I spend my waking hours thinking about risk. Risk in exchange for reward. Risk adjusted returns. Risk management. Business risk. Concentrated position risk. Counter-party risk. Liquidity risk. Sequence of returns risk. Longevity risk. Career risk. And then after thinking about it, I read some more about it. Then I write about it. Then I talk […]
The new financial advice show on CNBC
People have been saying for years that they wish there was a show on financial television about financial advice. On the network I am an on-air contributor to, CNBC, we do the best job in the world at covering markets and the breaking news that affects stocks, bonds, commodities, companies, workers, investors and traders. But […]
And Now…We Nest!
After the 9/11 attack, and partly as a result of the recession that was already underway before the event itself, the American consumer decided to stay home more. And staying home more led to a desire to improve the home. Or build a better home. Or repaint and refurnish the home. Or plan additions to […]
Unlimited Economic Stimulus
[embedded content] Join Michael Batnick and Downtown Josh Brown for another all-new edition of What Are Your Thoughts? as they discuss: – US stocks just had their best monthly performance in 30 years – what was the catalyst?– Has Warren Buffett’s magic touch faded away? Why Berkshire’s annual shareholder “meeting” was so underwhelming.– Josh got […]
Median vs Average Net Worth in America
What is the Average Net Worth in America? What happens when you break it down by age group and education? [embedded content] Thanks to Nick Maggiulli – you can check out his blog post and charts here.
Student Loans Have Not Stopped Millennial Home Buying
Michael had Logan Mohtashami on The Compound to talk about everything we know right now about the housing market, and how the impact of COVID-19 might play out this year. Logan said something that I think would be considered very provocative in some circles, about how the student loan “crisis” or affordability problem is mostly […]
You can’t invest in GDP
First, here’s a look at the global recovery in stocks since the S&P 500 lows of March 23rd, about a month ago, via some of the most widely used index ETFs… If only people’s lives and businesses had seen a bounce with the same ferocity… Now, my periodic reminder that investing in the stock market […]
No surprise
In early March, I wrote a letter to clients of the firm to get across a very simple, but powerful concept that I wanted everyone to understand: The news will get worse, but its ability to shock us will diminish. Read: “The One Thing We Know For Sure” for more on this. US stocks stopped […]
Why Americans Prefer Real Estate to Stocks
Gallup is out with some new data on American views toward investment markets that I think is worth discussing. Overall, about 55% of US households have some investment in the stock market (through either individual equities or mutual funds), which is unchanged from two years ago but below the peak of 63% from shortly after […]
Change in Electricity Consumption
This is an amazing chart, via Amy Harder at Axios: Driving the news: Those inferences are from new power data tracked by analytics company Innowatts. Since electricity consumption directly correlates to human activity, it offers a window into how businesses are faring as much of the country is locked down. How it works: The chart […]