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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.
As we discuss in this article, this approach has directly contributed to our outperformance during the most recent period of rising interest rates dating from the end of 2015. MUNICIPALS AND RISING RATES Simple math dictates that when yields rise, fixed-rate bond prices fall.
As we discuss in this article, this approach has directly contributed to our outperformance during the most recent period of rising interest rates dating from the end of 2015. Simple math dictates that when yields rise, fixed-rate bond prices fall. MUNICIPALS AND RISING RATES. Floating On Cloud Nine.
I started as a solo advisor with Waddell & Reed in 2015. As you’re based in Washington, how has the pandemic affected your business plan and the way you communicate with clients? What have you learned and changed about the way you communicate with clients if there have been changes?
When I first started working online back in 2015, I started in the digital marketing world, helping small business owners reach more customers,” Bobby reports. Skills needed: Communication, management, market analysis, negotiation, and vision. Skills needed: Listening skills, empathy, vision, honesty, and good communication skills.
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. 00:56:24 That was what, 2015? And then I was looking for something more applied.
SEIDES: And I’ll tell you a story that’s fun about the communication of it too. I think it was 2015. ” It wasn’t that they didn’t communicate that. 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.
There was a great article in ThinkAdvisor in 2015 that provided an example of how the options written on IUL work. Source: Sara’s Grillo’s interpretation of knowledge imparted by ThinkAdvisor 2015 article, “How (and why) indexed universal life really works.” What’s this now – call options??
And then, as it turns out, a switch flipped in the market in 2014 was a record, 2015 was a record. 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. RITHOLTZ: The communication was bad also. And that’s sort of the math. RITHOLTZ: Right.
They kept the reputation intact by communicating with their investors. I remember it’s 2015, but I wouldn’t swear to it. So this is the math that I applied. So think about this, do the math. LINDZON: But that math, if you really put it in a calculator … RITHOLTZ: Becomes a problem. RITHOLTZ: Right.
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