The Big Picture

SEPTEMBER 19, 2022

WENGER: No, we’ve definitely always been disciplined on valuation, and we’ve let a number of things go. We went from having religions where, you know, everything was a spirit, a tree, a rock, everything had a spirit, and then we went from that to theistic religions where there was some different number of gods.

Valuation 305

Valuation Investing Investments Engineering 305

Steve Sanduski

AUGUST 4, 2022

Charles Schwab just released their 2022 RIA Benchmarking Study and I decided to crunch the numbers and see what the data shows. Crunch the Numbers. 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%.

Math 52

Math Portfolio Numbers Financial Market 52

Random Roger's Retirement Planning

JULY 15, 2022

and that is the number I will assume. 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%

Portfolio 66

Portfolio Math Numbers Marketing 66

Clever Girl Finance

JANUARY 29, 2023

Causes of the student debt crisis Based on these staggering numbers, the student loan crisis arises from the fact that many Americans are taking on high debt for college but are unable to pay off their student loans. For white students, that number drops to 59.9%. But what causes this debt burden? An estimated 86.6%

Budgeting 105

Budgeting Education Planning Government 105

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. New York is number one. Two reasons.

Assets 147

Assets Management Investing Investments 147

The Better Letter

MARCH 14, 2024

And about 60 percent of national champions are one of the four number one seeds. 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. A roulette wheel hitting the same number seven times in a row ( one in three billion ). quintillion. trillion.

Numbers 82

Numbers Medicine Math Marketing 82

The Big Picture

SEPTEMBER 12, 2022

I wasn’t that typical person that did a number of, you know, internships during the summer, had that …. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. One, we also saw a record number of credit card openings in Q1 and Q2.

Clients 299

Clients Wealth Management Banking 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

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. Graham Foster] : 00:02:54 That was a number, that was number theory, pure number theory. It gets further and further away the D P U go.

Investing 130

Investing Investments Clients Numbers 130

Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% It's not that 60/40, or some other combination of numbers is bad or dead, more like how we build the 40 or other number maybe needs to be different. when the chart starts, down to 1.09% per Yahoo, after bottoming out in the neighborhood of 0.50%. in November.

Portfolio 74

Portfolio Math Assets Retirement 74

The Better Letter

DECEMBER 15, 2022

As I write this TBL, the S&P 500 is getting crushed and (using very rough numbers) is down 18 percent year-to-date. 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. The nicest.

Investments 79

Investments Investing Portfolio Numbers 79

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

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 was employee number 10. RITHOLTZ: Which is really a pretty big number.

Clients 162

Clients Investing Investments Management 162

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, The ROE numbers from 2018 to 2022 are 57.17%, 49.79%, 42.74%, 71.64%, and 83.3% Company 2018 2019 2020 2021 2022 Average 5 yr. Company 2018 2019 2020 2021 2022 Average 5 yr. higher ROE. respectively.

Pharmaceutical 59

Pharmaceutical Manufacturing Engineering Distribution 59

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. We forget that there weren’t personal computers on everybody’s desk back then. That’s the opportunity set.

Assets 173

Assets Management Portfolio Taxes 173

The Big Picture

AUGUST 29, 2023

And it worked out and had multiple job offers coming out of school from a number of different insurance companies. I had a number of relationships that I built up and had another job lined up in New York City. DAVIS: So when we think about how those teams are evaluated, it’s a three-year number. So how did you perform?

Portfolio 130

Portfolio Investing Investments Numbers 130

Good Financial Cents

MARCH 15, 2023

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. You must also possess solid math and cash-handling skills and be able to multitask.

Communication 69

Communication Education Retail Banking 69

The Better Letter

FEBRUARY 8, 2024

Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. Passer Ratings decline with every round of the draft except the sixth, the numbers for which are skewed by Brady.

Numbers 91

Numbers Education Management Math 91

Random Roger's Retirement Planning

SEPTEMBER 29, 2024

Kurtosis is a very fancy word where the higher the number, the greater the risk of an outlier result like 2022. A lower number is a mathematical representation of smoothing out the ride via fewer/smaller outlier results. The math is only off by a shade using leverage via UST and a little bit of SSO, remember RPAR is leveraged.

Portfolio 52

Portfolio Assets Management Math 52

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

Sara Grillo

JUNE 12, 2023

Quick math: If you have $1.828 million in the bank. And , you have to do the math by hand. 2021, February). There is an admin charge of about $49k. There is an insurance charge of about $246k. There is an amount credited of about $348k. The cash value of the policy is about $1.8MM. The bank is going to credit you 4.95%.

Insurance 59

Insurance Clients Financial Advisor Math 59

Random Roger's Retirement Planning

FEBRUARY 8, 2023

In 2021 it was up roughly the same 27% as the S&P 500. Here are some other numbers compared to the S&P 500 and VBAIX which is a proxy for a 60/40 portfolio. 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. So, how'd it do? Not exactly.

Portfolio 40

Portfolio Math Management Investing 40

The Big Picture

SEPTEMBER 10, 2024

So that’s, that’s number one. 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?

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

JULY 4, 2023

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. These are big numbers.

Management 147

Management Recruitment Numbers Banking 147

Brown Advisory

NOVEMBER 13, 2023

The New Normal It is difficult for investors and individuals alike not to have been directly impacted by the rapid rise in inflation in 2021 and 2022, the succeeding interest rate hikes by global central banks and the ensuing effects these economic events have had on financial markets, including the mortgage market.

Investments 52

Investments Investing Portfolio Clients 52

Discipline Funds

MARCH 6, 2024

This meant that there was very little demand for debt and so increasing the supply of potential loans was like an apple cart salesman increasing the number of apples he sells with the hope that more supply would create its own demand. This is the basic math behind what’s happened to every consumer who owns these bonds.

Banking 119

Banking Government Economy Assets 119

The Big Picture

AUGUST 15, 2023

Or at least the top, pick a number, 30, 40%. I don’t remember the number. ” 29, 87, 74, just pick any 50 plus percent number and certainly 2000 and ’08, ’09, a major index gets cut in half. So you’re talking about an average of a large number. Less, 20, 30%? And — RITHOLTZ: What?

Management 130

Management Investing Investments Government 130

The Better Letter

FEBRUARY 9, 2023

Math is powerful. Winning as a gambler is tough generally , but there are typically several Super Bowl bets where simple math demonstrates that the line is off (in terms of reality if not in terms of equalizing the total bets). If you know and can apply it, math is a major edge in gambling about football and elsewhere.

Math 83

Math Advertising Numbers Media 83

The Big Picture

JUNE 27, 2023

Peter Borish, founding partner number two at Tudor Investments where he worked directly with Paul Tudor Jones, most famously helping him put on a very aggressive short position heading into the ’87 crash. .” RITHOLTZ: So literally number two at the firm? And so it’s one of these things that math works.

Math 147

Math Risk Management Marketing Marketing 147

Mish Talk

NOVEMBER 27, 2022

Spotlight 2020 and 2021 For 2020, the reported deficit was $3.132 trillion but debt rose by $4.546 trillion. For comparison purposes, in 2021 debt did not rise as much as the deficit. Debt Through Calendar Year 2021. Those numbers are through 2021. 2022 Math The 2021 year end debt was $29.621 trillion.

Budgeting 200

Budgeting Math Economics Accounting 200

The Big Picture

MARCH 21, 2023

You can use this in a number of ways. And that’s a pretty good number. RITHOLTZ: So like the 40 percent number, what are the odds of this happening? Stocks usually make 10 percent a year, and don’t hold me to any of these numbers. What you’re going to earn on that money is an important number.

Valuation 173

Valuation Investing Investments Numbers 173

The Big Picture

OCTOBER 10, 2023

Michael Lewis ] 00:01:42 So this friend reaches out in September of 2021, and I’d never heard of Sam Bankman Fried or F T X , I hadn’t been paying much attention to crypto. and I don’t know if this is from the book or or my research, Forbes settled on that number. So, so he’s brilliant at math.

Math 162

Math Numbers Marketing Marketing 162

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

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 kind of a silly number, but people are going to think you’re smart or dumb based on that number.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

APRIL 8, 2024

. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio Barry Ritholtz : This weekend on the podcast, ed Hyman returns to talk about all things economic analysis, what’s going on in the world, how he’s built an incredible career, oh my God, 43 times number one ranked in the Institutional investor survey in economics.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

MARCH 12, 2024

So a lot of the headline names, you see a lot of the stories you see about, about the financial crisis, a significant number of, of those investors we were helping in security selection, modeling, and analytics. You’re actually crunching a lot of numbers. That OER number was calculable four months ago.

Banking 147

Banking Investing Investments Marketing 147

The Big Picture

JULY 31, 2023

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. So, so you choose a number of specific industries or did you choose them? RITHOLTZ: Wild number.

Retail 130

Retail Government Economy Economics 130