This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. It’s just math stick to it over long periods of time. If you go back to 2005, when I joined Orbis, the bricks was all the rage.
In the big picture, this usually leads to having a “successful” life, because of this basic math: Traditional Success. =. Since 2005 I made “being a Dad” my primary goal in life, quitting my career to do so. How much work you do. How much society happens to value your work. The Nitty Gritty of Traditional Success.
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. So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? And I love that.
That’s well above the 2005-2019 pace of 1.5%, and it is currently higher than what it was in the late 1990s. By my math, there have been 57 Super Bowls and 22 different winners. Up Goes Productivity The other important data point we received last week was productivity. I broke the data down by franchise and city.
Those types of excess savings were sort of the culprit for the conundrum in 2005 or whatever it was. And so, I write about it both — I do know, the simple maths about it how you can double shop ratios for uncorrelated strategies and then remind that it’s really difficult to find for uncorrelated strategies in long-only world.
We, we made in 2005, I believe. That 00:15:42 [Speaker Changed] Was first AI investment, 2005. So here’s the math, Barry. Fair Cast was an investment, a series B investment. In fact, we backed the head of artificial intelligence. Listen to this, Barry. We backed the head of artificial intelligence at that time. We back it.
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. I read all those academic papers, I understand where the math comes from. It’s how math works. NADIG: — in 2005 is probably wrong. RITHOLTZ: Right.
This was the era, 2005, 2006, all of my friends were looking to get banking roles. And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. It’s just not smart on a math basis to do that.
It was a wild ride because by the time you got, well, so in 2005, we went on a road show trying to tell people what we had learned, and there wasn’t a lot of reception. And in the 2000 at the 2005 conference, it’s kind of wild. And I was always good at math and, and I had been writing code since I was in the sixth grade.
And this was back in 2005 or 2006. So, it’s not one of these fuzzy math situations where you don’t really know what the value of the fund is because it’s got private companies in it that are being marked by individuals who have an ax to grind in the mark. And these guys don’t like money sitting on a shelf.
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. To find the answer, CXO collected and investigated 6,584 forecasts from 2005-2012 for the U.S. Stop with the math.`
Initially, it was started in 2005 and it was called Revolution, but it was just my capital. The math never seems to work out. CASE: Well, it began a few years after I stepped down as CEO of AOL, and I was trying to figure out what my next act was going to be. A little over a decade ago, we decided to open up to outside capital.
RITHOLTZ: 2004, 2005. RITHOLTZ: 2005. So this is the math that I applied. So think about this, do the math. LINDZON: But that math, if you really put it in a calculator … RITHOLTZ: Becomes a problem. LINDZON: Yes. So I was fascinated that a businessman could build businesses on the internet. LINDZON: I hate CNBC.
When I look back at 2005, ’06, ’07, yeah, those growth stocks that collapsed from way too high, probably were too low. And I’m like, “Well, if Bob Shiller is putting on the seatbelts, maybe he’s done the math, maybe I should be wearing a seatbelt in the back of the car.” SIEGEL: Yes.
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 so, it wasn’t just a fishing boat, it was an oceangoing factory, very impressive. And asked them, how much does one of these things cost, and they said, $20 million new.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content