The Better Letter

APRIL 6, 2023

According to Fidelity , the financial services firm that administers about $10 trillion in assets and has more than 40 million workplace participant accounts, the average 401(k) balance is only around $100,000 and the average Boomer balance (a demographic that is in or near retirement) is only around $200,000. points since 2008.

Retirement Planning 99

Retirement Planning Retirement Planning Nonprofit 99

Trade Brains

APRIL 30, 2023

Even those that are not listed create significant economic value and employment. At the time of his death in 2002, Reliance was already a conglomerate having its business in the Oil and Gas, Refining, petrochemical, Electricity, Telecom, and Financial services industries.

Management 52

Management Pharmaceutical Engineering Ethics 52

Brown Advisory

JUNE 24, 2019

That metaphor is particularly fitting for economic and credit cycles. Investors in corporate credit are generally looking at the same risks as equity investors, and during times of economic or company-specific stress, value tends to shift “up” the capital structure—i.e., away from a company’s equity and towards its debt obligations.

Investing 52

Investing Investments Valuation Portfolio 52

Brown Advisory

JUNE 24, 2019

That metaphor is particularly fitting for economic and credit cycles. Investors in corporate credit are generally looking at the same risks as equity investors, and during times of economic or company-specific stress, value tends to shift “up” the capital structure—i.e., away from a company’s equity and towards its debt obligations.

Investing 52

Investing Investments Valuation Portfolio 52

Brown Advisory

NOVEMBER 12, 2019

could fall victim to long-term economic stagnation, similar to the fate that befell Japan starting in the 1990s. Japan’s GDP had grown by an average of more than 5% per year from 1950 to 1989—a true post-War economic miracle. As important, however, is the contrast in how the two countries have dealt with financial or economic crises.

Investing 52

Investing Investments Assets Economics 52

Brown Advisory

NOVEMBER 12, 2019

could fall victim to long-term economic stagnation, similar to the fate that befell Japan starting in the 1990s. Investors who were active in the late 1980s will recall that asset prices in Japan reached extreme levels as money poured into the country from all over the world, propelled by extraordinary economic growth. was prevented.

Investing 52

Investing Investments Assets Economics 52

Carson Wealth

JUNE 12, 2023

Carson’s leading economic index indicates the economy is not in a recession. We found there were two times during the tech bubble that stocks gained 20% and again moved to new lows, and it also happened during the global financial crisis of 2007-2009. We’ve been in the bullish camp all year, expecting better times and returns.

Marketing 52

Marketing Marketing Economy Manufacturing 52

The Big Picture

JULY 11, 2023

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. We actually acquired in 2007 a local asset management.

Management 213

Management Investing Investments Assets 213

The Big Picture

SEPTEMBER 12, 2022

And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, 2007, I came over to Citi. I’m talking about diversified financial services.

Clients 286

Clients Wealth Management Investing Investments 286

Carson Wealth

MAY 22, 2023

Economic data continues to come in strong, including for retail sales and vehicle production. Housing starts and permits data are turning around as builders become more confident about the economic outlook. Housing may no longer be a drag on economic growth the rest of this year. The housing market is showing signs of recovery.

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

AUGUST 15, 2023

SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007. RITHOLTZ: 2007. So back in 2007. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. SEIDES: Yeah.

Management 130

Management Investing Investments Government 130

Brown Advisory

OCTOBER 18, 2019

unemployment is as low as it has been since 1969; because of this and other economic indicators, the Fed is increasingly concerned about slowing economic growth, and it has reversed course from raising interest rates in 2017 and 2018 to cutting them in 2019. One cannot invest directly in an index. Further, U.S.

Marketing 52

Marketing Marketing Valuation Numbers 52

Brown Advisory

OCTOBER 18, 2019

unemployment is as low as it has been since 1969; because of this and other economic indicators, the Fed is increasingly concerned about slowing economic growth, and it has reversed course from raising interest rates in 2017 and 2018 to cutting them in 2019. CBOE S&P 500 Implied Correlation Index, 1/1/2007-8/30/2019.

Marketing 52

Marketing Marketing Valuation Numbers 52

The Big Picture

OCTOBER 31, 2023

And so our initial thrust was what our first hedge fund called Bay Pond, which is a financial services hedge fund, started by Nick Adams back in 1994, which will, I guess be celebrating its 30th anniversary next year. There’s liquid alts and then there’s non-liquid alts, which would be mostly on the private side, right?

Management 152

Management Investing Investments Portfolio 152

Brown Advisory

JULY 1, 2016

Instead, we’re looking 10, 20 or 30 years ahead—a long enough horizon to smooth out short-term fluctuations resulting from variables such as economic cycles, changes in interest rates and geopolitical events. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

Investing 52

Investing Investments Portfolio Assets 52

Brown Advisory

JULY 1, 2016

Instead, we’re looking 10, 20 or 30 years ahead—a long enough horizon to smooth out short-term fluctuations resulting from variables such as economic cycles, changes in interest rates and geopolitical events. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

Investing 52

Investing Investments Portfolio Assets 52

The Big Picture

SEPTEMBER 5, 2023

And so the idea is that, what I’ve heard is like, hey, we’re going into a recession or a weak economic period so therefore everybody’s going to go into work four and a half days a week because they want face time with their boss. And you definitely have some industries or some companies that want five days a week right now.

Sales 130

Sales Numbers Taxes Marketing 130

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. You saw it in the financial services sector. In 2006, ’07, ’08, you saw the financial crisis. You see these things before they start to show up in the economic data.

Assets 152

Assets Investing Investments Valuation 152

The Big Picture

APRIL 11, 2023

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. And the second was, of course, the Warren Buffett story that came out the same week, where he essentially called people who post buybacks, you know, economically illiterate. DAMODARAN: — as an economic phenomenon.

Valuation 286

Valuation Education Government Numbers 286