Remove 2016 Remove Math Remove Taxes
article thumbnail

The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

Your grandchildren will blame the toxic combination of incompetency and ideology for the massively increased carrying costs of unfunded spending and tax cuts. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.), just decades later at a much greater cost. All simply unnecessary.

article thumbnail

The “Art” of Market Timing

The Big Picture

This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. 24, 2023 _ 1: In particular, why average outperforms over the long run; Sommers credits not making errors (via Charlie Ellis’ “Winning the Loser’s Game”) but the nuance and math are fascinating.

Marketing 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Exchange Traded.Income?

Random Roger's Retirement Planning

Part of the math that determines options premiums is the risk free rate of return from T-bills. The way circuit breakers work has made a 1987 one day 20% crash almost impossible (it would play out differently) but a repeat of the Flash Crash of 2011 or 2016 would probably smack the hell out of QQQY.

Math 74
article thumbnail

Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. 12 At Intuit’s Investor Day in September last year, management highlighted the maths within their QuickBooks SME accounting software franchise, whereby any improvement in the success rates (i.e.

article thumbnail

Transcript: Ted Seides

The Big Picture

So for a taxable investor, hedge funds generally aren’t tax efficient. And when you look at the assets that are invested, the three trillion in hedge funds, I would guess that north of 90% of that are in institutions that don’t pay taxes. It’s part of their own tax planning. SEIDES: In 2016.

article thumbnail

2018 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

Berkshire’s book value growth is after tax, while the S&P Index return is pretax. That doesn’t deliver much real return, especially if you pay taxes. Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. annually, respectively, compared with 8.5%

Assets 52
article thumbnail

2018 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

Berkshire’s book value growth is after tax, while the S&P Index return is pretax. That doesn’t deliver much real return, especially if you pay taxes. Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. annually, respectively, compared with 8.5%

Assets 52