Dear Mr. Market

APRIL 2, 2025

The last time this occurred was in 2008, and now, just like in the world of investing, we see heavyweights competing for supremacy. The real winners are the ones who are able to pick enough stocks in the right areas and maintain the proper asset allocation relative to their investment goals.

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Investments Investing Valuation Advertising 78

Brown Advisory

MAY 31, 2017

EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks achen Thu, 06/01/2017 - 02:47 Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. Take Europe, for instance.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. We maintain a model portfolio internally to track the results of our asset allocation stances. Thu, 06/01/2017 - 02:47.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Inside Information

JUNE 25, 2024

Yes, I was bothered by the fact that it took such a complicated psychological issue and rendered it into an overly-simplistic two-digit number—your ‘score,’ so to speak. I actually had a negative visceral reaction to the original Risklyze tool even before it hit the market, when I was invited to test it out myself outside the T3 exhibit hall.

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Risk Tolerance Financial Planning Portfolio Asset Allocation 40

Random Roger's Retirement Planning

SEPTEMBER 25, 2023

In the last few years or so there has been plenty of content positing that 4% is no longer safe, that 3% should be the number or even 2.5%. Here's a table of failure rates of various asset allocations and withdrawal percentages from an article at Return Stacked Portfolio Solutions.

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Asset Allocation Numbers Management Portfolio 40

James Hendries

JUNE 20, 2023

That’s not suggesting another 2008 is coming, but rather highlights how fast the economic environment can change. As such, we don’t think it will be long before official government numbers reflect the decrease in rent prices. A lot changed over the course of 2007 and 2008 as the economy fell into the Great Financial Crisis.

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James Hendries

DECEMBER 12, 2022

during the month, which was the best month for core bonds since December 2008. The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 It is expressed as a number of years.

Portfolio 52

Portfolio Taxes Asset Allocation Investing 52

The Big Picture

SEPTEMBER 19, 2023

00:12:53 [Speaker Changed] I think number one, the team, my team at Goldman and the, a broader team even and the team at Maryland are, are some of my favorite people. New York is number one. It depends on your asset allocation. And they took it out of their asset allocation in favor of other strategies.

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Assets Management Portfolio Investing 143

Truemind Capital

OCTOBER 22, 2021

However, this fiscal discipline was thrown out of the window in 2008 after the subprime crisis. – Compared to the money printing in 2008 which went to the banks, this time many Americans have also got money directly in their bank account. Having a 15-20% allocation in Gold could also help in times of hyperinflation.

Marketing 52

Marketing Marketing Banking Economics 52

Brown Advisory

DECEMBER 2, 2015

Set hard numbers. After the 2008-2009 financial crisis, many clients could use loss carry-forwards to reduce taxes against gains taken in subsequent years. By Taylor Graff, CFA, Asset Allocation Analyst. During times of market volatility, such long-term planning enables clients to shake off an impulse to sell.

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Taxes Clients Estate Planning Portfolio 52

Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. Looking back over the 30 years beginning in 1985, a number of factors contributed to the strong performance of equities. According to the report, annual inflation-adjusted U.S.

Investments 52

Investments Investing Portfolio Assets 52

Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. Looking back over the 30 years beginning in 1985, a number of factors contributed to the strong performance of equities. According to the report, annual inflation-adjusted U.S.

Investments 52

Investments Investing Portfolio Assets 52

Brown Advisory

AUGUST 1, 2018

equity market’s gain since early 2017 has been concentrated in a relatively small number of sectors and specific stocks. Risks in Bonds In attempting to reduce portfolio risk by shifting assets from equities to bonds, it’s important to recognize that bonds carry risks of their own. Concentration: Much of the U.S. Many non-U.S.

Management 52

Management Investments Investing Valuation 52

Brown Advisory

AUGUST 1, 2018

equity market’s gain since early 2017 has been concentrated in a relatively small number of sectors and specific stocks. In attempting to reduce portfolio risk by shifting assets from equities to bonds, it’s important to recognize that bonds carry risks of their own. Concentration: Much of the U.S. Risks in Bonds. Many non-U.S.

Management 52

Management Investments Investing Valuation 52

Investing Caffeine

APRIL 1, 2022

People forget that commodity prices approximately doubled after the 2008 Financial Crisis, only to experience a subsequent slow bleed over the next decade until prices were essentially chopped in half. Since the COVID-driven trough, prices have about tripled over the last two years, but that does not mean prices will fly to the moon forever.

Economy 59

Economy Economics Valuation Investing 59

James Hendries

AUGUST 15, 2022

is dragged down by 2008-2009 when the index tumbled 37%. We maintain our preference for equities over fixed income and cash in our recommended tactical asset allocation. The entirety of a recession—particularly a mild one—hasn’t historically been all that bad for stocks from start to finish. The average of 1.1% How can this be?

Marketing 52

Marketing Marketing Economy Valuation 52

Brown Advisory

APRIL 1, 2015

By keeping short-term interest rates at effectively zero since 2008, the Fed has prompted investors to reach for incremental returns by buying risk assets, including stocks, high-yielding or longer-dated bonds, real estate, private equity, etc. economy following the financial crisis. There is no obvious parallel today.

Investments 52

Investments Investing Valuation Assets 52

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. So I got to know banks a little bit.

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The Big Picture

JANUARY 21, 2025

Barry Ritholtz : The the funny thing is, the behavioral aspect of mutual funds seems to have been when people finally learn about a manager who’s put up great numbers, by the time it makes to make makes it to Forbes, hey, most of that run is probably over and a little mean reversion is about to kick in. I said, Jason’s wife.

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Investing Investments Management Retirement 143

Dear Mr. Market

MARCH 11, 2023

In other words, these investments (or “teams”) are ranked and seeded on a number of factors but one of the main drivers is how hot they recently performed within the past few months or recent year. With this exercise, however, we are able to build an intelligent portfolio that will have a number of “winners” along with some stinkers.

Investments 105

Investments Investing Portfolio Assets 105

The Big Picture

APRIL 4, 2023

And then I left there and joined a number of my colleagues from Drexel and launched a business that as it turns out, was pretty much a carbon copy of the business we have today. So a very different dynamic than we saw back in 2007, 2008, 2009. Ken was there at the beginning of the private credit markets when he was working at Drexel.

Banking 143

Banking Management Investing Investments 143

The Big Picture

AUGUST 20, 2024

The problem is that model, the wisdom of crowds actually requires everybody to have what’s called equal endowment or the same number of votes. And so that incentive where prices get pushed off, if I am the same size and I have the same number of votes as everybody else, I can guide the market back to that. Passive creates?

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Assets Management Portfolio Taxes 164

ClearMoney

FEBRUARY 22, 2022

This indicator had correctly foreshadowed major downturns in 1987 and 2008. The report examined the results of two types of funds7, each holding a mix of stocks and bonds: Balanced: Minimal change in allocation to stocks. Tactical Asset Allocation: Periodic shifts in allocation to stocks.

Asset Allocation 52

Asset Allocation Commission Portfolio Assets 52

James Hendries

JULY 6, 2022

But our belief is that this economic and profit environment is better than in the early 1990s, early 2000s, or 2008-2009 and therefore supports higher valuations. President Biden’s approval rating has continued to decline amid higher inflation numbers, with a near perfect inverse correlation to gas prices. IMPORTANT DISCLOSURES.

Marketing 52

Marketing Marketing Valuation Economy 52

Brown Advisory

NOVEMBER 14, 2017

Well, maybe not all eyes, but certainly a large number of investors are paying unusually close attention to the Fed as it begins to unwind its bond investments and thus reduce the size of its balance sheet. Big Balance Sheet By way of background, the Fed’s balance sheet has roughly quintupled since the financial crisis of 2008.

Investments 52

Investments Investing Assets Numbers 52

Brown Advisory

NOVEMBER 14, 2017

Well, maybe not all eyes, but certainly a large number of investors are paying unusually close attention to the Fed as it begins to unwind its bond investments and thus reduce the size of its balance sheet. By way of background, the Fed’s balance sheet has roughly quintupled since the financial crisis of 2008. Big Balance Sheet.

Investments 52

Investments Investing Assets Numbers 52

Trade Brains

JANUARY 20, 2024

The paradox of choice A rise in investors has given a push to increase the number of trading platforms and applications. QIP Meaning, Regulations, Advantages and More Top Trading Apps in India #5 – EDELWEISS The company started its stockbroking services in 2008 as is a full-service broker. According to the data 1.43

Accounting 59

Accounting Planning Startup Clients 59

The Big Picture

DECEMBER 20, 2022

Go back right after 2008, every bank made markets. You put a different number on the piece of paper, and that was the moment that I decided I wanted to start the firm. KOENIGSBERGER: What I really like is on top of these four return streams that we have, we kind of have a multi-asset, dynamic asset allocation process.

Banking 154

Banking Assets Government Marketing 154

The Big Picture

JUNE 13, 2023

RITHOLTZ: (LAUGHTER) CHABRAN: And find a reason why they would allocate there. So I think we’ve now entered a period where we have to swallow this whole mispriced, over-levered assets out there. So I’m actually very optimistic that all asset owners, asset allocators, the one can be nimble.

Banking 143

Banking Assets Investing Investments 143

The Better Letter

JANUARY 26, 2024

In late 2008, Dent published another book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History , moving into the “doom and gloom” business. who became a professor at the University of Michigan before setting up his own asset management firm. He missed this one, too.

Assets 105

Assets Valuation Marketing Marketing 105

The Big Picture

MARCH 12, 2024

So a lot of the headline names, you see a lot of the stories you see about, about the financial crisis, a significant number of, of those investors we were helping in security selection, modeling, and analytics. My family and I moved to McLean, Virginia in, in 2008. They’re asset allocation model driven folks.

Banking 143

Banking Marketing Marketing Investing 143

Random Roger's Retirement Planning

MARCH 27, 2025

There was carnage in 1994 and 1999, June/July 2003 left a mark, PPT fell 31% in 2008 and MIN fell 15% in 2022. The asset allocation, sort of. The fund charges 98 basis points per cefa.com but a Google search gives a lower number and I didn't see it on the BRW page. CEFS is an ETF of CEFs that Saba manages.

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Asset Allocation Assets Taxes Retail 52

The Big Picture

OCTOBER 6, 2024

Recall in 2007, the polls had a head-to-head featuring Rudy Giuliani and Hillary Clinton (neither became their party’s 2008 nominee). Highly dependent on precise phrasing of questions That’s just about basic market, economic, and asset allocation questions. November 2023 polls showed Biden vs Trump.

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Media Asset Allocation Numbers Economics 362

The Big Picture

NOVEMBER 25, 2024

Honest back testing, really looking at the numbers versus exaggerating returns and, and making up the claim that something’s live when it’s not. 12, 14 even that not a lot of numbers. And then what happened in, in 2008? 00:30:52 [Speaker Changed] You have four big problems that happen in 2008.

Portfolio 143

Portfolio Management Assets Marketing 143

The Big Picture

JUNE 20, 2023

That’s a shocking number. I think there’s a number we have in the book, maybe $70 million or something in fees to take care of. Or should this be kept out of private asset allocators’ hands? RITHOLTZ: Really, that’s a big number. They knew the numbers. The mortality rate is 10%.

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Insurance Healthcare Retail Medicine 143

The Big Picture

JANUARY 31, 2023

And in my career, I feel like the Canadian, they produce a large number of economists. I mean, when we had that first employment number that sort of knocked the lights on, everyone was kind of surprised because we were all keying off the initial claims data, right? It’s a giant number. DUTTA: — and he still is.

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Economics Economy Marketing Marketing 143