The Big Picture

JANUARY 17, 2023

The joy of sets : Why won’t our artistic-literary establishment recognise that there’s mystery, beauty and humanity in maths? up from 3.2% Wall Street Journal ) see also 5 unintended consequences of the EV revolution : EVs are going to change our cars — and how we drive. ( Prospect ).

Startup 243

Startup Math Engineering Distribution 243

The Big Picture

OCTOBER 23, 2023

(October 2, 2017) 100-Year Bonds Can Fund Big Infrastructure Projects (September 3, 2019) Cost of Financing US Deficits Falls (December 18, 2020) Time to Stop Believing Deficit B t (September 3, 2021) MiB: Gary Cohn, Director of the National Economic Council, President of Goldman Sachs (September 30, 2023) _ 1.

Government 334

Government Economics Taxes Budgeting 334

The Big Picture

MARCH 31, 2023

In 2021, banks tried to kill remote work. Data show workers are staying in the office for coffee and here’s why it may be part of return to office strategies. Bloomberg ) • Remote Banking Crisis: Banks tried to kill remote work. Now, remote work is trying to kill banks.

Banking 162

Banking Math Distribution Investment Advisor 162

Random Roger's Retirement Planning

JULY 17, 2022

Hussman as in Hussman funds which arguably missed the entire bull market from the end of the financial crisis through to the end of 2021. There's other math about outperformance but also the observation that momentum is prone to crashes. In early 2021 QMOM spiked dramatically versus the S&P 500. While "put it all in."

Math 98

Math Marketing Marketing 98

Random Roger's Retirement Planning

JUNE 22, 2023

And then just a little math, the "guarantee" based on the 50/50 allocation would be 2.5% I mentioned this fund once or twice when it first listed in late 2021. Keep it to something broad like a total market fund or a market cap weighted large cap index. SSO is 2X S&P 500 and SPHB is the Invesco S&P 500 High Beta ETF.

Math 74

Math Portfolio Investing Investments 74

Random Roger's Retirement Planning

APRIL 22, 2024

The article devoted a good amount of space to bond market math, focusing on the pain of owning the iShares 20+ Year Treasury ETF (TLT) and bond funds in general. It turned out it did matter starting in late 2021. Bond funds have no par value to return to which might make them worse than individual bonds.

Marketing 98

Marketing Marketing Financial Advising Math 98

Validea

JUNE 14, 2023

The Math Behind the Growth Let’s take a step back and think about what it would take for a company like Apple to reach a $10 trillion market cap. trillion (the total value was $52 trillion at the end of 2021, source ). With a current market cap of $2.8 trillion as of today, this would require an approximate increase of 3.6

Math 109

Math Accounting Investing Investments 109

Random Roger's Retirement Planning

JUNE 10, 2024

We've talked just a couple of times about the market becoming increasingly concentrated which just in terms of math means that a diversified strategy will lag for as long as the big names do well. Outperformed long term but down a sickening 43% and still down about 25% from its late 2021 highwater mark.

Retirement 98

Retirement Asset Allocation Math Marketing 98

The Irrelevant Investor

NOVEMBER 20, 2021

This number comes from Crunchbase , who just published a report showing that the number of newly minted decacorns hit a record high in 2021. Source: Crunchbase *I didn't do the math, but it feels right **I also wouldn't be surprised if today's numbers look crazy, and we can't believe what happened during this bubble.

Math 52

Math Startup Numbers Valuation 52

Random Roger's Retirement Planning

JULY 27, 2022

It just started trading in January of 2021. It outperformed VBAIX YTD and took a slightly different path to the same result as VBAIX in 2021. It really is a mishmash of exposures, a lot of alts, some gold and some fixed income. I do not know if his life circumstance is such where a game over approach is appropriate.

Portfolio 96

Portfolio Clients Assets Math 96

The Better Letter

MAY 13, 2022

For math, she teaches the advanced class — the top students in the school. The class had a party recently as a reward for winning a national math competition. – to stay in and play math games at the party instead of more traditionally “fun” activities, inside or out. It is a very bright group.

Math 52

Math Economics Financial Advisor Marketing 52

Steve Sanduski

AUGUST 4, 2022

The S&P 500 total return for the 5 years ending December 2021 was 112.9%. The total US Government Bond market total return for the 5 years ending December 2021 was 19.5%. Simple math says the CAGR of NET NEW ASSETS (i.e., Simple math says the CAGR of NET NEW ASSETS (i.e., Crunch the Numbers. Revenue Growth.

Math 52

Math Portfolio Numbers Financial Market 52

Random Roger's Retirement Planning

NOVEMBER 22, 2024

The way Portfolios 1 and 2 are weighted, the math works for being a 60/40 portfolio and then from there we add portable alpha/capital efficiency/return stacking. In late 2021, when things were going well in markets, they brought up whether they should start to give out a higher percentage every year. I'm a research volunteer.

Portfolio 52

Portfolio Math Assets Clients 52

Random Roger's Retirement Planning

FEBRUARY 6, 2024

That's pretty much what happened starting at the very end of 2021. It is important to understand the math though. The threat being you lock in 15 years at 2-3%, yields go up, you take a 30% hit on paper (no loss until you sell) forcing you to sit with a below market yield until six months before maturity.

Portfolio 75

Portfolio Math Management Investing 75

Darrow Wealth Management

MAY 22, 2023

Interest rates have skyrocketed since the end of 2021. Again just using simple math, this presumes the par value will roll over each month and reinvest at the same rate to get to the annual yield. If the funds aren’t earmarked for anything in the near term, holding cash could be short-sighted. Hold cash or invest? 467% a month.

Investing 91

Investing Investments Accounting Wealth Management 91

Mr. Money Mustache

APRIL 18, 2021

So I remind myself of the positive side of this situation: The world of 2021 is a very different place from my equivalent perch in 1991. Many teachers are already using this system to “flip the classroom”, and my own boy and I used Khan Academy to help him cover second through eighth grade math in only a month.

Education 52

Education Math Engineering License 52

Random Roger's Retirement Planning

OCTOBER 29, 2023

This year, its performance has it the top 1% of mutual funds but in “2021 and 2022 it was ranked in the bottom 100th percentile.” Yeah, that sounds pretty good (giving them the benefit of the doubt about the math)… pretty good for an equity. I probably wrote about this one a couple of times back in the first iteration of this blog.

Insurance 96

Insurance Clients Math Portfolio 96

The Big Picture

SEPTEMBER 19, 2022

And you know, the only thing math works on recognition by peers, and there’s some prizes. And yet, the amount of math that’s been produced over the last, you know, few decades is just mind-blowing extraordinary. RITHOLTZ: So to put that into a little context, 2020, 2021, very founder-friendly deals. RITHOLTZ: Right.

Valuation 305

Valuation Investing Investments Engineering 305

Random Roger's Retirement Planning

NOVEMBER 19, 2023

What I took from it was that the safe withdrawal rate in 2021 was 3.3%, last year it was 3.8% Part of the math that determines options premiums is the risk free rate of return from T-bills. Yahoo Finance had kind of a long read recapping an update from Morningstar about safe retirement withdrawal rates. and now it is back to 4%.

Retirement 75

Retirement Accounting Math Healthcare 75

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.

Math 52

Math Assets Investments Investing 52

Random Roger's Retirement Planning

JULY 15, 2022

The math shows the NTSX/ARBIX/BTAL combo would be down 14.7% Quickly adding in from NTSX' inception to the end of 2021, so no bear market effect, the NTSX/ARBIX/BTAL combo would have outperformed VBAIX by about 100 basis points. If NTSX was up 32%, VBAIX would have been up 21.8% and that is the number I will assume.

Portfolio 66

Portfolio Math Numbers Marketing 66

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant.

Assets 299

Assets Clients Investments Investing 299

Random Roger's Retirement Planning

DECEMBER 11, 2024

If we stop that backtest at the end of 2021, the two levered portfolios outperformed by five and four basis points respectively, each with noticeably higher standard deviations and lower Sharpe Ratios. A 20% drop in managed futures that is leveraged to a 40% weight would have added another 800 basis points to the decline (simple math).

Portfolio 52

Portfolio Management Math Taxes 52

Clever Girl Finance

JANUARY 29, 2023

According to the American Association of University Women as of 2021, on average: white men borrow $29,862 while black women borrow $37,558. The math for this adds up over years of work and can cost quite a bit of income. However, the impact of the student loan debt crisis on black women surpasses the standard American experience.

Budgeting 105

Budgeting Education Planning Government 105

Trade Brains

DECEMBER 16, 2022

And when used for ROE, as per the basic rule of math, if the denominator decreases, the fraction as whole increases i.e, Company 2018 2019 2020 2021 2022 Average 5 yr. Company 2018 2019 2020 2021 2022 Average 5 yr. Company 2018 2019 2020 2021 2022 Average 5 yr. higher ROE. What is a good ROE in Indian stock market.

Pharmaceutical 59

Pharmaceutical Manufacturing Engineering Distribution 59

Validea

JUNE 14, 2023

The Math Behind the Growth Let’s take a step back and think about what it would take for a company like Apple to reach a $10 trillion market cap. trillion (the total value was $52 trillion at the end of 2021, source ). With a current market cap of $2.8 trillion as of today, this would require an approximate increase of 3.6

Math 52

Math Accounting Investing Investments 52

Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% If they continued to take $40,000 out per year they would have briefly gotten back to their highwater mark in early 2021 but would today be down slightly from their $1 million starting point. down to 0.50% let alone from the all time high of 15% down to 0.50%. in November.

Portfolio 74

Portfolio Math Assets Retirement 74

Random Roger's Retirement Planning

JULY 1, 2022

Over the last five years, it missed out on the stock market rally until late 2020 when it went parabolic, then drifted lower for much 2021. We dove in on the math at my old URL (sad story, no longer exists) and the math checks out. Sometimes it correlates to the S&P 500 and sometimes it doesn't.

Portfolio 40

Portfolio Math Management Clients 40

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

Good Financial Cents

MARCH 15, 2023

You must also possess solid math and cash-handling skills and be able to multitask. Sales managers oversee and manage sales teams in various industries, ensuring they meet their targets while maintaining high levels of customer satisfaction. What is the average customer service salary?

Communication 69

Communication Education Retail Banking 69

Random Roger's Retirement Planning

FEBRUARY 8, 2023

In 2021 it was up roughly the same 27% as the S&P 500. The way the math works, a 67% allocation to NTSX replicates 100% into a 60/40 portfolio which leaves 33% left over to do something. We talk about the idea frequently here even if I've only used that term once or twice. So, how'd it do? Did it deliver crisis alpha? Not exactly.

Portfolio 40

Portfolio Math Management Investing 40

The Better Letter

DECEMBER 15, 2022

Source: Crestmont Research Over the past 50 years (1972-2021), the S&P 500 has provided an excellent annualized total return of 9.4 Over the past 50 years (1972-2021), the benchmark 10-year U.S. This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw. The saddest.

Investments 79

Investments Investing Portfolio Numbers 79

Random Roger's Retirement Planning

SEPTEMBER 29, 2024

The math is only off by a shade using leverage via UST and a little bit of SSO, remember RPAR is leveraged. In 2020, RPAR did much better than the replication, did a little worse in 2021, 2023 and 2024 YTD and in 2022 RPAR lagged the replication by 11%. The Replication is based on this from RPAR.

Portfolio 52

Portfolio Assets Management Math 52

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. trillion.

Numbers 82

Numbers Medicine Math Marketing 82

The Big Picture

SEPTEMBER 10, 2024

So we were very aggressive in 2020 and 2021. And that’s why in 2021 into 21, we said, okay, this is the peak of the cycle rate of change. So for example, in early 2021, we made a pretty important call, which was that all the, the meme stocks were going bananas, right? So that’s the math. It’s a hard job.

Valuation 162

Valuation Clients Investing Investments 162

FMG

DECEMBER 22, 2022

When LPL bought Waddell & Reed in 2021, it opened some doors as the pay structure was more conducive for small practices and they offer a lot of optional add-on services, like virtual assistants. The math speaks for itself- over half our population is female, yet only around 20% of financial advisors are women.

Financial Advisor 52

Financial Advisor Compliance Clients Communication 52

The Big Picture

SEPTEMBER 12, 2022

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. So that was what really dominated and it continued to dominate in — in 2021. I wasn’t that typical person that did a number of, you know, internships during the summer, had that ….

Clients 299

Clients Wealth Management Banking Investing 299