The Better Letter

MAY 30, 2024

The late David Foster Wallace spoke eloquently, movingly even, about this egocentric delusion in a fantastic commencement address he delivered at Kenyon College in 2005 in a way that just might help to loosen the hold of this delusion on those of us able to hear what he had to say. This isn’t news.

Education 89

Education Numbers Medicine Ethics 89

The Big Picture

JANUARY 9, 2024

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. You were saying that you had a code of ethics, but then your CEO was sexually harassing people. Like that solves like a number of issues. And I love that.

Retail 130

Retail Banking Math Management 130

The Big Picture

AUGUST 29, 2022

I mean, I could count them on one hand the number of people who have his depth of knowledge in this space. And I think that’s maybe part of my legacy if there is one here is to — I was — in 2005’-‘07, I was like, oh, my god, I was like kicking the tires on ETFs, and I’m like, “These things are going to take over.”

Assets 173

Assets Management Marketing Marketing 173

The Big Picture

DECEMBER 14, 2022

MCCARTHY: I’d back up actually a little bit further in thinking about how did I get there, because I don’t think it was very obvious actually that I would come out of Yale with an ethics, politics and economics degree — RITHOLTZ: Perfect really, right? MCCARTHY: — and end up in M&A on Wall Street. RITHOLTZ: Right.

Assets 162

Assets Investing Investments Portfolio 162

The Big Picture

JULY 19, 2022

Those types of excess savings were sort of the culprit for the conundrum in 2005 or whatever it was. We’ve come from the lows but we are still like, let’s say, 60 to 40, two percent real yield is roughly the number as opposed to the four plus long run. Don’t sacrifice your ethics, that integrity matters. What is it?

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

NOVEMBER 15, 2022

I have lots of different ways I can get that number to go up. It’s still a fairly small number. You can make smaller bets that are lower Kelly number. NADIG: — in 2005 is probably wrong. NADIG: Well, so you know, if you think about right now, I have a million dollars, I want to put the work. NADIG: It is.

Management 278

Management Assets Portfolio Investments 278

Brown Advisory

MAY 16, 2016

Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. Ruane passed away in 2005.

Insurance 52

Insurance Banking Investing Investments 52