A Wealth of Common Sense

JUNE 20, 2023

To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. You need an understanding of how the different asset classes behave from a risk and reward perspective.

Financial Advice 145

Financial Advice Math Economy Financial Market 145

The Big Picture

JUNE 24, 2023

To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Evolution of Financial Advice.

Math 268

Math Advertising Financial Advice Assets 268

The Big Picture

JULY 20, 2023

My obvious bias is that my advisory firm charges clients to create financial plans and manage their assets. 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?

Financial Planning 186

Financial Planning Math Assets Management 186

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. She can go anywhere, do anything.

Assets 147

Assets Management Investing Investments 147

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

MARCH 31, 2023

The platform had punched above its weight in pure user numbers thanks to an unrivaled ability to both distribute real-time information and make expertise available. trillion asset manager of TIAA. trillion asset manager of TIAA. Churchill was the top U.S. Kencel was named one of private credit’s 20 power players.

Banking 162

Banking Math Distribution Investment Advisor 162

Abnormal Returns

OCTOBER 4, 2022

calculatedriskblog.com) A doubling of the mortgage rates radically changes housing math. wsj.com) Asset managers are struggling to get employees back in the office. abnormalreturns.com) Adviser links: more than the numbers. Markets Lumber prices are back down to pre-pandemic levels. Then check out our weekly e-mail newsletter.

Math 130

Math Financial Advising Media Economy 130

Mish Talk

DECEMBER 12, 2022

Case number one is price neutral to Bitcoin. Case number two is net negative for Bitcoin. Case Number One Let's return to case number one above: The merchant not only accepts Bitcoin but also holds it. Bitcoin Accepted Here What happens if increasing numbers of merchants accept bitcoin but do it hold it.

Numbers 130

Numbers Math Insurance Government 130

Clever Girl Finance

FEBRUARY 6, 2023

The term personal finance ratios might be giving you flashbacks to math class. In mathematical terms, a ratio is essentially a way to compare two numbers to each other. Since personal finance is all about numbers, that can come in handy in many ways! However, their value tends to fluctuate more so it’s not a stable number).

Numbers 97

Numbers Assets Retirement Budgeting 97

Nerd's Eye View

FEBRUARY 21, 2023

Danqin is a Lead Advisor for Austin Asset, an independent RIA based in Austin, Texas that oversees more than $1.3 billion in assets under management for nearly 400 client households. Welcome back to the 321st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danqin Fang.

Financial Advisor 130

Financial Advisor CFP Financial Planner Education 130

Clever Girl Finance

FEBRUARY 21, 2024

The term personal finance ratios might give you flashbacks to math class, learning various formulas, equations, and ratios. In mathematical terms, a ratio is essentially a way to compare two numbers. Since finance is all about numbers, that can come in handy in many ways especially when making financial calculations!

Assets 98

Assets Numbers Math Retirement 98

The Big Picture

JANUARY 16, 2024

She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. Essentially you buy assets. It could be all kinds of assets.

Assets 264

Assets Investing Investments Management 264

Clever Girl Finance

JANUARY 29, 2023

What's included with net worth Net worth includes your assets and your liabilities. Subtract your liabilities from your assets to get your net worth. Your assets include everything from the cash in your bank accounts to the value of your stock portfolios and the market value of anything tangible that you own such as a house or a car.

Budgeting 119

Budgeting Retirement Assets Education 119

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. Even with that as a continued threat, evidence continues to mount that an ever-rising number of companies are starting to participate in the most hated bull market of my career.

Math 52

Math Marketing Marketing Banking 52

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. She has run a number of firms and a number of divisions at large firms and traced a career arc that’s just very unusual compared to the typical person in finance. It is something, math has always come easy to me since a child.

Math 130

Math Management Insurance Assets 130

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. QE is an asset swap as I’ve explained many times in the past. And it’s not until year 7.5

Banking 118

Banking Government Economy Assets 118

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

MARCH 20, 2024

Full transcript below. ~~~ About this week’s guest: Jim O’Shaughnessy, former chairman and founder of O’Shaughnessy Asset Management (now part of Franklin Templeton) and author of the New York Times bestselling book, “What Works on Wall Street” — the first quantitative investing book available to the general public.

Investing 162

Investing Investments Portfolio Valuation 162

Discipline Funds

APRIL 19, 2023

It’s diverse, low cost and extremely hard to beat in the long-run mainly because it’s a very close approximation of the Global Financial Asset Portfolio. Owning a 60/40 via a single fund can create a lot of homogeneous asset class risk and liquidity risk because you can’t tap the specific liquid components in the portfolio.

Portfolio 105

Portfolio Math Assets Management 105

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

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 wasn’t that typical person that did a number of, you know, internships during the summer, had that …. Her name is Kristen Bitterly Michell. RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299

Random Roger's Retirement Planning

JUNE 30, 2024

We've gone over the math before that starting as late as 55 can catch a lot of the way up if they can afford to save a very high percentage of their income. Smart Asset calculates $70,000 gross income working out to $57,187 after tax. Obviously you can discount those numbers if you expect lower returns going forward.

Retirement 75

Retirement Math Taxes Accounting 75

The Big Picture

JANUARY 21, 2025

Barry Ritholtz : The the funny thing is, the behavioral aspect of mutual funds seems to have been when people finally learn about a manager who’s put up great numbers, by the time it makes to make makes it to Forbes, hey, most of that run is probably over and a little mean reversion is about to kick in.

Investing 147

Investing Investments Management Retirement 147

Random Roger's Retirement Planning

JULY 8, 2023

That is difficult to pull off but if you do the math on that it shows long term outperformance. Having that much in asset classes that are intended to not look like equities should mean that the long term result won't look anything like the stock market. This is why we talk about taking bits of process from various sources.

Asset Allocation 74

Asset Allocation Math Portfolio Assets 74

Clever Girl Finance

OCTOBER 20, 2022

Importantly, liquid net worth is different than your overall net worth because it only takes your liquid assets into account. In other words, while your net worth is the complete value of all your assets (i.e., what you owe), the liquid amount you own is only the total value of your liquid assets minus your liabilities.

Assets 59

Assets Accounting Math Portfolio 59

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

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? I was employee number 10. So fast forward to where we are today, we have over $40 billion in assets under management. RITHOLTZ: Wow.

Clients 162

Clients Investing Investments Management 162

Random Roger's Retirement Planning

JULY 9, 2023

Generally speaking, pensions are less viable than they used to be, the math doesn't work as well. Intended or not, 401k money has radically altered the mutual fund landscape, bringing trillions in managed assets that generate fees. Numbers vary but we all know the numbers in aggregate are too low to provide sustainable retirements.

Retirement 66

Retirement Math Management Taxes 66

The Big Picture

SEPTEMBER 3, 2024

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

Investing 147

Investing Investments Management Valuation 147

Carson Wealth

MARCH 2, 2023

Often, they have built exceptionally successful careers and saved substantial amounts in various asset classes. Run Your Numbers You need to get a handle on your various sources of income and where they are housed — as in, how easily you can access them when you need them.

Retirement 98

Retirement Taxes Accounting Financial Advisor 98

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. Number one, and I think they both reflect strong leadership at the firms. Key brands, number one, Coca-Cola Bottling is the company that really helped to jumpstart the city.

Recruitment 147

Recruitment Engineering Banking Investing 147

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. And I had an opportunity to be an underwriter for a few years before I decided to go back to school to get the MBA.

Portfolio 130

Portfolio Investing Investments Numbers 130

Random Roger's Retirement Planning

DECEMBER 1, 2023

Part of the math that determines options premiums is the risk free rate of return from T-bills. Back to Israelov's quote, they can be a way to add volatility as an asset class, in this case through something that sells that asset class, that sells volatility. Covered call funds have many favorable attributes.

Math 74

Math Retirement Numbers Portfolio 74

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 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. To get the leveraging down effect we should add another descriptive asset class. in November.

Portfolio 74

Portfolio Math Assets Retirement 74

The Big Picture

MAY 30, 2023

Number one, a school district is a business. And number two, and I think that they were like, I’m sure there’s a note coming after this with a congressional allocation, and it never came. BRYANT: Number two, money is emotional. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Right.

Banking 147

Banking Economics Business Planning Economy 147

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. Simple math says the CAGR of NET NEW ASSETS (i.e., Organic growth is the lifeblood of a business and without it, you are at the mercy of volatile financial markets.

Math 52

Math Portfolio Numbers Financial Market 52