Rick Ferri, Portfolio Solutions Founder and CIO (audio)

This Masters in Business radio podcast features Rick Ferri, founder and chief investment officer of Portfolio Solutions - portfoliosolutions.com - interviewed by Barry Ritholtz.

Ferri is a former Marine Corps fighter pilot who spent the first decade of his career working as a retail stockbroker. In the 1990s, he came up with an idea for a low-cost portfolio based on exchange-traded funds while working at Smith Barney. He pitched the idea to the company’s chief at the time, Jamie Dimon, who shot it down. Ferri spent the next few years refining the idea and planning his own firm, which he started in 1999. He also is the author of several books, including “All About Index Funds: The Easy Way to Get Started. #investing


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Investing, The Fed, Unintended Consequences

Investing: The Fed and unintended consequences: "...The best bet for most people: Remain widely diversified. You'll need cash in case you need to write a check. You need bonds because if the economy falters, we could be looking at Japan-style interest rates. (Bond prices rise when interest rates fall, and vice-versa). And you need stocks because that's where you're most likely to get the highest returns over the long run. The more time you have before you'll need your money, the more you should have in stocks. And be brave. The law of unintended consequences also means that sometimes, good things happen when you least expect them. You never know." (read more at the link above)


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Charles Masson: Top Five Secrets of a Successful Restaurant (video)

The Top Five Secrets of a Successful Restaurant -

Charles Masson lives restaurants, from legendary years spent at New York’s La Grenouille to his current directorship of Chevalier at the new Baccarat Hotel. Here he reveals the five ingredients every great dining room needs to succeed. (video by Zach Goldstein, Paul Cavrel) (Source: Bloomberg)


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Hold My Money, Please, I'll Even Pay You!

Hold my money, please, I'll even pay you?

A currency crisis is on deck, but few see it coming.--Mike "Mish" Shedlock

Until this past week, no country had ever sold 10-year debt that gives investors a yield of below 0%. And no country had ever issued a 100-year bond denominated in euros. But in the latest stark sign of how easy the era of easy money has become, Switzerland on Wednesday sold 10-year bonds that investors are actually paying to hold, while Mexico lined up a rare transaction to borrow euros it promised to repay a century from now—at a yield of 4.2%... Reserve prepares to raise interest rates, the European Central Bank is forcefully driving them down. The Swiss National Bank, eager to keep its currency from soaring too far above its eurozone neighbors’, has itself shoved interest rates below zero. Read more at: Mish's Global Economic Trend Analysis: Milestones in Bond Insanity: Negative 10-Year Yield on Swiss Bonds, Mexico Sell 100-Year Bonds Denominated in Euros; Are 1000-Year Bonds Next?


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The Next Financial Crisis? Worse Says Jamie Dimon

Wait till the NEXT financial crisis! So says J.P. Morgan boss Jamie Dimon--in his annual letter to shareholders, the bank’s chief executive warned “there will be another crisis” — and the market reaction could be even more volatile, because regulations are now tougher."

read more:

http://www.marketwatch.com/story/jp-morgans-dimon-warns-next-crisis-will-be-even-more-volatile-2015-04-09

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China, Economy, Scary Numbers (video)

China's Economy: The Numbers Look Scary -

Bloomberg Intelligence’s Ken Hoffman reports on China’s slowing economy. He speaks on “In The Loop,” April 10th.


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Jon Hamm Explains Career Trajectory to Mad Men (video)

Jon Hamm Explains Career Trajectory to 'Mad Men' -

Actor Jon Hamm discusses his career and the roles he has played such as Don Draper in AMC's hit series "Mad Men." He speaks with Pimm Fox on "Taking Stock." (Source: Bloomberg)


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What Mad Men Means for AMC Networks (video)

What 'Mad Men' Means for AMC Networks -

Paul Sweeney discusses AMC's hit series "Mad Men" with Pimm Fox. They speak on "Taking Stock." (Source: Bloomberg)


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Mortgaging Our Future?

Government programs for mortgage lending implicated in the Great Recession--

Mortgaging the Future? | The Big Picture: ".... in the postwar period an above average mortgage-lending boom unequivocally makes both financial and normal recessions worse. By year five GDP per capita can fall considerably, as much as 3 percentage points lower than it would have otherwise been. In contrast, booms in nonmortgage credit have virtually no effect on the shape of the recession in the same postwar period. Why the difference? At this point we can only speculate. A mortgage boom gone bust is typically followed by rapid household deleveraging, which tends to depress overall demand as borrowers shift away from consumption toward saving. This has been one of the most visible features of the slow U.S. recovery from the global financial crisis (Mian and Sufi 2014)... Our research suggests that the explosion of credit has played a more important role in shaping the business cycle than has been appreciated up to now. A growing consensus along these lines has renewed interest in revisiting the assumptions about cyclical macroprudential policy (for example, Aikman, Haldane, and Nelson 2014). Much of the recent expansion in bank lending took place through real estate lending, and this particular component of the credit mix appears to have the most relevant macroeconomic effects. A natural inference is that economic policy needs to adapt to this new reality." (read more at the link above)


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George Soros: Greece Is Going Down the Drain (video)

George Soros: Greece Is Going Down the Drain -

In an exclusive interview, Hedge Fund Billionaire George Soros discusses Greece's bailout agreement and the U.K. elections with Bloomberg's Francine Lacqua on "Countdown," March 24th.


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Insider Trading From Washington Insiders? (video)

Insider Trading From Washington Insiders? -

Bloomberg Businessweek’s Josh Green reports on Washington insiders insider trading. He speaks on “Market Makers.”

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Bill Gross Is Very Bullish on Treasuries (video)

Bill Gross Is Very Bullish on Treasuries -
April 3 -- Janus Capital Group Portfolio Manager Bill Gross talks about his treasury holdings, his stance on the German Bund and his thoughts on Greece. He speaks on Bloomberg's "Surveillance."


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Why College Is Not for Everyone: Robert Reich (video)

Why College Isn’t for Everyone: Robert Reich -

Bloomberg’s Olivia Sterns recaps the op-ed pieces and analyst notes that provide insight into today's headlines. Harvard Business School’s Robert Kaplan also speaks on “Bloomberg Surveillance.” (March 24)


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The Luxury Umbrella That Alerts You When You Forget It (video)

The Luxury Umbrella That Alerts You When You Forget It -

Davek Accessories CEO Dave Kahng discusses the luxury umbrella market.


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Greece's Debt Problem Explained in Five Charts (video)

Greece's Debt Problem Explained in Five Charts -

Greek leaders met with European officials to come up with a plan to get Greece's economy back on track. The country may run out of money as soon as early April if no agreement is reached. Bloomberg's Joe Weisnethal looked at five charts that explain Greece's ongoing financial problems. (Charts by: Maxime Sbaihi, video by: Kelly Buzby, David Yim)


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Can Macau Move Past Gambling, Casinos? (video)

How Can Macau Move Past Gambling, Casinos? -

Macquarie Capital Senior Analyst Chad Benyon discusses gambling and Macua’s economy. He speaks on Bloomberg's “In The Loop.

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Is High-Frequency Trading Really Out of Control? (video)

Is High-Frequency Trading Really Out of Control? -

Former CFTC Commissioner Bart Chilton discusses high-frequency trading, and responds to comments made by Michael Lewis, the author of ''Flash Boys.''

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