“It’s so easy to forget how much noise the Matrix pumps into your head until you unplug.”

Very late bloomer.

.@EricBalchunas seeing his starting fantasy football QB go down and then realizing he'll be out against the Eagles on MNF.

Looking back a few hours ago, we knew that 2X leveraged baseball ETFs were an inevitability.

Of course there's already a filing for daily leveraged futures baseball ETFs--which are basically the equivalent of a corked bat with eight holes drilled in the handle that's been dipped in pine tar.

Anyone trying to understand these sports futures ETFs should start with @DaveNadig's piece here: etf.com/sections/news/nhl-et…

Current mood:

🚨 ETF as a Share Class Update 🚨 1️⃣1️⃣0️⃣- The number of firms that have filed for exemptive relief to offer ETF shares of their mutual funds and/or mutual fund shares of their ETFs. 1️⃣0️⃣7️⃣ - The number that have gotten the nod from the SEC. 1️⃣4️⃣ - The number that have filed prospectuses for ETF/mutual fund shares for existing funds. NEW! Artisan and Harris/Oakmark filed to add ETF classes to mutual funds this week. 7️⃣- The number that have launched multiclass ETFs/mutual funds. F/m, Dimensional, Thornburg, Nuveen, Fidelity, Hotchkis & Wiley, and Guinness Atkinson have launched new ETF/mutual fund classes.

Headed towards @FutureProof_HQ like the @ChicagoBears offense drives to the end zone. Looking forward to reconnecting with old friends, making some new ones, and the Wednesday morning "ETF Zoo" session with some of my ETF besties!

The @ChicagoBears are on pace to score a record 1,003 points in the regular season. 🐻⬇️

The 9/11 story that stays with me belongs to Rick Rescorla. His life is book-ended by two moments of American courage. Twice he answered the call of duty above and beyond all reason. 25 years ago today, he gave his life so others would live. (1/16)

Event contract ETF filers trying to convince the SEC that wrapping gambling in a '40 Act fund makes sense:

We are more than two weeks removed from the first filing for hockey ETFs and we've yet to see: - A filing for an all animal mascot NHL ETF ($ZOO) - A filing for an all Canada NHL ETF ($EHDR) - A filing for a trend following NHL ETF ($ICNG) It's almost like we've stopped trying to solve the impending retirement crisis...

On the most recent episode of Morningstar's "The Long View" podcast, Amy Arnott and I sat down with @dimensional's founder David Booth to discuss his new book "Stay Calm: Learn to Embrace Uncertainty in Investing and Life". The power of data is an important through line in our conversation. David explains that without data, people are just arguing beliefs, and that having access to a more complete dataset can help to provide a sense of calm for investors and reassure them in the face of uncertainty. morningstar.com/podcasts/the…

May all our follies age as well as Jack Bogle's. 50 years later, the world's a much better place for investors than it was in 1976.

🚨 ETF as a Share Class Update 🚨 Given that we're just months into the new ETF-as-a-share class era and much of the requisite plumbing to get ETF classes to work as investors would like is still not fully in place, these early numbers are positive--at least in my book. And I'm not at all surprised to see the power law dynamic that's taking shape in this table--it's ubiquitous. The most interesting ticker in this table to me is FSTB. At $177 million in assets, it already accounts for 6.4% of the assets in the fund.

My very amateur attempt to capture last night's lunar eclipse. 🌖

So NHL futures will be like pumpkin futures?