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#FASuccess Ep 424: Executing A Successful Internal Succession Plan In The Private Equity Era Of Advisor M&A, With David Grau Jr.

Nerd's Eye View

David is the President of Succession Resource Group, an advisory consulting and valuation business based in Portland, Oregon that serves independent financial advisors with RIAs and broker-dealers. Welcome to the 424th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Grau, Jr.

Planning 162
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Tuesday links: paying for the news

Abnormal Returns

techcrunch.com) Musk SpaceX could soon be the world's most valuable startup with a $350 billion valuation. theverge.com) Fidelity marked up its valuation of X. abnormalreturns.com) Mixed media Why do people love watching yards get cleaned up on YouTube? (wsj.com) Meta ($META) is reportedly investing $10 billion in subsea cables.

Math 147
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Q&A: Your Money Map

The Big Picture

My organization structure 1: Poor Advice 2: Media Madness 3: Sophistry: The Study of Bad Ideas Or, where bad ideas come from, how they spread, why they fool us. You say we give way too much credit to the media when it comes to accurately covering financial happenings. So the follow up was: 7 Increasing Probabilities of Error.

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10 Biggest Ideas in “How NOT to Invest”

The Big Picture

Media Madness : Do we really need 24/7 financial advice for our investments we wont draw on for decades? What does the endless stream of news, social media, TikToks, Tweets, magazines, and television do to our ability to make good decisions? How can we re-engineer our media consumption to make it more useful to our needs?

Investing 314
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Avoid the Unforced Investment Errors Even Billionaires Make

The Big Picture

You see this all the time: After a huge run of spectacular gains, the media fetes a manager, and buyers pour in late. My advice was not based on fear of a bubble or the (over)valuation of Yahoo; rather, I suggested employing a regret minimization framework.2 This was just before an 81% collapse that bottomed in December 2023.

Investing 264
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The Critical Importance of Process Over Outcomes in Investing

Validea

Over several months, this trader generated impressive returns by following social media trends and timing market sentiment. No matter how well-timed the trades might have seemed, cryptocurrency prices are largely driven by factors beyond social media sentiment.

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Friday links: the crypto community

Abnormal Returns

spglobal.com) Finance Elon Musk's xAI and SpaceX are getting a valuation boost. newsletter.abnormalreturns.com) Mixed media Not The Onion: The Onion has purchased Alex Jones' Infowars out of bankruptcy. Markets The equity risk premium has fallen. mrzepczynski.blogspot.com) The S&P SmallCap 600 index is 30 years old.