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How bad at math do you need to be to think that it’s only 5 stocks driving this market? As I keep saying, one day, this cycle will end, a recession to worse will occur, and the secular bull market that began in 2013 will end. Only 5 stocks driving markets?! Then why are Equal-weighted indices doing so well? Recession is inevitable?
The maths are exactly the same. These sorts of math problems are the focus of this week’s TBL. Math Problems As this TBL goes live, just 16 games and one day of the NCAA Tournament are in the books, yet my bracket is a mess. We notice the unlikelihood of 100 in a row because of the pattern. Thanks for reading. quintillion.
@TBPInvictus here Our story so far : California has been raising its minimum wage for the past decade, starting at $8/hour through 2013. ” A bit of quick math: 726,600/0.987 = 736,170 (starting point). from last September [2023], when the state backed a deal for the increased wages.” 726,600 – 736,170 = -9,570.
Previously : The Timing Mistake: Thoughts & Pushback (August 26, 2020) Market Timing for Fun & Profit (August 28, 2020) The Art of Calling a Market Top (October 4, 2017) DOs and DONTs of Market Crashes (January 16, 2016) The Truth About Market Timing (March 13, 2013) Timing the Market? By Jeff Sommer New York Times, Nov.
For the last ten years it's down about 13% but adding even just 6% per year back in for dividends, 60% total using simple math is a total return of 47% or 4.7% Given that MCN went up during the Taper Tantrum of 2013, I lean toward thinking it was equity beta. That long term chart really is something for how flat it is has been.
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. SALISBURY: So I led the European Special Situations Group from 2008 to 2013.
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 Monte Carlo, on August 18, 2013, a Roulette ball landed on black 26 times in a row – the longest such streak ever recorded, with odds against of 136,823,184 to one.
If you invested $100 in Bitcoin in Bitcoin in July 2013, about nine years ago, you would have bought 1.47 When a miner is first to succeed in solving the complex math to process a new block of transactions, that person is rewarded with the transaction fees from recent users and newly minted bitcoin. That’s an incredible gain!
I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. RITHOLTZ: Whereas the — and the market when — essentially didn’t get above 2000 to like 2013 or so. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah. I love statistics.
I did in 2013 the largest banking transaction that the market had seen since the financial crisis, it was a $2.4 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.
Prior to joining MetLife in 2013, Bobby was a consultant to life insurers, distributors and high-end agents. Bobby was formerly Senior Vice President and Head of Life Insurance and Annuity Product Development and Pricing at Brighthouse Financial and Vice President of Life Product Development at MetLife.
We were fortunate enough to launch in 2013, which was a great, you know, start of a new bull market and a great decade ahead of it. You know, don’t be overwhelmed by the, the vocabulary or the math or things that frighten people away from the industry. That, that’s not that far from our experience.
So I decided to take some action, by doing the math for myself using a spreadsheet. An interesting story from Bill’s hometown, from a doctor who took this path way back in 2013: South Portland Doctor Stops Accepting Insurance, Posts Prices Online (from the Bangor Daily News).
So here’s the math, Barry. If you have seven $50 incremental year, then every 10 year old in America, when they enter into the fifth or sixth grade and the teacher says, Hey, today we’re gonna talk about math or compounding or stocks or capitalism, they’ll say, open up. 00:44:49 [Speaker Changed] Correct?
So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor. I read all those academic papers, I understand where the math comes from. It’s how math works. That I think has become pretty important. RITHOLTZ: Right. NADIG: Right.
David Russell’s 2013 film, American Hustle , began as a script by writer and producer Eric Singer entitled, “American Bulls–t.” The interplay between math and team personnel is part of what makes basketball interesting. It is also well represented within popular culture. ” Who is conning whom?
And I, and I really like the application of math and statistics and computer science to markets. Corey Hoffstein : So throughout 2013, I was doing a lot of this research. And so in 2013, I’m staring down my largest client, all of a sudden it becomes obvious. It’s just not smart on a math basis to do that.
From February 2013 to November 2016, there were 3.6 If you're curious to learn how the math behind this, read this piece from Econompic. Things are tough for aging Americans. Tara Siegel Bernard recently cited a study which shows that the rate of people 65 and older filing for bankruptcy is three times what it was in 1991.
And then I don’t know what God smiled on me, but I got hired by the Wall Street Journal in 2013. RITHOLTZ: So you start in 2013, and then you proceed to get some major news stories that you either covered intimately or broke. You know, when I got hired in 2013, M&A was dead. And that’s sort of the math.
So in 2013, just like you said, VCs are not perfect. LINDZON: So at the time in 2013, you could look through the financial statements of Schwab and TD public statements, and they were spending $150 for a customer acquisition. So this is the math that I applied. So think about this, do the math. They are like MOS.
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? This is 2012, 2013, was enormous in the industry. And then in 2013, ‘14, an agency that actually Jeff knows about called Wondersauce –- RITHOLTZ: That’s a great name. CLYMER: Yes, around there, I would say.
00:41:54 [Speaker Changed] That was in an Asian manager in 2013. 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. off, 91 point a half percent off.
There’s a lot of people writing about that back in 2012, 2013, that they started selling at a premium multiple to the market, which is very obviously not the case today. And I’m like, “Well, if Bob Shiller is putting on the seatbelts, maybe he’s done the math, maybe I should be wearing a seatbelt in the back of the car.”
New York Times ) • How Big Toilet Paper dupes us all : The wild, nonsensical world of toilet paper math, explained. ( Professor Camerer was became a MacArthur Fellow (Genius grant) in 2013 for his work on risk, self-control, and strategic choice. Vox ) • The inspiring scientists who saved the world’s first seed bank.
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