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A 20% drop in managed futures that is leveraged to a 40% weight would have added another 800 basis points to the decline (simple math). The first from when I worked at Fisher Investments in 2002. In 2008, VBAIX was down 23%. The risk/reward in this example doesn't seem worth it to me.
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. Maths has a long half-life and a DCF correctly done accounts for inflation. GAAP in 2002 7.
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. Was that the plan or was he just going to announce it? Oh my goodness.
It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). Only the Great Depression and the 1960s slump would have foiled this plan, and even then just barely.
And I think you will also, if you are at all curious about estate planning or investing or personal finance, this is not the usual discussion and I think it’s very worthwhile for you to hear this and share it with friends and family. What was your original career plan? I did it in 2000, 2002. I did it in 2008 in oh nine.
The last sentence is about the math involved not about the right and wrong of any of it which we'll get to. A very undramatic example of this is all the championships that Boston teams won from 2002 until 2018 and we'll see what the Celtics can pull off this year. if self employed on dollars $160k-$200k. Nearly half of U.S.
Was that where you plan to go? We talk about an S-curve for most industries, and there’s a very rapid expansion when you start with a good idea, and few people going after a very large pot, especially for distressed when you think of the 2001, 2002 periods. But let’s roll back a little bit. You get an MBA at Stanford.
And I was a math nerd as a kid. And the division that I was in was below plan. 00:31:27 [Speaker Changed] So, so it sounds like you start out planning on holding to these stocks for a long time. 00:49:30 [Speaker Changed] I bought it around 2000 and it crashed around 2002. They announced a $640 million loss and ouch.
And then in ‘94 and ’98, you know, all had a different stream to 2002. Was that something you were planning on doing or — RIEDER: No. 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.
I’m kind of in intrigued by the idea of philosophy and math. What was the career plan? Well, there was no career plan really. 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. 00:01:48 [Savita Subramanian] Yeah.
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