Successful Investors *Adapt (*or go Extinct)

Dave Nadig of 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.



Secret Tool For Today’s Financial Advisors
Dave Nadig October 08, 2014

Category: Apprenticed Investor, Asset Allocation, Investing

10 Sunday Reads

Good Sunday morning. Pour yourself a cup if coffee, and settle in to feed your brain: • The State of Investment Around the World (Philosophical Economics) see also A Great Ride, but Reality Is Returning (NY Times) • Corporate U.S. Healthiest in Decades Under Obama on Debt (Bloomberg) • Should you fear the October stock-market curse? (Marketwatch)…Read More

Category: Financial Press

Inherent Vice

This looks awesome:     INHERENT VICE, in theaters December 2014. “Inherent Vice,” is the seventh feature from Paul Thomas Anderson and the first ever film adaption of a Thomas Pynchon novel. When private eye Doc Sportello’s ex-old lady suddenly out of nowhere shows up with a story about her current billionaire land developer boyfriend…Read More

Category: Film, Weekend

Nobel Prize-winning economist Robert Shiller talks with WSJ’s Jason Zweig about market valuations and investors’ expectations. (see full article WSJ)


Category: Psychology, Video

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

MiB: BAM’s Larry Swedroe

This week’s Masters in Business Radio show at 10:00 am and 6:00 pm on Bloomberg Radio 1130AM and Siriux XM 119 (it also repeats all weekend). Our guest this week is Larry Swedroe, best known as research director for the BAM alliance, and author of  14  books on investing. You can listen to the show…Read More

Category: Podcast

10 Weekend Reads

Heckuva a week. Settle into your favorite easy chairs, pour yourself a hot cup-o-joe, and reflect on some of the bigger issues with our longer form weekend reads: • Can C.E.O. Satya Nadella Save Microsoft?  (Vanity Fair) • Finding a Video Poker Bug Made These Guys Rich—Then Vegas Made Them Pay (Wired) • How to Read an Annual Report…Read More

Category: Financial Press

Kiron Sarkar’s Weekly Report 10.11.14

The ECB has kept the Eurozone (EZ) afloat to date. However, I can’t help feeling that it is running out of options. A QE programme, involving the purchase of EZ sovereign debt, remains unlikely primarily due to German opposition. The ABS/covered bond purchase programme, combined with the TLTRO’s will help, but will not be enough…Read More

Category: Think Tank

Bill Murray on Howard Stern

Category: Film, Weekend

Succinct Summations of Week’s Events 10.10.14

Succinct Summations week ending October 10th Positives: 1. Despite the recent bout of volatility, the S&P 500 is just under 5% off its all-time highs. 2. The national price of gasoline fell to $3.24, the lowest since December 2013. 3. Initial jobless claims came down to 287k while the 4 week average is at the…Read More

Category: Markets