Author Archives: Justin Smith, CFA, CFP

“Hang On A Minute, What Was The Answer To That Last Question”

Great (and funny) video explaining debt crisis. Will make you laugh and/or cry guaranteed.

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And How Would You Like That Performance Reported, Sir?

Justin here. This is a mock-up of something a retired investment advisor and friend of mine said he would put in front of clients. It is only halfway “tongue in cheek” and it brings up a good point about what … Continue reading

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Great Dinner Party Chatter – JP Morgan’s $2b TradingLoss

As Heidi Moore (@moorehn) explained on twitter today; she wrote a piece on the JP Morgan trading loss. How to understand it and even talk about it at a dinner party! A truly great piece of simple yet insightful financial journalism. JP Morgan’s … Continue reading

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Great Chart – Price Matters

Justin here. Here’s a fascinating chart on starting P/E’s and ensuing 20 yr returns. Take your pick, want to start with a PE of 23 or 8? Sunday Spectacle CLXXII | Can Turtles Fly?.

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Jeremy Grantham’s “Notes to Myself”

Quarterly letters are usually cuter than they need to be (ours included). GMO’s Jeremy Grantham writes a great letter usually filled with analogies and backstories. But December’s turns out to just be his “Notes to Myself” and is insightful and … Continue reading

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Yesterday’s News…

Two great explanations… from Heidi Moore’s tumblr (Marketplace/NPR): http://moorehn.tumblr.com/post/13587522872/why-now-why-did-we-bail-out-european-banks-this-week (and when she says in the first paragraph “you should go read that first…” obey her). from Charles Rotblut, CFA (from AAII): http://www.aaii.com/investor-update    

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“If not for Veteran I have no place to come”

Two years ago, Jonathan went on the Triad Flight of Honor. I’m pretty sure it still ranks in the top 10 days of his life. He wrote his thoughts here and how being a guardian on that day reminded him … Continue reading

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Why Three Top Bond Managers Like Equities

Why Three Top Bond Managers Like Equities.

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“Investors Think Insurance Agents, Brokers are Fiduciaries”

I read an interesting article from rep.com this morning (full article here).  In case you wondered, other people who are not fiduciaries include, but are not limited to: my dentist, my plumber, and the drive-thru worker who asks if I want … Continue reading

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Looking at Investing Through the Eyes of a Landlord

It seemed like a really great idea at first. And it actually was, but somewhere along the way, it turned bad, really bad. I’m not quite sure when, but it was either before or after a tenant started breeding Pit … Continue reading

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