@WSJ. Editor, *The Intelligent Investor.* Author, *Your Money and Your Brain,* *The Devil's Financial Dictionary,* *The Seven Virtues of Great Investors.*
The Wall Street Journal
Joined November 2009
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My pick for Read of the Day in the @WSJ:
The travails of a furniture maker that tried to bring manufacturing back onshore from Asia to the U.S.
wsj.com/business/furniture-m…
Jason Zweig retweeted
🚨Interrupting our regular programming for some good news:
@jasonzweigwsj linked to my article in his (awesome) Intelligent Investor column in The Wall Street Journal!
For those who missed our previous episodes: I'm crowdsourcing ideas for what the SEC should require private funds to disclose.
The SEC is considering rule amendments aimed at facilitating what it calls "responsible retailization" 🫠 of private markets.
The retailization train is coming, regardless of what you and I think about it.
This is our shot to make the playing field a little flatter and private markets less opaque. Let's use it.
At the top of the wish list, based on reader feedback: redemption history. Not just how much money investors got back, but how much they actually asked to redeem.
A few more things I'd love to see:
→ Valuation inputs and methodologies
→ Look-through leverage
→ Fees, PIK interest (toggles vs switches), and borrower credit quality (with related metrics)
→ A complete map of SPVs and related-party transactions
What else belongs on the list?
I'm collecting suggestions -- bring it, kids.
My latest @WSJ newsletter:
I'm always wrong about gold. You probably are, too. Plus, why do we say we "redeem" a fund?
wsj.com/finance/investing/im…
It had to happen sooner or later: There's now an investment fund that buys and flips Birkin bags.
by @KCarliniKing for @WSJ
wsj.com/finance/investing/th…
My choice for Read of the Day in the @WSJ:
A Soldier Cut Off His Own Foot to Survive. Then Came a Daring Drone Rescue.
This story of the heroism and ultimate rescue of a Ukrainian soldier is just phenomenal.
wsj.com/world/europe/ukraine…
My latest for @WSJ:
How to Keep These Wild Market Moves from Hijacking Your Financial Future
wsj.com/finance/investing/ho…
The prehistory of Warren Buffett's Berkshire Hathaway, by @BRK_Student
fhmagazine.org/financial-his…
Jason Zweig retweeted
Berkshire Hathaway was a New England textile company long before Buffett or Omaha, and it was domiciled in Massachusetts.
The Museum of American Finance just ran an excerpt from my book, The Complete Financial History of Berkshire Hathaway, tracing the company’s roots back to the earliest days of American manufacturing and the mills of Massachusetts.
Read it here: fhmagazine.org/RIhd/p18/p18
A definition for today from THE DEVIL'S FINANCIAL DICTIONARY:
amzn.to/3UzpTvO
(I reviewed Moore's book briefly here: wsj.com/arts-culture/books/a… )
In this Long View podcast, @christine_benz and @AmyCArnott1 interview historian Joseph Moore about his book "How to Get Rich in American History."
I defy you to listen without laughing or learning something that startles you.
In this Long View podcast, @christine_benz and @AmyCArnott1 interview historian Joseph Moore about his book "How to Get Rich in American History."
I defy you to listen without laughing or learning something that startles you.
George Caleb Bingham's great series of three paintings from ca. 1853-54 shows American elections in all their promise and imperfection. slam.org/collection/objects/… slam.org/collection/objects/…
slam.org/collection/objects/…
Worried that the stock market is overconcentrated in recent winners? New sector funds put even more of your money in the top stocks.
My latest for @WSJ:
wsj.com/finance/investing/th…
Why being right can make you a worse investor, by Allan Roth @Dull_Investing morningstar.com/financial-ad…
