Joshua M Brown

This Week on TRB

(Financial journalism and investing panel, the Charlie Rose Show 11/18) These were the most read posts on the site this week, in case you missed them:

The Jerry Maguire of Morgan Stanley

“Fact: The wire houses can not grow their market share in the retail investment market. Stagnant at best and at worst contracting, the situation calls for objective, fresh thinking. Stagnation has led to a system of organized bribes amongst wire houses just to keep their most desirable producers and to attract the most desirable producers…

Why We Educate Our Clients

The history of Wall Street wealth management as we know it today starts during the ramp up to World War I. The Defense Department needed a enormous source of funds and they decided that US war bonds were the best way to go – but how to sell them? That’s when the relatively obscure denizens…

Nick Colas: Ten Signs You’ve Been on Wall Street Too Long

Nicholas Colas pens an opus this morning, out of nowhere. He’s clearly feeling introspective today… *** After 30 years in and around Wall Street, I feel like damaged goods.  That’s not necessarily a complaint, but rather a simple and factual observation.  An example to illustrate the problem: I have mental stop losses for just about…

QOTD: Caveat Emptor, Millionaires

Can millionaires fend for themselves? Nope. I see too many brokerage statements that tell me otherwise, hear too many stories to the contrary, have met too many financial salespeople and have seen them in action. I don’t care if we’re talking about doctors, lawyers, real estate professionals or rocket scientists – in the end, there…

A Global Explosion in Ultra High Net Worth Individuals

UBS and Wealth-X are out with a massive, 53-page report on the state of the global ultra high net worth (UHNW) population in 2014. The broad strokes of what’s gone on can be observed in the below table: What should jump out at you: * While the total population of UHNW people grew by 6%,…

Vanguard Takes a Victory Lap: 86% of its Stock Funds Beat the Peer Group

Ordinarily, when a money manager breaks the trillion-dollar mark, its only a matter of time before people start saying they’ll never be able to keep up the performance that got them there. Vanguard has broken $3 trillion and the wins keep coming. It helps that, aside from reducing tracking error, the funds aren’t really trying…

Yeah I Said It.

“We’re going to disrupt the financial services industry!” How? “Making everything free!” But then how will YOU make money? “On our IPO!” — Downtown Josh Brown (@ReformedBroker) November 19, 2014

Jobless Claims Below 300,000 for Tenth Straight Week

Reuters: The number of Americans filing new claims for unemployment benefits fell less than expected last week, but continued to point to strengthening labor market conditions. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 291,000 for the week ended Nov. 15, the Labor Department said on Thursday. The labor market continues…

NYC Open House: December 8th – 12th

We’re having an open house at our New York City offices next month for investors who’d like to meet with us or learn more about what we do. Details below via Barry: If you are interested in discussing about your personal financial circumstances, meeting with us, or simply hearing our views, give us a shout. Send…