The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. RITHOLTZ: When did the investment management side of the business began? NORTON: Yeah. NORTON: Yeah.

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. She is an author and former hedge fund trader, specializing in distressed assets.

Assets 286

Assets Investing Investments Management 286

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? And then I was the beneficiary of the TMT bubble bursting in 2001. If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. That background of being an accountant was just great bedrock training.

Assets 300

Assets Clients Investing Investments 300

The Big Picture

APRIL 11, 2023

RITHOLTZ: So that’s really interesting because what I wrote down was tax efficiency is one of the drivers. DAMODARAN: If I can throw this out to my class, and the first thing they come up with is it more tax-efficient to do buybacks than dividends? DAMODARAN: Capital gains then were taxed with 28 percent. DAMODARAN: Right.

Valuation 299

Valuation Education Numbers Government 299

The Big Picture

OCTOBER 5, 2024

And like, one way that the government could address it is by taxing people so they have more money so they could maybe distribute more money. Now between taxes, problems with insurance and all the HOA fees, the homeowners association fees for condos and houses have gone up. But that’s very unpopular. You can do media.

Economy 163

Economy Education Insurance Economics 163

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 all tax free.

Numbers 148

Numbers Management Banking Marketing 148

The Big Picture

JULY 15, 2024

Matt Eagan has spent his entire career in fixed income from credit analyst to portfolio manager. Now he’s the head of the discretion team at Loomis Sales, which manages well over $335 billion in client assets. And when we’re done, we would go back to our research and also dabbled in a little portfolio management.

Portfolio 148

Portfolio Banking Management Portfolio Management 148