Posts filed under “Investing”

Where Were You On Black Monday?

Where were you on Monday, Oct. 19, 1987?

Today is the first time since 2009 that October 19 has fallen on a Monday, and that has me thinking about that day. I recall exactly where I was — in graduate school, walking between classes, when I passed a television broadcasting the collapse.

For you youngsters, that is the day better known as Black Monday, when the stock market plunged 508 points in a single session. The Dow Jones Industrial Average lost 22.6 percent, the worst daily percentage loss on record, closing at 1,738.74.

The New York Times front page headline the next day asked, “Does 1987 Equal 1929?

Anyone working on Wall Street today who is under 40 is unlikely to have any professional memories of the event. To you, I suggest reading “Black Monday: The Stock Market Catastrophe of October 19, 1987” by Tim Metz. It is the definitive account of the crash, including the key players, personalities, decisions, news flows and first-hand accounts of what happened that day.


Continues at Black Monday Really Did Look Like 1929 Again



Category: Investing, Markets, Trading

Nudge? More Savings, Less Choice

Firms are boosting automatic retirement-savings rate, but there is some pushback from employees:   Click for ginormous graphic Source: WSJ

Category: 401(k), Asset Allocation, Digital Media, Investing

Omega Advisors’ Leon Cooperman: 7 Thoughts About the Markets

Omega Advisors Founder, CEO and Chairman Leon Cooperman discusses his outlook for the markets.

Source: Bloomberg, 10:12 AM EDT October 13, 2015


Omega Advisors Founder, CEO and Chairman Leon Cooperman weighs in on the activist investing debate. He speaks on “Bloomberg ‹GO›.”

Source: Bloomberg, 10:09 AM EDT October 13, 2015

Category: Hedge Funds, Investing, Video

Max Gains and Drawdowns for Investors by Decade

The most interesting thing I read today comes from Michael Batnick (Director of Research at RWM). In a post titled “The Power of Defense” he discusses “the max gains and drawdowns buy and hold investors would have received over each of the previous eleven decades.” I found the table below fascinating; every decade saw double digit drawdowns,…Read More

Category: Investing, Markets, Quantitative

If You Are Reading This, the World Has Not Ended

Predicting the end of the world has always been a losing bet. We were reminded of this once again when Oct. 7 came and went, and the world didn’t go poof. It was supposed to. That’s according to the eBible Fellowship, a small online religious group whose leaders somehow interpreted the Bible as calling for Armageddon this…Read More

Category: Investing, Psychology, Really, really bad calls

Firing a Researcher on Fiduciaries for Breaching A Fiduciary Duty

Over the years, I have written and spoken positively about the fiduciary standard (see e.g., this or this or this). Simply stated, a fiduciary is obligated to put the client’s interest first. Period. It is higher duty of care owed to clients than the traditional broker “suitability standard.” I’ll say more another time about why the new Department of Labor…Read More

Category: 401(k), Investing, Regulation

Meet with Ben and Josh in Arizona in December!

    My colleagues Ben Carlson and Josh Brown will both be speaking at the IMN Global Indexing and ETF Conference at the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch from December 6-8, 2015. We will be meeting with clients and prospective clients in area who want to learn about our approach to investing, and how we can help them…Read More

Category: Asset Allocation, Investing

NextGen Wealth Management Conference

  I am speaking at the NextGen Wealth Management conference this afternoon. Pop over to the Princeton Club of NYC and say hello . . .   Beyond the Call of Duty: Expanding the Definition of a Financial Advisor The “typical” SEC-Registered Investment Adviser has a median of $331.2 million in regulatory assets under management,…Read More

Category: Investing, Technology

Ben Carlson Discusses Correction on CNBC

Ben Carlson, author of “A Wealth of Common Sense,” discusses keeping your cool during this correction.

Author Carlson: Keep cool during correction

Category: Asset Allocation, Investing, Video

Buy a Boat If You Like, But Only If . . .

    My Sunday Washington Post Business Section column is out. This morning, we look at why buying a boat may — or may not — be a good or bad financial decision. Its really an excuse to look at the Department of No — the advice which says “Never Do XXXX” is often just…Read More

Category: Consumer Spending, Finance, Investing, Really, really bad calls