The Big Picture

SEPTEMBER 7, 2022

So 2000 could have been 1900, and that could have caused challenges. SPACs had been around for probably 15 to 20 years and that’s what — RITHOLTZ: Yeah, since the early 2000, people forget that. I remember going to the Subway Series between them and the Yankees in the World Series in 2000, I think that was.

Communication 306

Communication Marketing Marketing Engineering 306

The Better Letter

DECEMBER 15, 2022

The Russell 2000 is off 21 percent. If you had invested $10,000 in Amazon at its IPO price ($18) in 1997, you would have purchased 555 shares, not counting commission expenses or fractional shares. This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw. The saddest.

Investing 80

Investing Investments Portfolio Numbers 80

The Big Picture

SEPTEMBER 3, 2024

00:29:29 [Speaker Changed] Yeah, I think you can see this particularly in smaller cap companies right now where, you know, as you alluded to earlier, the Russell 2000 versus the Russell 1000 has basically underperformed by 95% from the end of 2016 until now. 00:29:45 [Speaker Changed] That’s amazing.

Investing 147

Investing Investments Management Valuation 147

The Big Picture

AUGUST 8, 2022

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 204

Banking Government Insurance Taxes 204

The Big Picture

JANUARY 24, 2023

So you sell a lot of houses and you get commission on what you sell. KLINSKY: That was a super hot theme in the year 1999 and 2000. RITHOLTZ: So it’s different math then I need 100x winner versus 99? I mean, even when I was at Goldman Sachs doing private equity work, it’s more equivalent to a merger work.

Investing 263

Investing Investments Numbers Banking 263

The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. They were talking about, you know, what can we do with a commission to try to get the deficit down by $4 trillion at least, and all this sort of stuff. He said he wanted at least 2000, 4,000. And he said it ought to be 2000. He was really mad about that.

Taxes 147

Taxes Economy Government Budgeting 147

The Big Picture

APRIL 8, 2024

And so he set me off in a direction that was practical and at that point, commission business that he generated was ginormous, I’m sure. I’d been ranked i i back in the seventies, if you can do the math. And so I tried to find something that I could do that would be of interest to basically an equity investor.

Economy 147

Economy Clients Banking Economics 147