The Big Picture

MARCH 1, 2025

Long Now Foundation ) The hardest-working font in Manhattan : In 2007, on my first trip to New York City, I grabbed a brand-new DSLR camera and photographed all the fonts I was supposed to love. Economy Depends More Than Ever on Rich People : The highest-earning 10% of Americans have increased their spending far beyond inflation.

Math 162

Math Startup Engineering Economy 162

The Better Letter

JUNE 13, 2024

Metro station during rush hour in 2007, playing some of the masterworks of the classical repertoire on a 1713 Stradivarius for which he is reported to have paid $3.5 Moreover, “proof” in science in inductive and doesn’t have the deductive certainty that it can in math. Humans have split atoms and spliced genes.

Math 91

Math Investing Investments Economics 91

The Big Picture

MARCH 12, 2024

They 00:38:39 [Speaker Changed] Price insensitive, they 00:38:41 [Speaker Changed] Right, they cared what the lower mortgage rate did to the economy. 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.

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

NOVEMBER 21, 2023

I would say the thing that connects them is just voracious curiosity about the world of politics and, you know, economies and trying to make sense out of it. I had just gotten married in the fall of 2007. So here’s the math, Barry. I do think when I look for analysts today, I look for interesting backgrounds.

Investing 246

Investing Investments Startup Accounting 246

The Irrelevant Investor

AUGUST 9, 2018

The Atlantic asks Are Stock Buybacks Starving the Economy ? These sort of numbers will always grind higher as the economy grows over time. Tech companies, the companies making the most money and conducting huge buybacks are in fact spending 18% of their revenue on R&D and Cap-ex, up from 13% in 2007.

Economics 52

Economics Investing Investments Distribution 52

The Big Picture

JUNE 20, 2023

In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9. An economy does better if the most people are prosperous, right? RITHOLTZ: Wow.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Better Letter

JANUARY 2, 2025

As always, I lead with Wall Street, the markets, and the economy, the objects of my day job. In 2007, Steve Ballmer, then the CEO of Microsoft, said , “There’s no chance that the iPhone is going to get any significant market share. 2024 wasn’t any different. How will the market perform? billion users.

Management 103

Management Marketing Marketing Economics 103

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 so, in the 23rd of December 2007, two days before Christmas, they applied for $230 million fraudulent tax refund. How many do you have in your fleet? It is $2 billion on the ship.

Government 321

Government Banking Numbers Investing 321

The Big Picture

OCTOBER 4, 2022

A good example of that is like you take something from a cognitive reflection testy or something — like — I’ll make it real simple so we don’t have to like do the weird math on this. MCRANEY: Maybe like 2008, 2007, around there. RITHOLTZ: Right. RITHOLTZ: Okay. is a laggard. MCRANEY: Yes.

Numbers 303

Numbers Medicine Food Math 303

The Big Picture

NOVEMBER 12, 2024

You know, anything you dug into was a story that would tell you something about power and the trajectory of, of the Chinese economy. I love the Washington Post, but I thought, well, I better do this sleepy story, the national economy. It’s the fall of 2007. Where are they selling their product? That could be significant.

Manufacturing 261

Manufacturing Consulting Economics Engineering 261