Mr. Money Mustache

APRIL 7, 2023

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

Legal Stakes Banks Accounting 145

A Wealth of Common Sense

APRIL 6, 2023

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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The Reformed Broker

APRIL 5, 2023

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

Prospects Companies 138

The Big Picture

APRIL 3, 2023

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.

Pension Funds 124

Pension Funds Funds Consulting Consultants 124

Financial Times M&A

APRIL 6, 2023

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

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A Wealth of Common Sense

APRIL 2, 2023

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.

Stock Market 141

Stock Market Stock Market Investing 141

The Big Picture

APRIL 7, 2023

My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. ( Wall Street Journal ) • How Models Get the Economy Wrong : Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality. ( American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the r

Prospects 119

Prospects Financing Finance Taxes 119

Financial Times: Moral Money

APRIL 6, 2023

Are the firms brokers? Raters?

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A Wealth of Common Sense

APRIL 7, 2023

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 136

Debt Financing Finance 136

The Reformed Broker

APRIL 1, 2023

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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The Big Picture

APRIL 5, 2023

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 116

Returns 116

Financial Times M&A

APRIL 5, 2023

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

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A Wealth of Common Sense

APRIL 4, 2023

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 108

Investing Financing Finance 108

The Reformed Broker

APRIL 6, 2023

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

Banks Shareholders 98

The Big Picture

APRIL 5, 2023

My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. ( ProPublica ) • The Bloomberg Terminal Just Got a ChatGPT-Style Upgrade : The new technology is designed to make searching the terminal simpler. ( Institutional Investor ) see also How Will AI Change Investing?

Taxes 115

Taxes Asset Management Assets Financing 115

Financial Times: Moral Money

APRIL 5, 2023

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

Assets 98

Assets 98

A Wealth of Common Sense

APRIL 3, 2023

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 108

Banks Debt Investing 108

Financial Times M&A

APRIL 4, 2023

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

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The Big Picture

APRIL 6, 2023

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

Mutual Funds 111

Mutual Funds Hedge Funds Stakes Financial Institutions 111

Financial Times: Moral Money

APRIL 2, 2023

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

Companies 98

Companies Public Companies 98

A Wealth of Common Sense

APRIL 1, 2023

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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Financial Times M&A

APRIL 4, 2023

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

Buyout 98

Buyout Banks 98

The Big Picture

APRIL 7, 2023

 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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Investment Writing

APRIL 3, 2023

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.

Investing 98

Investing Assets Asset Management 98

Financial Times: Moral Money

APRIL 3, 2023

Plus, demand for green goods weathers inflation

Banks 98

Banks 98

Financial Times M&A

APRIL 6, 2023

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

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Integrity Financial Planning

APRIL 5, 2023

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.

Financing 95

Financing Finance 95

The Reformed Broker

APRIL 7, 2023

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

Banks 94

Financial Times: Moral Money

APRIL 5, 2023

Leaked paper sheds light on debate within Net Zero Banking Alliance

Banks 96

Banks 96

Financial Times M&A

APRIL 3, 2023

Testing company is at centre of struggle between genome sequencer, EU regulators and Carl Icahn

Companies 98

Companies 98

Million Dollar Round Table (MDRT)

APRIL 4, 2023

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

Financing 90

Financing Finance Banks Prospects 90

The Reformed Broker

APRIL 4, 2023

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.

Funds 92

Funds Financing Finance Investing 92

Financial Times: Moral Money

APRIL 7, 2023

Also in today’s newsletter, junk food is on the menu for activist investors

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Financing Finance Investors 93

Financial Times M&A

APRIL 2, 2023

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

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Companies 98