This week, we speak with Natalie Wolfsen, chief executive officer of Orion, which provides technology and asset-management services to wealth-management firms, independent financial advisers, and the enterprises that serve them. Previously, she served as CEO of AssetMark. This year, Barron’s named Wolfsen to its 100 Most Influential Women in U.S. Finance list.… Read More The post MiB: Natalie Wolfsen, Orion CEO appeared first on The Big Picture ..read more

    At The Money: Behavior Beats Intelligence  (July 24, 2024) We focus most of our investing efforts on information and knowledge. But is that where we generate the highest ROI? As it turns out, managing your behavior has a much greater impact on your returns than does any single data point. Full transcript below: ~~~ About this week’s guest: Morgan Housel is a partner at the Collaborative Fund and author of “The Psychology of Money: Timeless lessons on wealth, greed, and happiness.” For more info, see: Personal website Masters in Business LinkedIn Twitter ~~~   Find all o ..read more

    The transcript from this week’s, MiB: Gregory Peters, Co-CIO of PGIM Fixed Income, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here.   ~~~   00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:16 [Barry Ritholtz] This week on the podcast, another extra special guest, if you are at ..read more

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Escape From the Box: New technology and old tactics have made buying a car a death march of deception. Jase Patrick, who spent 15 years in the business, reveals the dealer secrets. The result is an experience that most people view as a grinding, tortuous journey, being upsold and pitched and bombarded with numbers until they resign themselves to the egregious overcharges as the price one must pay to get behind the wheel. A March survey found that 86% of auto customers expressed concern about hi ..read more

The weekend is here! Pour yourself a mug of  coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Life Cycle of Market Champions. Throughout history, certain companies have dominated the equity market, but the process of creative destruction makes staying on top for long periods of time very difficult. (Bridgewater) • The Best Investment I Ever Made: The Pros & Cons of Owning a Vacation Home (A Wealth of Common Sense) see also The Top 10 Upgrades That Make Your Home Sell Over Asking: We’re talking tens of thousands more. (House Beautiful) • How Rivi ..read more

    At The Money: When Your Investments Make an Impact. with Soraya Darab, TMV (July 17, 2024) We expect our investments to generate positive financial returns, but can they also have a positive societal effect? Can your capital make an impact? Full transcript below. ~~~ About this week’s guest: Soraya Darabi, partner in the venture firm TMV. She has been an early investor in companies that went public such as FIGS, Casper, and CloudFlare, as well as startups like Gimlett and Lightwell, that were later acquired by Spotify and Twitter.   For more info, see: Personal Bio Company w ..read more

    The transcript from this week’s, MiB: Matt Eagan, Loomis Sayles Fixed Income, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here.   ~~~   00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:15 [Barry Ritholtz] This week on the podcast, I have an extra special guest. If you are at al ..read more

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • A Couple Won the Powerball. Investing It Turned Into Tragedy. How high fees and low returns hurt a nonprofit that trusted a local financial adviser (Wall Street Journal) • Three Algorithms in a Room: A growing number of industries are using software to fix prices. Law enforcers are beginning to fight back. (American Prospect) • Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated: Questionable diagnoses of HIV and other maladies triggered extra Medicare Advantage payments ..read more

     This week, we speak with Matt Eagan, portfolio manager and co-head of the full discretion team at Loomis Sayles & Co, where he is also a member of the board of directors. He joined Loomis Sayles in 1997 as a fixed-income research analyst for the multisector fixed-income team. Eagan is a co-founder of the Loomis Sayles Allies group and a member of the leadership council for Boston Scores. He is also a member of the Boston Economic Club and CFA Society Boston. Eagan discusses how he fell into Fixed Income, starting his career under the legendary Dan Fuss. He also explains why ..read more

    @TBPInvictus here: The most recent Employment Situation Summary a/k/a “jobs report” a/k/a NFP showed a healthy gain in jobs, albeit with some meaningful downward revisions to prior months. It also showed an unemployment rate of a still-low 4.1%. That rate is calculated by taking the unemployment level (Numerator) and dividing it by the labor force (Denominator). The product of that calculation – the quotient – is the unemployment rate. Last month (in thousands), it was 6,811/168,009 = 0.0405 or, with rounding, 4.1%. Friend of The Big Picture and former Fed economist Claudia Sahm ..read more