The Better Letter

MARCH 16, 2023

The maths are exactly the same. These sorts of math problems are the focus of this week’s TBL. Math Problems As this TBL goes live, just 16 games and one day of the NCAA Tournament are in the books, yet my bracket is a mess. We notice the unlikelihood of 100 in a row because of the pattern. Thanks for reading. quintillion.

Math 95

Math Numbers Medicine Marketing 95

Abnormal Returns

DECEMBER 16, 2023

popsci.com) Science Google DeepMind solved a previously unsolvable math problem. wsj.com) Drink The consensus turned against alcohol in 2023. profgalloway.com) Movies The best movies of 2023 including 'Killers of the Flower Moon.' (newyorker.com) The 10 best movies of 2023 including 'The Holdovers.'

Math 278

Math Electronics Financial Advising Media 278

Abnormal Returns

OCTOBER 19, 2024

grist.org) Environment What's to explain 2023-24's anomalous temperatures? npr.org) The math on farmed fish doesn't work. (hakaimagazine.com) Forests Flying firefighting airplanes is a high risk proposition. wsj.com) Foresters are using 'assisted migration' to help forests become more resilient.

Food 278

Food Math Financial Advising Startup 278

The Big Picture

DECEMBER 12, 2022

Yet the fundamental math of bond returns bodes well for 2023, our columnist says. ( The bond market certainly DID NOT see the pandemic-induced inflation coming. ( New York Times ). • Has private equity avoided the asset-price crash? No, but everyone is enjoying the charade. Economist ). Wall Street Journal ). • Gen Z came to ‘slay.’

Math 306

Math Economy Communication Economics 306

The Big Picture

FEBRUARY 2, 2023

emphasis added) The red flags were there for anyone who could put their greed aside and simply focus on the math. Previously : How to Avoid Financial Disasters (January 26, 2023) If It Sounds Too Good To Be True… (September 18, 2022) All the Ways You Can Get Defrauded (July 8, 2021) Advice for Rich Uncles and Others.

Math 64

Math Investing Investments Sales 64

The Big Picture

MAY 1, 2023

But most of all, it was just simple maths according to Druck. Fowler and Clymer (dubbed the “ High Priest of Horology “) discuss all things wristwatches and timepieces, including their experiences at the 2023 Watches & Wonders , why the marketplace has exploded over the past few years, and what are their favorite grail watches.

Math 288

Math License Economy Numbers 288

The Big Picture

NOVEMBER 27, 2023

(October 22, 2012) Investing via Media Market Timing (February 8, 2009) Forecasting & Prediction Discussions Sources : We Found 30 Timing Strategies that “Worked”—and 690 that Didn’t By Wei Dai, PhD, Audrey Dong, DFA, Oct 31, 2023 In the Stock Market, Don’t Buy and Sell. By Jeff Sommer New York Times, Nov. More on this later.

Marketing 304

Marketing Marketing Math Retirement Planning 304

The Big Picture

MAY 9, 2024

Previously : Simple, But Hard (January 30, 2023) One-Sided Markets (September 29, 2021) The Price of Paying Attention (November 2012) See also : Welcome to FinTok, Where Day Trading, Options Investing, and Misinformation Reign ( Institutional Investor , September 25, 2020) TikTok Influencers Promise They’ll Make You Rich.

Media 336

Media Taxes Math Investing 336

Abnormal Returns

MAY 14, 2023

humbledollar.com) Some lessons from the 2023 Berkshire Hathaway ($BRK.A) wealthmanagement.com) The math behind savings rates and retiring early. (morningstar.com) The case for international diversification is still solid. annual meeting. novelinvestor.com) The banking crisis isn't over.

Math 162

Math Portfolio Retirement Banking 162

The Big Picture

JANUARY 17, 2023

Tight Money Will Pressure Startups to Sell in 2023 : Startups holding out for an IPO or Figma-scale acquisition are likely to be disappointed ( Businessweek ). The joy of sets : Why won’t our artistic-literary establishment recognise that there’s mystery, beauty and humanity in maths? A Wealth of Common Sense ). up from 3.2%

Startup 243

Startup Math Engineering Distribution 243

Advisor Perspectives

DECEMBER 20, 2022

In 2023, the math of valuations suggests returns will likely be challenging as markets remain difficult to navigate.

Math 40

Math Valuation Marketing Marketing 40

The Big Picture

JULY 20, 2023

But just do the math: Would you prefer to give up 67 basis points (RWM’s dollar-weighted average fee is ~0.67%) or would you prefer to give up 30% of your gains PLUS pay an annual 0.79% fee for the TJUL ETF? Giving up permanent gains to avoid impermanent drops seems like an awful exchange.

Financial Planning 186

Financial Planning Math Assets Management 186

The Big Picture

OCTOBER 23, 2023

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

Government 334

Government Economics Taxes Budgeting 334

Random Roger's Retirement Planning

OCTOBER 26, 2024

First, is the math right based on my numbers? Even the gain in 2023 might not be repeatable but it's the best we can do. If we guess just 2 billion people, and that is just a guess, and divide that into the 15.2 How can it solve anyone's problem? I used BTCFX in Portfolio 2 to backtest a little further than we could with an ETF.

Math 52

Math Portfolio Numbers Taxes 52

David Nelson

JUNE 20, 2023

By David Nelson, CFA The narrative for 2023 and a bull market that continues to get little respect is that without the support of its $trillion market cap members, most of the market is little more than roadkill. Do the Math Let’s do the math.

Math 52

Math Marketing Marketing Banking 52

The Big Picture

FEBRUARY 10, 2023

Atlas Obscura ) • Joe Biden’s 2023 State of the Union: 4 winners, 4 losers and an honorable mention : It was a bad night for billionaires, a better one for climate change. Business Insider ) • Stop treating unemployment as a necessary evil to curb inflation : An economist explains why it’s time to rethink popular assumptions about layoffs. (

Math 173

Math Engineering Manufacturing Investments 173

The Big Picture

MARCH 31, 2023

” In 2023, remote work is threatening to kill banks. Goldman Sachs’s David Solomon called it “an aberration that we are going to correct as quickly as possible.” ” JP Morgan’s Jamie Dimon declared he’s canceling all his Zoom meetings and expected the office to “look just like it did before.”

Banking 162

Banking Math Distribution Investment Advisor 162

Good Financial Cents

DECEMBER 10, 2022

Our 25 Best Ways to Make Money Online in 2023. If you have expertise in any common subjects, such as math and science, and you have some extra time, you may have all you need to become a tutor. Bottom Line on Making Money Online in 2023. Don’t discount the possibility of making money online in 2023. Launch Your Own Blog.

Risk Tolerance 112

Risk Tolerance Media Investing Investments 112

Sara Grillo

APRIL 11, 2023

The reason I put all this together is I see a ton of financial advisors out there who struggle to get a grasp of what the math behind a financial advisor practice looks like. Was this financial advisor income statement stuff helpful?

Financial Advisor 97

Financial Advisor Management Accounting Consulting 97

Random Roger's Retirement Planning

FEBRUARY 29, 2024

The simple 40 year trade for bonds of "number go up" is finished and as a matter of math, can't be repeated. Less so in the last few weeks but late in 2023 a lot of pundits were saying it was time to add duration despite those yields being lower than short dated paper. Taking volatility out of a fixed income portfolio is fairly simple.

Marketing 95

Marketing Marketing Math Portfolio 95

Sara Grillo

JUNE 24, 2024

The math behind Universal Life Insurance Interest Rates is a twisted web and most consumers are deceived. Know how the math works so you can see the potential risks that may exist with your policy. This correction was updated in 2020 with AG 49A and again in May 2023 with AG49B. Don’t be fooled! appeared first on Sara Grillo.

Insurance 59

Insurance Math Financial Advice Compliance 59

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. Maybe they are that attractive, maybe not but I'm not sure how anyone could be confused by the amount of buying in 2023.

Marketing 98

Marketing Marketing Financial Advising Math 98

Cornerstone Financial Advisory

JANUARY 8, 2024

Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. IRS.gov, September 6, 2023 6. The Wall Street Journal, January 5, 2024 3. The Wall Street Journal, January 5, 2024 4.

Marketing 98

Marketing Marketing Taxes Economics 98

The Better Letter

MARCH 18, 2025

Both 2021 and 2022 each had 14 upsets; there were 10 upsets in 2023 and nine in 2024, if only three in 2007. Last season’s UConn Huskies won a second consecutive title as a heavily favored top seed, unlike 2023 when they were a four. Between 1985 and 2024, there were 8.5 upsets per tournament (4.7 quintillion. trillion.

Numbers 75

Numbers Marketing Marketing Medicine 75

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. So what trends and practice areas have you most excited looking forward 2023 and beyond?

Assets 299

Assets Clients Investing Investments 299

The Big Picture

AUGUST 8, 2022

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 204

Banking Government Insurance Taxes 204

Walkner Condon Financial Advisors

JUNE 2, 2023

In this regard, financial planning seems to differ from science, technology, engineering and math (STEM) careers where many women leave their jobs in their mid-thirties after a few years of experience on the job.” This 2023 study examines the negative productivity and financial impact that it can have on individuals and society as a whole.

Financial Planning 98

Financial Planning Planning CFP Financial Advisor 98

Random Roger's Retirement Planning

AUGUST 17, 2023

In my opinion the diversification benefit hits diminishing returns pretty close to 40 individual holdings based on math if nothing else. The chart shows two long term outperformers, names blanked out, each having much different 2023's. If a portfolio starts with 40 holdings each with an equal 2.5%

Numbers 75

Numbers Portfolio Math Portfolio Management 75

Nationwide Financial

SEPTEMBER 12, 2022

The curve, however, continues to project cuts to the rate beginning next May, which seems optimistic given the tone of Fed officials and the math around getting inflation back close to their 2% target. The Fed Futures curve embeds an 88% chance of a 0.75% hike later this month, with a peak in the Fed Funds rate at roughly 4% (currently 2.5%).

Retail 52

Retail Math Banking Economics 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. Oh that’s interesting.

Assets 147

Assets Management Investing Investments 147

Your Richest Life

NOVEMBER 9, 2023

months in August of 2023. You should also do the math to make sure you have a clear idea of what you can afford. Typically, the real estate market should have about a six month supply of homes on the market. That number fell to 1.6 months in January of 2022, and has since bumped up to 3.3

Marketing 52

Marketing Marketing Budgeting Financial Planner 52

Darrow Wealth Management

SEPTEMBER 7, 2023

Although the spread is still considerable, at the 22% statutory withholding rate for non-qualified stock options (if under $1M), the tax due with simple hypothetical math is ‘only’ about $38,500.

Wealth Management 82

Wealth Management Taxes Tax Planning Valuation 82

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. In 2023, they concluded again that their methodology didn’t work so they came out with AG 49-B. 2023, May 1). There is an admin charge of about $49k. There is an insurance charge of about $246k. Here’s another example.

Insurance 59

Insurance Clients Financial Advisor Math 59

David Nelson

NOVEMBER 27, 2023

Look outside the popular favorites for new themes as we head into 2024 The Price Tag for Downside Protection – Protecting the downside often means lagging the upside By David Nelson, CFA CMT As 2023 comes to a close, it is time for a raw, no-holds-barred reflection on the investment battlefield.

Investing 52

Investing Investments Math Management 52

Good Financial Cents

FEBRUARY 10, 2023

You can become a tutor in almost any subject, but science and math are two of the most profitable niches. But if you’re looking for more specific examples, check out my post with the best 37 Best Side Hustle Ideas for 2023. Tutoring Tutoring is one of the best strategies for helping children who are struggling with their schoolwork.

Advertising 102

Advertising Media Food Management 102

The Better Letter

OCTOBER 5, 2023

This math explains why we shouldn’t be surprised when the market remains “irrational” far longer than seems possible. Issue 155 (October 6, 2023) 1 The trader was Victor Haghani. But we aren’t at all surprised when someone does win , even though the individual winner is shocked at his or her good fortune.

Insurance 114

Insurance Food Asset Allocation Retirement 114

The Big Picture

FEBRUARY 6, 2024

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. 2022 was a a down 19% I think in the s and p 500, but last year, 2023 core quality and quality value slowed, but quality growth boomed somewhat different.

Valuation 130

Valuation Investing Investments Assets 130