Random Roger's Retirement Planning

DECEMBER 10, 2023

A little more specifically the need for diversified portfolios persists with the implication that bonds are the way to get this done. This chart contributes to the logic supporting a 60/40 portfolio. As a matter of math, it cannot repeat the run from 8.5% down to 0.50% let alone from the all time high of 15% down to 0.50%.

Portfolio 74

Portfolio Math Assets Retirement 74

The Big Picture

FEBRUARY 6, 2024

If you’re at all interested in focused portfolios, the concept of quality as a sub-sector under value and just how you build a portfolio and a track record, that’s tough to beat. Dick Mayo was a traditional, I’d say portfolio, strong portfolio manager focused on US stocks. So I was at Harvard.

Valuation 130

Valuation Investments Investing Assets 130

The Better Letter

MARCH 18, 2025

Both 2021 and 2022 each had 14 upsets; there were 10 upsets in 2023 and nine in 2024, if only three in 2007. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 It applies to your personal portfolio, too. quintillion.

Numbers 75

Numbers Marketing Marketing Medicine 75

The Big Picture

SEPTEMBER 3, 2024

All of their portfolio managers not only are substantial investors in each of their funds, but they do a disclosure year that shows each manager by name and how much money they have invested in their own fund. So we really think that it creates alignment to have our portfolio managers meaningfully owning shares of the funds that they manage.

Investing 147

Investing Investments Management Valuation 147

The Big Picture

AUGUST 8, 2022

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing. ADMATI: Yes.

Banking 204

Banking Government Insurance Taxes 204

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. 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.

Retail 130

Retail Banking Math Management 130

The Big Picture

AUGUST 15, 2023

That’s a really easy portfolio to create. It allows you to understand, generally speaking, what is a reasonable beta for that whole portfolio. By the time I got there in ’92, they had a great venture portfolio and almost nobody else even understood what venture capital was. This is the summer of 2007.

Management 130

Management Investments Investing Government 130

Brown Advisory

NOVEMBER 13, 2023

Additionally, underbuilding in the years following the subprime mortgage and global financial crisis of 2007-2010 resulted in a systemic shortage of housing that has driven rapid appreciation in home prices and rental costs alike.

Investments 52

Investments Investing Portfolio Clients 52

The Big Picture

OCTOBER 17, 2023

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. You joined in 2007, what led you there? It gets further and further away the D P U go.

Investments 130

Investments Investing Clients Numbers 130

Mr. Money Mustache

MAY 20, 2022

It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). If you retire just BEFORE a big stock market crash, your first few months or years will drain your portfolio a bit more than you expected, until stock prices recover.

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

MARCH 12, 2024

So that’s an active part of portfolio trimming and opt and optimization. The good news is no one event has a big impact on the portfolio. 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 25, 2024

Not only did he stand up a research shop from a dorm room in college and started selling model portfolios to fund managers, but eventually created a suite of first mutual funds. And I, and I really like the application of math and statistics and computer science to markets. People have described that in the past as portable alpha.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

NOVEMBER 21, 2023

And I said, Paul, I don’t know anything about managing a public portfolio, but the deal we made with each other. I had just gotten married in the fall of 2007. So we repositioned our portfolio at the end of 22, recognizing that there had been too many dollars that went into safety trades. So here’s the math, Barry.

Investing 246

Investing Investments Startup Accounting 246

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. MORGENSON: And so, he buys this portfolio of junk bonds. I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9. RITHOLTZ: Wow.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Better Letter

JANUARY 2, 2025

William Priest, chairman, co-chief investment officer, and a portfolio manager at TD Epoch, picked Meta (+66 percent), which handily beat the S&P 500, but his other four picks did not. 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.

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. The currency devalued by 75 percent and my portfolio, which was above $1 billion, went down 90 percent. And this had an unbelievably positive affect on the value of my portfolio.

Government 321

Government Banking Numbers Investing 321

The Big Picture

NOVEMBER 12, 2024

It’s the fall of 2007. I do the math. It’s that there’s a sort of portfolio rebalancing, and I, I, I would put it to you this way, we’ve talked a lot about Walmart. I’m working in the New York Bureau of the Washington Post. Wasn’t all that keen to leave.

Manufacturing 261

Manufacturing Consulting Economics Engineering 261