Remove 2000 Remove Budgeting Remove Ethics
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Rabbithole: What Do People Get Wrong About Money?

The Big Picture

During the 2000 crash, I had no 401k, and my wifes 403B was tiny. In my own family, myself and my two siblings each had a very different relationship with money. I grew up lower income. My sister grew up a little more comfortable, middle income and the youngest, my brother, was solidly upper-middle class.

Investing 195
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Transcript: Ramit Sethi

The Big Picture

SETHI: Well, everybody thought they were a genius including me in 1999, 2000. That led to the next three or four years of learning how to sell, how to create value, and not worry about selling out, but do it in a very ethical way. You know, a rich life, most people expect a money book to start with a chapter on budgets.

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2019 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, court investors with quarterly earnings calls and management meetings, or even have budgets and strategic plans at the parent company. Berkshire is unusual among public companies. equity universe. An investor cannot invest directly into an Index.

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2019 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, court investors with quarterly earnings calls and management meetings, or even have budgets and strategic plans at the parent company. Berkshire is unusual among public companies. equity universe. An investor cannot invest directly into an Index.

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Transcript: Brian Hurst, ClearAlpha

The Big Picture

00:17:16 [Speaker Changed] Starting back, this is around 2000 let’s say. And that’s, that’s a, I think about the, the scarce resource is your risk budget and how do you wanna allocate that risk budget If you’re allocating a lot of your risk budget to just pure beta, that might work for the manager.

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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

The Big Picture

RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? But there were a lot of other purveyors of watches that really were not super, super ethical folks. I’m giving you a budget. He gave me his Omega Speedmaster, which is a really nice watch.

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