The Big Picture

FEBRUARY 25, 2025

The transcript from this weeks, MiB: Charley Ellis on Rethinking Investing , is below. Charlie Ellis is just a legend in the world of investing. He was chairman of the Yale’s Endowment Investment Committee and his, not only did he write 21 books, his new book, rethinking Investing, is just a delightful snack.

Investing 159

Investing Investments Management Engineering 159

Calculated Risk

APRIL 30, 2025

These movements were partly offset by increases in investment, consumer spending, and exports. Compared to the fourth quarter, the downturn in real GDP in the first quarter reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending that were partly offset by upturns in investment and exports.

Government 257

Government Food Economics Sales 257

Wealth Management

APRIL 16, 2024

KKR logged $3 billion in sales in products aimed for the private wealth channel—up from $400 million in sales per quarter in 2022. These are among the investment must reads we found this week for wealth advisors. Morningstar published an explainer on the growing world of interval funds.

Investing 299

Investing Investments Wealth Advisor Sales 299

Wealth Management

OCTOBER 1, 2024

Schwab Asset Management is splitting shares on two-thirds of its ETFs in an attempt to boost sales. These are among the investment must reads we found this week for wealth advisors.

Wealth Advisor 287

Wealth Advisor Investing Investments Assets 287

Calculated Risk

DECEMBER 4, 2024

Sales of farm equipment were a notable headwind to overall investment activity, and several contacts expressed concerns about the future prices of equipment given ongoing weakness in the farm economy. Still, contacts generally reported financing remained available.

Economics 278

Economics Economy Sales Planning 278

Wealth Management

MARCH 1, 2023

WMRE talked to a number of real estate investment experts in the first two months of 2023 to get their takes on navigating a climate with higher interest rates and reduced sales volumes.

Investing 285

Investing Investments Numbers Sales 285

Nerd's Eye View

MAY 29, 2024

And while many businesses can build up substantial value over the years, the downside is that, when that value is realized upon the sale of the business, a large amount of it is treated as taxable income. One way to reduce the tax impact of selling a small business is by using an installment sale. Under IRC Sec. Under IRC Sec.

Sales 246

Sales Taxes Assets Retirement 246

Calculated Risk

JANUARY 1, 2025

Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on this blog). Question #8 for 2025: How much will Residential investment change in 2025? How about housing starts and new home sales in 2025?

Economics 272

Economics Sales Investing Investments 272

Calculated Risk

DECEMBER 28, 2024

New Home Sales Increase to 664,000 Annual Rate in November FHFAs National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores Lawler: New Census Population Estimates Show Massively Higher Population Growth Question #8 for 2025: How much will Residential investment change in 2025?

Sales 147

Sales Investing Investments Marketing 147

Wealth Management

APRIL 23, 2024

The bank has struck an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment-advisory firm.

Investing 223

Investing Investments Sales Banking 223

Wealth Management

JUNE 20, 2025

Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all handshake hurdles M&A Understanding the Client Retention Hurdle in RIA Sales Understanding the Client Retention Hurdle in RIA Sales by Derek (..)

Wealth Management 170

Wealth Management Management Financial Advisor Clients 170

Calculated Risk

JANUARY 6, 2025

This steady performance fit in with the backdrop of retail sales exceeding expectations again in the fourth quarter, with October and November witnessing 0.5% In the mid-'00s, mall investment picked up as mall builders followed the "roof tops" of the residential boom (more loose lending). sqft respectively. growth respectively.

Retail 255

Retail Sales Investing Investments 255

Nerd's Eye View

NOVEMBER 14, 2024

As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it.

Financial Advice 246

Financial Advice Communication Sales Assets 246

Calculated Risk

DECEMBER 29, 2024

Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on this blog). Question #8 for 2025: How much will Residential investment change in 2025? How about housing starts and new home sales in 2025?

Economics 278

Economics Sales Numbers Investing 278

Nerd's Eye View

NOVEMBER 22, 2023

In this guest post, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, discusses in depth the various stages of buying, selling, and merging an investment advisory and financial planning business. Read More.

Compliance 245

Compliance Sales Financial Planning Financial Advisor 245

Calculated Risk

DECEMBER 7, 2022

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). I also look at the yield curve, but I've found new home sales is generally more useful. Note that Residential Investment is quarterly and single-family starts and new home sales are monthly.

Sales 361

Sales Economy Engineering Investing 361

The Big Picture

FEBRUARY 7, 2024

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. Should value investing be part of that strategy? TRANSCRIPT: Jeremy Schwartz Value Investing Barry Ritholtz : How much you pay for your stocks has a giant impact on how well they perform. What Is value investing?

Investing 293

Investing Investments Valuation Portfolio 293

Calculated Risk

SEPTEMBER 16, 2022

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). I also look at the yield curve, but I've found new home sales is generally more useful. Note that Residential Investment is quarterly and single-family starts and new home sales are monthly.

Sales 363

Sales Economy Economics Investing 363

Calculated Risk

FEBRUARY 14, 2025

Feb 14th] emphasis added From Goldman: Following this mornings retail sales and industrial production reports, we lowered our Q1 GDP tracking estimate by 0.3pp to +2.0% (quarter-over-quarter annualized) and our Q1 domestic final sales forecast by 0.1pp to +2.2%. From BofA: Next week, we will initiate our 1Q GDP tracker. percent and 6.2

Retail 162

Retail Sales Investing Investments 162

Nerd's Eye View

JUNE 16, 2025

While many firms have historically relied on commission-based compensation methods – reflecting a sales-driven approach – financial advice has evolved with technological advancements and a greater focus on financial planning, with the Assets Under Management (AUM) fee emerging as the primary compensation model.

Financial Advice 225

Financial Advice Financial Advisor Financial Planning Planning 225

Calculated Risk

MARCH 21, 2025

Here is my outlook at the start of 2025: How much will Residential investment change in 2025? How about housing starts and new home sales in 2025? Next week Ill update my outlook for housing starts, home sales, house prices and more based on the policy changes. What will happen with house prices in 2025?

Sales 162

Sales Investing Investments Marketing 162

Abnormal Returns

OCTOBER 19, 2023

disciplinefunds.com) Existing home sales are in free fall. (politico.com) China's fertility rate has fallen off the table. marginalrevolution.com) Housing What it would take to unlock the housing market. bonddad.blogspot.com) Economy Still no sign of a pick up in weekly initial unemployment claims.

Financial Advising 259

Financial Advising Investing Investments Media 259

Abnormal Returns

MARCH 17, 2025

awealthofcommonsense.com) Books "Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Shareholder Meetings" by Alex Morris is a good refresher course. propublica.org) Economy Retail sales are decelerating. Markets Corrections happen more often than you remember.

Media 190

Media Economy Retail Management 190

Calculated Risk

MAY 29, 2023

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. New home sales peaked in 2020 as pandemic buying soared.

Sales 363

Sales Economy Banking Economics 363

Calculated Risk

DECEMBER 27, 2024

Our Q4 domestic final sales forecast stands at +2.3% (quarter-over-quarter annualized). After both the advance durable manufacturing report and the new home sales release from the US Census Bureau, the nowcast of fourth-quarter real gross private domestic investment growth increased from 1.2 percent to 1.3 Dec 24th estimate]

Manufacturing 147

Manufacturing Sales Investing Investments 147

Nerd's Eye View

NOVEMBER 4, 2024

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Advisor sales enablement platform Nitrogen has announced its own feature for extracting information from prospects' investment statements that can be automatically fed into Nitrogen's analysis and proposal generation tools, which (..)

Estate Planning 242

Estate Planning Planning Communication Clients 242

The Big Picture

JANUARY 24, 2025

The firm is owned by Mass Mutual, and half of its $431 billion in invested assets are from the insurance giant, with the rest coming from institutional investors. He also spent 5 years as the company’s President, overseeing a majority of Barings business sectors, including investments, sales, operations and tech.

Insurance 193

Insurance Assets Banking Management 193

Calculated Risk

NOVEMBER 15, 2024

From BofA: Next week, we will initiate our 4Q GDP tracker after the October retail sales print today and October industrial production, housing starts, existing home sales and September business inventories will impact our 3Q and 4Q tracking estimate. percent on November 15, unchanged from November 7 after rounding.

Retail 147

Retail Sales Investing Investments 147

The Big Picture

MAY 21, 2025

This pronouncement motivated subsequent blog posts (notably in 2005 and 2021 ) and a full chapter in “ How Not to Invest.” A fallible human being publishing their uninformed opinion in print should never be the basis for making any intelligent investment decision. and the Nasdaq 100 of -15.9%.

Retail 205

Retail Media Electronics Investing 205

Calculated Risk

MAY 23, 2025

May 23rd estimate] emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged at +2.1% (quarter-over-quarter annualized) and our Q2 domestic final sales forecast unchanged at 0%. From BofA: Since our last weekly publication, our 2Q and 1Q GDP tracking are down two-tenths each to +2.0% q/q saar and -0.5% percent on May 15.

Sales 162

Sales Investing Investments 162

Calculated Risk

MAY 2, 2025

previously), but with weaker final domestic sales. May 2nd estimate] emphasis added From Goldman: We launched our Q2 GDP tracking estimate at +2.4% (quarter-over-quarter annualized) and our Q2 domestic final sales estimate at +0.6%. We now expect 2.0% headline GDP growth (vs. percent on May 1, down from 2.4 percent on April 30.

Sales 147

Sales Management Investing Investments 147

Calculated Risk

JULY 29, 2022

The BEA reported that investment in non-residential structures decreased at a 11.7% Investment in petroleum and natural gas structures increased in Q2 compared to Q1 and was up 31% year-over-year. The first graph shows investment in offices, malls and lodging as a percent of GDP. annual pace in Q2. year-over-year.

Commission 363

Commission Manufacturing Investing Investments 363

Calculated Risk

DECEMBER 28, 2022

8) Residential Investment: Residential investment (RI) was a drag on growth in 2022 as the housing market slowed sharply. New home sales were down 15.2% Note: RI is mostly investment in new single-family structures, multifamily structures, home improvement and commissions on existing home sales.

Economics 347

Economics Economy Sales Commission 347

Trade Brains

JUNE 26, 2025

State Bank of India (SBI) is gearing up for a colossal share sale. The nation’s largest lender picked six top investment banks. Finally, SBI’s own investment arm, SBI Capital, completes the roster. The share sale process should start by late July. The upcoming share sale will solidify its financial foundation.

Sales 52

Sales Banking Valuation Investment Advisor 52

Wealth Management

JUNE 20, 2025

Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all handshake hurdles M&A Understanding the Client Retention Hurdle in RIA Sales Understanding the Client Retention Hurdle in RIA Sales by Derek (..)

Wealth Management 135

Wealth Management Management Financial Advisor Estate Planning 135

Calculated Risk

NOVEMBER 22, 2024

From Goldman: We left our Q4 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) but boosted our Q4 domestic final sales forecast by 0.1pp to +2.0%. After this morning's housing starts report from the US Census Bureau, the nowcast of fourth-quarter real residential fixed investment growth increased from -1.2

Sales 147

Sales Investing Investments 147

Wealth Management

DECEMBER 27, 2022

A strong start to 2022 marked by robust fundamentals and record levels of investment sales activity transitioned into a second half marked by uncertainty, leaving commercial real estate on unsteady footing heading into 2023.

Sales 312

Sales Investing Investments 312