The Big Picture

AUGUST 17, 2022

Yesterday I spent some time with Eric Balchunas recording a Masters in Business podcast. Balchunas is Senior ETF Analyst for Bloomberg Intelligence and the author of “ The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions.”. It’s a fun conversation I’m sure everybody will enjoy. There are parts of our discussion I thought were obvious, but he convinced me as underappreciated: First and foremost, the intense disruption of low-c

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The Reformed Broker

AUGUST 13, 2022

It’s good to be back! After a much needed vacation, got back into the swing of things this week… 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

AUGUST 17, 2022

Podcasts Christine Benz and Jeff Ptak talk with Joe Saul-Sehy co-author of a new book "Stacked: Your Super-Serious Guide to Modern Money Management." (citywireusa.com) Demetri Kofinas talks with Vitaliy Katsenelson author of "Soul in the Game." (hiddenforces.io) Investing On the emotional advantage of caring less about your investments. (humbledollar.com) Thinking about money management as water management.

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Nerd's Eye View

AUGUST 16, 2022

Welcome back to the 294th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Neel Shah. Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.

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Financial Advisor Clients Estate Planning Planning 246

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

AUGUST 15, 2022

One of my favorite ways to contextualize market trends is to divide long periods of time into secular bull and bear markets. When we look at the past century, we can see decades-long eras where the economy is generally robust, supporting markets trending higher, with expanding multiples. We call these eras Secular Bull Markets. The best examples are 1946-66, 1982-2000, and 2013 forward.

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Abnormal Returns

AUGUST 19, 2022

Work Ezra Klein talks the new world of work with Anne Helen Petersen and Charlie Warzel authors of “Out of Office: The Big Problem and Bigger Promise of Working From Home.” (nytimes.com) Russ Roberts talks with Tyler Cowen, co-author of "Talent: How to Identify Energizers, Creatives, and Winners Around the World." (econtalk.org) Brett McKay talks with Melody Warnick author of "If You Could Live Anywhere: The Surprising Importance of Place in a Work-From-Anywhere World.

Food 245

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Nerd's Eye View

AUGUST 16, 2022

Welcome back to the 294th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Neel Shah. Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.

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Financial Advisor Clients Estate Planning Planning 246

The Big Picture

AUGUST 14, 2022

During the 2022 Abel lectures Jim Simons had a conversation with Nils A. Baas and Nicolai Tangen. The lectures were held at The University of Oslo, May 25th…. A conversation with Jim Simons: Mathematics, Common Sense and Good Luck. Source: The Abel Prize , June 13, 2022. The post A conversation with Jim Simons appeared first on The Big Picture.

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The Reformed Broker

AUGUST 17, 2022

Investors need to use down days and pullbacks as market entry points, says SoFi’s Liz Young from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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

AUGUST 14, 2022

Also on the site Don't let inertia keep you from learning something new (and useful). (abnormalreturns.com) My Q&A with Eric Barker author of “Plays Well with Others: The Surprising Science Behind Why Everything You Know About Relationships Is (Mostly) Wrong.” (abnormalreturns.com) Calibrating your work-life balance. (abnormalreturns.com) Top clicks this week Five lessons from getting older including 'Change gets old.

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Nerd's Eye View

AUGUST 19, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the FPA is planning to leave the Financial Planning Coalition (which also includes the CFP Board and NAPFA) at the end of the year. This follows the FPA’s announcement that it plans to pursue title reform for the term “financial planner”, and signals that there may be coordination challenges or divergent strategies among the three organi

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The Big Picture

AUGUST 19, 2022

There is a link in yesterday’s reads that I violently disagreed with but found quite interesting nonetheless. Just as retweets aren’t endorsements, my AM reads include things I find fascinating, important, and well-written — regardless of whether or not they reflect my beliefs. If anything, finding contrary pieces helps reduce confirmation bias and curtails my time in a limited information bubble of my own construction.

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The Reformed Broker

AUGUST 18, 2022

Final Trades: Devon Energy, Enterprise Products, Exxon Mobil & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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

AUGUST 14, 2022

Markets Ben Carlson, "Sometimes all the market needs to see is that things aren’t as bad as investors originally feared." (awealthofcommonsense.com) Investing means you are going to experience regret. (humbledollar.com) Companies Peloton ($PTON) is still trying to right-size the business. (frontofficesports.com) Ford ($F) is struggling with quality issues.

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Financial Advising Commission Economics Media 146

Nerd's Eye View

AUGUST 17, 2022

Registered Investment Advisers (RIAs) are generally required to enter into an advisory agreement with their clients prior to being hired for advisory services. And while there is no standard ‘template’ language applicable to all advisory agreements, there are a number of best practices that RIAs can follow in drafting and reviewing their agreements to ensure they can pass legal and regulatory muster.

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The Big Picture

AUGUST 13, 2022

This week, we speak with Kenneth Tropin, chairman and founder of Graham Capital Management , a multi-strategy quantitative hedge fund with $18 billion in assets under management. Prior to founding GCM in 1994, Tropin was president and chief executive officer of hedge fund John W. Henry & Company, and has worked with such legendary traders as John Henry and Paul Tudor Jones.

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Pragmatic Capitalism

AUGUST 16, 2022

I’m excited to share a new research paper with you all. It’s the first one I’ve published in 6 years and it’s one of the few things I’ve written that [ … ].

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Banking

Abnormal Returns

AUGUST 19, 2022

Markets Stop saying the market 'knows' something. (ritholtz.com) On the difference between investing, speculating and gambling. (novelinvestor.com) Companies Cisco ($CSCO) is upping pay to retain employees. (theinformation.com) Crispr-derived therapies are rushing to market. (ft.com) Venture capital Why it's not surprising that Adam Neumann got another shot from VCs.

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Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or asset

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The Big Picture

AUGUST 19, 2022

Yet another lovely open-air driver to enjoy during the summer months: The famed Mercedes-Benz 300SL Gullwing pioneered many new technical innovations, such as fuel injection and a tubular space frame. It may have been gorgeous, but it was an expensive coupe. Enter the 190SL. Built on a shortened sedan platform, it was powered by a carbureted 1.9-liter inline-four making 120 HP paired with a four-speed manual transmission.

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The Reformed Broker

AUGUST 16, 2022

Final Trades: Goldman Sachs, Paramount, CrowdStrike & 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

AUGUST 18, 2022

Markets Norway's giant sovereign wealth fund returned -14.4% in the first half of 2022. (pionline.com) The destruction of the EV space, illustrated. (ft.com) Are growth stocks finally cheap? (blog.validea.com) Apple Nearly three quarters of iPhone users have activated Apple Pay. (wsj.com) Why Apple's ($AAPL) advertising push shouldn't surprise any one.

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Medical Financial Advising Advertising Media 130

Nerd's Eye View

AUGUST 17, 2022

Registered Investment Advisers (RIAs) are generally required to enter into an advisory agreement with their clients prior to being hired for advisory services. And while there is no standard ‘template’ language applicable to all advisory agreements, there are a number of best practices that RIAs can follow in drafting and reviewing their agreements to ensure they can pass legal and regulatory muster.

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Clients Assets Financial Planning Management 171

The Big Picture

AUGUST 19, 2022

My end-of-week morning train WFH reads: • Holes in the Recession Story. With surging inflation and a new war in Europe, the first half of 2022 was understandably gloomy for economies and financial markets around the world. But recent developments offer some hope that the prevailing pessimism may no longer be as warranted as it was a few months ago. ( Project Syndicate ). • This Year, the Boss Is in the Office While Employees Hit the Beach : Managers hoping to coax workers back to the office are

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Calculated Risk

AUGUST 19, 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 Aug 13, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, but the pace slipped to 27% above one year ago.

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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

AUGUST 18, 2022

Business A look at the booming business of space. (notboring.co) Libraries do big business lending e-books. Publishers aren't happy about it. (newyorker.com) Food Is sustainable seafood an oxymoron? (bbc.com) Why do we throw so much food away? (thenewatlantis.com) Longreads The implosion of Three Arrows Capital was a key driver of the crypto crash. (nymag.com) U.S. intelligence had a hard time convincing Ukraine (and allies) that Russia would likely invade.

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Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or asset

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Clients Financial Advice Financial Planning Planning 166

The Big Picture

AUGUST 15, 2022

My back-to-work morning train WFH reads: • When is a Bear Market Over? Like many things in the market, there aren’t any hard and fast rules for this kind of thing, especially in real-time. Let’s look at the 2008 scenario as an example. The S&P 500 topped out in early October 2007 and bottomed in March 2009. On a price-only basis, the index didn’t reach those 2007 highs again until March 2013: ( Wealth of Common Sense ). • How Remote Work is Shifting Population Growth Across the U.S.

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