Carson Wealth

JANUARY 22, 2024

Waller noted that in the past the Fed had lowered rates reactively, quickly, and by large amounts, but that was after shocks to the economy threatened recession (like in 2000-2001 and 2007-2008). However, this time he sees no reason to “move as quickly” or “cut as rapidly” as in the past.

Marketing 97

Marketing Marketing Economy Portfolio 97

James Hendries

NOVEMBER 1, 2022

The steady climb in mortgage rates to over 7% for the first time since 2001 has stopped the parabolic rise in housing prices. References to markets, asset classes, and sectors are generally regarding the corresponding market index. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Manufacturing Economy 52

The Irrelevant Investor

JANUARY 21, 2021

You don't understand how low interest rates make long-duration assets more valuable today. Stocks flooded the market, and valuations stretched into the stratosphere. I turned to my friends at O'Shaughnessy asset management for some tech data to see what happened to the sector as the bubble was inflating and after it burst.

Sales 52

Sales Valuation Marketing Marketing 52

James Hendries

JUNE 20, 2023

Despite raising rates by 5% over the past 15 months, the majority of the Committee, not just the median policymaker, sees at least two more 0.25% rate hikes this year, which would take the fed funds rate to 5.625%—the highest level since 2001. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Economy Communication 52

Brown Advisory

SEPTEMBER 20, 2017

While this was frustrating at times, it produced a valuable asset – a sizeable library of fully vetted “up cap” growth ideas. After joining the investment industry in 2001, he served as director of research at two firms, creating a small-cap growth strategy at one of them before joining Brown Advisory in 2014.

Portfolio Management 52

Portfolio Management Portfolio Management Investing 52

Brown Advisory

SEPTEMBER 20, 2017

While this was frustrating at times, it produced a valuable asset – a sizeable library of fully vetted “up cap” growth ideas. After joining the investment industry in 2001, he served as director of research at two firms, creating a small-cap growth strategy at one of them before joining Brown Advisory in 2014.

Portfolio Management 52

Portfolio Management Portfolio Management Investing 52

The Big Picture

NOVEMBER 21, 2023

And we sold our stake in the business to Barry Diller in 2001. It was about $170 million valuation. He said, I overpaid for the asset. 00:59:32 [Speaker Changed] So, so in late 21, 20 22, valuations had gotten a touch frothy in, in both the public and the private markets. I became co CEO of the business.

Investing 246

Investing Investments Startup Accounting 246

Mr. Money Mustache

MAY 20, 2022

Instead of investing in a productive asset, these speculators were just assuming the recent momentum would continue. True to form, she got back to me within just a few minutes with these thoughts: MMM: How should potential retirees think of the recent crash in valuation – has it really pushed out their retirement date, or not?

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

SEPTEMBER 23, 2024

He also spent time at Sebus and More Capital before launching his own firm in 2001. They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. So there was some assets that were salvageable. And then you say, what is the business worth?

Banking 147

Banking Investing Investments Assets 147

Dear Mr. Market

MARCH 11, 2023

We break down and assign each of the four “regions” with an asset class and then pick teams (stocks) that we think have the best chance at doing well relative to others. IBM loses to QCOM based on valuation. You could watch CNBC all day long and likely never hear of this $12 billion company out of Pittsburgh, PA.

Investments 101

Investments Investing Portfolio Assets 101

The Big Picture

OCTOBER 24, 2022

They advise or directly manage about $250 billion in flying assets. RITHOLTZ: So how do you find your way from economist to analyst to asset manager? RITHOLTZ: You said, I know, I want to run assets. RITHOLTZ: What was that experience like beginning in asset management in the aisle of hurricane? NORTON: Yeah.

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

JULY 26, 2022

When you launched in 2001, you started with $50 million, $55 million, something like that? All-in, you’re $8 billion in assets totally. WEAVER: And you can overpay for any asset. And since we look at both private and public markets, what do you think of in terms of valuation? RITHOLTZ: And it still worked out.

Consulting 298

Consulting Numbers Management Investing 298

Dear Mr. Market

MARCH 17, 2024

We break down and assign each of the four “regions” with an asset class and then pick teams (stocks) that we think have the best chance at doing well relative to others. That said, it loses early in round one simply due to us believing it’s close to full valuation and due for a breather.

Investments 93

Investments Investing Portfolio Assets 93

Brown Advisory

NOVEMBER 1, 2023

We work with families every day, developing strategies to help them reduce their estate tax burden and position themselves to transfer their assets to heirs or beneficiaries efficiently. Transfers of low-basis assets in the form of lifetime gifts may still be advisable in some cases. But that “spread” has narrowed in a meaningful way.

Accounting 52

Accounting Taxes Assets Clients 52

The Big Picture

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. RITHOLTZ: So let’s take a couple of examples. RITHOLTZ: Right.

Marketing 130

Marketing Marketing Economy Valuation 130

The Big Picture

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 298

Valuation Education Numbers Government 298

The Big Picture

MAY 21, 2024

So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks. But what we’ve all realized over the last, you know, 20 years since Reg FD in 2001 is that management games, their numbers, and then they beat these made up numbers systematically. It’s a changing animal.

Numbers 147

Numbers Management Banking Marketing 147

Brown Advisory

MAY 16, 2016

Reported earnings don’t grow every year due to the business cycle and occasional outsized insurance losses (2001), but the progress over time is clear. Low rates also raise valuations for business acquisitions. A quarter-point difference doesn’t sound like much, but on $60 billion [Berkshire’s cash balance], it is still painful.

Insurance 52

Insurance Banking Investing Investments 52

The Big Picture

FEBRUARY 20, 2024

So, if you remember, we were, we were still rolling out various facilities like the, the, the term asset backed, the lending facility, for example. 00:20:24 They have, I don’t know, three, $4 trillion of custody assets from foreign. But we had a very mild recession in 2001.

Banking 147

Banking Economy Marketing Marketing 147

The Big Picture

JUNE 3, 2024

He really is one of the most knowledgeable people in this space, and not just knowledgeable in the abstract, but helping to oversee just about a hundred billion dollars in client assets. So that was in, that was in 2001 early then. And so I worked a lot on the asset allocation side. Really just a tour to force discussion.

Math 147

Math Marketing Marketing Engineering 147

The Big Picture

FEBRUARY 7, 2023

You know, if you’ve got $650 billion of assets floating around, including loans of actual buildings because you’re in the real estate business — RITHOLTZ: Right. COHAN: His memoir came out literally on September 11th, 2001. And this book comes out on September 11, 2001. RITHOLTZ: — autobiography.

Engineering 259

Engineering Banking Numbers Management 259