Joshua M Brown

Jon Stewart Regrets Abusing Jim Cramer

“You begin to believe your own responsibility to ‘get this guy’ – even though that’s complete bullshit….I think the Cramer thing was one of those that negatively impacted me like that because that came out of alchemy but it became such a big deal.” – Jon Stewart on the The Howard Stern Show, 11/18/2014 Jon…

QOTD: Understatement of the Year

  As the United States’ central bank now exits the extraordinary measures it undertook to defeat the financial crisis’s aftereffects – and Europe first wades into the waters of stimulus – it’s worth thinking about the consequences of trying versus not trying to save one’s economy. We did the former, imperfectly but doggedly. Europe went…

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%,…