The Big Picture

MARCH 1, 2025

The ultrarich are growing in numbers, and changing wealth as we know it. ( New atomic clocks are more accurate than those used to define the second, suggesting the definition might need to change.( New atomic clocks are more accurate than those used to define the second, suggesting the definition might need to change.(

Math 162

Math Startup Engineering Economy 162

The Big Picture

OCTOBER 30, 2024

Meb Faber : Most common definition is total cash payout, meaning cash dividends plus net stock buybacks net being a very key word there. So it, it really captures a number of, of factors and characteristics. I don’t trust the numbers. So Meb, let’s start with the basics. How do you define what shareholder yield is?

Investing 147

Investing Investments Valuation Numbers 147

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Financial Planner 246

Financial Planner CFP Certification Retirement Planning 246

Abnormal Returns

JUNE 20, 2023

calculatedriskblog.com) A record number of multi-family homes are under construction. economist.com) There is no definition of a 'soft landing.' (nytimes.com) Shopping mall giant Westfield is walking away from its namesake shopping center in San Francisco. marketwatch.com) Housing Housing starts jumped in May.

Financial Advising 245

Financial Advising Financial Services Consulting Media 245

The Big Picture

SEPTEMBER 18, 2024

Brian Portnoy : So you’ve pointed accurately to a number of studies on this and maybe it’s 75,000 or 90,000 I’d also point out that a dollar spent in Manhattan NY versus Manhattan KS those are very different conversations.

Food 277

Food Numbers Risk Tolerance Financial Planning 277

Mish Talk

NOVEMBER 16, 2022

Definitions The Civilian Noninstitutional Population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g., I used seasonally-adjusted (SA) numbers where available, otherwise non-adjusted numbers (NSA). 20-24: -1.6 25-54: -0.3

Numbers 227

Numbers Retirement Economics 227

Nerd's Eye View

JUNE 9, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the House has passed legislation that would expand the definition of who qualifies as an accredited investor eligible to invest in certain private investments to include those who pass an exam designed by the (..)

Financial Planner 237

Financial Planner Financial Advisor License Retirement 237

The Big Picture

NOVEMBER 7, 2022

My back-to-work morning train WFH reads: • The state of the economy on Election Day, explained in 6 numbers : Rising prices have weighed heavily on the minds of voters who will soon determine the outcome of elections across the country. ( Not everyone can invest in the top quartile or decile of the best funds (by definition). (

Nonprofit 278

Nonprofit Asset Allocation Economy Economics 278

Nerd's Eye View

JUNE 3, 2024

This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian built from scratch and solely for advisors – which, while making it the clear #3 custodian behind (..)

Risk Tolerance 246

Risk Tolerance Communication Startup Financial Planning 246

Nerd's Eye View

FEBRUARY 19, 2024

those that offer both digital robo-advice and human touch) are growing faster than almost everyone else, with 24% of net new cashflows despite the low aggregate number of firms with this business model. Likewise, while CRM usage has slipped by about 5%, the overall number of advisors who use a CRM still remains at a dominant 92%.

Financial Advice 243

Financial Advice Consulting Engineering Financial Advisor 243

Nerd's Eye View

MAY 17, 2024

Also in industry news this week: The SEC this week announced a proposed rule that would require RIAs to collect and verify their clients' personal information in an effort to prevent illicit activity, though many firms likely are taking many of these steps already Why larger RIAs and those that have been acquired tend to have worse client and staff (..)

Financial Planner 236

Financial Planner Wealth Management Retirement Investment Planning 236

Calculated Risk

SEPTEMBER 16, 2022

We did see negative real GDP growth in Q1 and in Q2 - but that didn't mean the US economy was in a recession (and this has never been the definition of a US recession). I disagreed and noted I wasn't even on recession watch! For a discussion of recessions, see NBER's What is a recession? 2) Significant policy error.

Sales 363

Sales Economy Economics Investing 363

Nerd's Eye View

OCTOBER 31, 2023

In this episode, we talk in-depth about how Jon evolved his "high tech and high touch" mindset to serving clients by regularly iterating upon and updating his advisor tech stack while also elevating his long-time client service administrator into a more holistic client concierge (because the future isn't about tech or human service, it's tech and human (..)

Financial Advisor 246

Financial Advisor Estate Planning Clients Education 246

Nerd's Eye View

JANUARY 9, 2024

And be certain to listen to the end where Kimberly shares why she suggests all new advisors try out a lot of the industry's "Food Groups" before picking a path (as she notes that knowing and getting experience in the other paths in the financial advisor industry helped round out her own knowledge, and find the path that truly aligned to her own values (..)

Financial Advisor 246

Financial Advisor Financial Planner Clients Food 246

Abnormal Returns

JULY 22, 2022

By definition, they cannot be wrong – only better or worse than expected." wsj.com) USPS is upping the number of EVs on order. Markets Barry Ritholtz, "Earnings are what they are, the profits of corporate America. ritholtz.com) Why grifters use technological change to take advantage of investors.

Financial Advising 147

Financial Advising Media Economy Numbers 147

Calculated Risk

JANUARY 8, 2023

As of December, looking at the "dot plot" , the FOMC participants see the following number of rate hikes in 2023: 25 bp Rate Hikes FOMC Members 2023 No Change 0 One Rate Hike 0 Two Rate Hikes 2 Three Rate Hikes 10 Four Rate Hikes 5 Five Rate Hikes 2 Clearly the main view of the FOMC is three or even four rate hikes in 2023.

Economy 236

Economy Numbers Economics Sales 236

Abnormal Returns

MAY 30, 2023

Factors Joachim Klement, "The bottom line is that the academic definition of ‘growth investing’ isn’t really a proper growth investment style." morningstar.com) The number of companies that are big stock market wealth generators is shrinking over time. The rest of the index not so much.

Numbers 130

Numbers Investing Investments Management 130

The Big Picture

MAY 20, 2025

In addition, they’ve put up some really impressive numbers over the past 30 years, which has given them the opportunity to donate tens of millions of dollars to their favorite organizations. 00:02:52 [Speaker Changed] Well, the statistical side definitely comes from my degree and then work as a project manager at MIT.

Management 130

Management Numbers Transportation Accounting 130

Calculated Risk

MARCH 11, 2025

And on the Treasury front the Federal Reserve has reinvested some (but not all) of the Treasuries that have been maturing (which by definition are short duration) into intermediate and long maturities, with the amount reinvested determined by caps and targeted balance sheet levels. Here are a few excerpts from the January meeting minutes. (My

Assets 165

Assets Portfolio Accounting Marketing 165

The Big Picture

FEBRUARY 5, 2025

Anyone who puts up like really big numbers wildly outperforming the market sort of gets feted by the media, and then they sort of fade back into what they were doing. 2 and 20 has been the famous number for hedge funds for a long time. There definitely is some, some truth to that. Has nothing to do with 68%.

Taxes 147

Taxes Portfolio Management Investing 147

Nerd's Eye View

AUGUST 8, 2024

an advisor can have high margins and high growth, but it's extremely difficult to do so while also working a low number of hours). And while some firms strive to have all 3 of these features, the reality often comes down to "choosing 2" (e.g.,

Communication 130

Communication Financial Advisor Numbers Clients 130

The Big Picture

SEPTEMBER 30, 2022

My morning train WFH reads: • The Forbes 400 2022: The Definitive Ranking of The Wealthiest Americans : In 2022 The wealthiest people in the U.S. Sales Numbers Start Climb. are poorer than a year ago—and the cutoff to make the list fell for the first time since the Great Recession. Source: Car and Driver.

Banking 182

Banking Government Numbers Economics 182

A Wealth of Common Sense

JULY 18, 2023

There are many definitions of wealth. Still others believe there is a specific number followed by a few zeroes and some commas that define wealth. Some people equate wealth to your income level. Others assume having a lot of stuff must mean you’re wealthy.

Math 98

Math Numbers 98

The Big Picture

FEBRUARY 7, 2024

He co-hosts the Behind the Markets podcast with Wharton finance Professor Jeremy Siegel and has helped update and revise Siegel’s Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. They had great numbers, not great enough. Jeremy Schwartz : You know what?

Investing 296

Investing Investments Valuation Portfolio 296

The Big Picture

JANUARY 16, 2024

She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. And so I definitely learned a lot there. Definitely.

Assets 264

Assets Investing Investments Management 264

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? Melissa Smith : Definitely not. What was the original plan? Melissa Smith : For three years.

Banking 130

Banking Economy Startup Marketing 130

The Big Picture

DECEMBER 6, 2022

And definitely, their retail market participation is significantly lower than you can see in the U.S. But I think it’s definitely changing, Barry, because, you know, you see more and more fintech platforms and robo-advisors that in a way, are making accessing financial markets easier for more and more investors in in Spain.

Clients 162

Clients Investing Investments Management 162

Diamond Consultants

MAY 27, 2025

Here are three counterarguments to scale for advisors to consider: Big Can Feel Impersonal For advisors, working at a massive firm can sometimes feel like being just another number. The key is knowing what matters most to you and choosing a firm whose definition of success aligns with your own.

Wealth Management 52

Wealth Management Management Compliance Recruitment 52

The Big Picture

OCTOBER 9, 2024

He’s written numerous books on the subject, including Damodaran on Valuation, Narrative and Numbers, and the textbook Investment Valuation Tools and Techniques for Determining the Value of Any Asset. To me, the definition of an investor is you buy something for less than what it’s worth. Intrinsic value can change.

Valuation 325

Valuation Investing Investments Marketing 325

Random Roger's Retirement Planning

JUNE 3, 2025

A 20% weighting to IYW over the last ten years has had 29% upcapture versus the S&P 500 while a 30% weighting had a 41% upcapture so the fund definitely punches above its weight in terms of trying to barbell returns.

Portfolio 59

Portfolio Marketing Marketing Clients 59

MazumaBusinessAccounting

MAY 10, 2021

But whether you keep your own books or employ the services of a bookkeeper or accountant, understanding the numbers can help your small business just as much as it could help a large corporation. Search definitions for any words you don’t know, and jot down definitions in a notebook or sticky and put it with your financial paperwork.

Accounting 98

Accounting Budgeting Numbers 98

The Big Picture

MAY 27, 2025

So, so those numbers are astonishing. And there was a number that were actually in that business. You know, and, and, and so we expanded into a number of different other businesses. I’ll definitely check out 00:23:28 [Speaker Changed] Here in Manhattan. Welcome to Bloomberg. I hooked up with a group called OBO Pen.

Food 130

Food Numbers Investing Investments 130

The Big Picture

AUGUST 28, 2024

Well, they have been going that way for a while there’s already a couple 0 fee ETF out there they are from companies that aren’t as popular as a Schwab or a State Street so I think once you get below 5 basis points you get to this realm of like super dirt cheap where people don’t really care are you 3 or 4 are you two or three you (..)

Assets 173

Assets Numbers Investing Investments 173

Discipline Funds

JUNE 7, 2024

The household survey is also where we get the unemployment figure from since it captures the number of people leaving the workforce. What matters is the level of gains relative to other factors like the population change and number of people who are permanently out of work. The level doesn’t tell you the whole story.

Economy 104

Economy Numbers Economics Marketing 104

Cornerstone Financial Advisory

NOVEMBER 11, 2024

6,7 Stocks finished the week with a number of records: the S&P 500 crossed the 6,000 mark, and the Dow breached 44,000 for the first time on Friday. If you’re unsure what your “numbers” are, schedule a visit with your doctor to monitor them and understand why each is important. Economic news that showed a 2.2

Marketing 52

Marketing Marketing Taxes Economics 52

Clever Girl Finance

AUGUST 15, 2022

What is the definition of liquidity? In order for an investment to be a highly liquid investment, it must meet a number of factors: The asset must be in an established liquid market. The asset must maintain a large number of readily-available, interested buyers. For example, banks may restrict your number of monthly withdrawals.

Investments 105

Investments Investing Certification Accounting 105

The Big Picture

AUGUST 16, 2022

And if you’re able to do that in a diverse number of markets and asset classes, while managing risk in the markets that aren’t trending, you know, that’s in general how trend following works. Definitely. But then we also have value based quantitative models, and our traders are definitely looking at value.

Management 305

Management Assets Risk Management Marketing 305