Rejuvenation

I spent the Memorial Day weekend at Lake Martin in Alabama with my family. This is where I have spent the majority of Memorial Days in my life.  This year I slept the whole time. I went to bed early and woke up late. I even took naps. I was tired. After a month spent…

CFA Annual Conference London

I was in London this week for the 72nd CFA Institute Annual Conference. Along with almost 1,200 CFA charterholders and members from around the world, I listened to presentations around the theme of Disruption. There is something magical about assembling a group of investment professionals who control capital and allocation decisions for trillions of dollars…

Market Moment: 1923, Nobel Laureate Merton Miller is Born

Today in market history 1923,US economist Merton Miller is born. Miller is most widely known for a theorem he proposed with Franco Modigliani in 1958. Modigliani-Miller states that in the absence of taxes, bankruptcy costs, agency costs and asymmetric information, a company should have no preference between equity or debt financing. This economic theory formed…

The Importance of Checklists

This weekend, I had a frightening experience with my two-year-old son. He had a fever that escalated so fast that it caused what we think was a seizure. For almost a minute, he was unresponsive and seemed to stop breathing. That minute felt like an eternity. I told my husband to call 9-1-1, while I…

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…