Posts filed under “Investing”

Successful Investors *Adapt (*or go Extinct)

Dave Nadig of ETF.com has some very kind things to say about our latest project:

“Right now, on our home page, we have evidence of what I think is the most important trend we’re seeing in financial services. It’s not a product launch, or a clever structure or a brilliant way to make money now.

It’s Josh Brown and Barry Ritholtz launching a boutique robo advisor.

It’s not because Brown and Ritholtz are two of the smartest guys in the business (they are), or that they’re masters of new technologies and social media (they are) or even that they’re conservative, ETF-centric wealth managers (they are).

It’s because they’re the way the successful financial advisor of the future adapts.

There is lots of wisdom behind recognizing the significance of that one small word: Adapt.

That is a key insight into our so-called “secret.” The world is constantly changing, and whether its blogging or Twitter or automated software driven planning & management, being able to adapt to change is crucial:

-Investors had to adapt to the Fed’s program of QE.
-Traders have to recognize the latest research on psychology
-Money managers need to recognize the impact of HFT
-Regulators need to understand how rapidly the world is changing
-Politicians need to adapt their outmoded ideologies
-Investors now have to adapt to the end of the Fed’s program of QE.

It doesn’t matter if you are a Finch on the Galapagos Islands, or a broker-dealer, adaptation remains the key determiner as to whether you will survive or go extinct.

 

 

Source:
Secret Tool For Today’s Financial Advisors
Dave Nadig
ETF.com October 08, 2014
http://www.etf.com/sections/blog/23499-secret-tool-for-todays-financial-advisors.html

Category: Apprenticed Investor, Asset Allocation, Investing

What If You Were the World’s Greatest Stock Picker® ?

Even if you could pick huge winners, could you hold them? Barry Ritholtz Washington Post, October 5, 2014       Let’s imagine for the moment that you are the World’s Greatest Stock Picker®. You have an uncanny talent for ferreting out “the next Microsoft” — companies that are on the sharpest edge of what’s…Read More

Category: Apprenticed Investor, Investing, Psychology

Predict This!

Over the years, I have discussed how little I care for predictions (see “The Folly of Forecasts“). We have chatted about how poor Wall Street is at making forecasts, wondered why they keep at it and revealed the secret to making better predictions. But the bottom line is that you humans are terrible at forecasting…Read More

Category: Investing, Quantitative, Really, really bad calls

How Is Your Brain Interfering With Your Investing?

I am the guest speaker tonight at AAII’s NYC meeting in midtown. The subject: Why your brain is the source of nearly all of your investing errors, and what you can do about it. (Details here).   Click for more details   Should be fun!

Category: Cognitive Foibles, Investing, Psychology

Is the Bull Market Turning Bear?

Yesterday’s sell off has the bulls worried. Major U.S. indexes fell about 1.5 percent. Ten of the past 12 trading sessions saw swings of 100 points or more in the Dow Jones Industrial Average. The list of worries ranges from the strengthening dollar’s harm to U.S. earnings, the end of quantitative easing, Europe’s weakening economy…Read More

Category: Cycles, Investing, Trading

Business Cycle Chart

I love this chart from Fidelity:   How to Invest Using the Business Cycle Source: Fidelity

Category: Cycles, Investing

RWM is Coming to Wash, D.C. Next Week

A quick reminder that later this month, we have only a few slots left to meet with me and our the head of Financial Planning group when we will be visit with clients and prospective clients in the Washington, D.C. area on October 15h and 16th.

For those of you who are familiar with our investing philosophy, it is an opportunity to have a more in depth, personal conversation about your personal financial circumstances. For those of you who want to get the news straight from the horse’s mouth, come hear what I have to say on markets, the economy, and investing. (For a flavor of the conversation, check out the audio of our last quarterly conference call is below).

If you are interested in discussing about your personal financial circumstances, meeting with us, or simply hearing our views, give us a call or email.

Send email to Info -at- RitholtzWealth -dot- com, with the subject “DC Trip.”

Or call 212-455-9122 and ask for Erika.

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Our last quarterly conference call is after the jump.

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Category: Asset Allocation, Investing

Trick Question: How Low Can Gold Go?

One of the things I like to do in all of my musings is to find some thing or person who is wrong about an investing-related subject, then trying to figure out where they went awry. On occasion, small pearls of wisdom can be derived from this analytical process, as in this discussion on narrative….Read More

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

World’s Greatest Stock Picker®

> My Sunday Washington Post Business Section column is out. This morning, we look at The world’s greatest stock picker? Bet you sold Apple and Google a long time ago. (Thats the print headline; online it was Why the world’s greatest stock picker would’ve ditched Apple). This is the third (and likely final) installment of…Read More

Category: Apprenticed Investor, Investing, Trading

Reminder: We’re coming to D.C. October 15-16th

A quick reminder that later this month, myself and some staffers will be visiting clients and prospective clients in the Washington, D.C. area. Some of you are familiar with our investing philosophy, but this is an opportunity to have a more in depth, personal conversation. If you are interested in meeting with us, hearing our…Read More

Category: Asset Allocation, Investing