The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. So you’re Chief Investment officer of Asset and Wealth Management. Is that more or less right?

Assets 299

Assets Clients Investing Investments 299

Random Roger's Retirement Planning

JULY 8, 2023

That is difficult to pull off but if you do the math on that it shows long term outperformance. That is not guessing what markets will do, that is just managing asset allocation and cash needs. Remember, the peak in the S&P 500 in October, 2007 was 1565. Then it more than cut in half but is now at 4400.

Asset Allocation 74

Asset Allocation Math Portfolio Assets 74

Darrow Wealth Management

MAY 22, 2023

The federal funds rate hasn’t been this high since 2007 when it peaked at 5.25%. Again just using simple math, this presumes the par value will roll over each month and reinvest at the same rate to get to the annual yield. This has been the faster pace of rate hikes since the 1980-1981 cycle. 467% a month.

Investing 102

Investing Investments Accounting Wealth Management 102

The Big Picture

SEPTEMBER 12, 2022

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, 2007, I came over to Citi. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah.

Clients 299

Clients Wealth Management Banking Investing 299

The Big Picture

FEBRUARY 6, 2024

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. And actually Ben Inker is the head of our asset allocation group. We, we call asset allocation at GMO. Finance was the natural fit for GMO.

Valuation 130

Valuation Investments Investing Assets 130

The Big Picture

MARCH 12, 2024

They’re asset allocation model driven folks. Over time, the home ownership rate’s grown to sort of mid sixties and bobble around it got really, really high when we were giving away mortgages in 2007. 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 Investments 147

The Big Picture

NOVEMBER 25, 2024

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. And I just caught the bug. Become options market makers. You learn the technology.

Portfolio 147

Portfolio Management Marketing Marketing 147