The Big Picture

OCTOBER 19, 2023

I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. Diving deep down this rabbit hole, I pulled some interesting data from the Nieman Media lab at Harvard (via Bruce Melman ). We are what we eat, media diet included.

Media 351

Media Economy Economics Wealth Management 351

Abnormal Returns

NOVEMBER 19, 2024

behaviouralinvestment.com) Finance Portfolio trading is a growing force in credit markets. npr.org) Global Why Russian state media loves Tulsi Gabbard. abnormalreturns.com) Mixed media Bluesky numbers go up. bloodinthemachine.com) The sports media crowd hasn't abandoned X for Bluesky, yet. Markets The U.S.

Media 147

Media Numbers Portfolio Marketing 147

Abnormal Returns

FEBRUARY 14, 2025

citywire.com) This pension fund is adding Bitcoin to its portfolio. abnormalreturns.com) Mixed media Rural women are increasingly saying no to marriage. (paulkrugman.substack.com) Crypto The SEC could soon allow for in-kind redemptions for Bitcoin and Ethereum ETFs. sherwood.news) VC A slew of unicorns have become zombies.

Advertising 173

Advertising Government Manufacturing Media 173

Nerd's Eye View

MARCH 3, 2025

This month's edition kicks off with the news that Morningstar Office will be shutting down in early 2026 as a part of Morningstar's ongoing effort to refocus on its core investment data and analytics business – forcing advisors currently using the tool to switch (which might be a net positive for many of those advisors who have long complained (..)

Estate Planning 173

Estate Planning Portfolio Management Communication Planning 173

Alpha Architect

MAY 17, 2024

Social Media: The Value of Seeking Alpha’s Recommendations was originally published at Alpha Architect.

Media 129

Media Portfolio Marketing Marketing 129

Abnormal Returns

JANUARY 23, 2025

awealthofcommonsense.com) Why your portfolio may need rebalancing. abnormalreturns.com) Mixed media Unlimited vacation is a double-edge sword. Strategy Bonds vs. bond funds: you're still exposed to interest rate risk. morningstar.com) Just because you can launch a meme coin doesn't mean you should. Well, you should.

Media 173

Media Economy Portfolio Investments 173

Abnormal Returns

APRIL 14, 2024

Also on the site Some interesting developments in the financial media space. morningstar.com) Bond returns are buoying the prospects for a 60/40 portfolio. abnormalreturns.com) Top clicks this week These 15 stocks destroyed the most value in the past decade. morningstar.com) It's way too easy to mislead someone with charts.

Media 305

Media Portfolio Management Investments 305

Abnormal Returns

APRIL 30, 2024

Factor investing Portfolio construction matters when it comes to factor investing. entrylevel.topdowncharts.com) How social media has helped analysts improve their earnings estimates. entrylevel.topdowncharts.com) How social media has helped analysts improve their earnings estimates. rcmalternatives.com) What valuations miss.

Valuation 262

Valuation Media Portfolio Assets 262

A Wealth of Common Sense

NOVEMBER 9, 2023

A reader asks: Can you please explain why financial media personnel keep saying the 60/40 is dead but they are not saying target date funds are dead? Last year was one of the worst years ever for a 60/40 portfolio of U.S. stocks and bonds.

Portfolio 144

Portfolio Media Asset Allocation Assets 144

Abnormal Returns

AUGUST 13, 2024

blogs.cfainstitute.org) How VCs drive media coverage of their portfolio companies. Venture capital There is nothing normal about the distribution of angel investment returns. papers.ssrn.com) Research How long can stocks underperform inflation? ofdollarsanddata.com) Retail trading frenzies can have real world impacts.

Distribution 264

Distribution Retail Media Portfolio 264

Abnormal Returns

DECEMBER 11, 2023

(ft.com) Triple-levered anything can wreck your portfolio. ft.com) Financial media The financial media lapped up stories of "organized retail crime." newsletter.abnormalreturns.com) Mixed media A look at how higher interest rates have increased the cost of home ownership. Then check out our weekly e-mail newsletter.

Media 276

Media Financial Advising Retail Economy 276

Abnormal Returns

APRIL 12, 2024

Strategy Prospective bond returns are buoying the prospects for a 60/40 portfolio. abnormalreturns.com) Some interesting developments in the financial media space. newsletter.abnormalreturns.com) Mixed media The cost of attending some colleges will soon top $100,000 a year. Then check out our weekly e-mail newsletter.

Food 278

Food Financial Advising Media Economy 278

Abnormal Returns

JANUARY 5, 2025

axios.com) Strategy Don't let dividends take the wheel of your portfolio. abnormalreturns.com) Mixed media You have enough streaming subscriptions. Markets The 2020s has seen nothing but big market moves. awealthofcommonsense.com) 30-year mortgage rates are at a six-month high. downtownjoshbrown.com) Or your expectations for the Fed.

Consulting 147

Consulting Media Economy Economics 147

Abnormal Returns

JUNE 11, 2024

allocatesmartly.com) Alternatives How to think about crypto's role in a portfolio. papers.ssrn.com) Volume matters for portfolio implementation. papers.ssrn.com) A review of the research on the impact of social media on finance. (caia.org) Comparing the diversification benefits of bonds vs. trend following.

Media 263

Media Portfolio Accounting Economy 263

Abnormal Returns

FEBRUARY 28, 2024

(blockworks.co) Strategy Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." behaviouralinvestment.com) Why the 60/40 portfolio isn't going anywhere. slate.com) How did Vice Media go bust? wsj.com) Oishii just raised a big new round of capital.

Valuation 278

Valuation Financial Advising Startup Media 278

Abnormal Returns

NOVEMBER 15, 2024

(awealthofcommonsense.com) Earlier on Abnormal Returns Podcast links: resilient portfolios. newsletter.abnormalreturns.com) Mixed media Not The Onion: The Onion has purchased Alex Jones' Infowars out of bankruptcy. abnormalreturns.com) What you missed in our Thursday linkfest. abnormalreturns.com) Longform links: slow demand growth.

Financial Advising 147

Financial Advising Food Valuation Media 147

Abnormal Returns

FEBRUARY 27, 2025

newsletter.rationalwalk.com) Berkshire's portfolio highlights the impact of a few key positive outliers. abnormalreturns.com) Mixed media Many universities are putting a pause on grad school admissions. (awealthofcommonsense.com) Would you invest in Norway's sovereign wealth fund if you could? 2024 results. Well, you should.

Startup 147

Startup Media Economy Portfolio 147

Abnormal Returns

OCTOBER 26, 2023

bestinterest.blog) 60/40 portfolios Where the valuation of the 60/40 portfolio stands. morningstar.com) Why the 60/40 portfolio endures. newsletter.abnormalreturns.com) Mixed media We can never solve the problem of inequality, but we can make it the baseline for everyone higher.

Financial Advising 278

Financial Advising Valuation Portfolio Economy 278

The Big Picture

SEPTEMBER 28, 2022

What is in your control : Your Portfolio : You want to create something robust enough to withstand drawdowns and recessions; not necessarily the best possible set of assets but the ones you can live with day in and day out. Portfolio. Media Consumption. The Cult of Fed Haters? Volatility. Interest Rates. Elections. Rebalancing.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

Abnormal Returns

JULY 17, 2024

Strategy Rebalance your portfolio to tame risk, not to increase returns. newsletter.abnormalreturns.com) Mixed media Even the most successful online creators feel pinched. morningstar.com) It's never been easier to get distracted by other people's wealth. wsj.com) How Charles Schwab ($SCHW) is changing its banking business.

Financial Advising 275

Financial Advising Media Banking Economy 275

Nerd's Eye View

MAY 17, 2024

Altogether, the study suggests that social media engagement is driven more by the quality (and originality) of the advisor's content, rather than the quantity of posts.

Financial Planner 238

Financial Planner Wealth Management Retirement Investment Planning 238

Abnormal Returns

NOVEMBER 17, 2023

alphaarchitect.com) Stock market skew makes portfolio concentration dangerous. newsletter.abnormalreturns.com) Mixed media Three insights from Morgan Housel's "Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life." newyorker.com) Mixed media People have stopped checking their mailboxes.

Financial Advising 277

Financial Advising Startup Media Communication 277

Abnormal Returns

MARCH 18, 2025

abnormalreturns.com) Adviser links: durable portfolios. abnormalreturns.com) Mixed media Why people don't change their minds. (abnormalreturns.com) What you missed in our Monday linkfest. abnormalreturns.com) You can now follow us on Bluesky. bsky.app) Are you signed up for daily e-mail newsletter? Well, you should be.

Media 147

Media Economy Numbers Management 147

Abnormal Returns

NOVEMBER 7, 2023

Retail Does social media use increase stock market participation? simplify.us) How to make risk parity portfolio perform better. papers.ssrn.com) Why do individual investors converge on the same stocks? papers.ssrn.com) Companies What is organizational capital and how does it affect returns? papers.ssrn.com)

Retail 263

Retail Media Numbers Portfolio 263

Abnormal Returns

JULY 23, 2024

blockworks.co) What happens when you at Ethererum to a 60/40 portfolio. newsletter.abnormalreturns.com) Mixed media Twitter is now the playground for Musk's skewed sense of the world. (behaviouralinvestment.com) Crypto What you need to know about the new spot Ethereum ETFs. Then check out our weekly e-mail newsletter. spyglass.org)

Financial Advising 278

Financial Advising Retail Media Economy 278

Abnormal Returns

OCTOBER 12, 2022

allstarcharts.com) The all-weather portfolio has not fared well in 2022. newsletter.abnormalreturns.com) Mixed media Streaming services are jockeying to re-bundle their services. wsj.com) Americans are in no mood to cut back on media subscriptions. Strategy Sometimes your best trade is a loss. thehustle.co).

Financial Advising 236

Financial Advising Startup Media Economy 236

Abnormal Returns

DECEMBER 13, 2023

Strategy There's a good chance you need to rebalance your portfolio. newsletter.abnormalreturns.com) Mixed media Some companies are giving laid off workers more notice. morningstar.com) Bonds outperform bills leading up to a Fed rate cut. carsongroup.com) Apple What's going on with Apple's ($AAPL) Vision Pro?

Assets 278

Assets Financial Advising Media Economy 278

Abnormal Returns

OCTOBER 22, 2024

awealthofcommonsense.com) On the importance of portfolio rebalancing. newsletter.abnormalreturns.com) Mixed media Academics have pulled back from using Twitter, post-Elon. Strategy Why we diversify. thefinancialbodyguard.com) Pessimists persist because we forget their poor predictions. theblock.co) Why the identify of Satoshi matters.

Financial Advising 277

Financial Advising Startup Media Portfolio 277

Abnormal Returns

JULY 14, 2024

awealthofcommonsense.com) Seven reasons you may want to venture away from the market portfolio. newsletter.abnormalreturns.com) Mixed media There is a big difference between giving up and quitting. Strategy The stock market has changed so much over the past 50 years. Human behavior hasn't. Then check out our weekly e-mail newsletter.

Financial Advising 262

Financial Advising Economics Media Government 262

Abnormal Returns

APRIL 20, 2023

60/40 portfolio What is the motivation of people telling you the 60/40 portfolio doesn't work? theblock.co) Media Buzzfeed News is shutting down. newsletter.abnormalreturns.com) Mixed media What story are customers telling about your product? disciplinefunds.com) Strategy Don't use inflation as an excuse not to invest.

Financial Advising 246

Financial Advising Startup Media Portfolio 246

Abnormal Returns

NOVEMBER 10, 2023

Strategy The 40 of the 60/40 portfolio is finally earning people something. newsletter.abnormalreturns.com) Mixed media How did concert ticket prices get so high, so fast? awealthofcommonsense.com) There's still no sign of a turn in the trend favoring U.S. vs. international equities. allstarcharts.com) The case for bonds.

Financial Advising 278

Financial Advising Manufacturing Media Portfolio 278

Abnormal Returns

MARCH 25, 2024

finance.yahoo.com) Which bonds prove as the best portfolio diversifier? newsletter.abnormalreturns.com) Mixed media A review of "Milton Friedman: The Last Conservative" by Jennifer Burns. (wsj.com) The yield curve has been inverted for a record amount of time. morningstar.com) AI Don't let AI mumbo jumbo from a fund manager fool you.

Financial Advising 270

Financial Advising Media Portfolio Management 270

Abnormal Returns

JANUARY 9, 2025

albertbridgecapital.com) Finance The stock market is getting more concentrated, and so are actively managed portfolios. abnormalreturns.com) Mixed media Cooking dinner for your family is a series of tradeoffs. (theirrelevantinvestor.com) What explains the big divergence between the U.S. and European stock market returns?

Media 162

Media Economy Portfolio Management 162

Abnormal Returns

OCTOBER 16, 2022

60/40 portfolios The 60/40 portfolio is having its worse returns in a century. marketwatch.com) Why investors should pay more attention the 40 in a 60/40 portfolio. ritholtz.com) Why you shouldn't make big changes to your portfolio based on economics. rogersplanning.blogspot.com) Strategy How market bottoms are made.

Financial Advising 242

Financial Advising Portfolio Valuation Economy 242

Abnormal Returns

SEPTEMBER 12, 2024

etf.com) Blackrock ($BLK) is teaming with Partners Group ($PGHN) to build model portfolios with private assets. newsletter.abnormalreturns.com) Mixed media A look at how much NBA franchise values have risen. wsj.com) Economy Hiring has slowed. nytimes.com) 25 or 50? Probably 25. Then check out our weekly e-mail newsletter.

Financial Advising 278

Financial Advising Startup Manufacturing Media 278

Abnormal Returns

JUNE 11, 2024

thinkadvisor.com) What really is the goal of portfolio diversification? newsletter.abnormalreturns.com) Mixed media A newsletter writer isn't your friend. Diversification We are in a 'bear market for diversification.' rogersplanning.blogspot.com) Books Insights from "The Price of Time: The Real Story of Interest" by Edward Chancellor.

Financial Advising 266

Financial Advising Retail Healthcare Economy 266

Abnormal Returns

JUNE 15, 2023

Strategy Five common portfolio mistakes including 'portfolio sprawl.' newsletter.abnormalreturns.com) Mixed media Remember the creator economy? morningstar.com) What do sell-side analysts actually do? capitalgains.thediff.co) Companies Why Shopify ($SHOP) decided to out of the logistics business. Many VCs wish they could forget.

Financial Advising 244

Financial Advising Startup Valuation Economy 244