The Big Picture

FEBRUARY 10, 2023

Vox ) see also If You Have to Have a Recession, Make It a Rolling One Mild slumps that ripple through the economy can slow inflation without putting too many people out of work. trillion in fixed-income assets as a member of BlackRock’s Global Operating Committee and is Chairman of the firm-wide BlackRock Investment Council.

Math 173

Math Engineering Manufacturing Investing 173

Discipline Funds

MARCH 6, 2024

QE is an asset swap as I’ve explained many times in the past. The reason this doesn’t have a huge impact on inflation is because there’s no reason for consumers to materially change their spending patterns just because they change a safe high yielding asset into a safe low yielding asset.

Banking 118

Banking Government Economy Assets 118

David Nelson

JUNE 20, 2023

5% yields are an attractive alternative to risk assets, especially since it’s been close to 16 years since overnight rates were at current levels. Do the Math Let’s do the math. China’s central bank cut rates last week in an effort to jump start its failing economy. Who could blame them?

Math 52

Math Marketing Marketing Banking 52

The Big Picture

JANUARY 16, 2024

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. I like as a real estate person, you walk through your assets, you can touch and feel things. Essentially you buy assets. It could be all kinds of assets. I knew I wanted to do something in business.

Assets 264

Assets Investments Investing Management 264

The Big Picture

SEPTEMBER 12, 2022

They run over $800 billion in client assets, and Kristen’s group, the North American Group, is responsible for about half of the revenue that that massive organization generates. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

Clients 299

Clients Wealth Management Banking Investments 299

Discipline Funds

MARCH 28, 2025

And it’s a principle that has been disproportionately beneficial to the USA as we’ve become the wealthiest and most innovative economy in human history over the last 50 years during the free trade era. Domestic private sector assets are $250T. Anyhow, I wrote a brief cheat sheet about tariffs. CR: The govt makes $2.5T

Taxes 102

Taxes Government Manufacturing Portfolio 102

The Irrelevant Investor

NOVEMBER 11, 2018

By Nick Maggiulli The fact that high beta firms tend to have lower quality and higher financial leverage is perhaps one good reason why the outperformance in bull markets is more than erased during bear markets By David Varadi Real math is painfully precise. Investment finance math is sales math.

Math 52

Math Economics Economy Numbers 52

The Big Picture

NOVEMBER 15, 2022

You can go get some turnkey asset management program. We’re in the business of sitting in between asset owners, financial advisors, institutions, retail and asset managers, right, the BlackRock, State Street, PIMCO’s of the world, and helping them understand each other. That is a mug’s game, right?

Management 278

Management Assets Portfolio Investing 278

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. ADMATI: OK.

Banking 204

Banking Government Insurance Taxes 204

Investing Caffeine

FEBRUARY 1, 2022

However, the fact remains the economy remains strong, corporate profits are at record levels, unemployment is low, and interest rates remain at attractive levels despite nagging inflation ( see chart below ) and the removal of accommodative monetary policies by the Federal Reserve. Math Matters. Source: Calafia Beach Pundit.

Math 52

Math Assets Investing Investments 52

The Big Picture

OCTOBER 21, 2024

Really, there are a few people in the world who have a better sense of distress, asset credit, real estate, and how to not only do the fundamental research, but tactically trade around the positions. The buyers didn’t have the ability to go cross assets and cross, let’s say, ratings as, as they are today.

Numbers 147

Numbers Banking Investing Investments 147

The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. What percentage of the assets are in ETFs relative to mutual funds? So fast forward to where we are today, we have over $40 billion in assets under management. BERRUGA: You know, great question. RITHOLTZ: Wow.

Clients 162

Clients Investments Investing Management 162

The Big Picture

MAY 30, 2023

And he’s really moving the needle in terms of having people take control of their own financial life in a way that benefits not just them but the entire economy and all of society. They’re an underground economy because they don’t trust the mainstream economy. These are not dumb people. RITHOLTZ: Right.

Banking 147

Banking Economics Business Planning Economy 147

Carson Wealth

MARCH 2, 2023

Often, they have built exceptionally successful careers and saved substantial amounts in various asset classes. Having a good-sized pool of liquid assets is important so you can preserve your capital rather than making withdrawals during an ongoing market downturn, which can have a damaging impact.

Retirement 98

Retirement Taxes Accounting Financial Advisor 98

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. Then what enables that you have to have some asset ability capability that competitors can’t equally duplicate. Finance was the natural fit for GMO.

Valuation 130

Valuation Investments Investing Assets 130

The Big Picture

FEBRUARY 13, 2023

And this is just a masterclass in how to manage assets, think about your career, understand the relationship between markets, between fixed income, the Fed, the dollar, sentiment, consumer spending, just everything is related and understanding what matters when is the key to your success. I try to analyze the economy from the top.

Economy 147

Economy Numbers Marketing Marketing 147

The Big Picture

JULY 19, 2022

You mentioned in the beginning of the book lower asset yields and richer asset prices have pulled forward future returns. So, starting yields of all major assets were coming down in the last decade and last decade — actually, several decades. RITHOLTZ: Really quite interesting. Explain that. Bonds are the most expensive.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

OCTOBER 17, 2023

I want to get into that before we start talking about asset management. So I, I did a math degree at Oxford, which is more pure math. 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.

Investing 130

Investing Investments Clients Management 130

David Nelson

NOVEMBER 20, 2023

God forbid the economy, or the consumer were strong. Outside of energy that mindset rained on just about every sector of the economy last year. So here we are in November, on the heels of a better than 10% rally that lifted all asset classes. Unfortunately, small companies are generally more tied to the economy.

Economy 52

Economy Retail Sales Math 52

Steve Sanduski

AUGUST 4, 2022

Simple math says the CAGR of NET NEW ASSETS (i.e., CAGR of AUM sounds pretty good until you look at how much of that growth was simply due to market growth. For comparison, a passive 60/40 bond portfolio, as mentioned above, grew at a CAGR of 11.9%. Revenue Growth. You can’t eat AUM so let’s look at actual revenue. 3 Observations.

Math 52

Math Portfolio Numbers Financial Market 52

Nationwide Financial

SEPTEMBER 12, 2022

Other risk assets are rallying, including Bitcoin gaining 15% since last Tuesday. 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. This is causing the euro to rally against the dollar.

Retail 52

Retail Math Banking Economics 52

The Big Picture

AUGUST 29, 2023

That period very much encompasses Vanguard going from an admittedly successful, but not enormous entity, till I think the 2000s, especially the financial crisis, changed how people thought about managed assets, indexing, advisory versus transactional, and Vanguard, along with BlackRock, have been two of the biggest beneficiaries of this.

Portfolio 130

Portfolio Investing Investments Numbers 130

Clever Girl Finance

SEPTEMBER 15, 2022

In simple terms, depreciation is the reduction in the value of an asset over time. Yes, a car is an asset , but it is a depreciating asset affected by years of ownership and other factors. The good thing is that you don’t have to worry about the math. Here's what you should know. So what does "car depreciation rate" mean?

Transportation 52

Transportation Budgeting Math Assets 52

The Big Picture

SEPTEMBER 10, 2024

I wouldn’t say I like one better than the other, but what I would say is I do find more personal satisfaction in helping the asset owner clients who really need the help. And that should tell you whether or not an asset’s probably going to be appreciating or depreciating. So that, that’s the challenge.

Valuation 162

Valuation Clients Investing Investments 162

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. He said, I overpaid for the asset. So here’s the math, Barry. It’s gonna take a while to integrate, integrate those folks back into other parts of the economy.

Investments 246

Investments Investing Startup Accounting 246

Good Financial Cents

JUNE 25, 2023

Anyone with an Internet connection can participate in the cryptocurrency economy. The stock market is a lot more established with hundreds of years of history and clearer methods of deciding the value of an asset. If all of that sounds overwhelming, there’s no harm in skipping this particular asset class.

Investing 76

Investing Investments Accounting Commission 76

Clever Girl Finance

OCTOBER 17, 2023

Bookkeeping, auditing, or accounting clerk Median yearly wage, according to the Bureau of Labor Statistics: $45,860 This career can work out well if you are good at math and numbers. Skilled at an academic subject like math or English? Gig economy apps If you have a smartphone and a car, a new side gig could only be a few clicks away!

Taxes 52

Taxes Numbers Math Budgeting 52

The Big Picture

NOVEMBER 22, 2022

And so they stood up a firm called AltFinance, whose main purpose was to help alternative asset managers tap into that rich pool of potential hires. RITHOLTZ: So generally speaking, alternative assets, that’s a tough gig to get into regardless of where you go to school. I also saw that they had some really unique assets.

Recruitment 147

Recruitment Engineering Banking Investments 147

Brown Advisory

AUGUST 1, 2018

That compounding is the power of putting your money into the productive assets of businesses within the American system. In contrast, Buffett cited gold as the asset people often turn to when they are worried about the future, but gold is an unproductive asset, it just sits there doing nothing. stocks, the productive asset!

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

AUGUST 1, 2018

That compounding is the power of putting your money into the productive assets of businesses within the American system. In contrast, Buffett cited gold as the asset people often turn to when they are worried about the future, but gold is an unproductive asset, it just sits there doing nothing. stocks, the productive asset!

Assets 52

Assets Investing Investments Insurance 52

Mr. Money Mustache

MAY 20, 2022

And just to amplify everything even further, China has launched a batshit crazy (and medically impossible) “zero covid” policy, locking down hundreds of millions of its own people who can no longer produce or export the things that the rest of the world’s economy had grown to rely upon. 2) My net worth has just cratered by 20%.

Marketing 53

Marketing Marketing Retirement Investments 53

Brown Advisory

JUNE 16, 2022

The great freeze on free money has arrived with a jolt as inflation cleaves through the global economy. Long duration assets are losing favour given higher rates act like gravity on the price of securities whose intrinsic value is based on cash flows generated further into the future. Depreciation rises over time too.

Investing 52

Investing Investments Accounting Valuation 52

Good Financial Cents

APRIL 19, 2023

When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate. When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate. Thanks to the likes of Airbnb and others, these sharing economy services have shown us it’s not so scary!

Accounting 105

Accounting Investing Investments Media 105

The Big Picture

JUNE 18, 2024

And at the time when I graduated the economy, it was very good. Barry Ritholtz : Oh, so booming economy, 50 grand in the nineties for right outta college. So we think of Fidelity as like this big giant stodgy asset manager. 00:40:26 [Speaker Changed] They, they know, they know math, they know math.

Media 147

Media Food Advertising Investing 147

The Big Picture

JANUARY 24, 2023

KKR was the biggest with $400 million of assets and eight people. And Forstmann Little was the second biggest with $200 million of assets, and four professionals and they hired me in as the fifth professional. So I mean, in ’07 and ’08, you know, what killed the economy in ’07 and ‘08 were mortgages going down. RITHOLTZ: Right.

Investing 263

Investing Investments Numbers Banking 263

David Nelson

MARCH 6, 2023

I think most of us want to see the sustainable platform succeed, but the rational among us know that we aren’t going to get there by trashing the global economy along the way. trillion in assets under management. Do the Math! billion in assets. Ground Zero Fossil fuel companies are ground zero in the ESG fight.

Fiduciary Duty 52

Fiduciary Duty Investing Investments Math 52

The Big Picture

APRIL 8, 2025

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. ’cause the asset management business of Sanford Bernstein, as everyone I think knows, was a deep value shop.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147