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.

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The Big Picture

JULY 22, 2022

After yesterday’s discussion on the uncertainty monster , a friend who “loves perspective changers” reached out with a challenge: “Most people rarely question their own basic ideas,” he said, He challenged me to find 10 concepts to do just that. Survivorship bias rules the world around us. What can be wrong? Paying up does not.

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The Big Picture

FEBRUARY 17, 2023

During the week of March 6th, we are seeing prospective clients and advisors in the Chicago area! Spots are limited, so if you want in, please contact us ASAP. Investors who want to learn more about how we manage assets, create financial plans, optimize your taxes, and are interested in working with us, please reach out.

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The Big Picture

MARCH 20, 2023

We Americans are always willing to lend a hand to someone down on their luck, but that is not what the current crop of bailouts is about. Galatians 6:7-9) Most of us fools reap what we sow, we suffer the consequences of our folly. But those people and companies who are bailed out do not.

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The Big Picture

JANUARY 3, 2024

Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management We discuss why it is so difficult to fight the crowd, and identify when the crowd is right and when they have gone mad. Yes, we’re all individuals. Yes, we are all different.” In this episode, I speak with Michael J. Mauboussin.

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Abnormal Returns

SEPTEMBER 21, 2023

Brooks who pivoted from politics to studying happiness. theatlantic.com) Behavior Why we are likely underestimating the collective American trauma. newrepublic.com) How the Lindy effect an help us avoid recency bias. bloomberg.com) Why we are already past peak-TV. (theatlantic.com) Profiles A profile of Arthur C.

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The Big Picture

DECEMBER 11, 2023

Early this year, Walgreens finance chief James Kehoe admitted as much : “ Maybe we cried too much last year ” about merchandise losses. This costs retailers anywhere between $15-20 billion annually in the US. Who has time to actually fact-check news when something this juicy comes along? Shoplifting : $10-15 billion per year.

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The Big Picture

NOVEMBER 14, 2022

My pal Dave Nadig suggests that we are all much further away from any sort of recognition of the true universe than we suspect. We chatted about this last week, and the more I thought about it, the further away from reality it turns out that we actually are. See also: Reproductive/survival bias).

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The Big Picture

OCTOBER 28, 2023

Are our parents sitting on millions that they haven’t told us about? Will we soon see a life-changing jump in younger generations’ net worth? We finally have a comprehensive trial, but it’s left gastroenterologists with more questions than answers. Businessweek ) • You’re Invited to a Colonoscopy! But do they work?

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The Big Picture

MARCH 16, 2023

Those of you who sweated through the great financial crisis – even if you were short Lehman Brothers and AIG – experienced some déjà vu this past weekend. How many of you thought, “ Here we go again. ”? But from what we have learned so far, the differences seem far more significant than the similarities. What don’t we know?

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The Big Picture

MAY 5, 2023

Wall Street Journal ) see also The 10 Greatest US Investors and the Virtues That Made Them : There can be few fields of human endeavor in which history counts for so little as in the world of finance. Finally, it would be dangerous to extrapolate the post-1990 outperformance of US equities, as it mainly reflects rising relative valuations.

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The Big Picture

MARCH 13, 2024

I’m Barry Ritholtz, and on today’s edition of At The Money, we’re going to discuss how you can tell when the Fed is going to start cutting rates. And as my friend Jim Grant likes to say, who writes the newsletter Grant’s Interest Rate Observer, it’s nice to have an interest rate to observe again.

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The Big Picture

OCTOBER 9, 2022

It was one of those minor stories that seemed to have taken on a life of its own: The New York Times 1 reported last week about an adjunct Organic Chemistry professor at NYU who was fired after students complained his tests were too hard. ” perhaps we are all better served by asking a few different questions: 1. Who Was to Blame?

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The Big Picture

JANUARY 17, 2024

I’m Barry Ritholtz, and on today’s edition of At The Money, we’re going to discuss what investors really want. 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. And it’s important for us to identify them.

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The Big Picture

JANUARY 28, 2023

Pour yourself a mug of Guatemala Quetzaltenango coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Who Owns the Generative AI Platform? Young Money ) • Future Cringe One day we’ll look back on this moment and wonder: What were we thinking? economist covering US + Canada.

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The Big Picture

NOVEMBER 27, 2023

But as we fixed city fires in other ways, we came to learn about its horrific downsides. The Smart Set ) Be sure to check out our Masters in Business interview this weekend with Peter Atwater , who teaches confidence-driven decision-making as an adjunct professor at William & Mary and the University of Delaware.

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The Big Picture

FEBRUARY 6, 2024

I love finding these people who are just absolute rock stars within their space that most of the investing public probably is not familiar with, haven’t heard about them. The person who heads their focus and quality strategies, this gentleman named Tom Hancock. We have doctors in the family. I asked who’s that guy?

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The Big Picture

JANUARY 16, 2023

How do we make a living and provide services for the subscriber-driven companies? How do we get paid a sustainable salary, while also having healthcare and supporting the overhead of our work, which often comes out of our own pocket? How do we push projects that may not seem obvious until they are made? Happy MLK day !

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The Big Picture

DECEMBER 8, 2023

That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. million people quit their jobs each month in the US.

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The Big Picture

FEBRUARY 16, 2023

One of the big reveals of the pandemic was just how much time we collectively waste commuting from ever longer distances. It’s far from ideal, but how else to make use of otherwise wasted time? At least until all those hours were reclaimed when we were forced to work from home. Is it past time to return to the office?

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The Big Picture

OCTOBER 1, 2022

. This week, we speak with science journalist David McRaney, who investigates the psychology of reasoning, decision-making and judgment on his blog “ You Are Not So Smart.” He explains why we “feel we know things” rather than actually understanding the universe around us.

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The Big Picture

AUGUST 26, 2023

This week, we speak with Vanguard’s chief investment officer Greg Davis. Davis also serves as a member of the Treasury Borrowing Advisory Committee of the US Treasury Department. Tim Buckley, who became CEO of Vanguard Group in 2018, eventually elevated Davis to CIO. .”

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The Big Picture

FEBRUARY 17, 2024

Business Insider ) • Office Towers Reshaped US Skylines. That’s because of the way we assign blame when accidents do happen. That’s because of the way we assign blame when accidents do happen. But how do we know if we’re getting it right? ( ’ Now they’re losing that bet, big time. Maybe Not for Long.

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The Big Picture

SEPTEMBER 20, 2022

Chief Investment Officer ). • ‘Poison’ Ivy Zelman—the analyst who predicted the 2008 housing bust—sees U.S. Chief Investment Officer ). • ‘Poison’ Ivy Zelman—the analyst who predicted the 2008 housing bust—sees U.S. This is what we can do. This Could Be the Place NASA’s Rover Helps Us Find It. Some Are Tax Traps.

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The Big Picture

JULY 3, 2023

Wall Street Journal ) • The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever : As the money makes its way to all the players in the transaction, you may wonder: Why does it work this way? Vox ) • The Man Who Broke Bowling : Jason Belmonte’s two-handed technique made him an outcast.

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Recruitment Banking Consulting Economics 255

The Big Picture

NOVEMBER 17, 2022

That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics. The honest answer: “ Nothing, we are aiming at the 60% that is the goods demand side.”. See also : Glenn Hubbard: Post-pandemic fiscal spending bears much of the blame for US inflation (FT, November 14, 2022).

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The Big Picture

FEBRUARY 21, 2023

If you recall pre-pandemic, we had started doing these live events. The first one was with Ray Dalio, and then we did one with Howard Marks, and then everything closed down and we kind of put it on hiatus. So let’s talk a little bit about what we have going on right now. We worked together for Jack Bogle.

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The Big Picture

SEPTEMBER 4, 2023

Friday is just a dead day.’ ( Financial Times ) • All That Empty Office Space Belongs to Someone : If the nearly 100 million square feet of office real estate stays empty, who loses? ( Borrowers in the US and the UK rack up the highest debt in the world. Investors hoping to spot bargains in the latest slump can watch these trends.

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The Big Picture

SEPTEMBER 28, 2023

As we have discussed, in ordinary times, sentiment polls tend to be problematic: But these do not seem to be ordinary times. As we have discussed, in ordinary times, sentiment polls tend to be problematic: But these do not seem to be ordinary times. We are in a post-pandemic, popular-uprising environment.

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Government Medicine Economy Healthcare 291

The Big Picture

JANUARY 24, 2024

At the Money: How to Pay Less Capital Gains Taxes (January 24, 2024) We’re coming up on tax season, after a banner year for stocks. Successful investors could be looking at a big tax bill from the US government. On this episode of At the Money, we look at direct indexing as a way to manage capital gains taxes.

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The Big Picture

DECEMBER 5, 2023

We got three letters here. We got a letter to get into, tuck, a letter to get into Harvard, and a letter to get into Stanford. And he said, well, then we’re done. So I got to know the work and we would jointly make presentations to the senior management team or their board if a deal went far.

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Abnormal Returns

MARCH 22, 2023

theinformation.com) We really don't know what generative AI is going to become. newsletter.abnormalreturns.com) Mixed media Om Malik, "Thanks to Twitter punditry, it doesn’t take very long to find out who is or who isn’t a genius." institutionalinvestor.com) Twitter used to make us smarter. Now not so much.

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Mish Talk

DECEMBER 11, 2022

Binance's Proof of Reserves Statement When we say Proof of Reserves, we are specifically referring to those assets that we hold in custody for users. This means that we are showing evidence and proof that Binance has funds that cover all of our users assets 1:1, as well as some reserves. This was not an independent audit.

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Assets Accounting Clients Economics 362

The Big Picture

FEBRUARY 27, 2023

The process of making money requires teams of experienced designers and engravers who etch the plates with portraits, vignettes, lettering and ornamentation. Wall Street Journal ) see also US Housing Market Posts $2.3 Wall Street Journal ) see also US Housing Market Posts $2.3 The MSCI World ex-USA dates back to 1970.

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The Big Picture

OCTOBER 26, 2022

It’s yet another reminder of what we tend to overlook: 1. The future is unknown and unknowable : Ignore anyone who pretends they know with certainty what is coming next — they don’t, because they can’t. Sometimes, the world changes before we recognize it. We are experts in the way the world used to be.

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Economy Marketing Marketing 364

The Big Picture

JANUARY 19, 2024

My end-of-week morning train WFH reads: • Americans are actually pretty happy with their finances : By the numbers: 63% of Americans rate their current financial situation as being “good,” including 19% of us who say it’s “very good.” Kevin Drum ) • The US Debt Is Now $34 Trillion.

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Media Startup Numbers Government 130

The Big Picture

NOVEMBER 25, 2022

My end-of-week morning train WFH reads: • The Best 50-Year-Old Investing Advice Money Can Buy : Nearly 50 years ago, the economist Burton Malkiel came out with a book that said, in effect, that all of us should be in index funds. But we first need to understand, as well as catalogue, what is causing the current economic carnage. (

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