The Big Picture

JANUARY 7, 2023

This week, we speak with the legendary John Mack, former chief executive officer and chairman of the board at Morgan Stanley. He recently published a memoir of his life and 34-year tenure at Morgan Stanley, “ Up Close and All In: Life Lessons from a Wall Street Warrior.”. We discuss how he ended up on Wall Street because he needed a job when an injury ended his college football career and scholarship.

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The Reformed Broker

JANUARY 7, 2023

Happy New Year everyone! Great to be back in the saddle this week, working with our new president as we prepare for 2023 and beyond. We’ve got lots of projects and initiatives underway at Ritholtz Wealth, some of which you’ll be hearing about from me very soon. This week we went back to our regularly scheduled programming, with fresh episodes of all your favorite shows – What Are Your Thoughts, Animal Sp.

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The Big Picture

JANUARY 7, 2023

The weekend is here! Pour yourself a mug of Tolima Los Brasiles Peaberry coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How Not to Play the Game : Magic beans, Bahamian penthouses, old-fashioned fraud and other important SBF-inspired insights. A postscript to Bloomberg Businessweek’s The Crypto Story. ( Businessweek ). • 99 Good News Stories You Probably Didn’t Hear About in 2022 : The world didn’t fall apart this year.

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Calculated Risk

JANUARY 7, 2023

At the Calculated Risk Real Estate Newsletter this week: • 1st Look at Local Housing Markets in December Early reports suggest NAR reported sales could be lowest since 2010. • Rents Continue to Decline More than Seasonally Normal • Moody's: National Multifamily Supply and Demand at Lowest Levels since 2009 • Question #8 for 2023: How much will Residential investment change in 2023?

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Accounting

Advisor Perspectives

JANUARY 7, 2023

Pop Quiz! Without recourse to your text, your notes, or a Google search, what line item is the largest asset in Uncle Sam's financial accounts? A) U.S. Official Reserve Assets. B) Total Mortgages. C) Taxes Receivable. D) Student Loans.

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Advisor Perspectives

JANUARY 7, 2023

For borrowers banking on student debt forgiveness, 2022 started with hope and ended with uncertainty. This year is expected to provide some clarity.

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Banking 84

Abnormal Returns

JANUARY 7, 2023

Autos David Zipper, "As automakers design faster, bigger cars, they are squandering a chance to make EVs safer than their predecessors." (theatlantic.com) 2022 was a bad year for U.S. auto sales. (wsj.com) Mercedes-Benz announced that it is entering the DC fast-charging arena for EVs. (arstechnica.com) Automakers are hedging their bets with investments in eVTOLs.

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Advisor Perspectives

JANUARY 7, 2023

Tesla Inc. shares kicked off the new year on an ominous note, buckling this week under renewed concerns about weakening demand for its electric cars, and sending its market value briefly below Facebook parent Meta Platforms Inc.’s for the first time in over a year.

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Marketing Marketing 52

The Irrelevant Investor

JANUARY 7, 2023

Articles When society hits the jackpot, things become dangerous. (By Dror Poleg) Investing is hard because the risk-adjusted way to “win” is to index and chill while someone, somewhere, hits the lottery every single day (By Jack Raines) It was very easy to be a pessimist this year, surrounded by a sea of negativity in the economy and markets.

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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.

Banking

Advisor Perspectives

JANUARY 7, 2023

Chinese equities have been on a tear in the first week of 2023, and investors are gearing up for more gains with consumer-related stocks expected to spearhead the surge.

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Aleph

JANUARY 7, 2023

Picture Credit: Aleph Blog || I know this is late, but still, here it is… At September 30th, 2022, the S&P 500 was priced to return 4.14%/year over the next ten years. Given the rally since then, that return has shrunk to 3.20%/year. Does that sound attractive? It is lower than the yield on the 10-year T-note, and lower than current inflation (which is falling like a stone, don’t tell the geniuses at the FOMC).

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Media Management Marketing Marketing 59

Aleph

JANUARY 7, 2023

Picture Credit: David Merkel, with an assist from the YouImagine AI image generator || Even logos need a vacation every now and then Investing Hedge funds gave Discord, Stripe, SpaceX and other startups billions. A Bloomberg News analysis shows what they may be worth [link] Far better to write them down, so as to keep an air of honesty. Jan 07, 2023 Berkshire Hathaway Could Face a Big Tax Hit if the Bull Market Resumes [link] This is a proposal that I support: tax the change in unrealized capi

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