The Takeaway: The most important question before investing
Portfolio Emerging market currencies are a bloodbath – the action in the Indian rupee is just breathtaking. (…
Portfolio
Emerging market currencies are a bloodbath – the action in the Indian rupee is just breathtaking. (Bloomberg) and (Reuters)
Phil DeMuth: The One Question You Must Ask Before You Invest (Forbes)
Goldman previews the September Fed Meeting. (Zero Hedge)
Bond Kings blame the media for massive fixed income fund outflows. Funny, they didn’t blame the media for the decade’s worth of inflows… (The Reformed Broker)
The Biz
Merrill Lynch is settling with a class of 700 black brokers who’ve sued for discrimination, it’s the largest such payout in American history at $160 million. (DealBook)
“Hedge funders are all a little bit nuts” – former hedge fund manager Andy Kessler (Wall Street Journal)
Jason Kephart: Fund company wholesalers are driving advisors crazy. (Investment News)
So you want to throw a client appreciation event… (Think Advisor)
BREAKING NEWS: There’s a substantial scientific link between wealth and narcissism, stop the presses. (Business Insider)
Outliers
The Systemic Six banks have now paid over $100 billion in legal fees since the financial crisis. Always a bull market somewhere. (Bloomberg)
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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.
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