I’m in a deli outside of Columbia University right now, killing a bit of time before lecturing a room of 400 students on entrepreneurship. This should be fun / weird. I was going to say a few things about today’s Alibaba IPO here but then I thought, “What’s left to say that anyone hasn’t already…

via Joseph Ciolli at Bloomberg News: Four of the five largest companies to list on U.S. exchanges plunged more than 17 percent in the year after going public, the CHART OF THE DAY shows. The exception, Visa Inc., soared 28 percent raising $19.7 billion in 2007. Alibaba, set to be the biggest IPO in U.S….

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…

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…

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…

Cartoon by Harley Schwadron

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…