Think of investing in emerging markets (EM), and one tends to think of commodities, and therefore the U.S. dollar. That may have been true previously, but it is no longer the case today. Commodities now account for only 15 percent of EM economies, down significantly from just a decade ago. Manufacturing and technology have grown… Read More The post MIB: Not your Grandfather’s Emerging Markets appeared first on The Big Picture.
The transcript from this week’s MIB with Lazard’s James Donald is below. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Soundcloud. Our earlier podcasts can all be found on iTunes, Soundcloud, Overcast and Bloomberg. ~~~ ANNOUNCER: This is Masters in business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST: This week on the podcast I… Read More The post Transcript: Lazard’s James Donald appeared first on The Big Picture.
This week, we sit down Lazard Asset Management’s James Donald, who serves as head of its Emerging Markets Equity team. He serves as managing director, portfolio manager/analyst. He joined Lazard in 1996, and has been instrumental in developing and coordinating its emerging-markets activities. Previously, he was a portfolio manager with Mercury Asset Management. Donald explains… Read More The post MIB: Lazard’s James Donald appeared first on The Big Picture.
Very interesting line up today at the MIT Sloan Investment Conference. I will be moderating two very fascinating panels: • The Search for Value • Crypto Investing The full agenda, including all of the panel participants, is here. Swing by and say hello ! The post Today! MIT Sloane Investment Conference appeared first on The Big Picture.
Pick Another Day to Celebrate the Bull Market’s Birthday Yes, the lows were on this day in March 2009. But the next four years were just the recovery from a huge collapse. Bloomberg, March 9, 2018 On this day in 2009, the major stock-market indexes closed at lows not seen in more than a… Read More The post Bull Markets Can’t Start Until Bear Markets End appeared first on The Big Picture.
Michael Batnick, research director at Ritholtz Wealth Management, sits down with Bloomberg’s Scarlet Fu, Eric Balchunas and Rachel Evans to discuss allocations during volatility, the Federal Reserve’s rate path and the buildup in smart-beta ETFs. How the Fed’s Rate Path Affects ETFs click for video Source, Bloomberg, March 7th, 2018, 6:23 PM EST … Read More The post Batnick: Allocations During Volatility appeared first on The Big Picture.
This past December, we announced RWM had opened a new office in Newport Beach, California, with advisor Gary Pulford (Gary is a specialist in Trust & Estate issues). It is a unique and beautiful part of the world, and our new offices are not far from the Evidence Based Investing conference we host each June… Read More The post RWM Crew is Coming to California! appeared first on The Big Picture.
Via Credit Suisse Meb Faber’s Idea Farm reminds us that the Credit Suisse Global Investment Returns Yearbook 2018 should be oin your reading list. It is chock full of wonderful charts and tables and notes. Two images struck me as so very insightful and revealing. The first is the relative sizes of world stock… Read More The post Global Assets, 1900 – 2017 appeared first on The Big Picture.
This is utterly fascinating. Stay with it, towards the second half about how laws are — quite literally –different for the wealthy: What’s It Like To Be Rich? Ask The People Who Manage Billionaires’ Money Source: NPR See also: Capital without Borders: Wealth Managers and the One Percent The post Hidden Brain: The Rich Are Different . . . appeared first on The Big Picture.
Source: GMO via Idea Farm Of all the things that investors do, the selection, hiring and firing of managers is simultaneously the most important and yet perhaps the thing most investors are least equipped to do. I was reminded of that when I saw the chart above, via Ben Inker of GMO. If you look… Read More The post Hiring and Firing Talented Asset Managers appeared first on The Big Picture.
Charlie Munger, Vice Chairman of Berkshire Hathaway, joins Michigan Ross Dean Scott DeRue for a conversation about Mr. Munger’s life, career journey, philanthropic legacy, and his thoughts on a few current global trends. Recorded Nov 30, 2017 in Los Angeles as part of an event for alumni of the Ross School of Business at… Read More The post A Conversation with Charlie Munger appeared first on The Big Picture.
One Question Investors Should Ask Now and Then The answer might reveal flaws in your thought processes. Bloomberg, February 16, 2018 How committed are you to a belief system? Answering that question has the potential to reveal flaws in our thought processes about many things, from politics to economics to cultural issues. Whether… Read More The post Updating Your Beliefs When Faced with Contrary Evidence appeared first on The Big Picture.
Match the comment with the President who said them (bonus points if you can judge if the advice was good or bad): President: A) Lyndon Johnson B) Richard Nixon C) Ronald Reagan D) Gerald Ford E) Jimmy Carter F) George H.W.Bush G) Bill Clinton H) George W. Bush I) Barrack Obama J) Donald Trump Comment:… Read More The post Quiz: Presidential Stock Market Comments appeared first on The Big Picture.
Very interesting discussion from Mohamed A. El-Erian, who gives these three bulleted lessons investors should be learning from the current shift in volatility: 1. Long periods of market calm create the technical conditions for violent air pockets. 2. Crowded trades can be a lot more unstable than most investors expect. 3. During market turmoil, investor… Read More The post El-Erian: Lessons for Investors in Turbulent Markets appeared first on The Big Picture.
On today’s show: Michael Batnick of Ritholtz Wealth Management explains why the last few days in the stock market were normal market behavior. Also: Why the stock market drop is good for lots of people, and largely irrelevant for even more. Dow De Ching Source: NPR Consider Stock Market Activity In Context… Read More The post Planet Money: Dow De Ching appeared first on The Big Picture.
“Bernie is the poster boy for a world where deregulation is the rule…” -Steve Fishman, Ponzi Supernova From Reveal News, comes this very interesting podcast on Bernie Madoff: Bernard Madoff may be a fading memory from the past, but for reporter Steve Fishman, the fallen financier’s story holds lessons for today. Madoff masterminded… Read More The post How Safe Are We From the Next Ponzi Scheme? appeared first on The Big Picture.
I sat down at NPR with Roben Farzad to discuss everything from bitcoin to investor psychology to what investors should be doing. Hear it at iTunes, NPR, Stitcher or Soundcloud. Here is the description: Barry Ritholtz, founder and CIO at Ritholtz Wealth Management, on markets, risk aversion, AmazonBerkshire Health …. and maybe even a little… Read More The post Full Disclosure: Puttin’ On the Rit appeared first on The Big Picture.
Source: Safalniveshak Daniel Kahneman: “If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It’s the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you’ll be miserable.” Good stuff from Safal .… Read More The post What You Control appeared first on The Big Picture.