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11 октября, 13:00

1987 Freightliner Unimog 419

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Dear Lord, what on earth is this behemoth? Its a Unimog —  UNIversal-MOtor-Gerät — manufactured by by Mercedes Benz. Speaking of emissions, this beast is powered by a 5.7-liter diesel inline-six, paired with a manual transmission and a two-speed transfer case, riding on 43″ Michelin tires. Described as a “Swiss Army Knife on wheels,” this… Read More The post 1987 Freightliner Unimog 419 appeared first on The Big Picture.

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11 октября, 00:14

Detailed Maps of American Auto Emissions

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The data series here from the New York Times is really amazing: You can pull up any metro region in the country, see if its emissions are increasing faster or slower than population. Its just a deep, astonishing data collection.   Emissions from driving in the New York metro area grew faster than population between… Read More The post Detailed Maps of American Auto Emissions appeared first on The Big Picture.

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10 октября, 14:00

10 Thursday AM Reads

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My morning train reads: • How remote work is quietly remaking our lives Working from anywhere: the good, the bad, the lovely. (Vox) • Money Managers Gain Sway Over Muni Market: A larger-than-ever share of municipal bonds is being managed by professionals, a market traditionally the domain of mom- and-pop investors. (Wall Street Journal) •… Read More The post 10 Thursday AM Reads appeared first on The Big Picture.

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10 октября, 13:00

Favorite Podcasts via Morning Brew

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    From the crew at Morning Brew: Favorite Podcasts, “some of our favorites, grouped by subject matter. We also threw in an episode we recommend starting with.” Masters in Business How I Built This How to Start a Startup Digiday Loose Threads Sleepwalkers Reply All Exponent The Dropout Stuff You Should Know   Super… Read More The post Favorite Podcasts via Morning Brew appeared first on The Big Picture.

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09 октября, 16:11

BBRG: Ivy League Endowments Make the Same Old Mistakes

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Ivy League Endowments Make the Same Old Mistakes Hedge funds and natural resources underperformed. New investments in private equity look no better. Bloomberg, October 9, 2019       This week’s Bloomberg column looks at the lackluster collective performance of Ivy League university endowments: Harvard: 6.5%, Yale 5.7%; University of Pennsylvania 6.5%; Dartmouth 7.5%; Brown… Read More The post BBRG: Ivy League Endowments Make the Same Old Mistakes appeared first on The Big Picture.

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09 октября, 14:00

10 Wednesday AM Reads

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My midweek morning train reads: • Bond-Trading Bots on Verge of Becoming Masters of the Universe (Bloomberg) • When Will the Party Be Over for Oil? Now the dominant energy source, despite the glamor of renewables, the day it will peak may be in 2050. (CIO) • How the business of swag became a multibillion-dollar… Read More The post 10 Wednesday AM Reads appeared first on The Big Picture.

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08 октября, 23:30

Inventor of the Yield Curve Indicator on the State of US Economy

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I am a fan of Campbell Harvey, economics professor at Duke University, and a partner at Research Affiliates. I’ve referenced his work in the past (see this or this). He sat down with the guys to discuss the meaning of the yield curve indicator, which he discovered in 1986 while working on a dissertation. Campbell… Read More The post Inventor of the Yield Curve Indicator on the State of US Economy appeared first on The Big Picture.

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08 октября, 19:00

Measuring The Ivy Endowments 2018

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Source: Markov Processes International     I am in the midst of  researching numerous endowments and pension fund investment performance, when I came across this really interesting factoid: 2018 was the first that a 60-40 portfolio outpaced all Ivy endowments in terms of 10-year performance. Note the Ivies slight edge over the 60-40 portfolio last… Read More The post Measuring The Ivy Endowments 2018 appeared first on The Big Picture.

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08 октября, 13:30

10 Tuesday AM Reads

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My Two-for-Tuesday morning train reads: • ETFs Get All the Buzz, but Mutual Funds Still Dominate. There’s a Reason. (Wall Street Journal) see also Wall Street Brokers Missed the Index-Funds Memo (Wall Street Journal) • Looking back at the Beanie Baby bubble (Financial Times Alphaville) • People Who Work from Home Earn $2,000 More a… Read More The post 10 Tuesday AM Reads appeared first on The Big Picture.

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07 октября, 18:30

MIB: Talking Ourselves into Trouble – Shiller on Economic Narratives

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Can we talk ourselves into a stock market bubble? A recession? Why would the story of an economic theory drawn on a napkin have so much more resonance than all the reams of research that have debunked it? How narratives impact markets and economies is the discussion for our Masters in Business interview with Nobel… Read More The post MIB: Talking Ourselves into Trouble – Shiller on Economic Narratives appeared first on The Big Picture.

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07 октября, 15:30

S&P 500 Intra-Year Declines

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My favorite quarterly chartbook is out via JPMorgan:     Source: JPMorgan: The post S&P 500 Intra-Year Declines appeared first on The Big Picture.

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07 октября, 14:00

10 Monday AM Reads

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My morning train reads: • Wall Street Brokers Missed the Index-Funds Memo (Wall Street Journal) • The Best Economic News No One Wants to Talk About: Something’s happening to wages that neither Democrats nor Republicans care to acknowledge. (The Atlantic) • MDMA 💊 (Scott Galloway) • A Secretive Committee of Wall Street Insiders Is the… Read More The post 10 Monday AM Reads appeared first on The Big Picture.