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 mean, I always say it depends on the economies or the scale of the business that you are considering.

Clients 162

Clients Investing Investments Management 162

The Big Picture

SEPTEMBER 10, 2024

So we were very aggressive in 2020 and 2021. I mean, if you take out the government spending, you probably are on a recession in a private economy. And that’s your focus on government, both fiscal and monetary support for the economy. We kinda came into the pandemic, more bearish than most. We caught all of that upside.

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. It’s just math stick to it over long periods of time. So in 2021 was the equivalent of March, 2000, right? The second is excess returns.

Investing 130

Investing Investments Clients Numbers 130

Good Financial Cents

MARCH 15, 2023

You must also possess solid math and cash-handling skills and be able to multitask. Despite declining overall employment numbers in the field, there are close to 400,000 job openings annually for customer service representatives, according to the Bureau Of Labor Statistics – a testament to how critical the industry is to the U.S.

Communication 69

Communication Education Retail Banking 69

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. There’s a continual, the economy continues to grow. It goes so far. Did you give me cash?

Assets 173

Assets Management Portfolio Taxes 173

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.

Assets 147

Assets Management Investing Investments 147

The Better Letter

MARCH 14, 2024

Five 11-seeds have made it to the Final Four: LSU in 1986, George Mason in 2006, VCU in 2011, Loyola Chicago in 2018, and UCLA in 2021. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 quintillion.

Numbers 82

Numbers Medicine Math Marketing 82

The Big Picture

AUGUST 29, 2023

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. Yes, the economy can clearly keep roaring along, which we’ve seen. They’re definitely trying to slow the economy down. DAVIS: It is not.

Portfolio 130

Portfolio Investing Investments Numbers 130

Discipline Funds

MARCH 6, 2024

In fact, because QE reduces interest income it might have a marginally deflationary impact on the economy, all else equal. Interest rates are different and have a much more meaningful impact on the economy by damaging banks and credit markets. Not nothing, but certainly not enough to move the needle of a $30T economy.

Banking 119

Banking Government Economy Assets 119

The Big Picture

JUNE 27, 2023

The economy wasn’t as dependent on the equity markets as necessarily as it is today, as we saw post ’08. I mean, obviously, 2020 and 2021 and 2022, we’re still in the midst of, but is there still an echo of ’08-’09 today? And so it’s one of these things that math works. But the Fed stepped in.

Math 147

Math Risk Management Marketing Marketing 147

The Big Picture

JULY 19, 2022

You wrote this book in 2021 or at least finished it in 2021 and you described in the book what you see as an, quote, “investment winter ahead.” And so, it’s very sort of, I don’t know, math oriented or algebra-oriented type of thing as opposed to great stories which drive most investment passions. ILMANEN: Yes.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. Your real business is having the best perspective of what is happening this moment in the economy. So, so let’s talk a little bit about the state of the economy today. So at that point, I had a pretty big career. Your side hustle. Really interesting.

Economy 147

Economy Clients Banking Economics 147

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. I think it’s not just new economy chip purveyors, but it’s also the companies that buy the chips and become better.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JULY 31, 2023

And it was day by day from the seat of, it was the month that the economy shut down. And it’s two dozen CEOs, investors, policy makers from like all across the economy. It’s kind of apparent some of these industries are going to be the first to really succumb to an economy shutting down. Did they self-selected?

Retail 130

Retail Government Economy Economics 130

The Big Picture

MARCH 12, 2024

They 00:38:39 [Speaker Changed] Price insensitive, they 00:38:41 [Speaker Changed] Right, they cared what the lower mortgage rate did to the economy. Well, I think that same thing’s been happening in commercial now for the last, you know, since 2021 is that physical occupancy is the leading indicator to economic occupancy.

Banking 147

Banking Investing Investments Marketing 147

The Better Letter

JANUARY 11, 2024

The economy, the markets, and the world-at-large provide unlimited fodder for them. 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. ” Nobody does. And lots of surprises.

Economy 96

Economy Economics Math Banking 96

The Big Picture

JUNE 20, 2023

MORGENSON: And by 2021, they were extracting 70 billion in dividend recapitalizations. And it really became very evident in a 2021 study by academics, I think University of Chicago, UPenn, NYU, that studied long-term mortality at nursing homes that were owned by private equity and compared that with nursing homes. RITHOLTZ: Wow.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

APRIL 29, 2024

These dumped a ton of cash into the economy all at once in 2020 and 2021. Reduced Immigration during both Trump & Biden Administrations; Under Trump, legal immigration fell around 1 million people each year; that continues under Biden during the pandemic years of 2021 and first half of 2022.

Math 362

Math Economy Clients 362

The Big Picture

NOVEMBER 21, 2023

I would say the thing that connects them is just voracious curiosity about the world of politics and, you know, economies and trying to make sense out of it. So here’s the math, Barry. It’s gonna take a while to integrate, integrate those folks back into other parts of the economy. You know, all of these things.

Investing 246

Investing Investments Startup Accounting 246

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. ” If I, if the president ever, this is like a blog post I wrote when the President tweets about the economy, the market will move. I wrote a, a column in 2021 for Bloomberg, “What My Worst Trades Taught Me About Investing.:

Media 290

Media Investing Investments Valuation 290

The Big Picture

OCTOBER 31, 2022

I actually left active professor in July of 2021, after 45 years of teaching at Wharton. And it’s been virtually impossible for any value strategy to have overcome the great bull market of the big tech companies of the last 15 years which probably ended in, you know, early ‘20 or late 2021 or ’20, early ’21. RITHOLTZ: Yup.

Numbers 147

Numbers Investing Investments Marketing 147

Discipline Funds

MARCH 29, 2024

This was the lowest rate of inflation we’ve seen since March of 2021 right before the big spike. We’re now at a point that I’d argue looks somewhat similar to early 2021 when rates were still 0%, but inflation was starting to shoot higher. Core PCE came in at 2.78% on Friday. or even higher.

Math 102

Math Economics Economy Marketing 102

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. in 2018, in the European Union in 2020, in Australian in 2021. And so, it wasn’t just a fishing boat, it was an oceangoing factory, very impressive. How many do you have in your fleet?

Government 321

Government Banking Numbers Investing 321

The Big Picture

NOVEMBER 12, 2024

You know, anything you dug into was a story that would tell you something about power and the trajectory of, of the Chinese economy. I love the Washington Post, but I thought, well, I better do this sleepy story, the national economy. I keep reading that, you know, consumer spending is more than two thirds of, of the American economy.

Manufacturing 261

Manufacturing Consulting Economics Engineering 261