Joshua M Brown

This Week on TRB

Cartoon by Gary Varvel, Indianapolis Star These were the most read posts on TRB this week, in case you missed them…

Howard Marks: Lessons Learned from the Oil Crash

From a brand new memo by Howard Marks (Oaktree) – his takeaways from the latest boom/bust on everyone’s radar and how we’ve reacted to it: In part the emotional reaction to negative developments is the product of surprise and disillusionment. Part of this may stem from investors’ inability to understand the “fault lines” that run…

Yellen Finishes 2014 with a Win

They said the Fed couldn’t taper without massive market dislocations. They said the Fed was “trapped” and “backed into the corner” and “behind the curve” or that there no longer was a curve anyway – just endless helpings of stimulus and no benefit accruing to the economy whatsoever. In the meantime, the FOMC has now removed…

Don’t Be a Cuba Muppet

It’s really wonderful to see President Barack Obama normalizing relations between Cuba and the United States after fifty years of Soviet-instigated animosity that is totally irrelevant in today’s day and age. I believe it will be great for the Cuban people and their stateside family members, as well as for businesses in Florida and intrepid business…

What Investment Success Looks Like To Me

“To me, success for individual investors means they’re able to tie their current assets to their future liabilities in such a way that they can do all the things they want to do in retirement and beyond. It’s not a dollar figure or an asset allocation. It’s that an investor can spend the money on…