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

The Big Picture

FEBRUARY 6, 2024

And Tom has helped with the introduction of GMO’s first retail product, the quality ETF stock symbol Q-L-T-Y-G-M-O has been institutional since they launched in 1977. This is the first time they’re putting out a product for retail. I mean, traditionally it could have been like a physical asset or brand.

Valuation 130

Valuation Investing Investments Assets 130

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 Investing 299

Nationwide Financial

SEPTEMBER 12, 2022

Other risk assets are rallying, including Bitcoin gaining 15% since last Tuesday. For much of the year there has been a divergence between the sentiment of retail investors and their behavior, with investors allocating a net $167 billion to equities this year despite persistent bearishness in surveys.

Retail 52

Retail Math Banking Economics 52

The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. And definitely, their retail market participation is significantly lower than you can see in the U.S. What percentage of the assets are in ETFs relative to mutual funds? BERRUGA: You know, great question.

Clients 162

Clients Investing Investments Management 162

Random Roger's Retirement Planning

SEPTEMBER 29, 2024

Risk parity equal weights assets by their risk (more like their volatility). Where stocks are far more volatile than bonds (usually), a risk parity program would have to own far more in bonds to equal out the volatility between the two assets. reassessing the risk/volatility of the assets held and reweighting accordingly.

Portfolio 52

Portfolio Assets Management Math 52

The Big Picture

JANUARY 9, 2024

So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? It was derivatives math, it was like working with the traders on like risk management. Like, like the, you know, like the accounting standards. Like I was, I was not expecting that.

Retail 130

Retail Banking Math Management 130

David Nelson

NOVEMBER 20, 2023

So here we are in November, on the heels of a better than 10% rally that lifted all asset classes. Do the math. In retail you’re talking about single digit margins with little room for error. Bleeding to Death For the rest of that day, retail was under siege. Small caps, Mid-caps, bonds, even utilities bounced hard.

Economy 52

Economy Retail Sales Math 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. Now let’s get started. The best way to start making passive income in investing in real estate.

Accounting 105

Accounting Investing Investments Media 105

The Big Picture

AUGUST 29, 2023

Few people are in a position to see what’s going on in the world of investing, whether it’s institutional or retail, better than Vanguard CIO. So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. And Greg Davis just does an amazing job.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

MAY 30, 2023

Because then I knew what the wholesale rate was and the retail rate. Import, export, finance, marketing, wholesale, retail, customer service, security, territory, logistics. BRYANT: So money, unlike math, money is highly emotional. “Yes, I want to do the stocking.” He says “it’s the worst job I got.” RITHOLTZ: Right.

Banking 147

Banking Economics Business Planning Economy 147

The Big Picture

SEPTEMBER 10, 2024

We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. 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. So that, that’s the challenge.

Valuation 162

Valuation Clients Investments Investing 162

Good Financial Cents

SEPTEMBER 29, 2022

However, by doing a little math, you can easily determine your hourly wage from your annual salary. For example, if you’re currently working in the retail industry, you could look for jobs in the banking or technology industries. Create digital assets : This passive income strategy allows you to make money while you sleep.

Budgeting 64

Budgeting Taxes Transportation Insurance 64

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. He helps to oversee $2.5 RIEDER: Yeah.

Economy 147

Economy Numbers Marketing Marketing 147

Good Financial Cents

APRIL 14, 2023

And because it is a business, it’s a way of building a major asset. I don’t own a single asset, anywhere, that doesn’t pay a dividend.” Earning potential: 10% – 50% per trade, depending on your investible assets. Restaurants, grocery stores, retailers—you name it, they all need people. Kevin O’Leary Tweet 7.

Accounting 91

Accounting Communication Investing Investments 91

The Big Picture

MARCH 27, 2023

She is an author and former hedge fund trader, specializing in distressed assets. MIELLE: Well, I mean, it was a fairly new asset class. I think, you know, it’s not until probably Farallon came into existence, that it became a real asset class in itself, that stressed and distressed was a category that was thought as investable.

Assets 285

Assets Investing Investments Management 285

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. If you’ve got a undifferentiated, crappy retailer and you’re saying it’s going to have $5 of free cash flow in five years, and you’ve got Visa, MasterCard, most of the magnificent seven, and you say that’s $5, they’re not the same. You have so much more certainty.

Management 264

Management Investments Investing Retail 264

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. RITHOLTZ: So it’s different math then I need 100x winner versus 99? Do you do distressed asset, real estate?

Investing 263

Investing Investments Numbers Banking 263

Aleph

JANUARY 14, 2023

link] Maybe, and it might be good to replace geometry with analytic geometry, but adding data science and probability will leave most STEM majors underprepared for college math. Jan 08, 2023 Also, the article is wrong when it states that current math pedagogy favors boys over girls. It is the opposite, except in the top decile.

Math 59

Math Assets Banking Government 59

The Big Picture

MARCH 12, 2024

No income, no job, no assets were exactly ninja, Sean Dobson : No pulse seems reasonable. We see it as, like I said, about 50 million assets and we’re modeling up the value of every home in the country, every, every week, basically. We’re we’re the quant shop in real estate, in the quant shop in physical assets.

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

OCTOBER 10, 2023

Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math. So brilliant enough so that sure, he goes to math camp in the summer and find, kind of finds his tribe. But in math camp, he’s not the best. And the Undoing project.

Math 162

Math Numbers Marketing Marketing 162

The Big Picture

MAY 2, 2023

RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? I was heading up retail for Tag Heuer for North America, so I was sort of traveling around from market to market, store to store. He gave me his Omega Speedmaster, which is a really nice watch. Here’s why.”

Retail 173

Retail Insurance Advertising Numbers 173

Abnormal Returns

MARCH 4, 2025

Retail Are retail investors going to aggressively buy the dip? wsj.com) Experience shows Bitcoin is not a safe-haven asset. apricitas.io) Retailers are warning that higher prices are imminent. mrzepczynski.blogspot.com) Earlier on Abnormal Returns Research links: more than math.

Retail 147

Retail Math Economics Media 147

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. We were talking about luck earlier, got introduced to a local asset manager outside of Boston who saw what I was working on and said, this is really interesting. I mean, that’s why it gathered so many assets.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. It’s not as, as strong as your business in the asset management business. Hustle was managing institutional right assets. Don’t write it down, but they surveyed retailers. So at that point, I had a pretty big career. Your side hustle.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JUNE 20, 2023

We looked at everything from retail to nursing homes to hospitals to insurance companies to manufacturers. It’s only later, or at least in the book you described it that way, it’s only later that it’s household brands and retailers and names we know. It’s really attracting a lot of retail dollars.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

JULY 15, 2024

Now he’s the head of the discretion team at Loomis Sales, which manages well over $335 billion in client assets. I don’t, I don’t know what else to say other than there are a few people in the world that understand running a fixed income portfolio on behalf of institutional or retail clients, a as well as Matt Egan does.

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

MAY 16, 2023

LINDZON: So first year at ’01, ‘02, you have Apple and they blew out the store model, the retail model, which no one thought. You know, I’m just a retail Yahoo finance kind of guy. Why wouldn’t you, you can buy a fintech assets for 90, 90 cents off the dollar. So this is the math that I applied.

Media 290

Media Investing Investments Valuation 290

The Big Picture

OCTOBER 3, 2023

You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. It had gone from a fairly, fairly heavy retail business to a very institutional business. You’ve got a big asset management business that you care about. Yeah, exactly.

Taxes 280

Taxes Banking Clients Management 280

The Big Picture

NOVEMBER 12, 2024

It’s sort of funny to see a bunch of Ivy League suits who’ve never run a factory or who’ve never run a railroad or who’ve never run a, a retail shop, come in and say, no, no, you’re doing this all wrong. So asset is now smaller. Retailers get a crack at this giant market for a time.

Manufacturing 261

Manufacturing Consulting Economics Engineering 261