We help people align their investments with their financial goals and manage portfolios for them. This blog is about markets, economics, media, and finance. We provide you with a running commentary of market-related insights and thoughts as events unfold.
They called me in to the conference room on Friday morning, ahead of Father’s Day weekend. “Have a seat, Dave…”
The whole thing happens in fifteen minutes. I have til the end of the day to say my goodbyes. I have none that I want to say. They tell me to get my stuff together – two framed pictures, one of my kids and one of the four of us at my son’s high school graduation, I don...
This is how I plan to be spending the next few weeks, book in hand. What are you reading this summer? Let me know here.
Michael and I played What Are Your Thoughts this week, watch it below and subscribe here!
These were the most read posts on the site this week, in case you missed it:
Continuing the discussion raised by Bernstein’s question, and the post I did yesterday, which has been spreading like wildfire (thanks so much for reading and sharing!)…
Here’s Ben Carlson and I about the implications for portfolio construction, asset allocation, capitalism, etc.
Make sure you’re subbed to the Compound Show mini podcast. We’re doing some really fun things in a new format and...
An analysis of book value captures things like plants and equipment and facilities and hard-money, real assets that corporations have managed to accumulate over their lifetimes.
And when the cost of money is higher, these things are more highly valued by investors because they are expensive to replicate and costly to replace.
An analysis of book value doesn’t capture things like intellectual property and brand, inta...
On an all new episode of What Are Your Thoughts, Michael Batnick and Downtown Josh Brown discuss:
* What to make of the Beyond Meat extravaganza
* Economists’ interest rate predictions were hilarious this year
* The S&P 500 has been flat for 18 months, now what?
* Will the Knicks still go for Kevin Durant?
* Batnick hates summertime
Be sure to subscribe to our channel so you never miss an update
A 2% tax on America’s 75,000 wealthiest families would raise $2.75 trillion over the next decade.
This is at the heart of Democratic presidential candidate Elizabeth Warren’s economic plan to reduce the enormous wealth gap between the top .1% and to raise federal revenues. The families that would eligible for this wealth tax would be those with over $50 million in assets. Families with over a billion dollars i...
Eric Clarke comes home from school and helps his dad, one of America’s earliest independent financial advisors, with the generation of performance reports and the preparation of statements for his clients. It’s the 1990’s and there aren’t any products or services worth speaking of that can do this function automatically. So Eric gets this idea.
He starts recruiting college students at the local Uni...
A few things stand out –
Trump complains that the people voting on the Fed’s board are “not my people” – I’m not sure the Fed is supposed to be subordinate to the President. I swear he literally thinks he was elected King.
Also, Trump seems to think the Fed sets the interest rate on Treasury bond issuance, which is weird because it’s called an auction, people bid competitively in ...
Hey, you’re that guy from CNBC right?
Your kid on one of these teams too?
He’s on the Tigers, 10U.
Nice. Nice move this week by the way.
Yup. Think the Dow was up 1,000 points in four days.
Lemme ask you something about that. I watch your show…so, the market started rallying when it looked like tariffs were going to be so bad that the Fed was going to cut rates as insurance against a slowdown, ...