BBRG: SEC’s New ‘Best Interest’ Rule Is Far From Best for Investors


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SEC’s New ‘Best Interest’ Rule Is Far From Best for Investors The brokerage industry has again skirted the need to put investors first. Bloomberg, June 24, 2019.         The past decade has seen a big shift in how investors put their capital to work. The rise of indexing has gone through several…

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10 Monday AM Reads


This post is by Barry Ritholtz from The Big Picture


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Welcome to Summer! Kick it iff with our morning train reads: • Interest Rates Around the World Are Coming Down. What Investors Need to Know. (Barron’s) • Welcome to the Age of Surveillance Capitalism (Bloomberg) • The Boomers Ruined Everything: The mistakes of the past are fast creating a crisis for younger Americans. (Atlantic) •…

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Bloomberg Brexit Barometer


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Three years after Britain voted (June 23, 2016) to leave the European Union, warning signals for the U.K. economy are finally beginning to flash red. That’s a change. Until last December, forecasts of major disaster had largely been proven wrong   Source: Bloomberg   How the Bloomberg Brexit Barometer has fared since the referendum Source:…

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Transcript: Chris Brightman


This post is by Barry Ritholtz from The Big Picture


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  The transcript from this week’s MIB: Chris Brightman, Research Affiliates’ CIO, is below. You can stream/download the full conversation, including the podcast extras on Apple iTunes, Bloomberg, Spotify, Google Podcasts, Overcast, and Stitcher. All of our earlier podcasts on your favorite host sites can be found here.   ~~~   This is Masters in Business with Barry Ritholtz…

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Transcript: Chris Brightman


This post is by Barry Ritholtz from The Big Picture


Click here to view on the original site: Original Post




  The transcript from this week’s MIB: Chris Brightman, Research Affiliates’ CIO, is below. You can stream/download the full conversation, including the podcast extras on Apple iTunes, Bloomberg, Spotify, Google Podcasts, Overcast, and Stitcher. All of our earlier podcasts on your favorite host sites can be found here.   ~~~   This is Masters in Business with Barry Ritholtz…

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10 Sunday Reads


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My easy like Sunday morning reads: • Changing the Ratio (Reformed Broker) • How Pimco Is Trying to Change The World (Barron’s) • Live Rich, Die Poor (A Teachable Moment) • Your Professional Decline Is Coming (Much) Sooner Than You Think (The Atlantic) • Don’t Bet Your Retirement on a Fake (insurance) Track Record (Bloomberg)…

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Do’s and Don’ts


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From the Lefsetz Letter   Don’t feel bad that you don’t know what’s going on, today no one knows what is going on. Do ignore the trolls, what they’re looking for is a reaction, and once you give it to them they’re not only satisfied, they’re encouraged and double-down. Don’t assume you’ve got all the…

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MIB: Chris Brightman, Research Affiliates’ CIO


This post is by Barry Ritholtz from The Big Picture


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This week, we speak with Chris Brightman, chief investment officer and partner at Research Affiliates (RAFI). He was a member of the Investment Fund for Foundations (TIFF), the Virginia Retirement System, the University of Virginia Investment Management Company, and Strategic Investment Group. Previously, Brightman ran money for the University of Virginia endowment. As he explains.…

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10 Weekend Reads


This post is by Barry Ritholtz from The Big Picture


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The weekend is here! Pour yourself a mug of Trader Joes French Roast coffee, grab a seat on the boat, and get ready for our longer form weekend reads: • There’s a Legal Loophole That May Leave Some of Rock’s Greatest Riffs Up for Grabs (Bloomberg Businessweek) • How Oxford university shaped Brexit — and…

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10 Weekend Reads


This post is by Barry Ritholtz from The Big Picture


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The weekend is here! Pour yourself a mug of Trader Joes French Roast coffee, grab a seat on the boat, and get ready for our longer form weekend reads: • There’s a Legal Loophole That May Leave Some of Rock’s Greatest Riffs Up for Grabs (Bloomberg Businessweek) • How Oxford university shaped Brexit — and…

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Succinct Summations of Week’s Events for 6.21.19


This post is by Barry Ritholtz from The Big Picture


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Succinct Summations for the week ending June 21st, 2019 Positives: 1. Markets continued their rally, adding 3 percent for the week. 2. FOMC did not think the economy was soft enough to warrant a rate cut. They left the Federal funds rate target level unchanged at  2.25% – 2.50%. 3. Same store sales rose 5.4%…

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Succinct Summations of Week’s Events for 6.21.19


This post is by Barry Ritholtz from The Big Picture


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Succinct Summations for the week ending June 21st, 2019 Positives: 1. Markets continued their rally, adding 3 percent for the week. 2. FOMC did not think the economy was soft enough to warrant a rate cut. They left the Federal funds rate target level unchanged at  2.25% – 2.50%. 3. Same store sales rose 5.4%…

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This Is Not A Drill


This post is by Barry Ritholtz from The Big Picture


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How to Invest and Profit in the Next Recession A slump is likely in the next year or so. There are ways to prepare for it. Bloomberg, June 17, 2019     Ever since the Great Recession ended in June 2009, investors have been treated to a stream of forecasts warning that another slump is…

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10 Friday AM Reads


This post is by Barry Ritholtz from The Big Picture


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My end of week morning train reads: • How Green Is My Bond? (CIO) • Slack: A short history (Andreessen Horowitz) • What’s Wrong With Modern Buildings? Everything, Starting With How They’re Made (Bloomberg) • Humans cannot bear too much reality, have evolved a method of coping with all this complexity: we lie to ourselves…

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1972 Ferrari 246 Dino GT


This post is by Barry Ritholtz from The Big Picture


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The gorgeous mid-engined, two-seat Dino was introduced in 1967 as the 206GT. The Dino’s beautiful body was designed by Pininfarina and produced by Scaglietti. The early versions featured an all aluminum bodywork and aluminum engine block. Once they began producing the car in volume, the bodies were made in steel and the engine block was…

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1972 Ferrari 246 Dino GT


This post is by Barry Ritholtz from The Big Picture


Click here to view on the original site: Original Post




The gorgeous mid-engined, two-seat Dino was introduced in 1967 as the 206GT. The Dino’s beautiful body was designed by Pininfarina and produced by Scaglietti. The early versions featured an all aluminum bodywork and aluminum engine block. Once they began producing the car in volume, the bodies were made in steel and the engine block was…

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Bethany McLean on Making a Killing


This post is by Barry Ritholtz from The Big Picture


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Legendary financial journalist and author Bethany McLean launches her new podcast, Making a Killing, and she’ll be interviewing writers who’ve done outstanding pieces covering the markets, technology companies, scandals, trades and all the rest of the topics she’s covered for such outlets as Fortune and Vanity Fair. Bethany stopped by the Compound this week to…

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Assume Nothing; Question Everything; Verify All


This post is by Barry Ritholtz from The Big Picture


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  “The market can remain irrational longer than you can remain solvent.” –Not John Maynard Keynes     I am reading a pretty good book by an industry expert that (like so many others) is a semi-autobiographical mix of business and personal history. The introduction to the book is a broad, throat-clearing exercise, outside of…

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