Nick Owsley

#JTBD

[Chris Spiek @chriscbs]

This has been a blast so far. The collection has grown to seven full-length video Jobs-to-be-Done interviews. If you’re working on getting better at applying the #jtbd framework I hope this helps you! https://t.co/Vopyo9otLN

[Nick Owsley @nickows]

https://t.co/EQqm7J4SY0

[Nick Owsley @nickows]

A couple of excerpts from Grantham's latest letter:

[Nick Owsley @nickows]

"Instead of force investing in what we believe is the most expensive small cap market in our careers, we are patiently waiting for volatility and opportunities to reappear."

https://t.co/NdNoefz3Mt

[Katelyn Bourgoin 🧠 @KateBour]

Marketing is harder than ever

Wanna quickly figure out what works with buyers?

You don’t need to spend 100s of hours doing research

There are only 4 questions you *really* need to answer to get started

If you can these Qs, coming up with smart marketing ideas feels easy

🧵

[Lisa Abramowicz @lisaabramowicz1]

“Lower-income households are being hit hard by higher food prices, higher energy prices, higher shelter costs. It’s taking bigger proportions of their budget so it’s leaving them with much less discretionary income as opposed to higher-income households.” https://t.co/RmhyqSyRxg

[Nick Owsley @nickows]

"... investment funds."

"Mr. Kaplan’s wealth and active presence in the financial markets mirrors that of his predecessor at the Dallas Fed, Richard Fisher, who also reported substantial assets and trading in his own disclosures."

https://t.co/0Yn0RfxUhN

[Nick Owsley @nickows]

Federal Reserve Bank of Dallas President Robert Kaplan was an FOMC voting member in 2020.

"Kaplan made multiple million-dollar-plus stock trades in 2020, according to a financial disclosure form provided by his bank."

"According to the disclosure form provided by ..."

[Nick Owsley @nickows]

"... the Dallas Fed, Mr. Kaplan had a total of 27 individual stock, fund or alternative asset holdings each valued at over $1 million."

"The form also shows Mr. Kaplan made some combination of sales or purchases of over $1 million in 22 individual company shares or ..."

[Nick Owsley @nickows]

"... different fiscal policies from Washington, the poorest families largely miss out directly.

In other words, all things being equal, the Fed is actively making the wealth gap more pronounced."

https://t.co/aNBGRJmrgo

[Nick Owsley @nickows]

"Without a doubt Fed officials are arguably talking more than ever before about inequalities of all kinds in the U.S. economy. But the problem is, the longer they continue ultra-easy monetary conditions, the more the richest families benefit disproportionately. And without ..."

[Sid Prabhu @sidprabhu]

Fascinating paper by Arthur Burns - the 1970s Chairman of the Federal Reserve explaining what happened. Feels a lot like today...

[Nick Owsley @nickows]

"... about 44 per cent of the outstanding mortgage balance was originated in the past year."

https://t.co/iLIkdDYZ3s

[Nick Owsley @nickows]

"Taken together, mortgage originations over the four quarters to June 30 — which include refinancing — amounted to nearly $4.6tn, a historic high. 

That helped to push mortgage balances to more than $10tn — after a $282bn increase over the preceding three months — meaning ..."

[Nick Owsley @nickows]

9/ "... macro expectations that may or may not prove accurate."

-- From Howard Marks memo dated July 29, 2021:

https://t.co/8HDWoLrANm

[Nick Owsley @nickows]

1/ "As we’ve seen in the last 16 months, the Fed can’t stimulate the economy without increasing the value of the economy. And who receives the benefit? The people who own the economy (i.e., the owners of equities, companies and real estate). Thus, stimulus and ..."

[Nick Owsley @nickows]

8/ "... I don’t think it can be said that today’s asset prices are irrational relative to rates."

"I consider it reasonable for investors to give a nod to the possibility of higher inflation, but not to significantly invert asset allocations in response to ..."