Abnormal Returns
FEBRUARY 8, 2024
Books An excerpt from "Read Write Own: Building the Next Era of the Internet" by Chris Dixon. (tim.blog) A Q&A with Chris Dixon author of "Read Write Own: Building the Next Era of the Internet." (semafor.com) David Perell talks with Chris Dixon about writing "Read Write Own: Building the Next Era of the Internet." (open.spotify.com) Business How the FTC allows funeral homes to flout the rules.
The Big Picture
FEBRUARY 8, 2024
This week, we speak with David Einhorn. president of Greenlight Capital. He launched the value-oriented in 1996. Since inception, Greenlight has generated about 13% annually, and ~290o% total return versus the S&P500’s 1117% total and 9.5% annual returns. He famously shorted Allied Capital in the 2ooos and Lehman Brothers about a year before it collapsed into bankruptcy in 2008.
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Abnormal Returns
FEBRUARY 8, 2024
Yields At some point, cash will no longer be king. (barrons.com) Does Meta's ($META) dividend initiation imply a new trend? (economist.com) Alternatives KKR ($KKR) says they are making headway selling alts to mass affluent investors. (investmentnews.com) What does the research say about private equity performance? (morningstar.com) Companies Looking back at 20 years of Facebook.
Nerd's Eye View
FEBRUARY 8, 2024
When a new year comes around it is often customary to set new personal and professional goals. Yet, in the midst of the tradeoffs that come with balancing new goals and their required behaviors, the challenge of creating sensible targets with flexibility and grace can be confounded by the reality of living in a world where uncertainty abounds and complex life situations are difficult (and sometimes even impossible) to map out.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
A Wealth of Common Sense
FEBRUARY 8, 2024
A reader asks: Investing at all time highs is counterintuitive. Does it produce great returns because the market is forward-looking and investors are momentum investors? It doesn’t seem to make sense to buy just before a long severe bear market. I understand the worry here. All-time highs seem scary because every stock market crash in history started from one.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 8, 2024
Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increase in Q4 2023 A brief excerpt: From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 percent of all loans outstanding at the end of the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Wealth Management
FEBRUARY 8, 2024
Caplan Financial Group and Advisory Partners represent Miracle Mile’s first two transactions since taking on private equity partner Corsair Capital in late 2022.
Calculated Risk
FEBRUARY 8, 2024
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending February 3rd, 2024 • Active inventory increased, with for-sale homes 12.2% above year ago levels. For a 13th consecutive week, active listings registered above prior year level, which means that today’s home shoppers have more homes to choose from that aren’t already in the process of being sold.
The Irrelevant Investor
FEBRUARY 8, 2024
Today’s Compound and Friends is brought to you by Public: See here for more information on Publics recently launched option-trading capabilities On today’s show, we discuss: Credit card delinquencies surged in 2023, indicating ‘financial stress’ New York Fed says ‘A problem we’ll be working on for years’ Fed chair Jerome Powell says commercial real estate impact on banking has jus.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Advisor Perspectives
FEBRUARY 8, 2024
U.S. Stocks were positive in January as more Goldilocks economic data fueled investor optimism. U.S. gross domestic product (GDP) came at a +3.3% for Q4 2023, much stronger than the expected 2% gain.
Wealth Management
FEBRUARY 8, 2024
EncorEstate Plans has created a solution that allows the advisor to collaborate with the client throughout the estate planning process.
The Better Letter
FEBRUARY 8, 2024
Larry Walters had always wanted to fly. When he was old enough, he joined the Air Force, but he could not see well enough to become a pilot. After he returned from Vietnam and was discharged, he would often sit in his backyard, watching jets fly overhead, dreaming about flying, and scheming about how to get up into the air. On July 2, 1982, the San Pedro, California trucker finally acted on his dreams. 1 Larry conceived his “ act of American ingenuity ” while sitting outside in his &
Wealth Management
FEBRUARY 8, 2024
Myriad Advisor Solutions announces two initiatives to help clients navigate the digital landscape securely while optimizing their business legacies.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Calculated Risk
FEBRUARY 8, 2024
The DOL reported : In the week ending February 3, the advance figure for seasonally adjusted initial claims was 218,000 , a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 224,000 to 227,000. The 4-week moving average was 212,250, an increase of 3,750 from the previous week's revised average.
Wealth Management
FEBRUARY 8, 2024
Morgan Stanley wants permission to add an ETF share class to its existing mutual funds, joining a growing list of money managers who are looking to recreate the blueprint that’s still exclusive to Vanguard despite the May expiration of a patent that walled off copycats.
Advisor Perspectives
FEBRUARY 8, 2024
The labor force participation rate (LFPR) is a simple computation: You take the civilian labor force (people aged 16 and over employed or seeking employment) and divide it by the civilian non-institutional population (those 16 and over not in the military and or committed to an institution). As of January, the labor force participation rate is at 62.5%, unchanged from the previous month.
Wealth Management
FEBRUARY 8, 2024
T. Rowe is in the “early stages” of bringing a private credit fund, dubbed OCREDIT, that it started in October to wealth management clients.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Advisor Perspectives
FEBRUARY 8, 2024
In the week ending February 3, initial jobless claims were at a seasonally adjusted level of 218,000, a decrease of 9,000 from the previous week's revised figure. The latest reading is lower than the forecast of 221,000.
Wealth Management
FEBRUARY 8, 2024
The 10-member Variant Path Group in Charlotte, NC joins Rockefeller Global Family Office from Morgan Stanley,
Calculated Risk
FEBRUARY 8, 2024
From STR: U.S. hotel results for week ending 3 February U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. 28 January through 3 February 2024 (percentage change from comparable week in 2023): • Occupancy: 55.2% (-0.1%) • Average daily rate (ADR): US$147.99 (+1.9%) • Revenue per available room (RevPAR): US$81.69 (+1.7%) emphasis added The following graph shows the seasonal pattern
Wealth Management
FEBRUARY 8, 2024
Test your skills against those of student teams in questions from the Financial Planning Challenge.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Advisor Perspectives
FEBRUARY 8, 2024
Travel on all roads and streets increased in December. The 12-month moving average was up 1.0% month-over-month and was up 2.1% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) was up 0.9% MoM and up 0.9% YoY.
Wealth Management
FEBRUARY 8, 2024
Inside the college competition that gives students a taste of the challenges advisors face.
Advisor Perspectives
FEBRUARY 8, 2024
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
Wealth Management
FEBRUARY 8, 2024
Morningstar’s list provides a cautionary tale for advisors looking to invest clients’ assets.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
Advisor Perspectives
FEBRUARY 8, 2024
In an interview with 60 Minutes that aired Sunday, Federal Reserve Chair Jerome Powell was asked “To what degree does politics determine your timing” of when to reduce interest rates? Powell firmly replied that “We do not consider politics in our decisions. We never do. And we never will.
Wealth Management
FEBRUARY 8, 2024
The changes come as CEO Abigail Johnson approaches a decade running one of the world's largest money managers.
Trade Brains
FEBRUARY 8, 2024
Jupiter Wagons Limited : Railway stocks have seen a boom in the market over the past year. One of the main reasons could be the Union budget. In the push towards enhancing infrastructure, the Union Ministry of Railways has secured an allocation of ₹2.55 lakh crore for the financial year 2024-25. This marks a significant increase of 5.8% compared to the previous year’s allocation of ₹2.41 lakh crore.
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