The Big Picture

OCTOBER 19, 2023

My prior sentiment discussions focused on two things: The general unreliability of surveys — asking people questions and then assuming their answers are accurate or honest; they are not, often because people are loathe to say “ I don’t know.” 4 People’s perceptions do not match the data.

Media 349

Media Economy Economics Wealth Management 349

The Big Picture

FEBRUARY 21, 2024

We’re co-conspirators in self-deception and this prevents us from having accurate self-knowledge. To help us unpack all of this and what it means for your portfolio, let’s bring in Professor David Dunning of the University of Michigan. And the problem with that is our ignorance is also invisible to us.

Media 140

Media License Planning Economics 140

The Big Picture

JANUARY 3, 2024

To help us unpack all of this and what it means for your portfolio, let’s bring in Michael Mauboussin, head of conciliate research at Morgan Stanley’s Counterpoint Global Division. Asset prices are meant really to provide us with information. So rather than us thinking independently, we correlate our views.

Investing 180

Investing Investments Assets Numbers 180

Abnormal Returns

APRIL 12, 2024

jordanharbinger.com) Scott Barry Kaufman talks with Michael Gervais about why you should stop worrying about what people think of you. pushkin.fm) Sean Illing talks with Kieran Setiya author of "Life Is Hard: How Philosophy Can Help Us Find Our Way." podcasts.apple.com)

Investing 210

Investing Investments Management 210

Abnormal Returns

NOVEMBER 29, 2023

ft.com) Charlie Munger Charlie Munger taught us how to think, not just about investing. Think what a blessing that would be for us all." newsletter.abnormalreturns.com) Mixed media Why are people seemingly so miserable at work? arstechnica.com) Paying zero interest rates: why it's good to be a bank. economist.com)

Financial Advising 237

Financial Advising Media Economy Economics 237

The Big Picture

FEBRUARY 14, 2024

February 14, 2024) What does history tell us about how war impacts the stock market? Can these patterns inform us of future bull market behavior? To help us unpack all of this and what it means for your investments, let’s bring in Jeff Hirsch. The US government. All the rest of us did.

Marketing 303

Marketing Marketing Government Numbers 303

Abnormal Returns

MARCH 10, 2024

The result is people desire his opinion and approval." newsletter.abnormalreturns.com) Mixed media How demographics rules everything around us. (theirrelevantinvestor.com) Ian Cassel, "Buffett has been compounding his reputation for 70 years with investors, operators, financiers, world leaders, everyone. nytimes.com)

Financial Advising 170

Financial Advising Media Economy Economics 170

The Big Picture

FEBRUARY 16, 2023

Not many people cared much about this before. 1 Which brings us back to our topic “ Return to the Office.” There are many good reasons to want to see people back in the office. Millennials who had yet to embrace this absurd lifestyle recoiled; those of us who have grown used to it had the scales fall from our eyes.

Management 291

Management Planning 291

The Big Picture

FEBRUARY 21, 2023

If you think about what Vanguard is all about, we sit there each and every day, figuring out how do we help people retire better, put their kids through college, afford that dream home? And certainly for us, that has been a time to show up and answer the bell for our clients. We had a wonderful opportunity in front of us.

Clients 267

Clients Investing Investments Retirement 267

Nerd's Eye View

FEBRUARY 8, 2024

As a starting point, it's important to recognize the value of taking any initial step, as without that first step, getting past the myriad choices that face us can feel overwhelming and impossible. Ultimately, the point of having goals is to keep us moving in the right direction toward the growth and progress we want to achieve.

Communication 149

Communication Clients Planning 149

The Big Picture

SEPTEMBER 15, 2023

Join us for a thought-provoking live podcast event from IEX Exchange’s “Boxes and Lines” podcast hosted by Ronan Ryan and John Ramsay, as they take on the latest trends, innovations, and technologies shaping e-commerce and web3 This week’s edition: Me ! Recorded August 8th, 2023.

Wealth Management 255

Wealth Management Media Financial Market Management 255

Abnormal Returns

MAY 28, 2023

It tells us that things are changing and asks us why we are not doing anything about it." behaviouralinvestment.com) How some people get away with doing almost nothing at work. (whitecoatinvestor.com) The 11 best finance movies to watch this weekend including 'Boiler Room.' vox.com)

Food 170

Food Investing Investments Marketing 170

Abnormal Returns

DECEMBER 14, 2023

newsletter.abnormalreturns.com) Mixed media Some good gift giving advice - give people the best version of something they use all the time. smallpotatoes.paulbloom.net) What behavioral science can help us during the holiday season. Then check out our weekly e-mail newsletter. timharford.com)

Financial Advising 274

Financial Advising Retail Media Economy 274

The Big Picture

MAY 26, 2023

Businessweek ) • What US Cities Pay the Most (and Least) for Everyday Jobs : From accountants to nurses to data scientists, the same job can deliver about 50% more pay if you’re willing and able to relocate. Bloomberg ) see also How some people get away with doing nothing at work All hail the jobless employed. (

Startup 256

Startup Manufacturing Accounting Investing 256

Abnormal Returns

MAY 13, 2023

newscientist.com) What long-lived rockish can teach us about longevity? tonyisola.com) People are really good at self-deception. behavioralscientist.org) Why do some people have more stable personalities than others? markmanson.net) People of color are often desensitized to poor customer service.

Financial Advising 205

Financial Advising Food Media Sales 205

The Big Picture

JANUARY 17, 2024

To help us unpack this and what it means for your portfolio, let’s bring in Meyer Statman, professor of finance at Santa Clara University. For people in marketing, of course, this is so trivial. You say something to yourself and you say something to other people. I lock it and move away fast so people will not see my car.

Portfolio 130

Portfolio Investing Investments Retirement Planning 130

The Big Picture

MARCH 20, 2023

Were these people “bailed out?” From the book’s introduction: “There is something inherently unjust about some people getting a free ride when everyone else has to pay his or her own way. This is the government financially rescuing people despite—or perhaps because of— their own enormous recklessness and incompetence.” .”

Banking 314

Banking Insurance Government Management 314

Abnormal Returns

DECEMBER 14, 2023

theverge.com) Jeremiah Johnson, "People really don’t like having their worldviews popped, and that’s what is required if we’re going to break through social media doom loops." bloomberg.com) Risk How behavioral science can inform us better how to avoid triggering avalanches. honest-broker.com) How Twitter broke the news business.

Media 239

Media 239

The Big Picture

NOVEMBER 2, 2023

New York Times ) see also World’s Safest Market Becomes a Magnet for Big Investors : US government debt was once among the sleepiest corners of finance. Businessweek ) • The People Who Lost Serious Cash on NFTs : Five investors – whose losses range from a few thousand quid to $5 million – tell us what went wrong and what how they feel now.

Advertising 130

Advertising Portfolio Management Economy Food 130

The Big Picture

MARCH 30, 2024

Businessweek ) • The US doesn’t have universal health care — but these states (almost) do : Ten states have uninsured rates below 5 percent. Vox ) • People Hate the Idea of Car-Free Cities—Until They Live in One : Removing cars from urban areas means lower carbon emissions, less air pollution, and fewer road traffic accidents.

Commission 166

Commission Economics 166

The Big Picture

JULY 2, 2023

My Sunday morning look at incompetency, corruption and policy failures: • The Military Recruiting Crisis: Even Veterans Don’t Want Their Children to Join : Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away. CNN ) • Nearly half of US honeybee colonies died last year.

Ethics 255

Ethics Recruitment Accounting Consulting 255

The Big Picture

MAY 3, 2023

At least they told us what they were going to do. Given how much inflation was caused by non-monetary factors – fiscal stimulus, supply chain problems, too few houses , a labor shortage – many of us simply believed the Fed to be jawboning. Jerome Powell & Co.

Economy 353

Economy 353

The Big Picture

AUGUST 2, 2023

My mid-week morning Plane reads: • A Generational Change : People view bonds as competition for stocks as a bad thing. FI ) see also Economist Behind Popular Recession Gauge Worries She Created a ‘Monster’ Claudia Sahm thinks her eponymous rule may fail this time, meaning the US may dodge a downturn even if unemployment goes up modestly.

Economy 246

Economy Investing Investments Banking 246

Abnormal Returns

FEBRUARY 22, 2024

gq.com) Only six people who played for the Brooklyn Dodgers remain. thenewinquiry.com) Anti-semitism has been with us for millennia. (theguardian.com) Sports How much is Saudi Arabia willing to spend to make a splash in global football? defector.com) Longreads Silicon Valley's elite increasing live in isolation.

Communication 198

Communication Investing Investments 198

The Big Picture

OCTOBER 6, 2022

. • The Climate Crisis Spells Big Business for Carbon Capture : At a recent expo in Houston, innovators claimed they can spare us a global catastrophe—and make billions in the process. What Do Dogs Know About Us? Texas Monthly ). Bloomberg ). A brief guide to the weird and revolutionary world of quantum computers. . Bloomberg ).

Accounting 273

Accounting Planning Marketing Marketing 273

Million Dollar Round Table (MDRT)

APRIL 14, 2024

Levasseur, CLU, MS Ed Like many financial advisors, we want clients who will show behaviors that make them easy to work for and help us serve them better. We also want those clients to introduce us to more people like themselves. We then ask them to grade us in four areas that mean a lot to them.

Clients 64

Clients Financial Advisor Assets Planning 64

The Big Picture

SEPTEMBER 22, 2023

The September Federal Reserve meeting is behind us we still have November and December ahead of us. as the out years are now trending downwards: The dots are useful to give Fed watchers something to talk about, but for the rest of us, it is really a humbling reminder that nobody knows what the future holds.

Economics 314

Economics Financial Market Marketing Marketing 314

The Big Picture

APRIL 17, 2023

Morningstar ) see also People Are Investing in Bonds Again—Once They Figure Them Out : After years of low returns, bonds are paying real money again. A Wealth of Common Sense ) • The Business of … Death : Why most American funeral parlors are family-owned and other fascinating insights—extreme embalming?!—from from the burial economy.

Management 275

Management Assets Investing Investments 275

The Big Picture

OCTOBER 2, 2023

Ninety percent of everything is crap ” – Ted Sturgeon Weary of defending of science fiction against attacks of people who used the worst examples of the field for ammunition, Sturgeon pointed out that the most fields of human endeavor are filled with garbage. It’s a crucial aspect of my belief system.

Investing 342

Investing Investments Economy Portfolio 342

The Big Picture

OCTOBER 1, 2022

We discuss how his thinking has evolved over time, from focusing on behavioral biases and why people are wrong, to learning what leads people to change their minds. He explains why we “feel we know things” rather than actually understanding the universe around us. It is a complex but time-consuming, process.

Economics 288

Economics Marketing Marketing 288

The Big Picture

AUGUST 22, 2022

How the US Toppled the World’s Most Powerful Gold Trader : JPMorgan’s former gold boss was convicted last week. You Have No Idea How Good Mosquitoes Are at Smelling Us The insects have infinite backup plans for hunting us down. ( Which means that to most people, they stand for cheating. Axios ). • Bloomberg ). •

Food 290

Food Manufacturing Government Retirement 290

The Big Picture

NOVEMBER 28, 2023

New York Times ) see also The “Art” of Market Timing : Market timing is extremely difficult, very few people (if any) do it consistently well. It’s a good time to be a worker and a bad time to be a consumer — the problem is most people are both. ( Slate ) • The majority of US gun deaths are suicides.

Economy 234

Economy Manufacturing Taxes Economics 234

The Big Picture

JULY 1, 2023

Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form 4-day weekend reads: • A $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity South : Some 2.2 million people moved to the Southeast in just over two years. New York Times ) • ‘People are like, Wow!’: And it’s catching on. (

Recruitment 140

Recruitment Government Consulting Management 140

Abnormal Returns

JUNE 26, 2023

morningstar.com) Why young people are at-risk of overtrading. cnbc.com) What the Musk-Zuckerberg spat tells us about technology. Strategy Do alternatives belong in your portfolio? traderfeed.blogspot.com) Companies Amazon ($AMZN) is building out the Amazon Hub Delivery. slate.com) Economy The Misery Index is falling rapidly.

Financial Advising 196

Financial Advising Media Economy Economics 196

The Big Picture

MARCH 18, 2023

It’s competition, and people do get like that about competition.” ( Bloomberg ) • What Do We Actually Know About Covid-19? Chronicle of Higher Education ) • What Broken Windows Theory Can Teach Us : Now The discredited policing philosophy got one thing right: It isn’t crime that makes people feel unsafe. Romantic intrigue.

Banking 288

Banking Economics Education Management 288

The Big Picture

JANUARY 2, 2023

It’s great when good things happen to good people and Jeff was always one of the good guys. Whenever I discussed Jeff’s great turn of events, people were, let’s just say less than generous. On and on it went, with people in disbelief (and in one instance, genuinely dismayed) that I was actually happy for my friend’s success.

Startup 342

Startup Accounting Banking Management 342

The Big Picture

JANUARY 24, 2024

Successful investors could be looking at a big tax bill from the US government. I’m Barry Ritholtz, and on today’s edition of At The Money, we’re going to discuss using direct indexing to maximize your after tax net. How can you avoid sticker shock when Uncle Sam comes knocking? Equity returns. 400, 450, 500.

Taxes 234

Taxes Portfolio Wealth Management Management 234