Another Lying Paper Trader

I’m not going to spend a lot of time on this Teen Trader story where a high school junior from Queens, New York conned a bunch of journalists into believing he’d made $72 million in profits speculating in the stock market on his lunch hour. Anyone who’s spent even a few years in the market…

Chart o’ the Day: Don’t “Invest” in Stupid Sh*t

The chart above comes from Matt Phillips at Quartz and is a good reminder of why you shouldn’t invest in stupid sh*t. Obviously any asset can decline in price – blue chip stocks, your house, etc – nothing is immune. But don’t go out looking for additional trouble when the world is perfectly capable of…

RIAs Will Take a Third of the Wealth Management Biz by 2018

Investment News: …the RIA channel is likely to control some 28% of the market by 2018, according to research firm Cerulli Associates. The RIA channel, which comprises approximately 15,800 firms managing $2.4 trillion in assets, currently manages some 19.8% of retail investor assets and represents 18.6% of adviser headcount, according to Cerulli. The research firm…

Deep Bench Links

No linkfest this morning as I’m scrambling to take care of 90 different things at once. I do have one that you should check out – Joseph Cotterill explains why, no, this is not 1998 all over again for Russia at FT Alphaville. Thankfully, the financial web has a deep bench with lots of curation…

Peter Boockvar: Dear Federal Reserve…

Peter has something to get off his chest. Posted in full with his permission, an open letter to the Fed. Hope you enjoy! – JB *** Dear Federal Reserve: As we approach your last get together of the year I first want to wish you all great holidays and a happy and healthy new year. I…

Investment Fads and Themes, 1996-2014

Another year in the books and I’ve updated my Investing Fads and Themes by Year guide accordingly. It begins with 1996 because that was my first summer working on The Street and my earliest exposure to the market. I do this every December because I agree with the eminent philosopher Bob Marley in that “If you know your history,…