This is going to be BIG.

JULY 25, 2022

Typically, investors don’t take a board seat until you raise your first equity round—which means that it could be *years* before you have a real board meeting: A year of nights/weekends work researching, prototyping, and fundraising. You raise your pre-seed round and if you're lucky and good, you can get to an equity round in 12-18 months. Many people extend this round and don’t get there for two years.

Accounting 146

Accounting Active Investors Capital Investors 146

A Wealth of Common Sense

JULY 28, 2022

A reader asks: As a long term investor (10-20 year horizon) is it worth selling portions of a stock when it’s up and taking some profits, maybe reinvesting when the price goes down or pocketing the money? Or, is it best to stay “all in” regardless of the ups and downs? There are two different ways to think about this question. One is the Charlie Munger approach.

Stock Market 145

Stock Market Stock Market Investors Assets 145

The Big Picture

JULY 25, 2022

For the first half of this year, I have steadfastly refused to join Club Recessionista. I have not believed we were already in a recession, and I was hopeful that a moderate Fed gradually raising rates to throttle inflation could execute that soft landing. No longer. As I mentioned to Tom Keene last week, Nick Timiraos in the Wall Street Journal revealed the Fed’s intention to raise rates 75 basis points brought a reckoning to my hopes of a non-recessionary growth slow down.

Financing 138

Financing Finance Stock Market Stock Market 138

Financial Times M&A

JULY 29, 2022

Wall Street lenders stomach losses on private equity deal financing offered before market swoon

Investment Banking 121

Investment Banking Investment Banks Buyout Banks 121

The Reformed Broker

JULY 28, 2022

It’s been an honor and a pleasure writing, recording and filming for you guys all year. 2022 has been incredibly challenging as an investor, a financial advisor, an investment advisory CEO and a professional market commentator. Tough all around. Like everyone else, I’ve gotten some stuff right and some stuff wrong this year. Based on this week’s reaction to large cap technology company earnings and the F.

Investors 103

Investors Companies Investing 103

A Wealth of Common Sense

JULY 26, 2022

A reader asks: Many right now are saying real estate is the only way to get a real return in a safe manner. Will you post some data on real estate vs. bonds vs. stocks? You always have to be careful when you use the word “safe” when it comes to investing. An investment that feels safe now could be very risky in the future and vice versa.

Assets 145

Assets Returns Investing Financing 145

Financial Times M&A

JULY 25, 2022

The bankrupt platform is right to reject overtures from cryptocurrency tycoon posing as a white knight

Investors 102

Investors 102

Integrity Financial Planning

JULY 28, 2022

What should you focus on if we face a recession? How should your financial plan be revised over time? Find out on today’s show. Experts on divided on whether or not we are headed for a recession (or are already in one). Financial uncertainty in the market is giving a lot of people a lot of anxiety. How does Brian help his clients cope with this? You’ve got to focus more on your particular situation as opposed to the big picture of the country, the economy, or whatever because you can’t do anythi

Investing 98

Investing 98

A Wealth of Common Sense

JULY 24, 2022

Three random thoughts on the current state of the stock market: (1) The top 10 stocks are getting smoked. One of the prevailing theories during this past bull market is the biggest stocks were carrying the S&P 500. The top 10 stocks now make up more than 30% of the index by market cap so it would make sense for this group to have an outsized impact on the performance of the market.

Investing 143

Investing Stock Market Stock Market 143

The Big Picture

JULY 29, 2022

The last time we looked at the State Coincident Indicators Index, all 50 States were in an economic expansion over the trailing 3 months. The diffusion index = 100. That is no longer the case today. The FOMC meeting on May 3-4 raised rates by 50 basis points, which was followed by the 75 basis point increase at the June 14-15 FOMC meeting. Taking rates to the 1.50%-1.75% range had some bite, and we see the impact of this higher cost of credit combined with inflation impacting the economy.

Banks 128

Banks Investors Investing 128

Financial Times M&A

JULY 28, 2022

Landmark lawsuit to block virtual reality deal will challenge Big Tech and the legal establishment

Legal 98

Legal 98

Fortune Financial

JULY 28, 2022

In many large businesses, it’s common for employees to own stock in the company. Anyone who owns company stock will eventually have to decide how to distribute their assets — typically when there is a job change or retirement involved. When you are presented with the option to distribute your assets, you will have the choice to roll them into an IRA or place the stock into a taxable account and then roll the remaining assets into an IRA or 401(k).

Taxes 98

Taxes Accounting Assets Capital 98

A Wealth of Common Sense

JULY 29, 2022

As of the close of the trading day on June 16, 2022, the S&P 500 was down 23% from its all-time highs: The Russell 2000 Index of small cap stocks and the Nasdaq 100 were both down nearly 32% and 33%, respectively, from their highs. That’s a pretty decent bear market. Since that day, the S&P 500 is up 13%. The Russell 2000 has shot up 14% while the Nasdaq 100 has bounced 16%.

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129

The Big Picture

JULY 23, 2022

This week, we speak with Graham Weaver, who is the founder and CEO of Alpine Investors, a private equity firm in San Francisco that invests in software and services. Graham has been in private equity for over 20 years, having started Alpine in his dorm room at the Stanford Graduate School of Business. We discuss how he launched a PE company in his dorm at Stanford’s GSB, and proceeded to “make every mistake in the book.” But his investors stayed with him, impressed by his commu

Investors 124

Investors Private Equity Firms Private Equity Firms Hedge Funds 124

Financial Times M&A

JULY 28, 2022

Deal will create fifth-largest US airline but faces regulatory hurdles

98

98

Financial Times: Moral Money

JULY 26, 2022

Proposals that ‘dictate the pace’ of energy transition receive fewer votes from $8.

98

98

A Wealth of Common Sense

JULY 27, 2022

Today’s Animal Spirits is brought to you by Nasdaq and Composer: See here for Nasdaq’s research on the shifting profile of retail investors. See here for more info on Composers’ rules-based strategies On today’s show we discuss: Rich people keep spending money The upper-middle class is getting squeezed What is a recession? Walmart issues a profit warning Home price growth slowed for the secon.

Investors 108

Investors 108

The Big Picture

JULY 28, 2022

Following a negative GDP print in the first quarter, a strong but inflation-racked economy expanded in the second quarter on a nominal basis, but contracted in real inflation-adjusted terms. BEA reported “Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter.

Investors 119

Investors 119

Financial Times M&A

JULY 27, 2022

US regulator’s lawsuit is the first direct shot at a Big Tech deal under chair Lina Khan

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98

Covisum

JULY 27, 2022

If you haven't already, it's essential to take the time to familiarize yourself with the latest Social Security Trustees report. The solvency issues are a significant concern for people on the cusp of retirement today since the depletion date outlined in the report, 2034, is well within their life expectancy. As you're discussing Social Security benefits and how they fit in the context of the retirement strategy , it's important to note that the Social Security trust fund is scheduled to run out

Funds 98

Funds 98

Financial Symmetry

JULY 25, 2022

This brief video includes recent updates on the global stock and bond markets. In addition, please contact your Financial Symmetry team if you have any specific questions regarding your portfolio, our strategy or performance. Click on the video below to … Continued. The post 2022 2nd Quarter Market Update appeared first on Financial Symmetry, Inc.

Portfolios 97

Portfolios Stock Market Stock Market Investing 97

The Big Picture

JULY 29, 2022

My end-of-week morning train WFH reads: • The 8 economists who decide if the U.S. is in a recession : Even if gross domestic product figures show a shrinking economy, a recession won’t officially have begun unless the National Bureau of Economic Research says so. ( Washington Post ). • Why doesn’t the Fed just hike 200bp all at once? The cases for and against bold, abrupt moves ( Noahpinion ). • Despite Headwinds, Institutions See Opportunities Private market returns have come down off th

Startups 119

Startups Returns Investors Companies 119

Financial Times M&A

JULY 27, 2022

Cash bonanza raises prospect of large-scale deals to turbocharge transition strategies

Prospects 98

Prospects 98

Financial Times: Moral Money

JULY 25, 2022

Plus, the climate litigation risks you need to watch

95

95

Financial Symmetry

JULY 25, 2022

Which retirement stage are you in? Spoiler alert: the stages begin before you are retired. You’ll also be surprised by some of the stats we uncover as we dissect findings in the latest Age Wave study on retirement. We’ve had … Continued. The post Surprising Stats about the 4 Stages of Retirement, Ep #169 appeared first on Financial Symmetry, Inc.

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97

The Big Picture

JULY 26, 2022

?. The transcript from this week’s, MiB: Graham Weaver, Alpine Investors , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

Consulting 119

Consulting Consultants Private Equity Firms Private Equity Firms 119

Financial Times M&A

JULY 26, 2022

Merger of French satellite operator and money-losing OneWeb shows pressure old order faces from challengers

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A VC: Musings of a VC in NYC

JULY 25, 2022

We have been watching our portfolio of ~130 technology companies wrestle with this decision for the last two and a half years. Brought on by the covid pandemic and the work from home moment that it created, there has been a sea change in the way that technology companies organize themselves to get work done. Ben Horowitz observed this in a piece last week where he described A16Z’s decision to embrace a hybrid model that he called “ HQ in the Cloud.” It turns out that running a

Stakes 87

Stakes Portfolios Companies Returns 87

Million Dollar Round Table (MDRT)

JULY 26, 2022

By Antoinette Tuscano You can tell clients you’re a caring person who wants to help others, and they might believe you. Or you can show them by inviting them to be part of your efforts to help. Then you become the financial advisor who stands out from the crowd and who they’re proud to refer to their friends and family. “I would be philanthropic regardless of my profession,” said Katherine Kimball, B.S., a five-year MDRT member from Lynn, Massachusetts, USA.

Companies 85

Companies 85

The Big Picture

JULY 29, 2022

The Q4 E-Tron and Q4 E-Tron Sportback are geared toward first-time EV buyers who want a mainstream, well-made, luxury SUV. Based on the same MEB electric platform as the parent company Volkswagen, it’s similar to the VW ID.4. Unlike their EV competitors, Audi is simply electrifying their current line of ICE SUVs. Compared to futuristic and spacey models like 2023 Genesis GV60 and the Kia EV6 , Audi’s crossovers present as very familiar vehicles that just happen to have an electric p

Taxes 116

Taxes Companies 116

Financial Times M&A

JULY 25, 2022

South African miner says Canadian target at risk of being snapped up by rivals

Bidding 98

Bidding 98

XY Planning Network

JULY 25, 2022

4 MIN READ. As the business of financial advice continues to evolve, so too do the service models and compensation structures that advisors offer. With regulatory changes driving advisors to rein in their fees along with clients yearning for more holistic fiduciary advice, it’s becoming increasingly imperative that entrepreneurial-minded advisors are focused on building firms that ensure their interests align with their clients’.

Fee Structure 70

Fee Structure 70

Million Dollar Round Table (MDRT)

JULY 28, 2022

By Matt Pais, MDRT Content Specialist All advisors have been in a situation when they just can’t get certain prospects to return their calls and address whether they want to do business together. Dharmesh Goel , a 15-year MDRT member from Downers Grove, Illinois, has a solution to this problem: Send them an empty UPS envelope. “What would I do in that kind of situation?

Prospects 83

Prospects Returns 83

The Big Picture

JULY 25, 2022

My back-to-work a recession is coming morning train WFH reads: • Inverted Yield Curve: A Recession Alarm Is Ringing on Wall Street : An inversion of the bond market’s yield curve has preceded every U.S. recession for the past half century. It is happening again. ( New York Times ). • There Was Never Anything Wrong With Value : How the influence of popular value benchmarks challenges investor faith in the style and even the business of some value managers. ( Institutional Investor ) see also The

Private Equity Firms 59

Private Equity Firms Private Equity Firms Legal Stock Market 59