Posts filed under “Investing”

The University Endowment Sweet Sixteen Bracket

Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work.

Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at least they paid a lot for the privilege . . .




Source: Chief Investment Officer

Category: Asset Allocation, Hedge Funds, Investing, Venture Capital

Gold Miners Are No Longer a Proxy for the Metal

Let’s say this right up front: The SPDR Gold Shares Trust exchange-traded fund has killed the shares of the gold miners. For a few years now, I have been very skeptical about gold’s value as an investment (this may seem excessive, but see this, this, this, this,this, this, this, this, this, this and of course this). The primary reason for this is straightforward: Gold is bought…Read More

Category: ETFs, Gold & Precious Metals, Investing, Really, really bad calls

Overall Advisor Satisfaction

From Wealth Management: Advisor satisfaction and loyalty has tumbled at national brokerage firms amid heightened concerns over compensation changes and a lack of confidence in leadership. Source: Wealth Management

Category: Investing

Talk Biz News: 1 Year Anniversary of Masters in Business

It is the one year anniversary of Masters in Business on Bloomberg radio. There is a full discussion of the show after one year at Talk Biz News. Over the course of its first year, the podcast has broken some news, generated some buzz, and generally been a wonderful learning experience for me. I have no…Read More

Category: Financial Press, Investing, Podcast

The Jewish Broker Who Saved America

You 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…Read More

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