Unforgettable Quotes From the World’s Biggest ETF Conference

Five Unforgettable Quotes From the World’s Biggest ETF Conference Even the booming exchange-traded fund industry isn’t immune from the current market turmoil.While ETFs had a banner year in 2015 in coach factory outlet online asset growth—taking in more money than mutual funds and hedge funds combined—a raft of worries took center stage at the ninth annual Inside ETFs conference in Hollywood, Fla., hosted by ETF.com.While the more than 2,000 attendees spent most of the time soaking in useful information during breakout sessions on specific ETF topics, such as smart-beta strategies, fixed income tools, liquid alternatives, and ETF-trading techniques, the main stage featured the biggest and boldest speakers—many of whom voiced concerns about everything from the Federal Reserve and the global economy to issues overhanging the ETF industry. Here are five colorful quotes from some of the more notable speakers, plus some accompanying snapshots of presenters' slides, that are representative of the somewhat darker tone emitting from the conference this year.'What Are These People Doing?'As said by Jeffrey Gundlach, chief executive officer of Doubleline Capital, in reference to the Fed, which he repeatedly criticized during a presentation called "Tick, Tick, Tick." Gundlach, the manager of last year’s most successful new ETF launch, bashed the central bank for hiking benchmark interest rates in December.He called the Fed “pathetic” and “frozen in their thinking” for not seeing how fragile the economy still is. Gundlach compared Yellen’s rate hike with Seattle Seahawks coach Pete Carroll’s call in Super Bowl XLIX to pass the ball at the end of the game–a move widely regarded as the worst call in Super Bowl history. In fact, the Fed was a common theme–and punching bag–at the conference. Photographer: Eric Balchunas/Bloomberg 'Don’t Let Them Push Us Back Into the Darkness'Dave Nadig, director of ETFs at FactSet Research Systems, on the recent rule proposals put forth by the U.S. Securities and Exchange Commission that could have a major effect on some ETFs. In a presentation called “The Battle for the Soul of the ETF Revolution,” Nadig–and Matt Hougan, CEO of conference organizer ETF.com–voiced concern over the recent SEC rule proposals on bond fund liquidity and derivatives use by funds. Nadig, who may be the only human being to have actually read the proposals cover to cover (more than 1,000 pages), argued that the SEC may be well-intentioned, but its rules will nevertheless have unintended consequences for ETFs, such as stripping coachoutlet.com investors of some of their favorite tools and pushing them back into the darkness (darkness, at an coach factory outlet online ETF conference, meaning mutual funds). He also noted the irony that some of the most legitimately dangerous products, such as leveraged exchange-traded notes, would not actually be affected by the rules and could still harm unsuspecting investors. Photographer: Eric Balchunas/Bloomberg 'We coach outlet store Really Are an Old Industry, Second Only to Wal-Mart Greeters'Josh Brown, CEO of Ritholtz Wealth Management, in reference to financial advisers, whose average age is 50.9. Many advisers—who make up a coach online outlet large chunk of the conference attendees—are worried about the $30 trillion or so that will be passed down to robo-adviser-loving millennials from their parents. Brown pointed to a study that found 66 percent of millennials plan to leave their parent’s financial adviser when they inherit their wealth.To address these worries, Brown gave a colorful presentation–complete with references to the Wu-Tang Clan and One Direction–on how he uses social media and his blog to attract new investors and engage with a younger audience. He said the bulk of his firm’s new clients come in through what his team is writing on the blog and social media. Brown humorously pointed out that the financial industry has struggled with how to effectively utilize social media outlets such as Twitter. Photographer: Eric Balchunas/Bloomberg 'Everything Blows Up Every Seven Years'Kevin O’Leary, featured on the ABC's Shark Tank, was not talking about asset classes but rather about active managers. Active manager-bashing is always a popular theme at Inside ETFs, or any ETF conference, for that matter. But it was especially effective given O’Leary was drawing on personal experience as he used to invest all his own money in a variety of active managers but found they "blew up" every seven years or so.O’Leary has been slowly switching all his money out of active management and into what he calls “hard-core, rules-based, emotionless investing.” He has turned these investing rules into a smart-beta ETF product line called O’Shares. O’Leary is also representative of the growing number of smaller shops entering the ETF industry, as well as the increasing number of celebrities joining the field. Photographer: Eric Balchunas/Bloomberg 'A Pool Full of Beer May Be the Only Answer'Marc Faber, publisher of the The Gloom, Boom & Doom Report and a big fan of gold ETFs, said he might fill a newly installed swimming pool with beer coachoutletonline instead of water to deal with an economic outlook he describes as “so depressing.” He went so far as to say he doesn’t expect to see another bull market in his lifetime, adding that a massive increase in global debt via central bank policies will “contain” growth for years and years to come.He spoke on the last day of the event and brought things full circle by going on a Gundlach-ian tirade against the Fed–and central bankers in general–referring to them as “people who have never worked a day in their lives.” Faber closed by saying he was going to leave the conference to get back to his beer pool and hang out with his new friend. Photographer: Eric Balchunas/Bloomberg If the ETF conference is an indicator of the year to come, buckle up–it’s going to be a bumpy ride.Eric Balchunas is an exchange-traded-fund analyst at Bloomberg. This piece was edited by Bloomberg News.  Before it's here, it's on the Bloomberg Terminal. LEARN MORE

This is the carry-on suitcase I wouldn’t travel without

This is the carry-on suitcase I wouldn’t travel without Ellen Hoffman, Insider Picks coach online outlet coach factory outlet online Sep. 1, 2016, 9:38 AM 47,351 14 facebook linkedin twitter email coach factory outlet online print The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we may get a share of the revenue from your purchase. AwayAs part of an ongoing series, each week Insider Picks features a product or store that’s poised for big things. The subject of this week's "We're Obsessed" segment is a direct-to-consumer luggage company called Away.Everyone should own a quality piece of luggage. Whether you’re a frequent business traveler or someone who only gets away for a few short trips a year doesn’t matter. At some point, you’ll be going somewhere and in need of something to safely stow all of your stuff.If you can afford the premium, I highly recommend giving smart luggage a try. I took long weekend trips to the Caribbean in May and Fort Collins, Colorado last weekend and tested out a carry-on suitcase from an up-and-coming company called Away for both jaunts. And it blew every other suitcase I've used out of the water. Once you go smart with your luggage, you won't want to travel any other way.Founded by two former Warby Parker alums, the direct-to-consumer startup bills itself as "first-class luggage at a coach price."  Starting at $225 for Away's hardshell carry-on size, that's hundreds of dollars cheaper than the brands I'd compare it to — high-end brands like Tumi and Rimowa whose carry-ons typically retail for $500 or more. The startups mid- and large-size cases go for $275 and $295, respectively. That's not bad at all. Especially if you want something more than halfway decent.The hardshell exterior is made of 100% Bayer Makrolon polycarbonate, a material unrivaled in strength and impact resistance. And it’s so light, the entire bag weighs in at only 7.2 lbs.AwayThe reasons for Away's quick rise in the luggage industry are simple — its products rival some of the best brands in the space and house cool new "smart" features. On top of that, customers love how durable, flexible, and ultra lightweight the suitcases are and how premium they look for the price. They're good value any way you look at it. As someone who's extremely discerning when it comes to buying everything from bed sheets to hoodies (it's my job, after all), I'm coach outlet store comfortable saying Away's carry-on is hands down the best suitcase I've ever used. As for my favorite features about the carry-on suitcase:The carry-on's body is spacious enough for a three- or four-day weekend's worth of stuff, with a handy compartment for my MacBook Air and a laundry bag for my dirty clothes. It comes with a removable interior 10,000 mAh battery and two USB ports, which means charging up at the airport is more convenient than ever. Its exterior is water-resistant, capable of protecting my stuff from wet grass, dirty floors, and sudden summer showers. And it looks great to boot!Its four 360° spinner wheels make moving around the airport a breeze. There's also a TSA-approved combination lock built into the top of the bag — the zippers slot right in. This was added peace of mind when I ended up having to gate-check it on my way to Fort Collins, CO due to lack of overhead space on my flight.  Maybe my favorite feature, the suitcase comes with a removable interior 10,000 mAh battery and two USB ports, so you can charge up your devices before a long flight. A wall adapter and luggage-charging cable are also included.AwayNow, I realize a coach outlet online $225 suitcase won't win everyone over, but if you value style, convenience, and durability, as I do, this will be a practical travel companion for future trips. Away's suitcases are available in four great colors and in the following sizes and bundles: carry-on ($225), medium ($275), large ($295), carry-on and medium ($450), carry-on and large ($475), all three ($695). Click here for more purchasing information.This article was originally published on 7/19/2016.  Disclosure: This post is brought to you by Business Insider's Insider Picks team. We aim to highlight products and services you might find interesting, and if you buy them, we may get a small share of the revenue from the sale from our commerce partners, including Amazon. Jeff Bezos, CEO of Amazon, is an investor in Business Insider through his personal investment company Bezos Expeditions. We operate independently from our advertising sales team. We welcome your feedback.Have something you think we should know about? Email us at insiderpicks@businessinsider.com.Read the original article on Insider Picks. Copyright 2016. Follow Insider Picks on Twitter. SEE ALSO: 10 must-have travel tech accessories DON'T MISS: These sheets are one of the best purchases I’ve ever made — here’s why More: coach outlet online Insider Picks We're Obsessed Luggage Suitcase Travel travel + leisure Men's Fashion Women's Fashion Shopping

China Hits Back At 'Biased' Claims That Swimmer

China Hits Back At 'Biased' Claims That Swimmer Ye Shiwen Was Doping Tania Branigan, The Guardian coach online outlet Jul. 31, 2012, 6:50 AM 7,191 6 facebook linkedin twitter email print (Photo by Clive Rose/Getty Images) China's anti-doping chief has hit back at "biased" suspicions about the extraordinary triumph of the teenage gold medallist Ye Shiwen. "I think it is not proper to single Chinese swimmers out once they produce good results. Some people are just biased," Jiang Zhixue, who leads anti-doping work at China's General Administration of Sport, told the state news agency Xinhua. "We never questioned Michael Phelps when he bagged eight gold medals in Beijing." Chinese internet users have also reacted angrily to doubts about the 16-year-old swimmer's stunning performance, accusing sceptics of jealousy or bitterness because their own countries are not performing as well. The controversy was sparked when a highly respected American coach described the prodigy's extraordinary triumph in the 400m individual medley as "unbelievable", "suspicious" and "disturbing" in an interview with the Guardian. John Leonard, executive director of the World Swimming Coaches Association, said her performance brought back "a lot of awful memories" of the Irish swimmer Michelle Smith, who won the same race at the Atlanta Olympics in 1996 but was banned two years later for tampering with a urine sample. Concern has focused on Ye's dramatic improvement in ability over coachoutletonline the past year and on her acceleration in the last 100m of the 400m medley, in particular her final length – quicker than that of Ryan Lochte, who won the men's individual medley in the second-fastest time in history. But others have argued that young athletes can make remarkable breakthroughs and have pointed to the way the Chinese system picks individuals for their coachoutlet.com physique and drills them rigorously. Jiang said China's swimming team had made breakthroughs due to scientific training and sheer hard work. He added: "The Chinese athletes, including the swimmers, have undergone nearly 100 drug tests since they arrived here. "Many were also tested by the international federations and the British anti-doping agency. I can tell you that so far there was not a single positive case." The deputy anti-doping chief Zhao Jian said Leonard "thinks too much" and urged people to wait for test results. He added: "It seems in the sports world people always suspect good scores. You cannot assume a runner is not a normal person just because he runs faster. Those assumptions are not fair to any athlete." Seven Chinese swimmers tested positive for steroid use at the Asian Games in 1994. Four years later, four competitors were sent home after a routine customs check found a Chinese swimmer was carrying large coach outlet sale amounts of banned growth hormones as she arrived at Perth for the World Championships. But Zhao said China had coach online outlet launched a major crackdown on doping, changing its laws, coach factory outlet online tests and training. "In 1990, when China started the doping test, we did 65 tests. Right now, we do 15,000 tests each year. As far as I know, America and Australia carry out 7,000 to 8,000 a year," he said. "All Chinese athletes get anti-doping education and training, take an oath and take an exam. Our system is serious and severe." Zhang Xinming, a reporter at Sports Illustrated who has followed Ye's career, acknowledged that the 1990s scandals had given people a bad impression of Chinese swimmers, but added: "I don't think it is the case this time, because the freestyle is Ye's strongest feature. I know her; Ye has the ability to win. Besides, the tests for Olympic Games athletes are very strict. It is not possible she was doped." After doubts were first raised, Ye herself said: "The Chinese team keep very firmly to the anti-doping policies, so there is absolutely no problem." Last month, Xinhua announced that another Chinese female swimmer, Li Zhesi, would not take part in the Olympics because she had tested positive for a blood-boosting drug in March. In 2009 five junior Chinese swimmers were banned after testing positive for the anabolic agent Clenbuterol at the 2008 national junior championships. China has blamed ambitious or ignorant individuals and coaches for problems. But last week, two former Chinese Olympic doctors described routine use of doping in the 1980s and into the early 1990s in interviews with the Sydney Morning Herald. Chen Zhanghao, China's lead doctor for the Los Angeles, Seoul and Barcelona Games, claimed: "The United States, the Soviet Union and France were all using [steroids and growth hormones] so we did as well. "So how can you condemn China but not the USA or Soviet Union?" Chen added: "We blindly believed them, like fools, because they all seemed like good people. But indeed they lied to us. After trying them ourselves, we made two conclusions: one is that training is the key, after all. And even in the US, taking drugs do not guarantee performance." He also added that some athletes had rejected banned drugs. • Additional research by Cecily Huang This article originally appeared on guardian.co.uk More: China Olympics Drugs Michael Phelps Swimming

Seven Great Ways to Make Your Good Intentions Last

Seven Great Ways to Make Your Good Intentions Last Dumb Little Man coach online coach online outlet outlet Jul. 28, 2012, 1:22 PM 79 facebook linkedin twitter email print Dumb Little Man Dumb Little Man is a "tips for life" blog Recent Posts How to Go from Mediocre to Great How to Exercise Your Willpower by Working Out 7 Actionable Ways to Simplify Family Life So You Can Be Happier How often have you made a New Year’s resolution, only to give up by February?  How often have you started a new diet on Monday, only to give up by Wednesday? All of us have good intentions for positive change in our lives. We come up with great goals – like losing weight, getting fit, writing a book, changing career, quitting smoking, cutting down on caffeine. All too often, though, our good intentions don’t last very long.   Here’s how to boost your chances of success. Try one or more of these seven tips today: #1: Don’t Take On Too Much Let’s say you’ve decided to overhaul your life. You want to lose weight, find a new career, improve your relationships and keep your home neat and tidy. Those are all perfectly good goals … but by tackling them all at once, coach online outlet you’re shooting yourself in the foot before you’ve even begun on your journey to success. Instead coachoutletonline of trying to take on everything all at once, pick just one or two goals to focus on. That way, you’ll be far more likely to stick with them. #2: Be Accountable Accountability is a powerful motivating force. If you’re the only person who knows about your goal, it’s very easy to scoff those cookies, skip that run, or ignore your daily word count target on your book. When other people are involved, though, you’ll be much more likely to do what you’ve said you’ll do. You can be accountable to just one person – perhaps someone who’s working towards a similar goal to you. Or, if you want, you can be accountable to lots of people – how about posting coach outlet sale your weigh-in results on Facebook, for instance? #3: Keep TrackRecording your progress has two great benefits: it lets you see how far you’ve come, and it encourages you to stay mindful about your goal. For instance, if you find yourself eating “just one little treat” which you know you shouldn’t be having, then a food diary can help you realize how much those little extras are adding up. There are lots of ways you can track your progress towards your goal. You might keep a spreadsheet, noting down daily or weekly activities; you could check off days on your calendar; you could keep a diary and write about how you’re feeling and coach online outlet whether or not you’re making progress. Find a technique that works for you. #4: Build on Existing Habits Much of what we do each day is habitual. The time you get up, your morning routine, what you eat for breakfast, whether you grab a coffee on the way to work … all habit. When you want to add new habits into your life, it can be useful to build on an existing one. For instance, if you want to get better at eating breakfast, you could try having a banana right before you jump in the shower: that way, you’re less likely to forget altogether. #5: Focus on the Benefits Sometimes, it’s tough to stay motivated when you’re working towards a long-term goal. It might feel like you’re doing a lot of work without much reward in sight. Remind yourself on a regular basis about why you’re doing this. For instance, if you’re eating a calorie-controlled diet to lose weight, the benefits of this might be that you’ll be healthier, and you’ll feel more confident about your body. #6: Enjoy the Process As much as you can, try to find ways to enjoy your journey towards your goal: not only will you be happier for it, you’ll also be more likely to actually stick with your good intentions. If your goal is to exercise on a regular basis, for instance, look for forms of exercise that you truly enjoy (and there’ll be at least one or two)! That could be swimming, cycling, walking, running … or even something a bit quirky like fencing, playing Frisbee, or trampolining! You don’t have to be in the gym every day to be active. #7: Don’t Think “All or Nothing” One of the reasons why we give up on goals is because we fall into an “all or nothing” mindset. If you’ve ever attempted to diet, you’ve probably experienced this: as soon as you “break” your diet by eating a bag of chips or a slice of cake, you decide that you might as well give up for the rest of the day – or the rest of the week. However, a small slip isn’t going to make a big difference to your overall progress – unless you let it. Instead of trying to be perfect, aim to work towards your goal 80% of the time, and don’t worry for the other 20%. Yes, you might make slightly slower progress, but you’ll also be much more likely to reach the finish line. What good intentions do you have for your own life right now? What are you doing to help them to last? Let us know in the comments… Written on 7/28/2012 by Ali Luke. Ali is a writer of fiction and non-fiction and a writing coach. She blogs about writing on her site, Aliventures.com, and has a free ebook "How to Find Time For Your Writing" available when you join her writing newsletter here. Photo Credit: LeI4nd Do you have a bucket list? Here are 101 things to do before you die. Includes a tutorial on how you can create your bucket list too! Read more posts on Dumb Little Man »