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

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. CR: No, states add a sales tax to foreign sales in the USA. Anyhow, I wrote a brief cheat sheet about tariffs.

Taxes 102

Taxes Government Manufacturing Portfolio 102

The Big Picture

SEPTEMBER 12, 2022

KRISTEN BITTERLY MICHELL, HEAD OF NORTH AMERICAN INVESTMENTS, CITI GLOBAL WEALTH: It’s really interesting because I’m not someone that you would think would be the typical profile to end up in capital markets or — or sales and trading. BITTERLY MICHELL: … obviously, the United States, the global economy. I love statistics.

Clients 299

Clients Wealth Management Banking Investments 299

Cornerstone Financial Advisory

JANUARY 8, 2024

Jobs and services sector news painted a better picture of the economy on Thursday, but as the 10-year Treasury hit 4%, stock prices responded negatively. It should not be considered a solicitation for the purchase or sale of the securities. Math errors: Simple addition and subtraction mistakes can delay your return.

Marketing 98

Marketing Marketing Taxes Economics 98

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

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

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. Unfortunately, small companies are generally more tied to the economy. They need an economy that is picking up steam, not one that may finally be rolling over. Do the math.

Economy 52

Economy Retail Sales Math 52

Good Financial Cents

MARCH 15, 2023

Sales Manager 4. Sales and IT positions within the consumer services field also pay very well. Sales managers oversee and manage sales teams in various industries, ensuring they meet their targets while maintaining high levels of customer satisfaction. Table of Contents What Is Consumer Services? Flight Attendant 3.

Communication 69

Communication Education Retail Banking 69

Clever Girl Finance

JULY 13, 2022

trillion dollars in sales per year. They help keep the economy running while improving their own lives and innovating new ways to make the world better. If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Female business owners employ nearly 9 million people and generate 1.7

Food 122

Food Advertising Media Planning 122

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. Food or Package Delivery The gig economy has revolutionized everything from how we order food to the way we get around. Many people make crafts to sell at craft sales and flea markets.

Advertising 102

Advertising Media Food Management 102

The Big Picture

FEBRUARY 13, 2023

And then somebody convinced me to go into sales and trading, and I decided to do that. I try to analyze the economy from the top. the economy is stabilizing, China is growing. and maybe the economy is coming off, the central bank, not in ‘23, but will start to ease. The economy slows and you come down the other side.

Economy 147

Economy Numbers Marketing Marketing 147

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, 2022

WENGER: Well, I was basically hanging out at the USV offices after the sale of del.icio.us And you know, the only thing math works on recognition by peers, and there’s some prizes. And yet, the amount of math that’s been produced over the last, you know, few decades is just mind-blowing extraordinary.

Valuation 305

Valuation Investments Investing Engineering 305

The Big Picture

SEPTEMBER 10, 2024

Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. And then I went into really more of a sales role in the nineties. We were dealing with clients from a sales standpoint.

Valuation 162

Valuation Clients Investing Investments 162

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 mean, I always say it depends on the economies or the scale of the business that you are considering.

Clients 162

Clients Investments Investing Management 162

David Nelson

NOVEMBER 27, 2023

Do the math S&P 500 Top Performers Bloomberg Data 25% of the S&P 500 is up more than the index this year. As we closed out 2022 a lot of this year’s winners were for sale. There are always exceptions and of course some did outperform. That’s more than 125 companies with better than 20% returns. Remember last year.

Investing 52

Investing Investments Math Management 52

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. And so that then led to the sale of that business in the late 1990s to Credit Suisse. It goes so far.

Assets 173

Assets Management Portfolio Marketing 173

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. Sales centers are, are more productive. So here’s the math, Barry. In a sales center or a call center, right? You know, all of these things.

Investments 246

Investments Investing Startup Accounting 246

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.

Assets 147

Assets Management Investments Investing 147

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.

Marketing 53

Marketing Marketing Retirement Investments 53

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. But Barry Ritholtz : You found out it was all sales, right? But Erika Ayers Badan : It was all sales. Three subsequent sales in 2020. Barry Ritholtz : Big money.

Media 147

Media Food Advertising Investing 147

Good Financial Cents

APRIL 19, 2023

Once the course is complete, I do some continued marketing and client support which amounts to just a few hours per week, while sales roll in month after month. Roofstock is a marketplace of turnkey single-family homes for sale. Once the product was made and the website set up, sales became mostly passive in nature.

Accounting 105

Accounting Investing Investments Media 105

The Big Picture

AUGUST 29, 2023

I did an internship in the summer at Citibank Securities in fixed income sales and trading. But the reason I went to Merrill is because they had this unique global debt rotation program that allowed you to rotate through a couple different business units in fixed income, sales and trading. And I knew I wanted to do trading.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JULY 19, 2022

Michael Lewis’ Liar’s Poker’s good guys was one of my sales contacts there. Following the financial crisis and the Fed cutting rates, economy and the market starts recovering in late 2009 and then 2010 and we kept hearing from a lot of different value corners, hey, everything is richly priced. RITHOLTZ: Really?

Investing 130

Investing Investments Valuation Portfolio 130

Clever Girl Finance

OCTOBER 30, 2023

Benefits of work from home jobs The gig economy is booming. In fact, more than one-third of the US workforce participates in the gig economy (that is 36% to be precise). Shared economies such as Uber and Etsy are dominating their markets presenting more and more opportunities for everyone to get a share.

Recruitment 52

Recruitment Engineering Certification Communication 52

Clever Girl Finance

JULY 6, 2023

They help keep the economy running while improving their own lives and innovating new ways to make the world better. Bookkeeping and accounting If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Related posts on business ideas for women Try out one of these best business ideas for women!

Clients 105

Clients Media License Advertising 105

Brown Advisory

AUGUST 1, 2018

Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. Buffett noted that the math of the buyback would get even better if Apple’s shares went down (but not its intrinsic value), something people often misunderstand.

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

AUGUST 1, 2018

Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes. Buffett noted that the math of the buyback would get even better if Apple’s shares went down (but not its intrinsic value), something people often misunderstand.

Assets 52

Assets Investing Investments Insurance 52

The Big Picture

JANUARY 24, 2023

So I mean, in ’07 and ’08, you know, what killed the economy in ’07 and ‘08 were mortgages going down. RITHOLTZ: So it’s different math then I need 100x winner versus 99? If equity is not for sale, but we think it’s a great safe business, like a great software business that someone else bought, we can lend to them.

Investing 263

Investing Investments Numbers Banking 263

Aleph

JANUARY 14, 2023

There is more opportunity in London than much of Italy Jan 10, 2023 Xi Jinping’s plan to reset China’s economy and win back friends [link] It’s rare to see someone have severe opinions “spin on a dime.” Jan 08, 2023 Also, the article is wrong when it states that current math pedagogy favors boys over girls.

Math 59

Math Assets Banking Government 59

Aleph

FEBRUARY 18, 2023

Feb 15, 2023 One of the world’s richest families was thrust into the spotlight by a surprising share sale from one of its own members [link] You need a liquidity plan, akin to what a private real estate fund does. I would rather read than listen, unless I am driving or cutting the yard.

Banking 59

Banking Healthcare Government Budgeting 59

The Big Picture

AUGUST 23, 2022

So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. And all that information about everything in the country was effectively for sale. Is it just that simple, these folks are all for sale? How many do you have in your fleet? BROWDER: Yes.

Government 321

Government Banking Numbers Investing 321

The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. Your real business is having the best perspective of what is happening this moment in the economy. We have a, a survey we do at the end of the year of Christmas tree sale. So at that point, I had a pretty big career. Your side hustle.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

MARCH 12, 2024

They 00:38:39 [Speaker Changed] Price insensitive, they 00:38:41 [Speaker Changed] Right, they cared what the lower mortgage rate did to the economy. When that home comes up for sale, a lot of families show up that wanna live in that home. And I was always good at math and, and I had been writing code since I was in the sixth grade.

Banking 147

Banking Marketing Marketing Investing 147

Abnormal Returns

MARCH 4, 2025

ft.com) Economy Heavy truck sales fell in February 2025. mrzepczynski.blogspot.com) Earlier on Abnormal Returns Research links: more than math. (edgyoptimist.substack.com) Tariffs Where Trump tariffs are going to hit hardest. apricitas.io) Retailers are warning that higher prices are imminent.

Retail 147

Retail Math Economics Media 147

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. With 83% of the s and p 500 reporting earnings sales are roughly in line. What was the career plan?

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

JANUARY 7, 2025

The interlinkages between women, our education policy, labor force, productivity, and again, ultimately the growth of the economy. But there’s such a difference between how they operate the economy and, and especially the financial sector. What do we do about that that costs the US United States GDP growth in the summer months.

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Valuation Engineering Numbers Marketing 130