Having a Bad Day? Think of Ronald Wayne . . .
I’ll have more on this tomorrow, but its a fascinating story: April 12, 1976
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I’ll have more on this tomorrow, but its a fascinating story: April 12, 1976
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Source: Washington Post
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The biggest source of fresh cash in American equities isn’t speculators or exchange-traded funds — it’s companies buying their own stock, by a 6-to-1 margin. —Bloomberg News, March 2015 There’s been a lot of chatter about stock buybacks the past few years. Some people believe share repurchases are propping up the market; others…
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The days get longer and warmer, let’s see if the markets do as well. Here are our Green-jacketed morning train reads: • How Come It’s Still Harder to Become a Hairdresser than a Financial Adviser? (MoneyBeat) • Trading Costs & The New Market Averages (Wealth of Common Sense) • The world has too many workers. Here’s one way to fix…
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I like this observation from Savita Subramanian of BAML: Eighth-biggest intra-quarter reversal in history With the S&P 500’s 10% drop and 13% rally off the lows, 1Q16 saw the eighth-biggest reversal in the past 350+ quarters. Q1 was a tale of two halves, ending with the S&P 500 lagging Gold and bonds, but beating cash…
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My easy-like Sunday morning reads: • Social Media: The Cornerstone of Financial Firms in the 21st Century (CFA Institute) • Are Private Equity Returns Overstated? (A Wealth of Common Sense) • Millennial Employees Confound Big Banks (WSJ) • Need to Hide Some Income? You Don’t Have to Go to Panama (NYT) • The US government has a $20.4 trillion retirement…
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Really? Another FN Death Star?
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What are the chances of a recession? Not what you’d think. Barry Ritholtz Washington Post, April 3 2016 For at least five years, we have been hearing that the United States is on the verge of slipping into a recession. Of course, it hasn’t — and probably won’t anytime soon. I’d like to…
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This week on our Masters in Business podcast, we speak with Keith Ross, chairman and CEO PDQ Enterprises, a Dark Pool and ATS firm specializing in unique inverse auctions for institutional trading. Previously, he ran Getco, one of the largest HFT forms (Getco was sold to Knight Trading last year for $1.4B). In our conversation, we…
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Pour yourself a mug of French Roast, and settle into your favorite easy chair, and get ready for our longer-form weekend reads • Jamie Dimon on Finance: “Who Owns the Future?” (BloombergMarkets) • Alpha or Assets: Strategies should be built for alpha, not scale—but the asset management industry has gone in the opposite direction. (Investor Field Guide) • The…
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Ben L’Oncle Soul – SevenNationArmy live
TV-Mittschnitt OneShotNot, Cool!
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Succinct Summations for the week ending April 8th 2016 Positives: ISM Non-manufacturing index came in at 54.5, up from 53.4 previously. New jobless claims fell to 267k, down from 276k previously. The MBA mortgage composite index rose 2.7% w/o/w. Bloomberg’s consumer comfort index held steady at 42.6. PMI services index came in at 51.3, a…
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Interesting — not sure what meaning it has, if any: Source: Bloomberg
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Source: Washington Post
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Interesting week! Finish it strong with the finest morning train reads in the land: • Dimon at the Bat for Big Banks (Gadfly) • Losing Money (AVC) • Why Bull Markets Make Everyone Miserable (Reformed Broker) • 9 Seinfeld GIFs Help Explain “Fidicuciary” Rule (House Committee on Financial Services) • How the U.S. became one of the world’s biggest tax…
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With 2 cars coming off lease next month, I was looking for an all wheel drive 5 passenger vehicle that had to do 4 things: 1) Make it up my driveway in the winter; 2) Have room for the 2 hairy beasts to fit in the back seat; 3) not drive like a truck; 4)…
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I spend an hour discussing all sorts of really fascinating topics with Pete Dominick; its satellite, so there is the occasionally NSFW word here and there. Fiduciary standards, retirement accounts, and why things are looking better Why a modern 2 party system requires 2 scientific literate rational parties (we don’t have that)
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Nothing like a map to give you a global perspective on where interest rates are on a country by country basis:
Source: Bloomberg
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In 1912, the U.S. Chamber of Commerce was created at the behest of President William Howard Taft as a business counterweight to the growing labor movement. To say it was a success is an understatement. While organized labor has languished, the Chamber has become the single largest lobbying organization in the country. According to Open…
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My Brooklyn sourced, gluten-free, organic morning train reads: • What Do Share Buybacks Really Tell Us About the Stock Market? (Wealth of Common Sense) • Conflict of Interest Rule Could Save Americans Billions in Retirement: Fiduciary standard will force brokers to do what’s best for clients instead of looking out for themselves (Bloomberg) but see Wall Street Dodged a…
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