The Irrelevant Investor

MAY 22, 2018

I would agree with Ben's thoughts, which is that the math says no, but the psychological constraints say yes. By June 2009*, stocks had trailed long-term government bonds over the previous 5, 10, 15, 20, and 25 years. Since June 2009, stocks are up 250%, long-term government bonds are up 60%.

Government 52

Government Math Investments Investing 52

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 on top of that, of course we ran straight into the 2008, 2009 great recession. They will earn that market return less, whatever they’re paying.

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Fortune Financial

MARCH 11, 2023

If that is the case, you certainly cannot find evidence of it in company results; since 2009, the first full year in which Altria was fully separate from Philip Morris International (PM) and thus a pure play on U.S. With that being said, some might argue with me about why the stock has performed so poorly the last several years.

Math 52

Math Financial Advisor Numbers Marketing 52

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.

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Banking Government Insurance Taxes 204

The Better Letter

MARCH 18, 2025

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 In 2009, New Jersey grandmother Patricia Demauro set a craps world record over four hours and 18 minutes by rolling a pair of dice 154 times before crapping out. quintillion.

Numbers 75

Numbers Marketing Marketing Medicine 75

Good Financial Cents

JUNE 25, 2023

Bitcoin was created in 2009 by a mysterious figure who goes by the pseudonym Satoshi Nakamoto. When it first launched in 2009, a single bitcoin was only worth a few cents, but at its peak, it was worth around $60,000. But while Nakamoto is known as the currency’s founder, it is not controlled by any single individual.

Investments 76

Investments Investing Accounting Commission 76

The Big Picture

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? 00:02:16 [Speaker Changed] Me too.

Numbers 147

Numbers Banking Investments Investing 147

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.

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The Better Letter

MARCH 14, 2024

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 In 2009, New Jersey grandmother Patricia Demauro set a craps world record over four hours and 18 minutes by rolling a pair of dice 154 times before crapping out. quintillion.

Numbers 84

Numbers Medicine Math Marketing 84

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 restarted in, I wanna say March of 2009, but like onlya little bit. It was derivatives math, it was like working with the traders on like risk management.

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The Better Letter

DECEMBER 15, 2022

percent (2009). This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw. Over the past 50 years (1972-2021), the benchmark 10-year U.S. Treasury note has returned as much as 32.81 percent in a calendar year (1982) and lost as much as 11.12 The saddest. The sweetest.

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Investments Investing Portfolio Numbers 80

Aleph

NOVEMBER 1, 2022

Well, the last installment in this series was 2009. Photo Credit: Ruin Raider || It is important to recognize the limitations of any system. Don’t overestimate what is possible. I ran a Guaranteed Investment Contract [GIC] desk at Provident Mutual from 1992-1997. ” Now, I know I lost most of you with the last paragraph.

Insurance 45

Insurance Assets Management Math 45

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

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. This was, so you had the 2008, 2009 economic crisis.

Banking 147

Banking Economics Business Planning Economy 147

Zajac Group

FEBRUARY 10, 2025

Behavior Finance and Your Portfolio So much of the concept of investing is about logic, math, and numbers. For example: Prior to Covid-19, investors enjoyed the longest bull market in stock market history which lasted from March 2009 until February 2020 (almost 11 years ). During this time, the S&P 500 went from a low of 676.53

Taxes 52

Taxes Risk Tolerance Portfolio Investments 52

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 mean, one of our first ETF was our China Consumer ETF that we launched in 2009. Wait, markets go down?

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Clients Investments Investing Management 162

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. And then I was looking for something more applied. The second is excess returns.

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Investing Investments Clients Numbers 130

The Big Picture

SEPTEMBER 10, 2024

2009, 10 in that role. So that’s the math. It’s a, it’s the marrying, quite frankly, of macro and micro. So I have a, a deep background in micro, mainly the TMT space. And then I developed this macro affinity starting in 2000, really? And so marrying the two to me is the advantage.

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

JUNE 6, 2023

And I think that has been true since 2009 until now. It’s much deeper than math. So, they just looked at me like I was an alien. I looked at them like, I don’t really care what you say. I’m going on air, I’m going to say what I want. And I go, I simply don’t accept the premise anymore.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

JULY 4, 2023

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee.

Management 147

Management Recruitment Numbers Banking 147

The Big Picture

MAY 15, 2023

My back-to-work morning train WFH reads: • Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire : Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share. Social Leverage recently launched its 4th fund.

Math 147

Math Insurance Portfolio Management 147

The Big Picture

AUGUST 15, 2023

So I think that argument is very valid in those couple of years, 2009, 2010 probably, maybe 2011, which was a tough year for hedge funds. 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. You still had 2012 to 2017 to finish the bet.

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Management Investments Investing Government 130

Mr. Money Mustache

NOVEMBER 10, 2020

So I decided to take some action, by doing the math for myself using a spreadsheet. Further Reading: I was quite moved by this piece that Cloud Medical’s Dr. David Tusek wrote about “ the ten heartbreaks ” that led him to work since 2009 towards accelerating this better way to do healthcare.

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Insurance Medical Medicine Healthcare 58

The Big Picture

JULY 19, 2022

Following the financial crisis and the Fed cutting rates, economy and the market starts recovering in late 2009 and then 2010 and we kept hearing from a lot of different value corners, hey, everything is richly priced. Let’s talk a little bit about the pushback to low expected returns. Bonds are the most expensive. Stocks are pricey.

Investing 130

Investing Investments Valuation Portfolio 130

Good Financial Cents

APRIL 19, 2023

Since Kickstarter’s launch in 2009, 18 million people have backed projects. The math when paying down debt is simple – if your loan is currently at 7% and you refinance at 3%, that’s equivalent to a 4% return on your money! You can join Kickstarter to launch a project or to help back others’ projects.

Accounting 105

Accounting Investments Investing Media 105

The Big Picture

MARCH 21, 2023

My mom was a math teacher so — RITHOLTZ: Okay. Some famous periods of reversals in market, the most famous spring of 2009 when we came off the GFC. He’s the genius in math. First time I learned poker to play in this Math for America Tournament, I didn’t know a whole of them. RITHOLTZ: Yeah.

Valuation 173

Valuation Investments Investing Numbers 173

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. And so graduating right into 2009, right out of the financial crisis, I said, I don’t think I’m gonna get a job. You learn the math that can help you with, with market making operations. And I just caught the bug.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 147

Math Marketing Marketing Engineering 147

The Big Picture

FEBRUARY 17, 2025

And I did a lot of options math, which I thought was interesting. 00:10:08 [Speaker Changed] Yeah, so I graduated from HBS in summer of 2009 and I was fortunate enough to join the Grassroots Business Fund, which had been a division of the International Finance Corporation and literally spun out first half of 2008.

Investing 147

Investing Investments Economics Management 147

The Irrelevant Investor

AUGUST 9, 2018

Unfortunately for these people, the minimum wage has not increased since 2009, nor, to state the obvious, has it kept up with inflation. If you're curious to learn how the math behind this, read this piece from Econompic. While this represents just a small slice of the working population, another 20.6

Economics 52

Economics Investments Investing Distribution 52

The Big Picture

MARCH 12, 2024

And what we figured out in 2009, really when we started buying homes is that we made the bet that it, I mean, it wasn’t a very exotic bet, but we made the bet that the subprime mortgage market wasn’t coming back at all. And so, so starting in 2009, we, we, there was no flip market. So I had real support around Wall Street.

Banking 147

Banking Marketing Marketing Investing 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 Big Picture

JULY 31, 2023

And I said, I’ll go get a master’s and things will be better in 2009, because these are one year programs. I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And that’s sort of the math. RITHOLTZ: Right. He was right on the thesis.

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Retail Government Economy Economics 130

The Big Picture

JANUARY 7, 2025

So moved over to London back in 2009 and the rest is history. 00:43:02 [Speaker Changed] I think the one that’s most salient that we track most closely, Barry, is the fact that because the math broke at the investor level in N 22, early 23, we’re still playing catch up on that. Have been a resident of London.

Valuation 130

Valuation Engineering Numbers Marketing 130

The Big Picture

MAY 2, 2023

RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? Squarespace, and I love those guys, they were really instrumental to the growth of Hodinkee, allowed me to design my own website in 2009 until probably 2012 or 2013, when we got a professional upgrade.

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. He lost 40 pounds and he eventually went to the prison doctor and they diagnosed him as having pancreatitis and gallstones and needing an operation which was scheduled for the 1st of August 2009.

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