The Big Picture

DECEMBER 6, 2022

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I remember telling myself, why would anyone invest in mutual funds when you can buy an ETF instead? BERRUGA: Yeah.

Clients 162

Clients Investments Investing Management 162

The Big Picture

AUGUST 20, 2024

If you recall, back in 2018, vol Mageddon, he was on the right side of that trade, made hundreds of millions of dollars for his firm in identifying a structural problem that was about to blow up. But before I leave the teal macro, I gotta ask you about the famous Vage trade in 2018. I’m gonna hold it in my portfolio.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. So you retire in 2018. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. But it was not a liquidity issue. ’08

Assets 285

Assets Investing Investments Management 285

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. Think about what, how we were, we were geared in 2017, 2018, 1920. What was the career plan? 00:01:48 [Savita Subramanian] Yeah.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JULY 31, 2023

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. And that’s sort of the math. They should have started in the fall of 2018. He was right on the thesis. He found a place to express it efficiently. RITHOLTZ: Right. RITHOLTZ: Wild number.

Retail 130

Retail Government Economy Economics 130

The Better Letter

JANUARY 11, 2024

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. A similar academic study from 2018 found roughly 48 percent accuracy. Stop with the math.` And lots of surprises.

Economy 97

Economy Economics Math Banking 97

The Better Letter

JANUARY 2, 2025

William Priest, chairman, co-chief investment officer, and a portfolio manager at TD Epoch, picked Meta (+66 percent), which handily beat the S&P 500, but his other four picks did not. From its January 22, 2018 inception through November 1, 2024, the fund lost 2.8 RELX earned 16 percent, but the other three did poorly.

Management 103

Management Marketing Marketing Economics 103