Remove 2017 Remove Budgeting Remove Math
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The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

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2018 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, or have budgets and strategic plans at the parent company, though some of the subsidiaries do. In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% Berkshire is unusual among public companies.

Assets 52
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2018 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, or have budgets and strategic plans at the parent company, though some of the subsidiaries do. In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% Berkshire is unusual among public companies.

Assets 52
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Transcript: Ted Seides

The Big Picture

You still had 2012 to 2017 to finish the bet. And what’s their budget like a fraction of it, right? 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. RITHOLTZ: Right. RITHOLTZ: Right. It just overwhelmed them. I’m sure.

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Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

So you end up teaching at the University of Missouri, Kansas City for 18 years, from 1999 to 2017. Barry Ritholtz : So what brought you in 2017 to my alma mater, SUNY Stony Brook. You were the Chief Economist for the US Senate Budget Committee during, was that during the Obama administration? Is that right?

Taxes 147
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Transcript: Cliff Asness

The Big Picture

Everything was the same except, Chicago had in its budget to give me money for airfare to go visit. And we go through long periods, a good example would be post GFC through 2017 where values tough. My mom was a math teacher so — RITHOLTZ: Okay. He’s the genius in math. Chicago versus Stanford, I got into both.

Valuation 173
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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

The Big Picture

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? CLYMER: This is an IWC that we did in 2017. I’m giving you a budget. He gave me his Omega Speedmaster, which is a really nice watch. When I was 16 years old, it was my only nice watch. RITHOLTZ: Sure.

Retail 173