It’s impossible to escape the mania. By this point, literally everybody is talking about it. Friends, family members, customs agents, cats, and obviously, Uber drivers. If you own bitcoin or any of the other cryptos that are making those of us who don’t feel foolish, good for you. For the rest of us, we’ve got…

Here are links to topics we discussed on the show. People aren’t having babies Automation may wipe out 1/3 of America’s workforce by 2030 Solar prices are crashing Animal Spirits is a collective state of mind.  Goldman’s Primer on Blockchain is very good.  The implosion in early stage VC Fred Wilson’s take Goldman warns on…

December has historically been a good time to own stocks. Over the last 91 years, the S&P 500 has averaged a 1.7% return, compared to a 0.9% gain for all other months, not an insignificant spread. So what do we do with this information? 2017 is the twenty-seventh time that the S&P 500 has been…

Could today have been a more obvious “sell the news event?” Of course it wasn’t obvious to me in the morning, and if we closed at the highs I wouldn’t be writing this, but come on. Could this have been any more obvious? The S&P 500 fell 1% from its highs, and closed down a…

Articles Somebody is making very active decisions about which stocks will be in each index or ‘passive’ product. By Tracy Alloway Just like Friendster gave way to MySpace which gave way to Facebook we will likely see many iterations of these coins over time By Cullen Roche The way we measure inflation matters By Barry…

Why Bitcoin Matters Coinbase has more accounts than Schwab Bitcoin surges past $9,500 This poll is incredible. Poll Results: higher the price of Bitcoin, less people believe it's a bubble, more people believe it's undervalued. pic.twitter.com/zxYIr6S7kV — Charlie Bilello (@charliebilello) November 22, 2017 New managers and career risk. Ok, I have something to get off…

Netflix, Facebook and Amazon are each up 60% in the first 11 months of the year. Apple, is up 50%. Google, the laggard, is up just 34%. These five stocks have added over $900 billion in market capitalization in the first eleven months of the year. The tech-heavy index, of which these companies represent one…

Articles No invention has been more disruptive to the asset-management industry in the last quarter-century than the exchange-traded fund. With Crystal Kim Dave Nadig, Barry Ritholtz, Corey Hoffstein, and Ben Fulton Systematic, rather than faith-based. By Phil Bak So are all liquid alternative funds bad? By Jeremy Schwartz Staying cheap is not hard. Staying number…

My first job out of college was working in a sales role at an insurance company. They liked to think they were doing holistic wealth management, but all that meant was once all your insurance needs are filled, they could also sell you a financial plan and sprinkle in some mutual funds. It’s easy to…

On today’s show, Ben and I speak about how career risk creates inefficiencies in the market, signs of froth, the Vanguard of alternatives, and ETF price wars. Links to articles discussed below. AQR: The Vanguard of Alternative Investing Asness Says Active Management, Not Passive, Is Too Big Small IPOs are Dying Why Vanguard Isn’t Freaking Out…