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Quick math: If you have $1.828 million in the bank. And , you have to do the math by hand. Now, quick math, if you have 128 million in the bank in your Christmas or Hannukah Club, and the bank is going to credit you 5% on your money 0:18:18.4 So ethically, I think it applies everywhere. Here’s another example.
We discount each year at our 10% minimum weighted average cost of capital (WACC) and some infinite series maths gives us the basis for some rough approximations 2. Maths has a long half-life and a DCF correctly done accounts for inflation.
I have this one-hour presentation I do on money. That led to the next three or four years of learning how to sell, how to create value, and not worry about selling out, but do it in a very ethical way. It’s much deeper than math. And they were like… RITHOLTZ: Wait, this is in college you would do this? No kidding.
And we literally talk about during the show, I got a tag to present to the SEC, about their new single stock product. I was the one reviewing marketing copy and doing presentations to groups of institutions about how to use the darn things. I read all those academic papers, I understand where the math comes from. NADIG: Right.
I’d been ranked i i back in the seventies, if you can do the math. 00:40:58 [Speaker Changed] So the only thing that I disagree with him on is he presents the case that the economy is doing this now, therefore it means that monetary policy is either tight or loose. So at that point, I had a pretty big career. I mean, yeah.
Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And there was people, Physics didn’t have, people, psychology didn’t have math, economics was kind of the right mix. The math doesn’t math. That was too abstract. Yeah, I’m gonna vote.
The archive has complete audio/video and transcripts as well as highlights of past meetings from 1994 through the present. Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. The format of the meeting is question and answer.
The archive has complete audio/video and transcripts as well as highlights of past meetings from 1994 through the present. Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. The format of the meeting is question and answer.
And so this is one of the few places, really, in the world that unites my pre-Hodinkee and present-day world. 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? But there were a lot of other purveyors of watches that really were not super, super ethical folks.
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