The Irrelevant Investor

JULY 27, 2018

No, the S&P 500 is not a momentum fund. When Netflix was added to the S&P 500 in December 2010, at $10 billion, it represented 0.08% of the index. Today, 1200% later, Netflix has grown to 0.65% of the index and is now the 33rd largest component, behind Pepsi and Disney. With this example and others like it, some people have come to the conclusion that the S&P 500 is really just one giant momentum fund.

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Brown Advisory

JULY 27, 2018

The Financial Cost of Food Waste ajackson Fri, 07/27/2018 - 09:00 We all remember being told to clean our plates when we were kids. Unfortunately, that advice hasn’t stopped food waste from becoming a massive problem in the U.S. At Brown Advisory’s recent “Boston Innovates” event on sustainable food systems, we convened a panel of experts and leaders who are working towards food waste solutions.

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Brown Advisory

JULY 27, 2018

The Financial Cost of Food Waste. ajackson. Fri, 07/27/2018 - 09:00. We all remember being told to clean our plates when we were kids. Unfortunately, that advice hasn’t stopped food waste from becoming a massive problem in the U.S. At Brown Advisory’s recent “Boston Innovates” event on sustainable food systems, we convened a panel of experts and leaders who are working towards food waste solutions.

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The Irrelevant Investor

JULY 26, 2018

General Motors has done $140 billion in revenue over the last 12 months. Its market capitalization is $53 billion. Based off its price-to-sales ratio (0.37), it's the 9th cheapest stock in the S&P 500. These are facts, but of course there's a lot more to the story. When GM reported earnings today, management reduced its 2018 earnings-per-share forecast to $6, down from an expected range of between $6.30 and $6.60.

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Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Budgeting

The Irrelevant Investor

JULY 26, 2018

Yesterday Facebook had a market capitalization of $602 billion. Today it's $500 billion. A 20% decline in one day hurts, a lot, but this is type of move happens from time to time in the strongest stocks. Even after today, Facebook is still up 500% over the last five years. One common theme amongst the best stocks is that they all fall down. To illustrate this point, let's look at what sort of experience a Disney shareholder has had over the last few decades. $1 invested in Disney in 1970 is now

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The Irrelevant Investor

JULY 25, 2018

On this weeks Animal Spirits, we discussed: The Pareto Principle Ben's take on concentration in the stock market The worst 401(k) take ever. History of the 401(k) Fidelity's retirement data Liquid alternatives The Vanguard of hedge funds? The value winter Survey of the week Housing regrets 4-day workweek America is running out of caregivers Can hindsight bias be inherited Should new all-time highs be sold?

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Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds ajackson Tue, 07/24/2018 - 09:25 For years, “defense” in portfolios—i.e., allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. But after many years of economic recovery, we finally have reached a point where defensive allocations once again provide a reasonable yield.

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Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds. ajackson. Tue, 07/24/2018 - 09:25. For years, “defense” in portfolios—i.e., allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. But after many years of economic recovery, we finally have reached a point where defensive allocations once again provide a reasonable yield.

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The Irrelevant Investor

JULY 23, 2018

I recently spoke with Michael Samuels about my book and investing in general. Michael is the portfolio manager of Broome Street Capital, a fund that specializes in m&a and event-driven trading. I've done half a dozen podcasts at this point about the book, and this was easily my favorite discussion. Michael is in the business, so it wasn't just a question followed by an answer, but rather a discussion, which I really enjoyed.

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The Irrelevant Investor

JULY 22, 2018

Articles The key to changing your worldview on time is knowing when to trade it for money. By Nick Maggiulli The inversion would likely be a premature “sell equities” signal By Tim Duy China uses control over electronic communication in vastly draconian cyber dystopia ways compared to the wide range of opinions that are allowed online in the rest of the world.

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