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Observations from the Mission

(a shot I took from the new CNBC bureau high atop Market Street, overlooking the Ferry Building) Four days in San Francisco seeing our wealth management clients and meeting with prospective clients. It was quite a whirlwind. Ten random observations about the city, in no particular order… 1. The local economy is obviously on fire. Career…

This Week on TRB

View from the new @cnbc San Francisco bureau A photo posted by Josh Brown (@downtownjoshbrown) on May 7, 2015 at 8:59am PDT These were the most read posts on the site this week, in case you missed it:

The Greatest Trick the Devil Ever Pulled

…was convincing investors that volatility and risk were the same thing. This idea that risk cannot truly be measured by looking at volatility (as measured by standard deviation) is well-trod territory in the financial blogosphere so I won’t go into it at length again. But I do feel as though more than half of all…

Bund investors lose 25 years worth of yield in two weeks!

How safe is the “safe” portion of your portfolio? How thirsty were you about piling into safe assets at any price? Unfortunately, a lot of people may soon find out the harsh truth about overpaying for the perceived safety of US Treasurys and German Bunds. I’ll leave out JGBs from this discussion because those are in God’s…

The Smart Questions Clients Ask

How much will your financial advisory services cost me, all-in? What will the additional trading costs be, if any, to implement your strategy? What are the internal expenses of the funds you use, if any? What might the taxes on gains or income look like, on average? Are there costs associated with our transactions that I…

Headed West

Happy Cinco de Mayo! I’ll be celebrating from a preferred seat in economy class (story of my life) as I wing my way out to San Francisco aka The Big Easy. I think. It’s going to be a huge week packed full of meetings with Ritholtz Wealth Management clients and potential clients, some old friends…

Notes from the 2015 Ira Sohn Conference, Part III

Part III! Check out part I and part II in case you missed them! Here’s the conclusion:  *** David Tepper, Founder, Appaloosa Management, L.P. He’s the man, obviously. In case you hadn’t yet read my up close profile of Tepper from the SALT Conference click here and read it: The Apotheosis of David Tepper Bloomberg’s Stephanie Ruhle…

Notes from the 2015 Ira Sohn Conference, Part II

DoubleLine Capital’s Jeffrey Gundlach takes the stage See Part I if you missed it, includes commentary from Leon Cooperman and others! *** Larry Robbins, Founder, Portfolio Manager, and CEO, Glenview Capital Management LLC He’s still bullish on the overall market. “20 years ago, the S&P 500 was selling at 515 and somebody came up on…