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They ignored seasonality; they they mixed the match data from completely different series; they cherry, picked starting and stopped dates for their analysis that bore no relationship to the underlying economic trends. ” A bit of quick math: 726,600/0.987 = 736,170 (starting point). 726,600 – 736,170 = -9,570. to only 19.5%
Articles In hindsight, we can see that the value in 2014 $AAPL was real while the value in 2014 $IBM was fake. Investment finance math is sales math. By Richard Wiggins & Michael Edesess Unlike social security, many pensions suffer reverse compounding of purchasing power over time.
This blocks any attempt to challenge their leadership regardless of their economic interest in the company. Do the Math! Do the math! Alphabet’s Brin and Page didn’t do this out of the gate but in 2014 split the company shares adding another class of shares with no voting rights.
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 after I got my last urine bonus in early 2014, I walked in and handed, handed my notice. 00:24:13 [Speaker Changed] And it’s really the latter.
A bachelor’s in economics from Northwestern and then an MBA from University of Chicago. And so I kind of leveraged that when I went to Morningstar because they’re very focused on quality, the whole concept of economic moats, but also about buying companies when they’re trading at a discount to intrinsic value.
A degree in mathematics from Oxford, a doctorate in mathematical epidemiology and economics from Cambridge. 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. What is that? The second is excess returns.
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. HOFFMAN: So obviously, I’ve — you know, economically minded from the jump.
And that was his boss, Jeffrey Gundlock, founder of Double Line Capital, back in July, 2014. 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.
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? I had the opportunity to sell the business in 2014, and he said, do not sell this thing. ANNOUNCER: Geopolitical risk, changing regulation, economic uncertainty, EY can help you identify the risks that matter.
Barry Ritholtz : This week on the podcast, another extra special guest, Peter Goodman, is the award-winning investigative reporter and economics correspondent for the New York Times, his latest book, how the World Ran Out Of Everything Inside The Global Supply Chain. And I was ostensibly the economic writer. I i I have to bring up.
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