Sat.Apr 01, 2023 - Fri.Apr 07, 2023

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Less Cars, More Money: My Visit to the City of the Future

Mr. Money Mustache

In my role as Mr. Money Mustache, I do my best to be your one-stop-shop for Lifestyle Guru ideas. So over the years we’ve covered not just the Money side of life, but also the even more important stuff like health and fitness and the psychology of better, happier living. But there’s one single area of life where all of these factors come together with an almost Nuclear Fusion level of synergy and effectiveness.

Legal 145
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50 Ways the World is Getting Better

A Wealth of Common Sense

I am a glass-is-half-full kind of person and have been getting a lot of feedback from people of late that the world is only getting worse. Here’s a post from a few years ago that lists the immense progress we’ve seen as a species. * “I am not an optimist. I am a very serious possibilist.” – Hans Rosling You don’t have to look too far to find negativity these days.

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It’s not a funnel, it’s a filter.

The Reformed Broker

I get a lot of emails and LinkedIn messages about our “funnel” these days. Hiring funnel, sales funnel, etc. Usually it’s coming from well-meaning companies who are focused on recruiting and headhunting or lead generation and prospecting. A typical firm in our industry is probably in need of what they’re offering. I have tried to build an atypical firm.

Prospects 138
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$33 Trillion in Sovereign Wealth Funds

The Big Picture

The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion (USD) in 2021; that’s down only slightly to $31.4 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing.

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Is this a tipping point for Japan’s start-ups?

Financial Times M&A

Founders are now shifting to a view that selling through M&A is not an admission of failure

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The Good & Bad of Investing in the Stock Market

A Wealth of Common Sense

I like to look at both sides of things because so many aspects of life have some sort of balance. You don’t get the good without the bad, the reward without the risk, the pleasure without the pain or the bull markets without the bear markets. This past week I looked at some of the reasons the stock market can make you feel terrible all the time.

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The ground is quaking

The Reformed Broker

The prompt: The output, copy-pasted into my blog’s CMS: This is a rainbow stripe! Obviously anyone who knows how to code could have knocked this out in a second without even having to think about it. But how many people don’t know how to code? Most? We’re heading into a future in which not knowing how to do a thing is going to matter much less than ever before.

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More Trending

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Rathbones agrees wealth deal with Investec to create £100bn business

Financial Times M&A

Merger comes as wealth managers seek to bulk up in the face of surging costs

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The Ultimate Level of Wealth

A Wealth of Common Sense

When Slack co-founder Stewart Butterfield was on the How I Built This, Guy Raz asked him what it was like to become insanely rich (Forbes has Butterfield pegged at $1.4 billion). Butterfield told Raz, “Beyond a certain level of wealth it doesn’t make your life any better.” He framed it in terms of 3 levels of wealth: Level 1. I’m not stressed out about debt.

Debt 122
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This Week on TRB

The Reformed Broker

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.

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Big Tech, Big Returns?

The Big Picture

A quick note before everybody scampers off for the holidays. The impact of Technology on indices since the GFC is indisputable. But if you want to see exactly what their weight looks like on markets over that decade-plus era, check out the Statista video above. Or, you can see Invictus applying Bob Farrell’s rules to the Tosteern Slok’s FANGM work: Time to invoke Farrell’s Rule #7?

Returns 115
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Wall Street suffers $1.5bn loss on Citrix buyout loans

Financial Times M&A

Goldman Sachs, Bank of America and Credit Suisse unload remnants of deal struck in the easy money era

Buyout 98
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When Can I Retire?

A Wealth of Common Sense

I’m in Florida on Spring Break this week so here’s an excerpt from my book Everything You Need to Know About Saving For Retirement. * When you first set out to save and invest your mindset is often stuck on the idea of becoming rich. As you age and priorities shift, that mindset turns into a fear of dying poor. Do I have enough money saved?

Investing 101
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Hiding in plain sight

The Reformed Broker

I’ve been reading Jamie Dimon’s letter to JPMorgan Chase shareholders over the last two days (it’s long) and wanted to check in here to share this bit about what happened with the banking system this spring. He is uniquely positioned to share a point of view on it… The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the bankin.

Banks 98
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Buy This, Sell That? Please Don’t…

The Big Picture

Ever see those IR stories announcing a firm is “increasing its exposure” or “boosting our stake” or “unloading shares” in a given company? Sounds like someone with more resources, insights, and connections KNOWS something about a stock that you do not. Should you then follow the recommended announcements? Absolutely not. Here is why: These posts seem to be a bizarre combination of public records scraping and AI; they look like they were designed to generate clicks rather than reflect honest inve

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EDF deal to buy GE’s nuclear turbine maker probed by UK watchdog

Financial Times M&A

CMA investigating tie-up hailed as way to recover French control of atomic technology

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Talk Your Book: No Bank Runs in Commercial Real Estate

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by USQ On today’s show, we spoke with Tom Miller, CEO and CIO of USQ to discuss investing in commercial real estate in difficult macro environments. See here for USQs special Animal Spirits edition research paper on investing in private real estate. On today’s show, we discuss: An intro to commercial real estate Real estate in Manhattan How debt works with commercial.

Banks 101
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“Investable” or “investible”–which spelling is correct?

Investment Writing

How should you spell the word that may appear in descriptions of an asset management firm’s minimum requirements for clients— “investable” or “investible” ? My gut tells me “investable” with “a” because the definition depends on how much you are able to invest. The case for “investable” over “investible” Merriam Webster’s Collegiate Dictionary includes “investable,” but not the alternative spelling.

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Getting So Much Better All the Time

The Big Picture

 A quick note before the 3-day holiday weekend consumes all: I was thumbing through the Oscar edition of a recent glossy mag when I came across an article by James Pogue titled “ West of Eden.” It’s a discussion of folks on the fringe right, including preppers, dystopian billionaires, and a bunch of off-the-grid, back to-the-land, radicals. I can sum up the entire vibe with a single quote: “ If you’re not willing to shoot federal agents, then you’re not serious about it.

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Blackstone swoops on listed UK commercial property company

Financial Times M&A

US private equity group has backing of Industrials Reit board for £700mn deal

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Talk Your Book: Car Dealership Guy

A Wealth of Common Sense

On today’s show, we spoke with CarDealershipGuy to discuss the car buying process and the ins and outs of the car market. On today’s show, we discuss: CarDealershipGuy on Twitter Michael’s car shopping experience Buying v leasing in today’s market Car supply chain issues The electric car market Getting a loan for a car The Carvana situation Listen here: Charts: Follow us on Facebook, Instag.

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How should we regulate ESG research?

Financial Times: Moral Money

Are the firms brokers? Raters?

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A Guide for New Photographers

Integrity Financial Planning

Photography can be a great hobby to take up in your retirement. It’s a great way to encourage you to stop and smell the roses. With the advent of smartphones and advanced digital cameras, it can be very easy to point a camera at something and get an image you’re happy with. The computers in phones and cameras make the adjustments necessary to get a good-looking photo.

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Chamath Palihapitiya learns there’s no such thing as free money

Financial Times M&A

Plus, the Hollywood rise of Ari Emanuel and venture capital dries up in Silicon Valley

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Finding a way to appropriately discuss a prospect’s finances 

Million Dollar Round Table (MDRT)

By Joseph Tan, ChFC, CLU When we go into an appointment, we say, “The quality of my advice depends on the quality of the information you give me. If I’m going to do a global risk management project for your finance s , you ’ve got to tell me everything.” I invented a software ; w e have 300 formulas working at the same time. I tell the person, “If you tell me something that’s not accurate, for example how much money you have in the bank or how much stock you ha

Finance 94
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Only 5% of FTSE 100 companies have ‘credible’ climate transition plans, says EY

Financial Times: Moral Money

Tiny minority of biggest UK public companies would meet draft government guidelines

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That Wasn’t the Bottom

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tony Dwyer, and Downtown Josh Brown discuss how long an inverted yield curve can last, the unemployment rate and recession, bank lending standards, the Fed, commercial real estate, AI, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Banks 94
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L’Oréal/Aesop: deal tags premium beauty as absolutely fabulous

Financial Times M&A

For all the glitz and glamour of this sector, L’Oréal is not overpaying for the Australian brand

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Increase efficiency by delegating

Million Dollar Round Table (MDRT)

By Sandy Schussel Most financial advisors face one or both of these challenges as their business grows: Getting in front of enough qualified prospects Building and working with staff that can support their growth While many of the advisors and agents who have reached out to me over the years have been looking for help with the first of these, increasingly I find myself talking with advisors who have more business than they can handle.

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DWS Xtrackers stages largest ETF launch in history

Financial Times: Moral Money

The Xtrackers MSCI USA Climate Action Equity ETF starts trading with $2bn in assets

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The Bubble in Money Market Funds

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Inflation Cooling – “Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index — rose 0.3% in February after the prior month was revised down.

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Glencore/Teck: mining giant needs to go higher to win family backing

Financial Times M&A

Swiss group will have to sweeten its offer — or at least include a cash component

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The Blackbird Platform

A VC: Musings of a VC in NYC

The first project launched this week on our portfolio company Blackbird ‘s platform. It is a friends and family program at a restaurant in Williamsburg Brooklyn called Gertie. Blackbird wrote about it today on their excellent Supersonic blog : Throughout, when you tap Gertie’s Blackbird-powered NFC chip (shown above), wonder awaits. On the first tap, a free cookie sourced from a nearby bakery comes your way.

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World Bank head David Malpass’s big appeal

Financial Times: Moral Money

Plus, demand for green goods weathers inflation

Banks 87
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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Pioneer, Oracle, CVS & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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FGS/KKR: Rudd letter day is a money-spinner for City PRs

Financial Times M&A

Deal with private equity group highlights how the PR business has changed

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Why Are Older Adults Working Longer?

Tucker Advisors

Why are older adults working longer? By Sam Deleo Tucker Advisors Senior Content Specialist/Editor Follow Follow Follow Follow Follow Follow We are about to experience a major transformation of our labor force in the United States. Is it the change we want? Forty years ago, the federal government lengthened Social Security’s full retirement age (FRA) from 65 to 67, and increased the delayed retirement credit.

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