The Big Picture

AUGUST 20, 2024

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. People earn wages, whether it’s a retirement account or a tax deferred account or just an investment account.

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Investing Caffeine

FEBRUARY 1, 2022

T he stock market has been like a rocket ship over the last three years 2019/2020/2021, advancing +90% as measured by the S&P 500 index, and +136% for the NASDAQ. Math Matters. I did okay in school and was educated on many different topics, including the basic principle that math matters. Source: Calafia Beach Pundit.

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Brown Advisory

AUGUST 1, 2019

The Long Game: Roth Conversions & Legacy Planning ajackson Thu, 08/01/2019 - 14:51 Legacy planning is all about transferring wealth to descendants as efficiently as possible. Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways.

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Brown Advisory

AUGUST 1, 2019

Thu, 08/01/2019 - 14:51. Indeed, a Roth conversion has the potential to generate greater wealth than a traditional IRA during an individual’s or couple’s lifetime, and it can play a meaningful role in providing tax advantages to heirs throughout their lifetime as well. RMDs from a traditional IRA are taxed as ordinary income.

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The Big Picture

NOVEMBER 15, 2022

Hey, show me companies where the board has at least two women on it, or you could tilt towards value, or you could tilt towards small cap, or you can use it for tax loss harvesting or philanthropy. I read all those academic papers, I understand where the math comes from. It’s how math works. RITHOLTZ: Right. NADIG: Yeah.

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Random Roger's Retirement Planning

SEPTEMBER 29, 2024

In fund form, it started doing badly long before 2022 which is corroborated by AQR's change to AQRIX in 2019. The math is only off by a shade using leverage via UST and a little bit of SSO, remember RPAR is leveraged. It had been struggling for a while at that point and so they changed it. The table/chart goes back to FAPYX' inception.

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The Big Picture

NOVEMBER 21, 2023

So here’s the math, Barry. If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that, your 00:44:48 [Speaker Changed] Corporate tax free. We spend a trillion dollars more today than we did in 2019. You take it out tax free as well. Completely. Covid v’s.

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Brown Advisory

AUGUST 1, 2018

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 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.

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Brown Advisory

AUGUST 1, 2018

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 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.

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The Big Picture

AUGUST 29, 2023

Also being cognizant of the tax implications of trading activity. They like tax-free income, but they also don’t like principal losses. But if you go back to the period before 2022, from 2019 to 2021, a 60/40 portfolio actually produced 14% returns over that time horizon, which is above the long-term average.

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The Big Picture

AUGUST 15, 2023

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. I like Buffett’s idea.

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The Big Picture

APRIL 29, 2023

Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How New York and California Botched Marijuana Legalization : Steep taxes and heavy regulation are making it hard for licensed pot sellers to operate in some states, driving more producers and buyers to illegal outlets.

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The Big Picture

JANUARY 24, 2023

I mean, if we really stretched 10 times net income, I think if we find the hot buyer, we can get the 10 times, you know, with no adjustments, no trickery after tax net income, that would be a great price for most businesses. RITHOLTZ: So talk about building New Mountains in 2019. KLINSKY: Yeah. KLINSKY: Yeah.

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The Big Picture

MARCH 21, 2023

In late 2019, you wrote, bonds are freaking expensive. RITHOLTZ: What made you finally cry uncle in 2019 and say, all right, no mas? RITHOLTZ: Not that I’ve done all my homework, but that was November 7th, 2019. My mom was a math teacher so — RITHOLTZ: Okay. Now, the late 2019, it’s time for a sin.

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