I’m off the grid today, attending an amazing event on Central Park West called the Bloomberg Markets 50 Summit at the New York Historical Society. The agenda is loaded with hitters and newsmakers, a sampling below: David Malpass Cliff Asness Preet Bharara (US Attorney) Mary Jo White (SEC Chief) Jim Chanos Sally Krawcheck Jacob Lew…

Today’s must-read article belongs to Steve Johnson at the Financial Times, who concludes that institutions have wasted billions of dollars on the advice of manager-picking consultants. Picking investment managers is neither art nor science, it is something else entirely and, in the aggregate, it cannot really be done over long stretches of time. At least…

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My team got a ton of press this past week upon our announcement of Ritholtz Wealth Management. It was really nice to see the story catch on and we certainly appreciated the fanfare. A brief sampling below: Ritholtz, Brown launch RIA firm with five advisers (Investment News) Barry Ritholtz and Josh Brown launch wealth-management firm…

Why has the stock market been marking the first day of spring and fall with a directional turning point every year? I’m not sure if this is a pattern that many people have noticed. Consult your nearest Druid high priest for an answer, I’m stumped. You crazy for this one, Chris! (click to embiggen!) Source:…

The case against allocating investable assets toward Africa is fairly obvious and reminders can be found weekly in the world news section of every newspaper in America. The case for Africa, however, will one day become the more talked about side of the issue, with the requisite animal spirits that always accompany new market “discoveries”….

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I have to start getting ready for Saturday night dinner, I’m told. We’re eating on the North Shore for a change 😉 The thing is, I don’t believe I’ll be able to comply with most of the rules. For the uninitiated, Long Island’s North Shore is a nebulous region above Northern BLVD (or the Long…