The Big Picture

APRIL 8, 2023

He tells his classes “ What makes for a good valuation is you’re either a disciplined storyteller or an imaginative number cruncher.” ” Damodaran wants the verbal half of the class to use the numbers intelligently, while the more mathematically inclined need to put those numbers into a narrative that is understandable.

Valuation 306

Valuation Insurance Numbers Portfolio Management 306

Abnormal Returns

SEPTEMBER 22, 2024

collabfund.com) No matter how you spin the numbers, day trading is a losing proposition. Top clicks this week on Abnormal Returns Ted Lamade, "Is increased complexity the path to better performance, or would investors be better off if they simply removed a few things?" morningstar.com) Paying for stuff is getting complicated.

Retail 304

Retail Numbers Assets Marketing 304

Abnormal Returns

MARCH 24, 2024

allstarcharts.com) It's hard to wrap your head around the numbers with Nvidia's ($NVDA) new chips. (theirrelevantinvestor.com) Why it's so hard to profit from a big trend, like AI. wsj.com) TIPS are one again outperforming. spyglass.org) AI is coming for every company you own. theirrelevantinvestor.com) Why has the EV market stalled out?

Commission 307

Commission Numbers Portfolio Marketing 307

Abnormal Returns

FEBRUARY 26, 2024

2023 numbers. axios.com) A growing number of unicorns haven't raised capital in over three years. (obliviousinvestor.com) Berkshire Hathaway A closer look at Berkshire Hathway's ($BRK.A) newsletter.rationalwalk.com) Some notes from Warren Buffett’s 2023 letter to shareholders.

Financial Advising 264

Financial Advising Startup Numbers Media 264

Abnormal Returns

MAY 12, 2024

ritholtz.com) The number of single-stock ETFs is growing. (morningstar.com) Charlie Munger was constantly learning and "unlearning." davisfunds.com) Stocks have stopped going up. sherwood.news) Don't take your investing advice from TikTok. wsj.com) Bill Ackman's 'anti-woke' campaign has paid off in one way.

Numbers 279

Numbers Investing Investments Marketing 279

The Big Picture

JUNE 2, 2023

Essentially, monthly Non-Farm Payrolls is the net difference between these two groups: The actual number is far smaller and less significant than gets played most publicly. The monthly number ( May 2023 = 339,000) is a tenth or so of the ~1.5% of the 159m total.

Numbers 312

Numbers Valuation Retirement Economics 312

The Big Picture

DECEMBER 8, 2023

That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. but most months, the specific number is more or less a rounding error. It was that 157.087 million people are employed full-time in the United States.1 This is not a popular opinion.

Numbers 264

Numbers Retirement Economy Accounting 264

Abnormal Returns

FEBRUARY 21, 2024

morningstar.com) People work in retirement for any number of reasons. wsj.com) An increasing number of retirees feel 'trapped' in their Medicare Advantage plans. (humbledollar.com) Christine Benz and Amy Arnott talk with Roger Young of T. Rowe Price about non-financial considerations in retirement.

Retirement 275

Retirement Retirement Planning Portfolio Management Financial Advisor 275

Nerd's Eye View

JANUARY 29, 2024

One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide.

Clients 246

Clients Planning Numbers Financial Advisor 246

The Big Picture

JUNE 9, 2024

Barry has written extensively about denominator blindness, i.e. throwing out a number without any context whatsoever. Well, the number is actually very close to the latter (1.470 million): So, 10k on 1.470 million is less than 1 percent — 0.68% to be exact. certain that the Journal got the number from BLS. But whatever.

Food 336

Food Math Numbers 336

Abnormal Returns

OCTOBER 4, 2023

ft.com) ETFs State Street Global ($STT) is expanding the number of ETFs that engage in securities lending. etf.com) The number of fixed income ETFs is on the rise. (awealthofcommonsense.com) Japan's stock market has some catalysts working in its favor. wsj.com) Why Treasury securities are different.

Financial Advising 265

Financial Advising Media Numbers Planning 265

Abnormal Returns

AUGUST 6, 2024

blogs.cfainstitute.org) How the number of firms in an industry affects idiosyncratic volatility. (wealthmanagement.com) How factor investors can hone in on after-tax returns. alphaarchitect.com) Historically small and large caps have reacted to interest rates the same way. papers.ssrn.com) A review of the empirical research on gold.

Retail 279

Retail Taxes Accounting Economics 279

Abnormal Returns

SEPTEMBER 8, 2023

awealthofcommonsense.com) Retailing Why retail workers are quitting in record numbers. wsj.com) A record number of apartments are under construction. (morningstar.com) What investors get wrong about the 'Yale Model.' capitalallocators.com) How much should a fund manager hold in their own strategy?

Financial Advising 279

Financial Advising Retail Numbers Media 279

Nerd's Eye View

OCTOBER 30, 2024

And given the sheer number and scope of potential conflicts that do exist in the advisory industry (where a wide range of providers seek to incentivize advisors to recommend their products and services to clients), there's a vanishingly small number of RIAs that don't have at least some form of actual or potential conflict to disclose.

Advertising 246

Advertising Commission Marketing Marketing 246

Abnormal Returns

JULY 26, 2024

theverge.com) The number of AI models just keeps growing. ourworldindata.org) A growing number of Americans say they do not plan to have children. (cnbc.com) When a company's stock price doesn't reflect its true value: the case of QXO. sherwood.news) AI Why Reddit ($RDDT) is cracking down on search engines. apnews.com)

Financial Advising 264

Financial Advising Engineering Economy Numbers 264

Nerd's Eye View

FEBRUARY 16, 2024

Which suggests that while advisors might be hesitant to publish their fees on their website before being able to meet face-to-face with prospects, doing so (and linking the fees to the value proposition they offer their ideal clients) could help certain consumers overcome their reluctance and start the process to becoming clients! Read More.

Financial Planner 246

Financial Planner Fee Only Compliance CFP 246

Nerd's Eye View

FEBRUARY 9, 2024

Also in industry news this week: A recent study finds that having a defined marketing strategy is a linchpin of marketing success, as advisors with a defined strategy were more likely to have seen an increase in inbound leads during the past 12 months and have more confidence in meeting their practice goals during the coming year than those without (..)

Financial Planner 246

Financial Planner Fee Only CFP Commission 246

Nerd's Eye View

FEBRUARY 23, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while both the total number of RIAs and advisor headcount have seen significant gains in recent years, client assets remain concentrated among the largest firms, according to data from Cerulli Associates, with the 7% of RIAs (..)

Financial Planner 246

Financial Planner Certification CFP Financial Advice 246

Abnormal Returns

JUNE 8, 2024

wsj.com) TSA numbers show continued strong travel demand. thecooldown.com) Dr. Pepper has passed Pepsi for number two on the U.S. newsletter.abnormalreturns.com) Mixed media The case for immersing yourself in a number of books on a topic at the same time. (wsj.com) How Paris achieved a 40% reduction in air pollution.

Financial Advising 265

Financial Advising Transportation Startup Numbers 265

Abnormal Returns

AUGUST 19, 2024

advisorperspectives.com) Advisers Creative Planning wants to meaningfully boost its number of wealth planning professionals. (sherwood.news) Long term care is expensive and hard to insure for. crr.bc.edu) Social Security has issues, but it's not going anywhere. investmentnews.com) What a dysfunctional client-advisor relationship looks like.

Financial Planning 278

Financial Planning Insurance Planning Numbers 278

The Big Picture

MARCH 13, 2024

And there’s a fair number of people who say 70%, two thirds of the stock market without any risk at all, market risk that is – sign me up for that. It’s a number that’s put out every Thursday for the previous week. That is, over the last 50 years, an extraordinarily low number. It’s a state program.

Numbers 288

Numbers Insurance Economy Marketing 288

Abnormal Returns

MAY 8, 2024

wsj.com) ETFs The number of single-stock ETFs is growing. Markets Earnings continue to be supportive of the bull market. carsongroup.com) Measures of corporate sentiment are ticking higher. wsj.com) Good performance need not equal AUM. etf.com) Sports business Sports betting companies are looking for new ways to get your money.

Financial Advising 279

Financial Advising Media Banking Economy 279

Abnormal Returns

OCTOBER 8, 2023

insights.finominal.com) Skip Michael Lewis' new book and instead read Zeke Faux's "Number Go Up." (axios.com) Defining what you will invest in, versus what you will not invest in, is important. awealthofcommonsense.com) How factors have performed YTD. latimes.com)

Numbers 291

Numbers Assets Investing Investments 291

Abnormal Returns

DECEMBER 3, 2023

wsj.com) Stock picking is difficult because it requires a number of different skills. (investmenttalk.co) Jason Zweig, "More than almost anyone I’ve ever known, Munger also possessed what philosophers call epistemic humility: a profound sense of how little anyone can know and how important it is to open and change your mind."

Numbers 305

Numbers Investments Investing Marketing 305

Nerd's Eye View

FEBRUARY 22, 2024

But how much do these numbers really matter for financial advisors driving the growth of their businesses? As a starting point, understanding which metrics are actually relevant to the business is crucial for advisors to discern the right path toward actively engaging an audience with their content. Read More.

Media 227

Media Numbers Clients Marketing 227

Nerd's Eye View

NOVEMBER 16, 2023

Growth in a firm implies an increase in revenue and/or profits accompanied by a proportional rise in the number of employees and other costs. For example, a firm might quadruple its revenue while also quadrupling the number of advisors and support staff it hires (and still have a growth in profits!). Read More.

Clients 246

Clients Numbers Communication Financial Planning 246

Abnormal Returns

SEPTEMBER 16, 2024

standarddeviationspod.com) Retirement Retirees go back to work for any number of reasons. (youtube.com) Daniel Crosby talks with Cady North, Founder and CEO of North Financial Advisor, about planning for a sabbatical. investmentnews.com) A checklist if a client gets laid off near retirement age.

Wealth Management 279

Wealth Management Startup CFP Retirement 279

Abnormal Returns

JUNE 18, 2024

economist.com) An increasing number of houses in Japan have been abandoned. (caia.org) Apple ($AAPL) is discontinuing Apple Pay Later. 9to5mac.com) Global Higher interest rates are not putting a lid on global home prices. asia.nikkei.com) Economy Industrial production rose smartly in May. calculatedriskblog.com) Consumption is weakening.

Financial Advising 299

Financial Advising Media Assets Economy 299

The Big Picture

SEPTEMBER 21, 2022

Consider : Questioning investors as to their risk tolerance does not typically result in an accurate description of their true tolerance for drawdowns and lower returns; instead, we get a number highly dependent upon the performance of equity markets over the prior three to six months.

Risk Tolerance 334

Risk Tolerance Budgeting Numbers Banking 334

Abnormal Returns

MAY 20, 2024

advisorperspectives.com) Advisers Job number one for advisers: reduce client stress. (investmentnews.com) There is a big gender disparity in old age when it comes to finances. journals.sagepub.com) What is a 'physician orders for life-sustaining treatment' and how does it differ from a DNR? etf.com) Clients need help managing an inheritance.

Financial Planner 279

Financial Planner Wealth Management Retirement Clients 279

Abnormal Returns

MAY 17, 2024

allstarcharts.com) Strategy Big round numbers don't matter unless you hold on. Markets Utility stocks are having a moment. barrons.com) Bonds seem to have bottomed. theirrelevantinvestor.com) There are two approaches to investing. mrzepczynski.blogspot.com) It's easy to forget the pain of volatility.

Financial Advising 265

Financial Advising Media Economy Numbers 265

Nerd's Eye View

NOVEMBER 29, 2024

Also in industry news this week: While many financial advisors are paying close attention to the potential extension of sunsetting measures within the Tax Cuts and Jobs Act (TCJA) in the coming year, legislation related to retirement savings could be on Congress' agenda as well Fidelity is planning to change the default for its existing RIA non-retirement (..)

Financial Planner 246

Financial Planner Financial Advice Retirement Financial Advisor 246

Abnormal Returns

SEPTEMBER 22, 2023

podcasts.apple.com) Zeke Faux Joshua Brown and Michael Batnick talk with Zeke Faux author of "Number Go Up: Inside Crypto's Wild Rise and Staggering Fall." youtube.com) Aaron Lammer, Max Linsky, and Evan Ratliff talk with Zeke Faux author of "Number Go Up: Inside Crypto's Wild Rise and Staggering Fall."

Financial Advice 263

Financial Advice Numbers Management Assets 263

The Big Picture

SEPTEMBER 27, 2024

Cutter has put-up impressive numbers since its 2022 launch, and now manages more than $500 million in institutional assets. The firm is a market- and factor-neutral, long/short hedge fund focused on health-care companies. Prior to launching Cutter, he focused on U.S. and European healthcare at Citadel and Millenium.

Healthcare 294

Healthcare Economy Numbers Assets 294

Nerd's Eye View

JANUARY 25, 2024

It also doesn't hurt that advicers can earn a good living, and can also build their practices in any number of ways that fit their personal preferences, needs, and goals!) It's no wonder, then, that the profession attracts individuals who are highly service-minded and enjoy helping others. (It

Financial Advice 246

Financial Advice Clients Financial Planning Numbers 246