Brown Advisory

JUNE 16, 2022

We discount each year at our 10% minimum weighted average cost of capital (WACC) and some infinite series maths gives us the basis for some rough approximations 2. Specifically, economics has a half-life of 9.4 Maths has a long half-life and a DCF correctly done accounts for inflation. GAAP in 2002 7.

Investing 52

Investing Investments Accounting Valuation 52

Mr. Money Mustache

MAY 20, 2022

Which has in turn triggered the more skittish stock investors to run for the exits and completely change their view of our economic future, flooding the financial news with red ink and scary headlines. Now that we’ve covered the background, we can get into some better news: This is all a normal, healthy part of the economic cycle.

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

AUGUST 15, 2023

To give you a fun story, we launched Protégé Partners in 2002. And in 2002, the bucket of the largest hedge funds was those north of $1 billion. SEIDES: Before 2002, there were no capacity issues with whoever you thought the best hedge funds were. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns.

Management 130

Management Investing Investments Government 130

The Big Picture

MARCH 27, 2023

since the ‘80s regarding economic mobility, that there used to be a huge ability to move up, or at least be in a better situation than your parents were. Tell us about how you saw this lack of diversity and the lack of economic mobility. And the data implies that from the 1980s forward, that kind of stopped.

Assets 285

Assets Investing Investments Management 285

The Big Picture

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. I did it in 2000, 2002. And I think it partly depends on the economic comfort in which you grew up. It’s, it’s a temporary move.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. I’m going to be skeptical about analyst adjusted earnings and look to free cash flow is a confirming, but, but I also wanna see, is it one of those cases where the analyst adjustments are economically realistic or are they excuses? And the value line has all these statistical patterns.

Management 264

Management Investing Investments Retail 264

The Big Picture

FEBRUARY 13, 2023

And then in ‘94 and ’98, you know, all had a different stream to 2002. RIEDER: And all of a sudden, you change the economic paradigm so darn fast. How are we doing in literacy versus math versus science? You know, then by the way, it wasn’t like the crises ended between 1990 and the recession on the S&L dynamics.

Economy 147

Economy Numbers Marketing Marketing 147