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 that a bit of that cult, Dick and Ike are both retired now. And I very much get the sense he has no interest in retiring. Learn math, learn history.

Valuation 130

Valuation Investments Investing Assets 130

The Big Picture

DECEMBER 6, 2022

It has to be such a different set, the retirement planning is different, the safety net is different. People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. So a phenomenal learning experience with both Jefferies and Morgan Stanley.

Clients 162

Clients Investments Investing Management 162

The Big Picture

AUGUST 15, 2023

It started on January 1 of 2008. SEIDES: In Warren’s 2008 annual letter, I think it was 2008, he made a statement. RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. SEIDES: That’s right. So that’s how it came about.

Management 130

Management Investments Investing Government 130

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. But it just didn’t become a great success. RITHOLTZ: Just not a great fit. ILMANEN: Yes. RITHOLTZ: Right. That makes a lot of sense.

Investments 130

Investments Investing Valuation Portfolio 130

Good Financial Cents

APRIL 14, 2023

With more money at our disposal, we maxed out our retirement accounts and invest in real estate, while we travel 12 weeks annually.” – Holly Johnson, Freelance Writer and Blogger at ClubThrifty.com Holly has become so successful as a freelance writer that she now offers a course helping others succeed on the same path.

Accounting 91

Accounting Communication Investing Investments 91

The Big Picture

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. And then when I left the journal for the first time in 2008, they said, well, who should we hire to replace you? I did it in 2008 in oh nine.

Investments 147

Investments Investing Management Retirement 147

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. And then I moved back to London at the end of 2008, which was a really interesting pivot. SALISBURY: Yes.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

MARCH 27, 2023

MIELLE: After 2008? RITHOLTZ: 2008, ’09. So you retire in 2018. 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. Tell us about that period. But it was not a liquidity issue. ’08

Assets 285

Assets Investments Investing Management 285

Random Roger's Retirement Planning

DECEMBER 10, 2023

There was a lot of content from various places over the weekend about whether it is time to go back into bonds, what retired investors should do for yield and even whether retirees are better off going 100% into equities. As a matter of math, it cannot repeat the run from 8.5% Barron's also noted that 60/40 was up 9.6% in November.

Portfolio 74

Portfolio Math Assets Retirement 74

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. People earn wages, whether it’s a retirement account or a tax deferred account or just an investment account.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

NOVEMBER 22, 2022

My dad was a naval officer who retired shortly before I was born. What did your dad retire from doing? He retired and went to work at the Library of Congress as personnel. RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? Tell us about those experiences. So my dad is actually from Mississippi.

Recruitment 147

Recruitment Engineering Banking Investing 147

Random Roger's Retirement Planning

FEBRUARY 1, 2024

In 2008, S&P+PRPFX did worse than 60/40 by about 300 basis points and in 2022 it did better by about 350 basis points. The 75/50 captures 75% of the upside with only 50% of the downside, the math on that works out favorably over the long term. The two are pretty close. I have 75/50 in mind as sort of a benchmark.

Portfolio 40

Portfolio Math Assets Taxes 40

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. Brady is now retired as a seven-time Super Bowl champion, five-time Super Bowl MVP, 15-time Pro Bowler, and three-time NFL MVP.

Numbers 93

Numbers Education Management Math 93

The Irrelevant Investor

AUGUST 9, 2018

The median retirement account balance of people ages 56 to 61 is just $25,000. Whatever else happened, retired policemen and firefighters and teachers would be paid. workers participate in an employer-sponsored retirement plan. ( If you're curious to learn how the math behind this, read this piece from Econompic.

Economics 52

Economics Investments Investing Distribution 52

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 this guy, you know, there’s no mandatory retirement age for a federal judge and we got in front of this guy and he didn’t understand. How many do you have in your fleet?

Government 321

Government Banking Numbers Investments 321

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 then what happened in, in 2008? And I just caught the bug. Become options market makers.

Portfolio 147

Portfolio Management Marketing Marketing 147

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

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. 00:19:54 [Speaker Changed] So you retired if it’s not working and you move on to the next that. The last cycle, for example, it took 18 months from when the yield corps inverted to when the recession started in 2008, 18 months.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JUNE 20, 2023

MORGENSON: And so you have pensioners at Bristol-Myers or Lockheed or Coors is another who are really relying on private equity to do the right thing for their pensions going forward, for their retirement, for their payouts when they need them. So corporate pensions that gave a worker a reasonable shot at a prosperous retirement.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

AUGUST 22, 2023

I went there because I was fearful that being a professor would be like retiring in your 20s. But we know, and this is what at least I wasn’t sufficiently alert to in 2008, that self-interested or malevolent types can use behavioral biases to manipulate people. SUNSTEIN: But by tradition, it is not just a lackey.

Economics 245

Economics Media Government Numbers 245