Posts filed under “Investing”

The Jewish Broker Who Saved America

haymYou know Hancock and Washington and Franklin and Jefferson. You might even know Greene and Knox, Henry and Hale.

But it is very unlikely that you know the name Haym Solomon. This is unfortunate, because he’s the guy who arranged financing to keep the Continental Army alive during its darkest days, finding the money to keep the revolution going when many were ready to throw in the towel. He was also instrumental in the founding of the Bank of North America – the country’s first “national” bank. Solomon’s contributions to the war and the founding of the nation, though seldom discussed, were of major importance.

Haym Solomon is born to a sephardic Jewish family in Poland in 1740. He travels widely through the banking and finance capitals of western Europe, learning a thing or two and then moving on. He arrives penniless in New York City via England as the colonies are on the cusp of revolution. His expertise with money, along with his ability to converse in several European languages, makes him extremely valuable to overseas traders – he becomes a financial broker to New York’s bustling merchant community.

 

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Category: Investing, War/Defense

You’re Only Human: Here’s How it Hurts Your Portfolio

I recently had the privilege of sitting down for a chat with Richard Thaler, professor of the Booth School of Business at the University of Chicago. Thaler is widely recognized as the father of behavioral economics. He is perennially on the short list for a Nobel Prize in economics. His observations about how people behave in the…Read More

Category: Apprenticed Investor, Asset Allocation, Cognitive Foibles, Investing

The Ten Harsh Financial Commandments

Mike Batnick is the head of research for RWM; His tumblr is an outstanding assortment of real time analysis, data and perspectives. This was one of my favorite pieces of his:   The Ten Harsh Financial Commandments I) You will not buy low or sell high. II) You will cut your winners and let your losers…Read More

Category: Humor, Investing, Rules

Topics for the RWM Client Conference Call

On June 30th, our investment firm will be holding its Q2 client conference call. Because we’ve got a clientele that spans the entire country, we’ve found that holding a call during which we address important topics and take questions from our investors is a really effective way to communicate. In the weeks leading up to…Read More

Category: Asset Allocation, Investing

The Trouble with Macro

Markets around the world start the week bracing for trouble as Greece spirals further into crisis. Can the country avoid a full-blown default? Will there be a Grexit? Will it stay in the euro zone and keep the single currency? It all looks like an unknowable gamble. Which leads us to this question: How big a challenge is it…Read More

Category: Credit, Hedge Funds, Investing, Really, really bad calls

The Big Disconnect Between Investing and Human Behavior

    My Sunday Washington Post Business Section column is out. This morning, we look at the work of Richard Thaler, the father of Behavioral Economics. His findings are very applicable to investors. The print version had the full headline You’re only human: How it hurts your investments; online its You’re only human: An economist explains how…Read More

Category: Asset Allocation, Cognitive Foibles, Investing

Home State Investing Bias May Be Skewing Your Portfolio

Most investors are (or at least should be) familiar with the concept of “Home Country Bias” — the natural tendency to be more familiar and comfortable with public companies in your home country. Investors everywhere consistently display this trait, which is in direct conflict with the basic principles of international diversification. A 2014 report by Vanguard found…Read More

Category: Asset Allocation, Cognitive Foibles, Investing, Psychology

Where Did All the Publicly Traded Listings Go?

Source: NBER, Political Calculations   The U.S. now has half as many publicly listed companies trading on its exchanges as it did at the peak in 1996. As the chart below shows, listed companies reached a high of 7,322. That number today is down almost by half to 3,700 and is more than 1,000 lower than in…Read More

Category: Investing, IPOs, Regulation

The U.S. Listing Gap

More on this shortly . . .

 

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More charts after the jump

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Category: Corporate Management, Investing, Markets

HNWI Populations Statistics

Regarding yesterday’s column on what the very rich are doing, here are some more interesting graphics:     ~~~

Category: Data Analysis, Investing