The Big Picture

NOVEMBER 21, 2023

And we sold our stake in the business to Barry Diller in 2001. So here’s the math, Barry. If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that, your 00:44:48 [Speaker Changed] Corporate tax free. You take it out tax free as well. It was fortuitous.

Investing 246

Investing Investments Startup Accounting 246

The Big Picture

MARCH 27, 2023

So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. And you go through what the endowment is invested in, and there are a few sites that do this because they have to do tax filings. I think if I recall correctly, there were some 600 bankrupt companies in one year.

Assets 285

Assets Investing Investments Management 285

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. Very different fields.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JULY 15, 2024

I started out math and, and physics, and in high school I was a rock star in math and physics. And some of them have, you know, the terms that say, Hey, well this is gonna convert at this low price when the prices up here, it’s a win-win other than having to pay the taxes. You gotta go back to the 2001 recession.

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

MARCH 17, 2025

You sit in a room all day doing tax returns or something, it’s just not, you know, that it seemed antisocial. Wasn’t the Excel spreadsheet error, which changed their math. A massive buildup in military, you know, couple of huge tax cuts deficits were increasing, the debt was increasing very rapidly. I mean Yep.

Taxes 147

Taxes Economy Government Budgeting 147

The Big Picture

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 147

Math Marketing Marketing Engineering 147