Joshua M Brown

When one door closes…

“When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” – Alexander Graham Bell The prevailing wisdom on QE in Policy Bear circles has been that the Fed was” trapped” and could never exit QE…

Chart o’ the Day: Massive, Misinformed Pessimism

Quartz takes some recent survey data from around the world and lets us know which countries are the most ignorant about their own social situations. Overall, Americans are the second most clueless, led only by the Italians, who must get their news from Mars. Here’s a look at each country’s citizens estimating their own nation’s…

20 Key Takeaways from Stocktoberfest 2014

I’m back in New York after an amazing few days out at Stocktoberfest 2014 on Coronado Island in San Diego. Yesterday, I talked about the convergence between technology startup-ism and Big Finance that’s become so apparent. Today, I’ll relay 20 key takeaways from the event: 1. Early stage tech guys talk about the startups they…

Bridging the Divide Between Finance and Technology

Coronado is an island divided. On the one hand, it’s a historic seaside resort town – all spanish-style rooftops and turn-of-the-century Queen Anne-accented architectural flourishes. On the other hand, it’s a Naval base and the centerpiece of an eight-installation military presence spanning the coast of SoCal. Tourists frolic in the Pacific ocean as heavy-duty aircraft criss-cross…

Higher Income Earners Got Better Investing Advice

The Wall Street Journal has a fascinating story up today about how only the top ten income-earning households were able to hang onto their stock portfolios and ride the rally these past few years. As a result, the wealth gap widened even further as the bottom 90% had no skin in the game by the…

LOL @ Interest Rate Forecasts

That doozy of a quote about “modifying” a forecast with two months left in the year comes from Tom Lauricella’s WSJ on how wrong the bond bears have been on 2014 rates. I’m not sure it should still be called a forecast at all. I am reminded of Inigo Montoya’s admonition, “You keep using that…

Working Vacation

Coronado Island does not suck. I’m out at the Hotel Del Coronado once again – one of my favorite places in America – for my friend Howard Lindzon’s Stocktoberfest jamboree. This is my fourth or fifth appearance at the event, I almost never miss it. Over the next two days, I’ll be hanging with and…