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You need to understand how math, statistics and probabilities work. You need to understand how corporations and the global economy generally function over the long haul. Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Evolution of Financial Advice.
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.
And he’s really moving the needle in terms of having people take control of their own financial life in a way that benefits not just them but the entire economy and all of society. They’re an underground economy because they don’t trust the mainstream economy. These are not dumb people. RITHOLTZ: Right.
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. There’s a continual, the economy continues to grow. It goes so far. Did you give me cash?
And at the time when I graduated the economy, it was very good. Barry Ritholtz : Oh, so booming economy, 50 grand in the nineties for right outta college. And we wanted to, I really wanted them to move beyond the blog at, at, when I got to Barstool in 2016, it was, it was predominantly a blog operation. What year was that?
SHAW: My wife and I decided to move to Tennessee back in 2016. RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? Let’s talk a little bit about some of the work you’ve done, start with CEO of The Company Lab, what was CoLab’s mission and why Tennessee? SHAW: Well, it’s pure geometry.
So I mean, in ’07 and ’08, you know, what killed the economy in ’07 and ‘08 were mortgages going down. RITHOLTZ: So it’s different math then I need 100x winner versus 99? What are some of the other problems that you run into when junk bonds allow you to engage in behavior? KLINSKY: Well, I mean, they can get out of hand.
So I decided to take some action, by doing the math for myself using a spreadsheet. And as you scale up the operation, some economies of scale on things like space and equipment make it even better. I am guessing that you might feel the same way these days – most of us Americans are in the same boat.
From February 2013 to November 2016, there were 3.6 In a recent Axios article, Being 30 then and now , the author wrote "In 1975, only a quarter of 25 to 34-year-old men made less than $30K per year, but that number rose to 41% in 2016." Things are (obviously) tough for low-income earners In 2016, 2.2
The economy, the markets, and the world-at-large provide unlimited fodder for them. That’s why the markets are much more of a mind game than a math game. And that’s why markets will always be exceedingly hard, even when the math seems easy or the future seems certain. ” Nobody does. And lots of surprises.
” If I, if the president ever, this is like a blog post I wrote when the President tweets about the economy, the market will move. 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: You do it.
Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. Buffett noted that the math of the buyback would get even better if Apple’s shares went down (but not its intrinsic value), something people often misunderstand.
Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. Buffett noted that the math of the buyback would get even better if Apple’s shares went down (but not its intrinsic value), something people often misunderstand.
As always, I lead with Wall Street, the markets, and the economy, the objects of my day job. For example, Michael Moore, famous for being one of the few people who predicted Donald Trump’s election win in 2016, confidently declared that Mr. Trump would not win again in 2024 ( Do The Math: Trump Is Toast ).
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. The Magnitsky Act, in 2016, became the Global Magnitsky Act which doesn’t just go after the people who do terrible things in Russia but in China and Iran and Venezuela and all other countries.
You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. So the election, November, 2016, December of that year, you’re teeing it up, president’s sworn in January 20th and you’re hitting the ground running. Well slow the economy.
So if you think the economy’s going to go sour and then you learn that’s not true, you might well be extremely credulous, meaning willing to believe the happy thing, even though it’s disconfirming of your belief. What is the direction of the economy? Let’s take Clinton voters. RITHOLTZ: Oh, really?
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