Issue 4


Michael Kitces interviewed Stephanie Bogan, a practice management consultant who started a thriving business at age 24. Her insights into what holds many advisors back were fascinating. I’m planning to listen to this a second time.


If stocks keep going up, why isn’t anyone celebrating?

My favourite writer in the advisory space, and the best storyteller around, Josh Brown attempts to solve the biggest puzzle in the investing world these days – the market sets record highs day after day but the public refuses to get excited about it. This is a must read.


The best financial bloggers in the world were asked what they think we’ll be embarrassed about in 10 years. You might find these answers interesting as you try to come up with your own list.


An interesting investment research piece looking at the drawdowns which a perfect forward-looking portfolio would have experienced over the last 90 years. 

“Our bottom line result is that perfect foresight has great returns, but gut-wrenching drawdowns. In other words, an active manager who was clairvoyant (i.e. “God”), and knew ahead of time exactly which stocks were going to be long-term winners and long-term losers, would likely get fired many times over if they were managing other people’s money.”


Employers are catching on that money worries may be a big contributor to health problems, stress, and workplace distraction. Here’s an interesting look at the different incentives being used by concerned employers.


IBM has launched a suite of products powered by Watson, IBM’s artificial intelligence platform, to help financial services firms manage their growing compliance responsibilities.


Mandatory reading should be this piece by Morgan Housel noting the seduction of pessimism.

“Expecting things to be great means a best-case scenario that feels flat. Pessimism reduces expectations, narrowing the gap between possible outcomes and outcomes you feel great about.”