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. As bad as 2008 was, we're 3x from there. He makes a good point about not relying solely on math to assess markets and portfolio construction, that the psychology of markets is important too.

Asset Allocation 74

Asset Allocation Math Portfolio Assets 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

Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% It's not that 60/40, or some other combination of numbers is bad or dead, more like how we build the 40 or other number maybe needs to be different. when the chart starts, down to 1.09% per Yahoo, after bottoming out in the neighborhood of 0.50%. in November.

Portfolio 74

Portfolio Math Assets Retirement 74

The Big Picture

SEPTEMBER 19, 2023

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. New York is number one. Two reasons.

Assets 147

Assets Management Investing Investments 147

The Better Letter

MARCH 14, 2024

And about 60 percent of national champions are one of the four number one seeds. A roulette wheel hitting the same number seven times in a row ( one in three billion ). 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

Numbers 84

Numbers Medicine Math Marketing 84

Random Roger's Retirement Planning

FEBRUARY 8, 2023

Here are some other numbers compared to the S&P 500 and VBAIX which is a proxy for a 60/40 portfolio. 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. Not exactly. Obviously it was down almost 30% last year versus down almost 20% for the S&P 500.

Portfolio 40

Portfolio Math Management Investing 40

The Big Picture

NOVEMBER 22, 2022

Number one, and I think they both reflect strong leadership at the firms. Number one, you had, you know, somewhat of a groundswell from within the firm, certainly at leadership that said we need to figure out a way to do something. Key brands, number one, Coca-Cola Bottling is the company that really helped to jumpstart the city.

Recruitment 147

Recruitment Engineering Banking Investing 147

The Big Picture

MAY 30, 2023

Number one, a school district is a business. And number two, and I think that they were like, I’m sure there’s a note coming after this with a congressional allocation, and it never came. BRYANT: Number two, money is emotional. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Right.

Banking 147

Banking Economics Business Planning Economy 147

The Big Picture

DECEMBER 6, 2022

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I was employee number 10. RITHOLTZ: Which is really a pretty big number. BERRUGA: Exactly.

Clients 162

Clients Investing Investments Management 162

The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. We forget that there weren’t personal computers on everybody’s desk back then. That’s the opportunity set.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

FEBRUARY 13, 2023

RIEDER: — there was — and then, you know, punctuating with obviously 2008. And like I say, that’s part of why it’s translated to a number of people coming to BlackRock and be with me today. RIEDER: So I had known Larry Fink and Rob Caputo, our CEO and president, for a number of years.

Economy 147

Economy Numbers Marketing Marketing 147

The Better Letter

FEBRUARY 8, 2024

Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. Passer Ratings decline with every round of the draft except the sixth, the numbers for which are skewed by Brady.

Numbers 93

Numbers Education Management Math 93

The Big Picture

AUGUST 15, 2023

Or at least the top, pick a number, 30, 40%. I don’t remember the number. It started on January 1 of 2008. ” 29, 87, 74, just pick any 50 plus percent number and certainly 2000 and ’08, ’09, a major index gets cut in half. So you’re talking about an average of a large number.

Management 130

Management Investing Investments Government 130

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. Like that solves like a number of issues.

Retail 130

Retail Banking Math Management 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.). It’d be like retiring at the bottom of 2009 with still-decent numbers. the current blowup) -20% so far What’s your guess?

Marketing 53

Marketing Marketing Retirement Investing 53

Good Financial Cents

APRIL 14, 2023

It didn’t happen overnight for me, but then few blogging resources were available when I started out in 2008. Debt numbers like that can keep a lot of young people from ever getting out of the starting gate. Earning Potential: Varies by hourly rate and number of hours worked per month. It’s free, and right here on this website.

Accounting 91

Accounting Communication Investing Investments 91

The Big Picture

MARCH 27, 2023

MIELLE: After 2008? RITHOLTZ: 2008, ’09. RITHOLTZ: There’s safety in numbers. MIELLE: And then the biggest luck of it all, is I joined Canyon in the ‘90s and there was a tsunami that literally lifted all waves of hedge funds from ‘90 to 2008 and even beyond. The numbers are correct. Tell us about that period.

Assets 285

Assets Investing Investments Management 285

The Better Letter

OCTOBER 20, 2022

It describes “a person’s inability to make sense of the numbers that run their lives.” To do math, neither maturity nor knowledge of human nature and experience are required. Back in 2008, then Exxon CEO Rex Tillerson noted that the company spends a billion dollars a day to run the business.

Math 81

Math Numbers Banking Medical 81

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. And when we look back to the early days of that outperformance, there were a tiny fraction of the number of funds then. ILMANEN: Yes.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

MARCH 12, 2024

So a lot of the headline names, you see a lot of the stories you see about, about the financial crisis, a significant number of, of those investors we were helping in security selection, modeling, and analytics. My family and I moved to McLean, Virginia in, in 2008. You’re actually crunching a lot of numbers.

Banking 147

Banking Marketing Marketing Investing 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. I think I was up 20 or 25%, right?

Investing 246

Investing Investments Startup Accounting 246

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. Honest back testing, really looking at the numbers versus exaggerating returns and, and making up the claim that something’s live when it’s not.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

JULY 31, 2023

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. So, so you choose a number of specific industries or did you choose them? RITHOLTZ: Wild number.

Retail 130

Retail Government Economy Economics 130

The Big Picture

AUGUST 17, 2023

New York Times ) • Bond Yield Hits Highest Since 2008, Adding Pressure to Borrowing Costs : Bets that interest rates will fall have suppressed 10-year yields for most of 2023, but analysts warn that may be changing.

Insurance 246

Insurance Math Taxes Economy 246

The Big Picture

APRIL 8, 2024

. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio Barry Ritholtz : This weekend on the podcast, ed Hyman returns to talk about all things economic analysis, what’s going on in the world, how he’s built an incredible career, oh my God, 43 times number one ranked in the Institutional investor survey in economics.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

APRIL 2, 2024

Really, the work he’s done on inequality came after the Nobel Prize based on a book him and his wife put out, and a number of papers. So when I was at this very fancy private school that I was at as a kid, I did math because it gave me a huge amount of free time to do the things I really cared about. Am I getting right?

Healthcare 147

Healthcare Medicine Economics Numbers 147

The Big Picture

FEBRUARY 17, 2025

And I did a lot of options math, which I thought was interesting. But it, it, summer of 2008, as you can imagine, was a really interesting time, particularly for the convertible bond desk because we were the busiest desk. So during my time there, I was probably employee number four or five. What’s that like?

Investing 147

Investing Investments Economics Management 147

The Irrelevant Investor

AUGUST 9, 2018

These numbers are so incomprehensibly large that they lack any meaning. Sri Thiruvadanthai made the astute observation that "even if pensions had put all their money in stocks at the end of 2008, it wouldn't have made much difference to their funding status." It's like saying that Pluto is 4.67 billion miles away from the earth.

Economics 52

Economics Investing Investments Distribution 52

The Big Picture

JUNE 20, 2023

That’s a shocking number. I think there’s a number we have in the book, maybe $70 million or something in fees to take care of. RITHOLTZ: Really, that’s a big number. It’s very hard to, you know, getting numbers on this stuff, they really don’t want to help. They knew the numbers.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

NOVEMBER 19, 2024

Behavioral finance has a number of fathers, including Dick Thor and, and Danny Kahneman. Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And number theory was just too mind blowing, you know, for me. The math doesn’t math. That was too abstract.

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. As my friend Morgan Housel has explained , “Every forecast takes a number from today and multiplies it by a story about tomorrow.”

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 can work for a while and sometimes climbs to extraordinary numbers, but it comes to a bad ending. Omaha is a nice weekend getaway with a number of attractions in addition to the annual meeting events.

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 can work for a while and sometimes climbs to extraordinary numbers, but it comes to a bad ending. Omaha is a nice weekend getaway with a number of attractions in addition to the annual meeting events.

Assets 52

Assets Investing Investments Insurance 52

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

And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. So, I did the math, 20 million times a hundred.

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. If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? That’s unbelievable.

Taxes 280

Taxes Banking Clients Management 280

The Big Picture

OCTOBER 4, 2022

I sent email to Marc Maron because he had the number one podcast. 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.

Numbers 303

Numbers Medicine Food Math 303