Joe Weisenthal has a post up this morning about the awful action in gold these past few years. He posted a chart of gold’s price action from FRED, which I’ve annotated to remind you of something that actually happened exactly three years ago – a moment in time at the end of the summer of…
Joshua M Brown
The latest outrage in a never-ending series: Brokers suing their own customers
Just when I think I can no longer be shocked by the brokerage industry, I come across some fresh depravity, some new and previously unimaginable perversion of the bullshit “suitability” standard that daily permits the misleading sale of horrendously expensive and dangerous products to unsuspecting civilians. What if you were duped into buying into a…
Chart o’ the Day: The Fed’s Latest Economic Projections
Binyamin Appelbaum’s summation of yesterday’s Fed Bonaroo makes it clear that Yellen & Co are in absolutely no rush to raise rates, despite the end of quantitative easing happening in the month of October. The graphic below depicts the Fed’s own projections for where the economy is headed, based on current trends. Fed officials still…
Hot Links: Death by Gold
What I’m reading this morning
modern advice
Cartoon by Harley Schwadron
Eight Lessons From Our First Year
This week marks the one-year anniversary of my registered investment advisory firm, Ritholtz Wealth Management. As co-founder and CEO, I’ve spent the last 12 months learning the process of starting an investment management firm, laying the foundation for sustainable growth, recruiting high-quality staff members, hiring (and firing) vendors and building in-house products and services that are competitive in…
Hot Links: Disrobing the Emperor
Check out this link.
How to Get Mark Cuban’s Money
Mark Cuban popped in for a talk at TechCrunch’s Disrupt San Francisco conference this past week. In addition to explaining why he’s so bullish on chat privacy apps like Cyber Dust, he also explains what it takes to gain his confidence as an investor. The first idea he talks about is arbitrage – meaning there…
Buybacks and Tradebots
Is anyone trading? Not really. Except HFT players and corporate CFOs executing the buybacks that generate their compensation packages. You got a 7%+ gain in the S&P this year on basically nothing and for no reason other than float-shrink initiatives that have zero to do with fundamentals. For every Disney, a company that is truly killing…
Investors: Ritholtz Wealth is Coming to DC!
On October 15th and 16th, my partner Barry Ritholtz and our director of financial planning, Kris Venne, will be in Washington D.C. meeting with clients of the firm. They’ve carved out some time to sit down with prospective clients as well, including a cocktail hour at a place and time to be decided. If you’d like…
