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10 Weekend Reads

The Big Picture

To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. New York Times ) • From Dylan to Bieber, catalogue sales are the megadeals taking over music : Some call it song management, others royalty acquisition. What happens if they fail?

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My New ETF: 100% of Upside + 0% of Downside

The Big Picture

Second, follow Charlie Munger’s advice and invert the sales pitch: 70% of the upside (you give up 16.62% per year for 2 years) with none of the downside sounds attractive – unless you think about what you are really giving up and getting in exchange. The performance numbers reveal this is a terrible trade-off for the average retail investor.

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10 Tuesday AM Reads

The Big Picture

My Two-for-Tuesday morning train WFH reads: • Stock Pickers Never Had a Chance Against Hard Math of the Market : In years like this one, when just a few big companies outperform, it’s hard to assemble a winning portfolio. Businessweek ) but see With cash earning 5%, why risk money on the stock market? With the 10 year at 4.2% 1987 Crash 3.

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10 Friday AM Reads

The Big Picture

The platform had punched above its weight in pure user numbers thanks to an unrivaled ability to both distribute real-time information and make expertise available. Combine these elements with your own critical faculty — to weed out the usual spam and bs — and it could feel like the only place online that really mattered.

Banking 152
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Know Thyself

Getting Your Financial Ducks In A Row

Lack of Understanding of the Numbers – when presented with the outcome of financial calculators, many of us consider whatever calculations were done in the background to be tantamount to magic. There’s no shame in admitting that factor – for a lot of us, math can be very tough. Related posts: Wash Sale Rules.

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Weekly Market Insights – January 8, 2024

Cornerstone Financial Advisory

It should not be considered a solicitation for the purchase or sale of the securities. Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. Giving an incorrect account number can delay your refund even further.

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These Are the Goods

The Irrelevant Investor

By Nick Maggiulli The fact that high beta firms tend to have lower quality and higher financial leverage is perhaps one good reason why the outperformance in bull markets is more than erased during bear markets By David Varadi Real math is painfully precise. Investment finance math is sales math.

Math 52