The World Map of Debt

Source: Visual Capitalist

Category: Economy

Masters in Business: Jeff Maggioncalda of Financial Engines

This week on our Masters in Business interview, we speak with Jeff Maggioncalda, co-founder and former CEO of Financial Engines. Based on the work of Nobel laureate William Sharpe, who cofounded the firm, Financial Engines now manages over $115 billion in corporate 401k plans using the capital asset pricing model insights Sharpe developed. Financial Engines originally began as a…Read More

Category: Podcast

10 Tuesday AM Reads

My two for Tuesday very early morning train reads: • Was Benjamin Graham Skillful or Lucky? (Total Return) see also No evidence that financial experts are make better investment decisions (Rich and Co.) • Goldman: This Is How S&P 500 Companies Will Use Their Cash in 2016 (Bloomberg) see also Goldman: The U.S. economic expansion isn’t set to die of old age….Read More

Category: Financial Press

Defining Your Investment Philosophy

Fantastic in depth discussion by my colleague Ben Carlson looking at defining your investment philosophy:   Source: AAII

Category: Asset Allocation, Investing, Philosophy

BIS: Monetary Policy and Financial Spillovers: Losing Traction?

Category: Think Tank

Stop Hyperventilating Over U-6

@TBPInvictus here. Since the economy’s been more or less chugging along like The Little Engine That Could, those with an agenda are having a harder and harder time finding ways to be critical of its performance under Obama. Two of their favorite laments are the Labor Force Participation Rate (LFPR) and the U-6 Unemployment Rate….Read More

Category: Bad Math, Current Affairs, Data Analysis, Economy, Employment

Interest Rates and Inflation

Source: JPM Quarterly Chart Book

Category: Fixed Income/Interest Rates, Inflation

Hedge Funds Cost Pensions $15 Billion in Lost Opportunities

A new report poses an interesting question: “Would public pension funds have fared better if they had never invested in hedge funds at all?” This is a subject we have investigated numerous times. The conclusion of the report confirms our earlier commentary: a small number of elite funds generate alpha (market-beating returns) after fees for their clients…Read More

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

10 Monday AM Reads

Back in NY and ready to jump right into the fray with out hand-curated, morning train reads: • Why Due Diligence Is Broken, and How 18 CIOs Would Fix It (CIO) • The Discovery of Statistical Regression (Pricenomics) see also Playing the Probabilities (Wealth of Common Sense) • The Uberization of Money (WSJ) • Human Cost Rises as Old Bridges,…Read More

Category: Financial Press

Crashes & Terrorists & Sharks – Oh, My!

I created a new presentation on Why Traders & Investors Misunderstand Risk and What They Can Do About It. I gave it a test run this weekend at the conference T3 Live and Todd Harrison put together which was a great event. If I can say so myself, it was very well received. Its tough…Read More

Category: Cognitive Foibles, Investing, Psychology, Think Tank