The Big Picture

NOVEMBER 22, 2022

RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? But really, even that experience was about building great friends that I played football with. And many of those gentlemen have gone on to do incredible things as well. It seems to be like the field goal seems to be one of the most mathematical parts of football.

Recruitment 147

Recruitment Engineering Banking Investing 147

The Big Picture

JULY 4, 2023

RITHOLTZ: So you launch your own firm IDW in 2003. So we were all learning as we went and just by virtue of doing really one search, it made me the expert because no one else was doing it and so I built my business from there. By the way congratulations that’s 20 years ago so you’re celebrating a big anniversary this year.

Management 147

Management Recruitment Numbers Banking 147

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. So my grandmother realizing that this was her source of income, wanted to be sure she had the right stocks, and she got a trial subscription for 29 bucks for 13 weeks of the value line. It was the kind who thought it’s cool that 1, 2, 3, 4, 5, 6, 7, 8, 9 times eight is roughly 9, 8, 7, 6, 5, 4, 3, 2, 1.

Management 264

Management Investing Investments Retail 264

The Better Letter

NOVEMBER 2, 2023

I couldn’t make that math work at all plausibly. That said, over the past 20 years (2003-2022), the S&P 500 delivered a 9.80 It’s almost all powerful and good stuff, with one major error. Did you catch it? Here’s about as close as I could come. Maybe he simply made a mistake. Maybe he misspoke.

Certified Financial Planner 96

Certified Financial Planner Investing Investments Portfolio 96

The Big Picture

NOVEMBER 15, 2022

I mean, there were some advisor pickup, but you had to be kind of on the front edge of finance, or a quant, or running your own models, which in 2003, was not that common. So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor.

Management 278

Management Assets Portfolio Investing 278

The Big Picture

MARCH 12, 2024

So that little detour was in 2003. So think about 2003 home prices had gone up a lot from 2000. So mortgage position in 2000 were way more valuable in 2003 than they were when they originated because they weigh less credit risk. And I was always good at math and, and I had been writing code since I was in the sixth grade.

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

NOVEMBER 19, 2024

Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And there was people, Physics didn’t have, people, psychology didn’t have math, economics was kind of the right mix. The math doesn’t math. That was too abstract. Yeah, I’m gonna vote.

Economics 162

Economics Math Numbers Marketing 162

The Better Letter

JANUARY 11, 2024

That’s why the markets are much more of a mind game than a math game. And that’s why markets will always be exceedingly hard, even when the math seems easy or the future seems certain. Stop with the math.` Beyond the present lies imagination. And lots of surprises. Also interesting. The most optimistic.

Economy 97

Economy Economics Math Banking 97

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 that persistent until about 2003. He went through the math and I’m like, wow, that’s a great return. I realized I am not like these people and this is not what I want to do. But those guys are great, right?

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

AUGUST 23, 2022

So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. And he came up with a plan in late 2003 to solve this problem with the oligarchs and what he did was there was one oligarch in particular who was the richest oligarch. They said, seven years.

Government 321

Government Banking Numbers Investing 321

The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. So you got the tax cuts in 2001, and then you got another one in 2003. Problem is, the math doesn’t work 01:20:33 [Speaker Changed] Well, you know, math, who really believes numbers should add up. I mean that was, that was the problem.

Taxes 147

Taxes Economy Government Budgeting 147