The Irrelevant Investor
APRIL 30, 2019
This morning Nick Maggiulli published a post about the importance of checking your work. He said, "becoming a purveyor of signal in a world drowned by noise is the ultimate reputational asset." If people can't trust that your numbers are right, or that your information is accurate, you're finished. People will forgive a typo here, or a miscalculation there, but too many of them, and they're gone forever.
Brown Advisory
APRIL 1, 2019
Zucked: Waking Up to the Facebook Catastrophe. ajackson. Mon, 04/01/2019 - 05:30. Speaker: Roger McNamee, Author, Zucked: Waking Up to the Facebook Catastrophe; Managing Director, Elevation Partners. Moderator: Brett Gibson, Managing Partner, NextGen Venture Partners. Read the conference recap here.
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The Irrelevant Investor
APRIL 30, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) On this week's Animal Spirits, we discuss: Millennials and money survey Netflix at risk (survey) Avengers made a lot of money Uber lost a lot of money Ralph Macchio and Bill Simmons Follow us on Instagram Listen here Recommendations Trade-Off America's Bank The Opposite of Spoiled Charts Tweets [link] [link] The post Animal Spirits: Remember G-Chat?
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The Irrelevant Investor
APRIL 27, 2019
It's Friday December 21, and the S&P 500 had just finished lower than its open for the tenth straight day. The index was 17.54% off its closing highs, and we already lost our generals: Apple and Amazon were each down more than 30%, Netflix and Facebook were each down more than 40%. It felt like only a matter of time before we lost the soldiers. Ben and I talk a lot on the phone, and every day that week I told him that rallies weren't holding.
The Irrelevant Investor
APRIL 27, 2019
Articles It's easy to come up with a story for how you earned your wealth after you earned it By Nick Maggiulli I offer up some of the things that I could have done a better job with in my financial life By Christine Benz Advantage is only an advantage if others don’t have the same advantage. By Drew Dickson People show up at 4 am to wait in line with thousands of other people to tell each other about their lifelong commitment to not following the crowd.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
APRIL 23, 2019
Ted Seides recently sat down with David Zorub to chat about all things investing. One of the things David said really resonated with me: At some point as you go through your career you'll outgrow your mentors and that's okay. You have to seek new ones. This is a fantastic observation. There's nothing wrong with learning from Buffett and Munger and Marks, but at some point you have to move out of that cozy, warm sleeping bag.
The Irrelevant Investor
APRIL 22, 2019
It was a good run. In the five years leading up to the worst week ever, the NASDAQ Composite gained 445%, compounding at 40% a year. For some stocks it was even better. Cisco, Qualcomm and others made the index look like a snail. But then, in just one week, it all came crashing down. The daily returns for the NASDAQ Composite for the week ending in April 14th, 2000 were as follows: Monday -5.8% Tuesday -3.2% Wednesday -7.1% Thursday -2.5% Friday -9.7% In just five days, the index shed a quarter
The Irrelevant Investor
APRIL 21, 2019
In 1999, a young person asked Warren Buffett: I was wondering, since the stock market's so high right now, if it would be smart for us to get involved now or to wait until it goes down a little. Here are some of the things he said. First save money. Then worry about which stocks to pick. There is no substitute for experience. Buffett tells a story about the first stock he bought when he was eleven years old.
The Irrelevant Investor
APRIL 20, 2019
Articles Investing is one of the only venues that offer daily opportunities for extreme rewards By Morgan Housel The assets under management for the U.S. taxable bond mutual fund and ETF universe have gone from about $380 billion in 1993 to roughly $3.8 trillion today By Michael Mauboussin They only work when we do not know in the least who or what they are By Rusty Guinn Don’t try to win.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The Irrelevant Investor
APRIL 19, 2019
William Bernstein is one of the people I admire most in this industry. He is a true renaissance man, having been a neurologist, financial theorist, money manager, and non-fiction author. If you've never read any of his books, I cannot recommend them highly enough. You can check them out here. Bernstein was on Master's in Business this weekend with Barry and during their conversation about money, he just absolutely nailed: If you put $100 into stocks and save it for 70 years, you're going to have
The Irrelevant Investor
APRIL 18, 2019
Apple has added $286 billion in market capitalization over the past 73 trading sessions. That's $10 million every minute. There are only 11 companies in the United States with a higher valuation than what Apple managed to tack on since January 3rd. The biggest stock in the world gained 43% in under four months. How does something like this happen? This question is a Rorschach test of sorts; Some people will see this and scoff at the idea that markets are efficient.
The Irrelevant Investor
APRIL 17, 2019
We've been doing videos for exactly a year now. It took a while for us to hit our stride, but I think we're getting the hang of this. The first few videos, like the first few of anything, were pretty rough. But we kept going, and little by little the quality improved to where I feel pretty good about where we are and where we're going with this thing.
The Irrelevant Investor
APRIL 16, 2019
Michael Jordan drafted Kwame Brown with the first overall pick in the 2001 NBA draft. Brown was one of the biggest busts in league history, and two seasons later, after a 74-90 cumulative record, Jordan was fired as president of basketball operations. In 2006, Jordan bought a minority stake in the Charlotte Bobcats, becoming the second largest shareholder.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The Irrelevant Investor
APRIL 16, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed High yielding stocks Money made by chance Ray Dalio thinks capitalism is broken Sometimes your friends beat you College grads selling a piece of themselves How do financial advisors spend their time? Retail pain Amazon's letter to shareholders Is voice the future?
The Irrelevant Investor
APRIL 13, 2019
Last week I went on Trading Nation to talk with the Mike Santoli last. A lot of the discussion centered around this post I wrote last week. Check it out. The post How to Avoid Some Big Mistakes appeared first on The Irrelevant Investor.
The Irrelevant Investor
APRIL 13, 2019
Adam Smith absolutely nailed it when he said “Statistics provided rather bloodless answers.” What you see in a spreadsheet is mostly b t because life doesn't adhere to formulas. Allow me to share a quick personal story. It was January 24th and I still hadn't sold my apartment. I was feeling the heat because I was supposed to be closing on my house on March 15th.
The Irrelevant Investor
APRIL 13, 2019
Articles The hardest part of studying history is that you know how the story ends, often before you begin researching a topic By Morgan Housel The best way to avoid errors in the future is to have made most of the major types of errors in the past. By Patrick O'Shaughnessy If you’re interested in something today, there’s nothing stopping you from learning about it tomorrow.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
The Irrelevant Investor
APRIL 11, 2019
If you've ever been at a blackjack table, you know that it's nice to win $100, but it really sucks to lose it. Investors are no different than gamblers in that they ascribe different values to an equivalent gain or loss. The bad news is that we're all pre-programmed with loss aversion. The good news is that we can decide, to a certain extent, how often we choose to see losses.
The Irrelevant Investor
APRIL 7, 2019
The Board of Governors of the Federal Reserve System publishes an annual report on the well being of U.S. households. I pulled some of the most important charts. The typical amount of education debt in 2017 was between $20,000 and $25,000, putting monthly payments between $200 and $300 per month. If you're making $50,000, this means 13-20% of your paycheck is going to service your loans.
The Irrelevant Investor
APRIL 6, 2019
Articles The most important lesson I have ever learned By Nick Maggiulli Volatility is almost always a fee, not a fine By Morgan Housel A blogger is only as good as their audience By Ben Carlson Zero is a psychological barrier, not a real one By Jeff Sommer Of the 268 ETFs begun in 2018, 81% didn’t reach $50 million by year end. By Crystal Kim Podcasts The center for advanced hindsight With Ted Seides and Dan Ariely If a book is any good, it has the capacity to be misunderstood With Barry Rithol
The Irrelevant Investor
APRIL 5, 2019
Last week I was on a panel in front of a room full of college students. A few of them have since reached out to me asking for tips on how to get into the financial industry. Unfortunately, I'm not the best person to give this sort of advice because I experienced a lot of trouble when I was in their shoes. I'm very lucky that things worked out for me because if it wasn't for a chance encounter , I might never have gotten my foot in the door.
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The Irrelevant Investor
APRIL 2, 2019
Albert Edwards is famous in the financial world for being negative, to put it mildly, on anything and everything related to the future prospects of the world. By his own admission, he's been bearish for 23 years. Edwards recently shared the following chart which he claims vindicates his bearish take on global stocks even as they rose 300% (U.S. stocks did 450% over this time).
The Irrelevant Investor
APRIL 1, 2019
How is the market doing? This question is answered every day by countless media outlets: "In financial markets, the Dow gained 65 points today while the S&P 500 rose 0.13% and the NASDAQ tacked on 0.25%." This generic language has accompanied each of the 302 trading days since January 17, 2018. Since that time, these absolute daily changes add up to over 58,000 Dow points.
Brown Advisory
APRIL 1, 2019
Creating Sustainable Business Advantages. ajackson. Mon, 04/01/2019 - 06:00. Speakers: Karen Quintos, Chief Customer Officer, Dell Technologies. Moderator: Karina Funk, CFA, Head of Sustainable Investing, Brown Advisory. Read the conference recap here.
Brown Advisory
APRIL 1, 2019
Future of Mobility. ajackson. Mon, 04/01/2019 - 07:31. Speakers: Joe Deshotel, Manager of Government Relations and Community Affairs, Austin and San Antonio, Lime; Blanca LaBorde, Senior Manager of Government Relations, Bird; Jennifer Lee Krusius, Venture Partner, Columbia Capital. Moderator: Jacob Hodes, Head of Private Equity, Brown Advisory. Read the conference recap here.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Brown Advisory
APRIL 1, 2019
Curating Community: An Investment Thesis. ajackson. Mon, 04/01/2019 - 08:34. Speakers: Matt Alexander, Co-Founder and CEO, Neighborhood Goods; Gesche Haas, Founder and CEO, Dreamers // Doers. Moderator: Alyssa Gill, Community Manager, NextGen Venture Partners. Read the conference recap here.
Brown Advisory
APRIL 1, 2019
Opportunity Zones: Spurring Economic Growth. ajackson. Mon, 04/01/2019 - 09:00. Speakers: Amy Bell, Senior Director, Tideline; John Lettieri, President and CEO, Economic Innovation Group; David Robinson, Co-Founder, Admiral Capital Group and NBA Hall of Famer. Moderator: Elise Liberto, CAIA, Private Equity Analyst, Brown Advisory. Read the conference recap here.
Brown Advisory
APRIL 1, 2019
What If Health Care Worked? ajackson. Mon, 04/01/2019 - 09:32. Speakers: Elizabeth Teisberg, Ph.D., Executive Director, Value Institute for Health & Care, Dell Medical School, University of Texas at Austin. Read the conference recap here.
Brown Advisory
APRIL 1, 2019
Leading a Global Business in Today's Complex Landscape. ajackson. Mon, 04/01/2019 - 09:33. Speaker: Rick Clemmer, CEO, NXP Semiconductors N.V. Moderator: Ken Stuzin, CFA, Portfolio Manager, Large-Cap Growth Strategy, Brown Advisory. Read the conference recap here.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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