Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% Using Vanguard funds as proxies, VFINX for domestic equities and VGTSX for international equities, an investor who retired with $1 million on Dec 31, 2007 who immediately took out their 4% for 2008 would have had $576,000 at the end of 2008. in November.

Portfolio 74

Portfolio Math Assets Retirement 74

Random Roger's Retirement Planning

DECEMBER 11, 2024

The way portable used to primarily be implemented was to leverage up with correlated assets and it ended up going very badly in 2008 when equities dropped 40%. The risk to 40% or 30% of managed futures via leverage is that in a year like 2008, instead of going up like they "should," managed futures drops 15 or 20%.

Portfolio 52

Portfolio Management Math Taxes 52

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. I could maybe flip that around a little bit since I think particularly post 2008, 2009, the quality style of investing has become a lot more popular.

Valuation 130

Valuation Investing Investments Assets 130

The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. What percentage of the assets are in ETFs relative to mutual funds? So fast forward to where we are today, we have over $40 billion in assets under management. BERRUGA: You know, great question. RITHOLTZ: Wow.

Clients 162

Clients Investing Investments Management 162

Random Roger's Retirement Planning

FEBRUARY 8, 2023

The way the math works, a 67% allocation to NTSX replicates 100% into a 60/40 portfolio which leaves 33% left over to do something. RSBT is managed as a joint effort by Newfound Research, ReSolve Asset Management and Toroso Investments. The WisdomTree US Efficient Core Fund (NTSX) is an easy example for understanding the concept.

Portfolio 40

Portfolio Math Management Investing 40

The Big Picture

AUGUST 15, 2023

So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. If you look at the types of assets that Yale invests in, you can create a benchmark for each pool.

Management 130

Management Investing Investments Government 130

The Big Picture

MAY 30, 2023

BRYANT: So money, unlike math, money is highly emotional. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there. I believe I love math because it doesn’t have an opinion, that’s a Melody Hobson quote. BRYANT: Pioneer, and he was an asset owner. RITHOLTZ: Right.

Banking 147

Banking Economics Business Planning Economy 147

The Big Picture

NOVEMBER 22, 2022

And so they stood up a firm called AltFinance, whose main purpose was to help alternative asset managers tap into that rich pool of potential hires. RITHOLTZ: So generally speaking, alternative assets, that’s a tough gig to get into regardless of where you go to school. I also saw that they had some really unique assets.

Recruitment 147

Recruitment Engineering Banking Investing 147

The Big Picture

JANUARY 9, 2024

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 it stopped in like September of 2008. It was derivatives math, it was like working with the traders on like risk management. And so for six months there were no deal.

Retail 130

Retail Banking Math Management 130

Mr. Money Mustache

MAY 20, 2022

Instead of investing in a productive asset, these speculators were just assuming the recent momentum would continue. 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.). 2) My net worth has just cratered by 20%.

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

FEBRUARY 13, 2023

And this is just a masterclass in how to manage assets, think about your career, understand the relationship between markets, between fixed income, the Fed, the dollar, sentiment, consumer spending, just everything is related and understanding what matters when is the key to your success. He helps to oversee $2.5 RIEDER: Yeah.

Economy 147

Economy Numbers Marketing Marketing 147

Good Financial Cents

APRIL 14, 2023

And because it is a business, it’s a way of building a major asset. It didn’t happen overnight for me, but then few blogging resources were available when I started out in 2008. I don’t own a single asset, anywhere, that doesn’t pay a dividend.” Earning potential: 10% – 50% per trade, depending on your investible assets.

Accounting 91

Accounting Communication Investing Investments 91

The Big Picture

MARCH 27, 2023

She is an author and former hedge fund trader, specializing in distressed assets. MIELLE: Well, I mean, it was a fairly new asset class. I think, you know, it’s not until probably Farallon came into existence, that it became a real asset class in itself, that stressed and distressed was a category that was thought as investable.

Assets 285

Assets Investing Investments Management 285

Random Roger's Retirement Planning

FEBRUARY 1, 2024

It appears to have 37% in equities mixed between "aggressive growth stocks" and "real estate and natural resources," 25% in precious metals, a little bit in "Swiss franc assets" and the rest in "dollar assets" which are mostly bonds. For the last 15 years PRPFX has average annualized growth of 6.7%, about half that of the S&P 500.

Portfolio 40

Portfolio Math Assets Taxes 40

The Big Picture

JULY 19, 2022

But it was — on the other hand, it was just a great place, well, first to try it but the second thing is when 2008 came along, it was one of the few places that we’re making money. You mentioned in the beginning of the book lower asset yields and richer asset prices have pulled forward future returns. ILMANEN: Yes.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

MARCH 12, 2024

No income, no job, no assets were exactly ninja, Sean Dobson : No pulse seems reasonable. We see it as, like I said, about 50 million assets and we’re modeling up the value of every home in the country, every, every week, basically. We’re we’re the quant shop in real estate, in the quant shop in physical assets.

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. We were talking about luck earlier, got introduced to a local asset manager outside of Boston who saw what I was working on and said, this is really interesting. I mean, that’s why it gathered so many assets.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

NOVEMBER 21, 2023

I had my first child in June of 2008. Now, the first half of 2008, I was doing pretty well in the fund. But of course, I didn’t know the world was gonna meltdown in 2008. I bought Priceline on November 1st, 2008. And we would go on to sell that business to Microsoft in 2008. So here’s the math, Barry.

Investing 246

Investing Investments Startup Accounting 246

The Big Picture

FEBRUARY 17, 2025

And to round out your background, you spend time at Alliance Bernstein, JP Morgan Asset Management and Morgan Stanley. Which was interesting because I actually started my career at JP Morgan Asset Management in the high yield and investment grade credit research team. And I did a lot of options math, which I thought was interesting.

Investing 147

Investing Investments Economics Management 147

The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. It’s not as, as strong as your business in the asset management business. Hustle was managing institutional right assets. Tell us a little bit about the plan for launching an independent economics research 00:09:15 [Speaker Changed] Shop.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JUNE 20, 2023

I think that the asset stripping that has also occurred, pensions, for instance, are sold off, overfunded pensions get sold off and that goes into the private equity firm instead of into the company itself. Or should this be kept out of private asset allocators’ hands? How about putting more of your own skin in the game?

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

NOVEMBER 19, 2024

Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And there was people, Physics didn’t have, people, psychology didn’t have math, economics was kind of the right mix. The math doesn’t math. That was too abstract. Yeah, I’m gonna vote.

Economics 162

Economics Math Numbers Marketing 162

The Better Letter

JANUARY 11, 2024

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. Like it or not, the unimaginable outcomes are the ones that make the biggest spread between expected asset returns and the actual result.”

Economy 97

Economy Economics Math Banking 97

Brown Advisory

AUGUST 1, 2018

In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% That compounding is the power of putting your money into the productive assets of businesses within the American system. Gold, the unproductive asset, delivered less than 1 cent for every dollar delivered by U.S.

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

AUGUST 1, 2018

In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% That compounding is the power of putting your money into the productive assets of businesses within the American system. Gold, the unproductive asset, delivered less than 1 cent for every dollar delivered by U.S.

Assets 52

Assets Investing Investments Insurance 52

David Nelson

AUGUST 8, 2022

The managers receive a 2% annual fee on the assets under management or AUM and a 20% share of the profits. IBM Stock Buybacks since 2008 – Do the Math. For the uninitiated, Carried Interest is the share of profits a private equity or hedge fund manager would receive. A typical arrangement is 2 & 20.

Taxes 98

Taxes Budgeting Math Management 98

The Big Picture

MAY 2, 2023

Ben Clymer took a buyout offer from UBS in 2008 right in the middle of the financial crisis and said, “I know what I’m going to do. 2008, you launched a blog after you leave UBS in the midst of the financial crisis. RITHOLTZ: Hey, in 2008, that was not nothing. I know a little bit about that. CLYMER: It started for fun.

Retail 173

Retail Insurance Advertising Numbers 173

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. Asset management group had made an argument and then the investment bank says, he works here, and then the emerging market people say, what about us, and it was going on and on.

Government 321

Government Banking Numbers Investing 321

The Big Picture

OCTOBER 3, 2023

You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. You’ve got a big asset management business that you care about. They didn’t make it through 2008. There were certain things you couldn’t avoid.

Taxes 280

Taxes Banking Clients Management 280