What People Still Get Wrong About the Great Financial Crisis

10 Things People Still Get Wrong About the Financial Crisis All are the result of bias, ignorance, laziness or bad faith. Bloomberg, September 14, 2018       One of the most intriguing aspects of the 2007-09 financial crisis is how little understanding there is of what actually occurred. Some of this has to do… Read More The post What People Still Get Wrong About the Great Financial Crisis appeared first on The Big Picture.

BBRG: Financial Crisis Killed Hedge-Fund Performance

The Financial Crisis Killed Hedge-Fund Performance The industry never came back from the “Great Reset,” the huge sell-off during the first quarter of 2009. Bloomberg, September 17, 2018     I mentioned last week I was perplexed by the idea that Hedge Funds, who as a group had generated reasonable (but expensive) out performance pre-crisis… Read More The post BBRG: Financial Crisis Killed Hedge-Fund Performance appeared first on The Big Picture.

BBRG: 10 Things People Still Get Wrong About the Financial Crisis

10 Things People Still Get Wrong About the Financial Crisis All are the result of bias, ignorance, laziness or bad faith. Bloomberg, September 14, 2018     Hard to imagine that people — still — get so much wrong about the 2007-09 financial crisis. I created a list of what I believe are the flawed memes, misunderstandings and… Read More The post BBRG: 10 Things People Still Get Wrong About the Financial Crisis appeared first on The Big Picture.

The Kids Aren’t Alright

Millennials Are Sitting Out the Bull Stock Market The financial crisis left scars that have yet to heal. Bloomberg, September 5, 2018       What has happened to the generation of investors that came of age in the middle of the worst financial crisis since the Great Depression? The evidence suggests their experiences scarred… Read More The post The Kids Aren’t Alright appeared first on The Big Picture.

BBRG: Millennials Are Sitting Out the Bull Stock Market

Millennials Are Sitting Out the Bull Stock Market The financial crisis left scars that have yet to heal. Bloomberg, September 5, 2018       What happens to the generation of investors who comes of age in the middle of the worst financial crisis since the Great Depression? On the 10th year anniversary of the… Read More The post BBRG: Millennials Are Sitting Out the Bull Stock Market appeared first on The Big Picture.

What Does the Longest Bull Market Mean? A Debate

What Does the Longest Bull Market Mean?: Kaissar vs. Ritholtz The run for stocks is now in the record books. So what? Bloomberg, August 23, 2018     There’s lots of disagreement about whether the current bull market in stocks is now the longest in history. Bloomberg Opinion columnists Nir Kaissar and Barry Ritholtz recently… Read More The post What Does the Longest Bull Market Mean? A Debate appeared first on The Big Picture.

Bloomberg: One Big Reason to Doubt Tech Has a Liberal Bias

One Big Reason to Doubt Tech Has a Liberal Bias Above all, Silicon Valley’s denizens are capitalists and don’t want to alienate potential customers. Bloomberg, August 27, 2018.       We had some friends over for some swimming and a barbecue this weekend. She works in information technology, he is an insurance lawyer. They have… Read More The post Bloomberg: One Big Reason to Doubt Tech Has a Liberal Bias appeared first on The Big Picture.

Report Earnings Daily

Reporting Profits Daily Would End Corporate Short-Termism Think there’s too much hoopla about quarterly earnings? Imagine if the circus moved to twice a year Bloomberg, August 20, 2018       Want to end corporate short-termism and all the heavy breathing that comes with quarterly earnings reporting? Then report results daily. The excessive focus on… Read More The post Report Earnings Daily appeared first on The Big Picture.

Bloomberg: Don’t Bet on a Market Crash If Trump Gets Ousted

Don’t Bet on a Market Crash If Trump Gets Ousted Based on the past, major political events don’t have much effect. Bloomberg, August 24, 2018     Even by this president’s tumultuous term, this week saw a whole new level of political volatility 1  So much so that it appears President Trump is a getting… Read More The post Bloomberg: Don’t Bet on a Market Crash If Trump Gets Ousted appeared first on The Big Picture.

Bloomberg: What Does the Longest Bull Market Mean?: Kaissar vs. Ritholtz

What Does the Longest Bull Market Mean?: Kaissar vs. Ritholtz The run for stocks is now in the record books. So what? Bloomberg, August 23, 2018     There’s lots of disagreement about whether the current bull market in stocks is now the longest in history. Bloomberg Opinion columnists Nir Kaissar and Barry Ritholtz recently met… Read More The post Bloomberg: What Does the Longest Bull Market Mean?: Kaissar vs. Ritholtz appeared first on The Big Picture.

Bloomberg: Daily Profit Reporting Would End Short-Termism

Daily Profit Reporting Would End Short-Termism . Bloomberg, August 20, 2018     Want to Make Earnings Great Again?  Report them daily. My column at Bloomberg today looks at that issue. Ever since President Trump proposed that the SEC “consider allowing public companies to share information with investors less often,” i.e., 2X per year, I have been… Read More The post Bloomberg: Daily Profit Reporting Would End Short-Termism appeared first on The Big Picture.

Death of Active Management Has Been Greatly Exaggerated

Active Money Management Isn’t Dead Yet There are five niches that should survive Bloomberg, August 13, 2018       There’s a line of argument in the financial press that suggests that active money management is dying, a victim of high fees and underperformance versus low-cost indexing that captures average market returns.1 Newsflash: This is… Read More The post Death of Active Management Has Been Greatly Exaggerated appeared first on The Big Picture.

Bloomberg: Index Funds Will Be OK Confronting Cruel Markets

Index Funds Will Be Fine Confronting Cruel Markets The claim that passive investors will suffer more in an equity slump doesn’t hold up. Bloomberg, August 15, 2018       This past week, I came across such an odd column about index funds in the Times of London — “The risks of passive funds will be… Read More The post Bloomberg: Index Funds Will Be OK Confronting Cruel Markets appeared first on The Big Picture.