Markets Offe

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Retail Economics Investing Investments 130

Calculated Risk

JULY 21, 2022

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending July 16, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, rising 29% above one year ago.

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Sales Marketing Marketing 145

The Big Picture

JULY 21, 2022

My morning train WFH reads: • Interest-Rate Pain From Higher Inflation Has Barely Begun : Stocks, houses, corporate borrowers and the federal Treasury may not be ready for a world of much higher real interest rates ( Wall Street Journal ). • A Warren Buffett Protégée Strikes Out on Her Own : Tracy Britt Cool spent a decade working closely with the renowned investor.

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Recruitment Engineering Management Investing 270

The Reformed Broker

JULY 20, 2022

Josh Brown sells half his Netflix position from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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

Abnormal Returns

JULY 21, 2022

Finance Why this era of large-scale speculation isn't going away any time soon. (ft.com) A profile of Buffett protege, Tracy Britt Cool as she builds her own investment firm, Kanbrick (nytimes.com) A profile of Sam Bankman-Fried and FTX's growing empire. (bloomberg.com) A wide-ranging Q&A with Michael Mauboussin. (manual.withcompound.com) Behavior A three-step process to better accepting feedback.

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The Irrelevant Investor

JULY 19, 2022

We’ve seen some nasty economic data over the past month. Aside from a still hot labor market, there weren’t many bright spots. Inflation rose 9.1% in June, the highest reading since 1981 The national average for gasoline topped $5 a gallon for the first time 33% of listed homes have cut their prices Home builder confidence fell to the lowest levels since May 2020 30-year mortgage rates hit 5.8%, the highest s.

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Economics Marketing Marketing 123

Meb Faber Research

JULY 20, 2022

Episode #430: Frank Giustra & Ian Telfer – The Bull Case for Gold Guests: Frank Giustra & Ian Telfer are mining executives that built Goldcorp into a $50 billion business. Ian is the former Chairman of Goldcorp and Frank was a co-founder & Director of Goldcorp. Frank later founded Lionsgate entertainment. Date Recorded: 7/12/2022 […].

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