The Reformed Broker
NOVEMBER 8, 2022
A lot of reporters and public intellectuals were writing their obituaries for Twitter this weekend. First, we saw the revolt of the Blue Checkmarks. Then, the first inklings of an advertiser exodus. The timing of all this – on the eve of a midterm election that will determine whether or not Americans actually care about democracy – could not have been more ominous.
A Wealth of Common Sense
NOVEMBER 8, 2022
The most important skill in finance has nothing to do with math. Creating the best discounted cash flow models in the world won’t help you raise assets from prospective clients. No one really cares about your Microsoft Excel skills if you can’t explain what they’re good for. Spreadsheets aren’t nearly as important as soft skills.
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Financial Times M&A
NOVEMBER 7, 2022
Move comes months after Chelsea was sold to consortium led by American financier Todd Boehly for £2.
The Big Picture
NOVEMBER 7, 2022
My views on inflation continue to evolve: I was correct in identifying inflation during the mid-2000s; during the post-crash 2010s I remained appropriately skeptical about rising prices. The price dynamic during and after the pandemic appeared to be troublesome but my expectations were that inflation would be resolved relatively quickly as supply chains reopened and life returned to normal. “ Transitory ” turned out to be too optimistic, and I was wrong in my expectations for a faster decline in
Wealthfront
NOVEMBER 10, 2022
Today, we’re excited to announce we’ve doubled the FDIC insurance you get on your deposits in a Wealthfront Cash Account. Your Cash Account deposits are now insured for up to $2 million through our partner banks, which is 8x the amount available in a traditional bank account. For joint accounts, Cash Account deposits are now […]. The post The Wealthfront Cash Account Now Offers $2M in FDIC Insurance appeared first on Wealthfront Blog.
A Wealth of Common Sense
NOVEMBER 11, 2022
This is how Americans spend their money1 (according to a study by the Bureau of Labor Statistics): Like most aggregates when you’re dealing with hundreds of millions of people, everyone’s spending is probably somewhat different than these averages. But directionally these numbers look right to me from a big-picture perspective. The two biggest line items for the majority of households are housing and transpor.
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Mish Talk
NOVEMBER 7, 2022
Twitter Axe Last Friday, Elon Musk cut about half of the company’s work force. That's approximately 3,700 jobs. Many employees did not know until they saw their corporate access blocked. I saw some Tweets in which managers did not even know which of their subordinates were axed. The managers sent emails to their subordinates asking if they still had access.
The Big Picture
NOVEMBER 6, 2022
Elon Musk interviewed by Ron Baron at the 29th Annual Baron Investment Conference on 4 November 2022. Ron Baron and Elon Musk CEO, Tesla Motors & CEO / CTO, SpaceX are also discussing about Twitter and Tesla Stock. Elon recently finalized Twitter deal. Also Elon Musk motivation and what motivates Elon are being discussed. The post Elon Musk interviewed by Ron Baron appeared first on The Big Picture.
A Wealth of Common Sense
NOVEMBER 6, 2022
In the past you had to read between the lines to understand the Fed’s thinking about monetary policy and what was coming next. These days they won’t shut up about what they think and what they’re going to do. I wouldn’t consider myself a Fed watcher but I’m fascinated with what the Federal Reserve is doing right now. While not a regular Fed watcher I did watch Jerome Powell’s press conf.
The Reformed Broker
NOVEMBER 5, 2022
Just wanted to start by saying thanks to everyone who made a donation to our Long Island Cares food drive for Thanksgiving. The money really goes a long way, we’re going to be making a big difference in the lives of people who need help this holiday season. We shattered the goal dollar-wise and I’m hoping to see a few hundred donated meals this weekend at our drop.
Mish Talk
NOVEMBER 9, 2022
Image from Investing.com yellow highlights and comments are mine. Market Still Reeling From Collapse of FTX Yesterday I noted Crypto Crash Is Led by a Whopping 88 Percent Plunge in FTX Here is the chart I posted yesterday. Today's chart will follow. FTX chart courtesy of CoinDesk. Price points added by Mish. Valuation Plunge The 44 percent rally was due to the announcement of a deal with Binance.
The Big Picture
NOVEMBER 5, 2022
This week, we speak with financial historian Edward Chancellor. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal and MoneyWeek. In 2008, he received the George Polk Award for financial reporting. Chancellor is the author of “ Devil Take the Hindmost: A History of Financial Speculation.” His new book “ The Price of Time: The Real Story of Interest ” is a nominee for FT’s 2022 Business Book of the Year.
A Wealth of Common Sense
NOVEMBER 10, 2022
Following up on last week’s question about when to change your asset allocation, a reader asks a logical follow-up: For the average investor who is looking to do a mix of stocks/bonds, should they use some simple heuristic for bond allocation, such as bond% = 10 x interest rate, up to a max of 50%? If not, how would they know when to shift that relative allocation?
Financial Times M&A
NOVEMBER 10, 2022
Regulators cite ‘public interest concerns’ and shareholders object to offer for mining group with stake in Oyu Tolgoi project
Mish Talk
NOVEMBER 8, 2022
FTX chart courtesy of CoinDesk. Price points added by Mish. What's Going On? The Wall Street Journal reports Crypto Exchange Binance to Acquire Rival FTX Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed Tuesday to a sudden liquidity crunch of its own and was taken over by rival Binance.
The Big Picture
NOVEMBER 11, 2022
Yesterday’s explosive move higher was exactly what I was referring to last month in Groping for a Bottom , when I suggested the risks were asymmetrical in : “The risk here feels asymmetric : The downside appears to me as a potential grind lower — the Fed overtightens, then keeps over-tightening; maybe earnings miss badly; That mild recession we have been discussing — what if it turns out to be much worse than expected?
Financial Times: Moral Money
NOVEMBER 11, 2022
The numbers are hokum, the clients are left in the dark and the real world impact is negligible anyway
Financial Times M&A
NOVEMBER 7, 2022
Purchase is hardly a bargain, but the owner of VillageMD does not have much of a choice
Walkner Condon Financial Advisors
NOVEMBER 11, 2022
2022 has been a difficult and trying year for stock and bond indexes in both emerging and developed markets. We are on pace to post the first double-digit loss in the major US markets since 2008. After a run of 13 years, it is understandable for investors to want to close their eyes and wait for the storm to pass. However, in times of market runoffs, it is important to review your finances and check the boxes on year-end tasks to ensure you are well-positioned for when the markets rebound.
The Big Picture
NOVEMBER 5, 2022
The weekend is here! Pour yourself a mug of BeanBox coffee, grab a seat on the settee, and get ready for our longer-form weekend reads: • Jony Ive on Life After Apple : The mastermind behind Apple’s most iconic products reveals how his design philosophy guides collaborations at his creative collective, LoveFrom. ( Wall Street Journal ). • Bitcoin mining in the crypto crash — the mining companies’ creative accounting : Bitcoin miners used to be ruthless economic agents, in it for the money.
Financial Times: Moral Money
NOVEMBER 8, 2022
One year on from Glasgow, the former Bank of England governor’s $130tn alliance risks falling short of expectations and promises
Financial Times M&A
NOVEMBER 11, 2022
Cosmetics group in exclusive talks after beating rival bidder Kering
Integrity Financial Planning
NOVEMBER 7, 2022
When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. If you were relying on IRA or 401(k) withdrawals to cover your expenses, doing so when markets are down would decrease the lifespan of your savings. And if you’re nearing retirement, market losses may provide cause to push back the time you enter retirement.
The Big Picture
NOVEMBER 10, 2022
This MoneyShow episode is now out from behind the paywall. Previously : Biggest Mistakes of UHNW Investors (October 25, 2021). The post Biggest Mistakes Made by UHNW Investors appeared first on The Big Picture.
Financial Times: Moral Money
NOVEMBER 8, 2022
Financial institutions cannot claim to be net zero while investing in fossil fuels, says report
Financial Times M&A
NOVEMBER 9, 2022
Reversal comes after due diligence revealed concerns over business practices
The Reformed Broker
NOVEMBER 11, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Warren Pies, and Downtown Josh Brown discuss the latest in markets, inflation, the effects of seasonality, what could be next, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
The Big Picture
NOVEMBER 11, 2022
The 7 Series is all new and redesigned, with your choice of electric or traditional ICE powertrains: the 740i is a rear-drive, 3.0-liter BMW TwinPower Turbo inline 6-cylinder that makes 375 HP; the 760i xDrive Sedan is all-wheel drive, with a 4.4-liter BMW TwinPower Turbo V-8 engine making 536HP. But the top of the line is now an all-electric luxury sedan: the i7 starting at $119,300, producing 536 HP, with a range that is about 300 miles. 0-60 MPH only takes 4.5 seconds.
Financial Times: Moral Money
NOVEMBER 8, 2022
Article 8 funds had outflows of €173bn while Article 9 had inflows of €33bn in year to September
Financial Times M&A
NOVEMBER 9, 2022
Move a further sign of Berlin’s tougher approach to protecting its high-tech sector
Mish Talk
NOVEMBER 10, 2022
CPI data from the BLS, chart by Mish. The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in September on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment. Key Points The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September.
The Big Picture
NOVEMBER 11, 2022
My end-of-week morning train WFH reads: • Is This Crypto’s Lehman Moment? Here’s how to make sense of the industry-shaking collapse of FTX. ( New York Times ). • Riverfront Square, the failed Disneyland Park successor that beer helped kill : As Disneyland grew into an international sensation, Disney began deciding on his next big project. He wasn’t yet sure he wanted to build a whole new theme park, but when St.
Financial Times: Moral Money
NOVEMBER 9, 2022
Plus, what the US midterm elections mean for the planet
Financial Times M&A
NOVEMBER 8, 2022
Billionaire has unloaded nearly $20bn worth of stock in carmaker since announcing $44bn takeover of social media platform
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