Posts filed under “Weblogs”

Stop Making Intellectually Disingenuous Market Arguments

The quality of our discourse is decaying. This was once a standard complaint about the tone and depth of our national political debate. Now it has spilled into the financial realm.

Shall we blame Twitter, trolls or bloggers? I am unsure of the underlying reason. But as we have seen far too, financial discussions seem to entail people arguing at cross-purposes. Bull-bear debates devolve into winning the argument at any cost. Previously, we had a true competition of ideas in the marketplace. Now, we have discussions that range between disingenuous and useless.

The hunt for the truth has been replaced by the search for bragging rights.

Price discovery, like so many other things in our society, depends on a robust and open debate. The intellectual arguments can and do sway investors about their investment postures and positions. Efficient markets eventually find their way to proper pricing, but that “eventually” can take a long time. As John Maynard Keynes observed, “Markets can remain irrational longer than you can remain solvent.”

Perhaps a few examples might illustrate the point. In discussing the debate over gold, money manager Ben Carlson observes:

Gold is down almost 40% since it peaked in 2011. But it’s still up almost 350% since 2000. Although since 1980, on an inflation-adjusted basis, it’s basically flat. However, since the early-1970s it’s up over 7% per year (or about 3.4% after inflation).

If you want to have an intellectually dishonest argument about gold, simply cherry pick the time line that supports your argument.

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Category: Apprenticed Investor, Cognitive Foibles, Financial Press, Really, really bad calls, Weblogs

What I learned after 30,000 posts . . .

After 30,000 posts, Big Picture blogger has figured a few things out Barry Ritholtz Washington Post, September 19, 2014     Sometime last week, I published my 30,000th blog post. This was no small accomplishment — I started the Big Picture blog back in 2003. Since then, I have published a stream of charts, investing…Read More

Category: Apprenticed Investor, Cognitive Foibles, Weblogs

What I Learned After 30,000 Blog Posts . . .

>   My Sunday Washington Post Business Section column is out. On the anniversary on my 30,000th blog post, I looked back at what I learned. That is a lot of posts over the past dozen years — The Big Picture blog was begun back in 2003. Here’s an excerpt from the column: “After more…Read More

Category: Apprenticed Investor, Psychology, Weblogs

The Reformed Broker Refreshed

Nice update and refresh for Josh’s blog. More than an artistic update, you will discover lots of cool programming features coded in. Click around!

Category: Weblogs

15 Rules for Spotify

1. You will delete your MP3s. Just like you tossed your 8-tracks and cassettes, you’ll get rid of your MP3s, all your iTunes purchases, kaput, evaporate, just like that. It will happen when you get a new computer, which isn’t as frequent as before, but the truth is we’re moving to flash storage and it’s…Read More

Category: Music, Weblogs

Tadas Viskanta in the founder and editor of Abnormal Returns which has garnered a loyal following in the investment blogosphere. He is also the author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere. ~~~ Two and half years ago in this space I published a post arguing that there had never…Read More

Category: Investing, Weblogs

The Top Advisor Blogs and Bloggers

It is an honor and a privilege to be included in the Top 50 Financial Advisor Blogs And Bloggers:   click for full list Source: Kitces   Michael Kitces explains: “While blogging and social media for financial advisors continues to become more popular, one of the common challenges I hear from advisors trying to get…Read More

Category: Digital Media, Weblogs

Behavioral Investing/Economics Blogs?

  I am working on a new project, and I wanted to know what your favorite blogs or resources are for Behavioral Economics, Neuro-Science, and the Psychology of investing. Thoughts? Post a comment, or email me at TheBigPicture at Optonline dot net   Here are a few I have been checking out lately: The Psy-Fi…Read More

Category: Psychology, Weblogs

Finding Investment Insight Online

The Irish Times had some incredibly nice things to say about yours truly this week in a piece :   The Big Picture The granddaddy of market bloggers, money manager Barry Ritholtz, started his Big Picture blog way back in 2003. More than 25,000 posts later, he remains the best in the business. Ritholtz has…Read More

Category: Media, Weblogs

New Project in the Works

So I have been working on a few interesting projects — some web based, some data oriented, and some media related — that will be rolling out over the next few months. The core of these projects, all relate to my day job — asset management and financial planning — in some significant way. Today…Read More

Category: Media, Technology, Weblogs