Brown Advisory

MAY 3, 2018

Thu, 05/03/2018 - 15:32. Simple math dictates that when yields rise, fixed-rate bond prices fall. The tax-exempt status of municipal bond income has helped to mitigate price erosion when rates rise, as each dollar of interest earned from a municipal bond is worth more to many buyers than a dollar of taxable income.

Taxes 52

Taxes Portfolio Valuation Clients 52

The Big Picture

SEPTEMBER 19, 2023

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. Two reasons. There was a good equity rebound.

Assets 147

Assets Management Investing Investments 147

The Big Picture

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? He had been a tax lawyer.

Numbers 147

Numbers Banking Investing Investments 147

Brown Advisory

JUNE 16, 2022

We discount each year at our 10% minimum weighted average cost of capital (WACC) and some infinite series maths gives us the basis for some rough approximations 2. rates were going up in 2018 we did debate raising our WACC hurdle when the Federal Reserve (FED) funds rate was at 2.5% That assumes I pay no taxes which is very hard.

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

DECEMBER 6, 2022

You have the liquidity, the tax efficiency, the transparency. 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. It was a big drop. BERRUGA: Yeah.

Clients 162

Clients Investing Investments Management 162

Sara Grillo

MAY 8, 2023

They go crazy and paint it with BS statements like: Tax-free guaranteed income Can’t lose money asset Upside potential with downside protection Privatized banking Be your own bank Remember that there is a floor to the crediting rate, but that doesn’t mean you can’t lose money. Here’s why that stinks.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Random Roger's Retirement Planning

JUNE 3, 2023

If congress does nothing, then starting in 2034 incoming payroll taxes would cover 80% of retiree payouts implying a 20% cut. Cutting benefits and raising taxes are the two most talked about way to fix it. There's been talk of raising the cap on payroll taxes. More taxes on workers? FRA of 72? I don't know.

Retirement 72

Retirement Taxes Math Accounting 72

The Big Picture

MARCH 27, 2023

So you retire in 2018. By the way, you show the math in the book very, very easily and understandable for those who may not be as mathy, which is basically a giant fund collecting 2 percent is much better than a smaller fund that’s killing it, but they’re not starting out with a lot of assets. RITHOLTZ: Really interesting.

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. It’s all tax free. In not paying your taxes. Think about what, how we were, we were geared in 2017, 2018, 1920.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JULY 31, 2023

Burger King Tim Hortons, I remember very clearly because it was in the middle of those waves of kind of tax dodgy, those inversion deals. 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. RITHOLTZ: Right.

Retail 130

Retail Government Economy Economics 130

Brown Advisory

AUGUST 1, 2018

2018 Berkshire Hathaway Annual Shareholder Meeting ajackson Wed, 08/01/2018 - 09:30 The Berkshire Hathaway annual meeting is an opportunity for shareholders and analysts to pose questions to Warren Buffett and Charlie Munger. Berkshire’s book value growth is after tax, while the S&P Index return is pretax.

Assets 52

Assets Investments Investing Insurance 52

Brown Advisory

AUGUST 1, 2018

2018 Berkshire Hathaway Annual Shareholder Meeting. Wed, 08/01/2018 - 09:30. Berkshire’s book value growth is after tax, while the S&P Index return is pretax. Berkshire’s investment portfolio holds about $186 billion in equities and $118 billion in cash equivalents and bonds as of March 31, 2018.

Assets 52

Assets Investments Investing Insurance 52

Aleph

FEBRUARY 18, 2023

Now she’s leading a push to legalize gambling in Texas [link] Legal gambling leaves society as a whole worse off Feb 16, 2023 As the country emerges from a pandemic that left children zoning out over Zoom, parents are turning to the turbocharged “Russian math” method to give their kids an academic edge. There should be no surprise here.

Banking 59

Banking Healthcare Government Budgeting 59

The Big Picture

OCTOBER 3, 2023

We dive deep into all sorts of things about running businesses, managing risk, and then when we began talking about his public sector service, we went deep into the Tax Cuts and Job Act of 2017. 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.

Taxes 280

Taxes Banking Clients Management 280

The Big Picture

AUGUST 23, 2022

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. And they said as a result of them earning zero, the $230 million of taxes that was paid in the previous year is paid in error and we’d like that money back. It is $2 billion on the ship.

Government 321

Government Banking Numbers Investing 321