article thumbnail

MiB: Gretchen Morgenson on Private Equity

The Big Picture

A former stockbroker and alumna of the New York Times and Wall Street Journal, she won the Pulitzer Prize in 2002 for her “trenchant and incisive” reporting on finance. They also wrote the 2011 bestseller “ Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon ,” about the mortgage crisis.

Taxes 319
article thumbnail

10 Monday AM Reads

The Big Picture

It’s hard to completely dismiss this as a leading indicator and I’m not here to do that, but while most drawdowns of this magnitude have led to economic contractions, they haven’t always. Professor Jeremy Siegel of Wharton, and Jeremy Schwartz, Chief Investment Officer at the $75 billion Wisdom Tree Asset Management. Green ). •

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s Wrong With Macroeconomic Uncertainty Indexes

The Big Picture

It is a “monthly measure of how unpredictable overall economic conditions are 1 month, 3 months, and 1 year ahead.” But “uncertainty” as that word is commonly used on Wall Street 1 seems to be correlated with concerns about faltering economic conditions and/or rising market volatility. And I am okay with that.

article thumbnail

10 Friday AM Reads

The Big Picture

. • In the Battle With Robots, Human Workers Are Winning : As central bankers around the world are rushing to cool labor markets and tame inflation — a lot of policymakers are hoping that this week’s employment report shows declining demand for new workers — a few economic and technological truths have become evident. ( Only in Florida, man.

Insurance 161
article thumbnail

Four Hard Investing Lessons From 2022 With Silver Linings

Validea

Even with bear markets like 2000-2002 and 2008-2009, the portfolio had strong returns for a very long period. But investors may still want to consider layering in various other asset classes to help protect from this unexpected risk in the future. With future stock returns higher than they were at the start of the year and the U.S

Investing 128
article thumbnail

Anand Rathi Wealth Limited – Is It Riding the Wave of Growth?

Trade Brains

The Q3FY24 results displayed a positive outlook for the company with a 34% YoY increase in Total Revenue and 43% YoY in their assets under management (AUM). As of 2023, the industry boasts a staggering AUM (assets under management) of over Rs 39.4 of the Assets Under Management (AUM) originate from clients above Rs 50 Crores.

article thumbnail

Understanding Long Term Moves in Gold, What's Going On?

Mish Talk

In the period between 1999 and 2002, Gordon Brown, UK Chancellor of the Exchequer (roughly the equivalent of the US Secretary of Treasury), sold off 395 tons of gold, showing great faith in fiat currencies over gold. In March of 2009, the Fed suspended mark-to-market accounting of bank assets. The stock market took off and so did gold.

Banking 187