The Big Picture

NOVEMBER 27, 2023

This weekend Jeff Sommer discussed a DFA research paper on market timing; both are well worth your time to read. The broad strokes are: Market timing is extremely difficult, very few people (if any) do it consistently well. Low Stakes : The most successful market timers are often those people who do not have actual assets at risk.

Marketing 304

Marketing Marketing Math Retirement Planning 304

Nerd's Eye View

OCTOBER 20, 2022

In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios.

Portfolio 246

Portfolio Clients Financial Planning Communication 246

The Big Picture

OCTOBER 22, 2022

This week, we speak with Marta Norton, Chief Investment Officer for Morningstar Investment Management (MIM ). Norton’s responsibilities include equity, alternative and fixed income research, asset allocation, and portfolio management. The Bond King: How One Man Made a Market, Built an Empire, and Lost It All by Mary Childs.

Management 230

Management Investing Investments Portfolio Management 230

Nerd's Eye View

MARCH 8, 2023

In the early days of investing, stocks were often evaluated in a vacuum: Investors assessed the plusses and minuses of each company’s stock based on its own merits, with little consideration of the relationship between one stock’s performance and that of the market as a whole.

Investing 242

Investing Investments Portfolio Economics 242

Nerd's Eye View

JANUARY 18, 2023

Many investors are familiar with private equity as an alternative asset class, which is popular with certain high-net-worth and institutional investors as a vehicle for diversification and a source of potentially higher risk-adjusted returns than what is available on the public market.

Assets 245

Assets Clients Portfolio Asset Allocation 245

Abnormal Returns

DECEMBER 1, 2023

joincolossus.com) Eric Golden talks the car market with Car Dealership Guy. ritholtz.com) Andrew Stotz talks with Larry Swedroe why a great company does not always make a great investment. open.spotify.com) Frazer Rice talks with Stephen Winterstein, founder of SP Winterstein and Associates, about the muni market.

Investing 264

Investing Investments Portfolio Management Management 264

Abnormal Returns

NOVEMBER 2, 2022

Strategy Investing is ultimately based on optimism. alephblog.com) Housing Higher land prices are holding back the housing market. abnormalreturns.com) Why rough edges remain in financial markets: people. fortunesandfrictions.com) Medical knowledge builds on itself. Financial knowledge not so much.

Portfolio 245

Portfolio Financial Advising Medical Retail 245

Abnormal Returns

JANUARY 20, 2023

Markets What a 'breakaway momentum thrust' means for investors. ritholtz.com) India's stock market held up well in 2022. wsj.com) Don't let your portfolio be driven by strategist forecasts. news.crunchbase.com) Crypto companies, like FTX, invested in a bunch of crypto startups. Those stakes are set to change hands.

Investing 246

Investing Investments Startup Financial Advising 246

Abnormal Returns

AUGUST 8, 2023

papers.ssrn.com) Global Why global equity market correlations are on the rise. morningstar.com) Behavior Another indication that political polarization is showing up in investor portfolios. alphaarchitect.com) Public pensions that have invested the most in alternatives have seen the worst performance. wsj.com)

Marketing 246

Marketing Marketing Medical Economics 246

Nerd's Eye View

JULY 3, 2024

Over the past few decades, technological advances and plummeting transaction costs have facilitated the emergence of a dizzying variety of ways to gain exposure to very specific areas of the market. in mind, there are 3 primary ways that advicers can use Quality ETFs in portfolios. size, industry, location) of early mutual funds.

Portfolio 189

Portfolio Clients Risk Tolerance Accounting 189

The Big Picture

JUNE 24, 2023

This week, we speak with Peter Borish, who is chairman and chief executive officer of Computer Trading Corporation, an investment and advisory firm. Borish was founding partner and right-hand man to Paul Tudor Jones at Tudor Investment Corporation , where he was director of research for 10 years.

Investing 217

Investing Investments Recruitment Math 217

Abnormal Returns

APRIL 14, 2024

(awealthofcommonsense.com) All-time highs shouldn't prevent you from investing in the stock market. radreads.co) 15 investing principles including 'I believe managing one’s behavior is more important than managing one’s investments.' morningstar.com) Bond returns are buoying the prospects for a 60/40 portfolio.

Media 306

Media Portfolio Management Investments 306

The Big Picture

MAY 8, 2024

APPLE EMBED At The Money: Concentrated Portfolios: Andrew Slimmon, Morgan Stanley (May 8, 2024) Are your expensive active mutual funds and ETFs actually active? AndrewToday, we discuss the advantages of concentrated portfolios. Concentrated portfolios are the opposite of bropad market indexes or funds and ETFs.

Portfolio 147

Portfolio Portfolio Management Management Numbers 147

The Big Picture

FEBRUARY 14, 2024

 At the Money: Is War Good for Markets? February 14, 2024) What does history tell us about how war impacts the stock market? Can these patterns inform us of future bull market behavior? To help us unpack all of this and what it means for your investments, let’s bring in Jeff Hirsch. Jeff Hirsch : Yeah. As vicious.

Marketing 317

Marketing Marketing Government Numbers 317

Abnormal Returns

FEBRUARY 18, 2024

abnormalreturns.com) There is no holy grail in investing. abnormalreturns.com) It may take time, but markets eventually work. apolloacademy.com) Do you really need a separate allocation to real estate in your portfolio? kindnessfp.com) Markets work: the case of lithium. axios.com) Why you should diversify internationally.

Retirement 294

Retirement Portfolio Investments Investing 294

Abnormal Returns

FEBRUARY 11, 2024

morningstar.com) Some classic investing lessons from Ed Thorp. moontower.substack.com) Some signs of internal weakness in the stock market. barrons.com) Valuations matter, but using them in your investment process is a challenge. blogs.cfainstitute.org) All-time stock market highs is not a bearish signal.

Valuation 284

Valuation Portfolio Investments Investing 284

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors. Read More.

Fee Only 246

Fee Only Portfolio Clients Planning 246

Nerd's Eye View

JULY 13, 2022

During market downturns, tax-loss harvesting is often considered a ‘silver lining’ to an otherwise undesirable situation. This is because when losses are harvested, the investor’s cost basis in their portfolio is reduced by the amount of the loss. of the initial benefit of harvesting the loss in the first place.

Taxes 245

Taxes Marketing Marketing Clients 245

Abnormal Returns

MARCH 5, 2024

Crypto A little Bitcoin goes a long way in a portfolio perspective. quantpedia.com) How to use factors to build a crypto portfolio. papers.ssrn.com) Equity funds haven't gotten a boost by investing in venture capital deals. papers.ssrn.com) Equity funds haven't gotten a boost by investing in venture capital deals.

Retail 277

Retail Portfolio Investments Investing 277

Nerd's Eye View

OCTOBER 15, 2024

Mark is the Chief Investment Officer of Noble Wealth Management, an RIA based in Greenwood Village, Colorado, that oversees $320 million in assets under management for 160 client households. My guest on today's podcast is Mark Asaro.

Retirement 130

Retirement Portfolio Management Investing 130

Abnormal Returns

FEBRUARY 28, 2024

Markets Some of the most speculative sectors are perking up. blockworks.co) Strategy Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." fortunesandfrictions.com) The rise of passive investing hasn't broken the markets.

Valuation 279

Valuation Financial Advising Startup Media 279

Abnormal Returns

JANUARY 28, 2024

Also on the site An example where investing out of spite doesn't work out. abnormalreturns.com) Top clicks this week Putting the past bear market into historical perspective. carsongroup.com) Lessons learned from the two-year bear market. carsongroup.com) Lessons learned from the two-year bear market.

Portfolio 290

Portfolio Investments Investing Marketing 290

Abnormal Returns

OCTOBER 29, 2023

Top clicks this week A big regime shift has happened in the economy and financial markets. ritholtz.com) The bond market bear market is pretty epic. mrzepczynski.blogspot.com) Byron Wien's 20 rules for investing and life. wired.com) Bond bear markets are different than stock bear markets.

Valuation 303

Valuation Economy Financial Market Portfolio 303

Abnormal Returns

JUNE 18, 2023

Top clicks this week Two reasons why the stock market has surged this year. thereformedbroker.com) Five common portfolio mistakes including 'portfolio sprawl.' bilello.blog) Focus on the role bonds play in your portfolio. morningstar.com) Investors have returned en masse to the previous bull market's winners.

Portfolio 277

Portfolio Investments Investing Marketing 277

Abnormal Returns

SEPTEMBER 19, 2023

(mrzepczynski.blogspot.com) How trend following can help diversify a portfolio. priceactionlab.com) ESG Green investing strategies should be lower risk. alphaarchitect.com) ESG leaders have been outperforming the market. sciencedaily.com) The marshmallow effect and investment performance.

Banking 290

Banking Portfolio Investments Investing 290

The Big Picture

JULY 3, 2024

At The Money: Changing Your Behavior For Better Investing (July 3, 2024) If you could change only one thing that would help your investing, what would it be? When it comes to investing, we are our own worst enemies. William Bernstein explains how to manage our emotions to avoid poor outcomes in markets. The answer.

Investing 162

Investing Investments Portfolio Assets 162

The Big Picture

SEPTEMBER 9, 2023

This week, we speak with Jon McAuliffe , who is co-founder and chief investment officer at the Voleon Group , heading the firm’s investment strategy, research, and development. We discuss his career in machine learning, from Amazon’s recommendation engine to using AI to manage portfolios.

Engineering 325

Engineering Management Portfolio Assets 325

Abnormal Returns

OCTOBER 10, 2023

AI AI investment models can't explain how they do what they do. morningstar.com) How to calculate the cost of borrowing through the options market. morningstar.com) How to calculate the cost of borrowing through the options market. libertystreeteconomics.newyorkfed.org) Portfolio managers Why portfolio managers get fired.

Portfolio Management 265

Portfolio Management Startup Portfolio Management 265

Abnormal Returns

FEBRUARY 4, 2024

downtownjoshbrown.com) Should you invest in stocks when they are at all-time highs? ft.com) What happens when you stop focusing on the stock market. allstarcharts.com) Four steps to build a no-fuss portfolio including eliminating redundant accounts. Never say it." wsj.com) How major asset classes performed in January 2024.

Financial Planning 300

Financial Planning Accounting Portfolio Assets 300

The Big Picture

JANUARY 3, 2024

At The Money: Contrarian Investing. January 3, 2024) Is contrarian investing a solid strategy, or a fool’s errand? Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management We discuss why it is so difficult to fight the crowd, and identify when the crowd is right and when they have gone mad.

Investing 195

Investing Investments Assets Numbers 195

Abnormal Returns

APRIL 16, 2024

Asset allocaiton Is regret a better measure to target for portfolio allocations? papers.ssrn.com) Research Is sector-neutrality a mistake in factor investing? wisdomtree.com) What happens to the stock market on days before holidays. blogs.cfainstitute.org) Why asset allocation is sensitive to goals and assumptions.

Asset Allocation 277

Asset Allocation Portfolio Management Portfolio Assets 277

The Big Picture

SEPTEMBER 28, 2022

Around the world, markets lost 5% or worse just last week. Year to date, the S&P 500 is down more than 23%; the Russell 2000 small caps are off more than 26%; Emerging markets are down almost 28%; and the Nasdaq Tech index is off more than 31%. Portfolio. None whatsoever. What is NOT in your control : 1. Asset Economy.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

Abnormal Returns

JULY 16, 2024

(mrzepczynski.blogspot.com) Comparing the correlation benefits of managed futures vs. market-neutral multi-factor investing. awealthofcommonsense.com) Research What role do commodities play in a portfolio? papers.ssrn.com) How views of the market differ between academics and normies. than in other markets.

Valuation 265

Valuation Management Portfolio Investments 265

Abnormal Returns

MARCH 4, 2024

Markets Has passive investing really broken the stock market? ft.com) Every market correction doesn't turn into a bear market. awealthofcommonsense.com) Finance Whatever you call it, clean energy investment is growing. Treasury market is set for some big changes. wsj.com) The U.S. wsj.com) The U.S.

Financial Advising 265

Financial Advising Media Economy Portfolio 265

Abnormal Returns

SEPTEMBER 15, 2024

(awealthofcommonsense.com) Few investors are able to outperform a passive portfolio. mrzepczynski.blogspot.com) Alphabet ($GOOGL) has never been this cheap relative to the market. sherwood.news) Joe Wiggins, "Any investment is only as good as our ability not to make bad choices while we own it."

Portfolio 299

Portfolio Management Investments Investing 299

The Big Picture

OCTOBER 10, 2022

Imagine the impact of markets losing a ~quarter of their value in one trading session. The 87 crash impacted many market-related elements. We can trace lots of today’s market structure to that event, and the changes it wrought subsequently. Overheated market : +42.5% for the first 3 quarters of the year; 2.

Insurance 360

Insurance Marketing Marketing Portfolio 360

Abnormal Returns

SEPTEMBER 26, 2023

Portfolio management Fund investors prefer managers who stick to their knitting. papers.ssrn.com) Why portfolio managers invest more research into short positions. papers.ssrn.com) Research The structure of the stock market has changed a lot over time, but the results are still largely the same.

Portfolio Management 259

Portfolio Management Portfolio Management Assets 259