Market Moment: Dolan Family Tries to take Cablevision Private

Today in market history 2007, after repeated attempts, the Dolan family reaches an agreement to take company Cablevision private for $10.6 billion. In October, Cablevision shareholders rejected the bid for $36.26 per share. The stock would drop to the low 20s by year end as the Financial Crisis took hold. Charles Dolan founded Cablevision in…

A Great Career for Moms

I attended a baby shower last weekend and found myself immersed in conversation with a grandmother about the challenges of her daughter’s high powered medical career. Her daughter is a mother of two young children, ages 5 and 5 months. Her first child was born during an intense fellowship for pediatric surgery, a program that…

Tax Refunds – The Ultimate Behavioral Finance Lesson

65% of individual taxpayers received a tax cut last year, according to the Tax Policy Center. Only 6% saw a tax increase, and the remainder saw little or no change in their tax bill. This tax season, I read article after article about taxpayers distraught over smaller refunds. Most taxpayers owed less tax in 2018,…

Voice – The Future of the Internet

You may have read or heard our CEO, Josh Brown, declare voice the future of the internet. I agree with him. I already ask Alexa to turn off my lamps and tell me the news and weather. I love listening to podcasts and taking calls with my AirPods, and I wish Siri was better integrated…

Perception versus Reality

How does the world perceive financial advisors? I got a taste of what people really think about the financial advice industry recently. I asked a panel of professional women (an accountant, a surgeon, and a lawyer) at a conference why women are choosing their professions in higher numbers but not financial services. The surgeon’s answer…

Recap of CFA Wealth Management

I spent two days earlier this week in Ft. Lauderdale with more than 300 advisors for the CFA Wealth Management conference.  Last year, I stepped in at the last minute as the moderator of the conference in Los Angeles. I was honored to receive the call to return as co-moderator this year, sharing the responsibility…

The Yield Curve Inverted, but You’re Telling Me This Time is Different

Last Friday, the yield curve for U.S. Treasuries inverted. Three-month T-Bills had a slightly higher yield (2.46%) than 10-Year Treasury bonds (2.44%). That sounds crazy because it is. The inverted yield curve made national news because yield curve inversions have preceded the last nine economic recessions. Charlie Bilello shared a great visual of inverted yield…

Five Pearls of Wisdom from Gayle Benson

This weekend, I attended an event where Gayle Benson, owner of the New Orleans Saints and the New Orleans Pelicans, gave the opening keynote address. Normally, I do not schedule events at 8:30am on a Saturday morning, but for Gayle, I made an exception. It was the 5th annual Tulane University, Women Making Waves conference,…

Diversification Isn’t Sexy

Don’t put all of your eggs in one basket is the oldest adage in investing. Be sure to diversify your risk. Here’s the rub. Diversification isn’t sexy. We will not hit the stock market jackpot by buying the entire market. Market returns are average, and who wants to be average? Hindsight is 20/20, and there…

The Easiest Decade for DIY Investors

The S&P 500 Index is up 397% since the bottom of the 2008-2009 financial crisis. For 10 years, it has beat every asset class except for growth stocks. The rally was led by some of the most beloved companies with a direct connection to the end consumer – Apple, Amazon, and Netflix. This is unique…