I’m an indexer and have been one for more than three decades. I put my clients in the most low-cost and diversified index funds around. No attempts to beat the market with such strategies as Smart Beta. It’s precisely because I’m known for this approach that people are surprised to learn that not only do […]
Archives for January 2021
BlackRock, Morgan Stanley executives are cool to Reddit mania
Finance industry stalwarts are responding to the market mania triggered by retail traders on Reddit. They’re not impressed. BlackRock Vice Chairman Philipp Hildebrand called the phenomenon irrational “nonsense,” while Morgan Stanley CEO James Gorman said those involved are in for a “rude awakening.” “It is not surprising when you think about how much liquidity is […]
The great business story of 2020 that everyone missed
One of the biggest stories of 2020 wasn’t about the pandemic, politics or protests, says Marc Price, CTO of Matrixx Software. It was about private networks or, more specifically, the US Federal Communications Commission (FCC)’s opening up of wireless spectrum that would enable private 5G networks to be deployed by almost any company that had a mind to do […]
Editor’s Column: Private equity – friend or foe?
It was, to some degree, inevitable that private equity firms would turn their attention to UK Financial Planner firms. I’ve been watching the growth of private equity ownership in the UK for many years. Few members of the public realise that huge swathes of the British economy are now owned by private equity, from major […]
The Case for Silver
Peter Boockvar on what looks to become the next It trade on the internet… For some reason the Reddit crowd is chattering about silver. There is this belief that for years the big banks, particularly JP Morgan, have been artificially suppressing its price when all I think their positioning reflected was the other side of […]
Pigs Get Slaughtered, doing the work with Rachel Robasciotti, GameStop short squeeze
Josh’s take on Wall Street changing the rules to squirm out of the GameStop short squeeze plus an epic story from the annals of Wall Street history you’ve never heard before. Then, Josh talks to Rachel Robasciotti, founder and chief executive officer of Adasina Social Capital. Rachel is not just talking about the work – […]
Pension savers withdraw £9.4bn in 2020
Pension savers withdrew £9.4bn flexibly using the Pension Freedoms in 2020, new HMRC data reveals. Despite the huge sum, most pension experts said that pension savers were mostly showing restraint. The figures reveal that so far £42bn has been flexibly withdrawn from pensions since the freedoms were introduced in 2015. The latest HMRC data shows: […]
Why 5G matters in a world of IoT, VR, AR, AI and Edge
When 4G launched, it offered some significant performance improvements over 3G. But with 5G, says Guy Matthews, editor of NetReporter, something far more profound is going on. The doors of possibility have been blown off their hinges. So what lies beyond? With all the buzz that surrounds 5G right now, it is an interesting contrast to look […]
New Covid variants are going to ‘hit us pretty hard,’ says Dr. Peter Hotez
Dr. Peter Hotez, co-director of the Center for Vaccine Development at Texas Children’s Hospital, says that the U.S. is “in for a tough ride” as new Covid variants spread across the country. “Because they’re more transmissible, it means more Americans will become infected, so even though we’ve had a slight decrease in the number of […]
Robinhood is said to draw on bank credit lines amid tumult
Robinhood Markets, the trading app that’s popular with investors behind this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter. The firm has tapped at least several hundred million dollars, one of the people said. The company’s lenders include JPMorgan Chase and […]