The Big Picture

The Big Picture

The Big Picture column covers investment markets, macroeconomics, financial behavior, and investor psychology, helping users understand the longer-term logic behind market movements.

The Big Picture's Articles

Comedy Is Hot

Comedy Is Hot

  So I’m looking through the midyear issue of “Pollstar” and there’s a chart for “Venues With Capacities Of 5,000 Or Less.” Now if you’re a dedicated follower of

MiB: Carl Richards on Sketching Wealth Strategy

MiB: Carl Richards on Sketching Wealth Strategy

    This week, I speak with Carl Richards, author of “Your Money: Reimagining Wealth in Simple Sketches“. They discuss Carl’s unlikely start in finance and building

Stablecoin Crash?

Stablecoin Crash?

    Cointelegraph: “Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic

10 Friday AM Reads

10 Friday AM Reads

My end-of-week morning train WFH reads: • Hollywood and Big Tech Are Preparing for War: The studios and the platforms circle each other as AI scrambles the economics

At The Money: Do Agricultural Commodities Belong in Your Portfolio?

At The Money: Do Agricultural Commodities Belong in Your Portfolio?

    At The Money: Do Agricultural Commodities Belong in Your Portfolio?, with Sal Gilbertie, Teucrium  (June 24, 2026) Looking for a non-correlated trading vehicle

Transcript: Seth Klarman, The Baupost Group

Transcript: Seth Klarman, The Baupost Group

    The transcript from this week’s MiB: Seth Klarman, The Baupost Group, is below. You can stream and download our full conversation, including any podcast extras

Euphoria Has Taken Over The Markets — ft. Barry Ritholtz

Euphoria Has Taken Over The Markets — ft. Barry Ritholtz

    I had fun talking with Scott and Ed about the market’s reaction to the SpaceX IPO, including whether the valuation is justified, and why I pay attention to

10 Monday AM Reads

10 Monday AM Reads

My back-to-work morning train WFH reads: • The impact of the AI capex boom on S&P 500 return on equity: Record profitability has been one of the factors supporting

Epic Road Trip

Epic Road Trip

    This past Spring, I had about 6 weeks of mad travel. Especially so, for someone who isn’t much of a road warrior. But my travels were nothing compared to my

10 Sunday Reads

10 Sunday Reads

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The World’s Leading Deepfake Expert No Longer Trusts His Own Eyes: NYT