The Big Picture

SEPTEMBER 19, 2022

So along those lines, there are some venture firms that don’t really seem to care a lot about valuations and others seem to focus on a little bit. Is valuation significant, or is it, hey, we’re going to make 100 investments and if two or three workout, the valuations are irrelevant? How do you fall in that spectrum?

Valuation 305

Valuation Investments Investing Engineering 305

Advisor Perspectives

AUGUST 2, 2023

Although past performance is never a guarantee of future results, it remains the case that stock-market valuations tend to outstrip bonds most of the time. Still, arriving at the best investment strategy is about more than simply doing the math; it also requires an appreciation of history and tail risks.

Investments 40

Investments Investing Math Valuation 40

The Big Picture

MARCH 20, 2024

As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. Barry Ritholtz : So let’s break that into two halves, starting with valuation. Explain why P/E isn’t the best way to measure valuation. People did whatever was working based more on gut feelings than data.

Investments 162

Investments Investing Portfolio Valuation 162

The Irrelevant Investor

JANUARY 16, 2018

With the benefit of hindsight, and some valuation expansion, it appears it was buried alive. Here's the math: Assuming bonds give you 3% for the next decade, then stocks have to give you more than 16% a year to match the returns of the last nine years. We've heard about the death of the traditional 60/40 portfolio for a few years now.

Math 52

Math Portfolio Valuation 52

The Irrelevant Investor

NOVEMBER 20, 2021

A private company with a billion-dollar valuation used to be special. Source: Crunchbase *I didn't do the math, but it feels right **I also wouldn't be surprised if today's numbers look crazy, and we can't believe what happened during this bubble. Today there are 1,000 of 'em. Now it's ordinary. Sorry, did it for the hedge.

Math 52

Math Startup Numbers Valuation 52

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. You really like the long time where you have to hold to make up that valuation whole is so long that you just really shouldn’t be involved. In 2000, right.

Valuation 130

Valuation Investments Investing Assets 130

Cornerstone Financial Advisory

JANUARY 8, 2024

Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim.

Marketing 98

Marketing Marketing Taxes Economics 98

The Big Picture

SEPTEMBER 3, 2024

But there’s always gotta be some element of the valuation really being compelling. But even in the book I wrote in 2014, you could see that the focus on competitive advantage can never be absolute, you always have to take valuation into consideration. But maybe second to valuation as a primary consideration.

Investing 147

Investing Investments Management Valuation 147

Darrow Wealth Management

SEPTEMBER 7, 2023

Unfortunately, for those tax savings to materialize, the post-IPO stock price at sale must be considerably more than the pre-IPO valuation at exercise. Most companies go public at their highest historical valuation. Now, the main hurdle is coming up with $325k to buy the stock.

Wealth Management 82

Wealth Management Taxes Tax Planning Valuation 82

Mr. Money Mustache

FEBRUARY 25, 2025

Its just basic math. But it does mean that we should expect our future income from buying them at todays higher price-to-earnings ratio should be lower than if we could get them on sale. What if the Earnings are Rising?

Marketing 66

Marketing Marketing Sales Portfolio 66

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. Second part of our framework is valuation fundamental work. Well, that means valuations are probably too high.

Valuation 162

Valuation Clients Investing Investments 162

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. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.

Assets 173

Assets Management Portfolio Marketing 173

The Irrelevant Investor

MARCH 10, 2017

Needless to say, when stocks are going straight up, some funky things happen to valuations. The math on this one, wow. Money managers who pay attention to the traditional measures of valuation post horrible results and see customers flee. Each one likely felt like the end, but every time stocks just turned and kept going higher.

Valuation 52

Valuation Sales Math Transportation 52

Investing Caffeine

FEBRUARY 1, 2022

Math Matters. I did okay in school and was educated on many different topics, including the basic principle that math matters. Source: Calafia Beach Pundit. This notion rings especially true when it comes to finance and investing.

Math 52

Math Assets Investing Investments 52

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant. We’ve seen a couple of these events now.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

OCTOBER 17, 2023

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. It’s just math stick to it over long periods of time. Then the volatility and, and the valuation makes an enormous difference.

Investments 130

Investments Investing Clients Numbers 130

The Big Picture

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? 00:02:16 [Speaker Changed] Me too.

Numbers 147

Numbers Banking Investments Investing 147

Brown Advisory

MAY 3, 2018

MUNICIPALS AND RISING RATES Simple math dictates that when yields rise, fixed-rate bond prices fall. Whether rates are rising or falling, we manage risk using the same consistent process: We look for bonds with attractive valuation relative to our view of their potential cash flows.

Taxes 52

Taxes Portfolio Valuation Clients 52

Brown Advisory

MAY 3, 2018

Simple math dictates that when yields rise, fixed-rate bond prices fall. Whether rates are rising or falling, we manage risk using the same consistent process: We look for bonds with attractive valuation relative to our view of their potential cash flows. MUNICIPALS AND RISING RATES. Floating On Cloud Nine.

Taxes 52

Taxes Portfolio Valuation Clients 52

The Big Picture

AUGUST 29, 2023

DAVIS: Where international equities, because of valuations, probably 7% to 7.5%. RITHOLTZ: So let’s talk about that, because that gap in valuation has persisted for a long time. How durable is that shift, given how large that gap has gotten in valuation between US stocks and the rest of the developed world?

Portfolio 130

Portfolio Investing Investments Numbers 130

Brown Advisory

JUNE 16, 2022

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. By this valuation method, the portfolio cashflow duration is in the 16 to 17-years range. Maths has a long half-life and a DCF correctly done accounts for inflation.

Investments 52

Investments Investing Accounting Valuation 52

The Big Picture

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. They will earn that market return less, whatever they’re paying. I did it during the coronavirus collapse in 2020, and I did it again in 2022.

Investing 147

Investing Investments Management Retirement 147

Clever Girl Finance

AUGUST 10, 2022

First, figure out which age range or topic you want to teach (for example, math, flute, or biology). Get a professional valuation, so you never sell for less than the ring is worth, and take steps to ensure no one scams you during the sale. Deliver flyers for local businesses. Sell your car.

Advertising 82

Advertising Medical Media Math 82

Trade Brains

DECEMBER 16, 2022

They use several valuation metrics to know more about the company. And when used for ROE, as per the basic rule of math, if the denominator decreases, the fraction as whole increases i.e, These investors look at different metrics before investing in the stock market. One such important measure is Return on Equity (ROE). higher ROE.

Pharmaceutical 59

Pharmaceutical Manufacturing Engineering Distribution 59

Clever Girl Finance

SEPTEMBER 15, 2022

Kelley Blue Book , the foremost vehicle valuation site, provides a car condition quiz that you can take to determine where your vehicle falls. The good thing is that you don’t have to worry about the math. Good : No mechanical issues with minor, repairable cosmetic defects. Excellent : Practically like new.

Transportation 52

Transportation Budgeting Math Assets 52

Brown Advisory

JANUARY 17, 2024

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. Both types of error are due to a combination of either mis-assessing the business quality or its valuation (or both). nor on valuation and IRR in order to avoid type 1 errors of inclusion.

Investments 52

Investments Investing Portfolio Compliance 52

Brown Advisory

AUGUST 1, 2019

In such a case, one could reverse the taxes that one had paid based on a much higher account valuation, and re-establish the account as a traditional IRA once again. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

In such a case, one could reverse the taxes that one had paid based on a much higher account valuation, and re-establish the account as a traditional IRA once again. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

The Big Picture

JUNE 18, 2024

I got the sense that, so Churnin takes 51% for a fairly modest valuation, 10 or $15 million. That, that gives Barstool a half a billion dollar valuation. 00:40:26 [Speaker Changed] They, they know, they know math, they know math. And that was really the end of that. Three subsequent sales in 2020. That’s real money.

Media 147

Media Food Advertising Investments 147

Mr. Money Mustache

MAY 20, 2022

It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). In today’s market, you are getting about 25% more shares for each dollar that you invest. 3) Okay, but I really am retired and trying to live off my investments now.

Marketing 53

Marketing Marketing Retirement Investing 53

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 remember telling myself, why would anyone invest in mutual funds when you can buy an ETF instead?

Clients 162

Clients Investments Investing Management 162

The Big Picture

AUGUST 15, 2023

RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. If you’re giving up that 1% big fat yield in 2019, 2021, let’s say you give up three years of 1% and get zero, how does the math work over the subsequent couple of years?

Management 130

Management Investments Investing Government 130

The Big Picture

FEBRUARY 13, 2023

Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper. How are we doing in literacy versus math versus science? Think about the incredible growth of U.S. technology, that was something to ride for a while. Where are we?

Economy 147

Economy Numbers Marketing Marketing 147

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. 00:44:11 [Speaker Changed] Kathy would may have her own valuation, so, but I can’t replicate it myself. Why is there such a spread between US domestic and overseas companies in terms of you’re a value investor in terms of straight up valuation?

Management 264

Management Investing Investments Retail 264

The Big Picture

JULY 19, 2022

ILMANEN: It’s always good to think of starting yields and valuation sort of two sides of the same coin. But in conclusions, I did put there that it just seems that stars are aligning for some fast pain and it wasn’t just high valuations but there was a catalyst. Explain that. RITHOLTZ: Right. RITHOLTZ: Right.

Investing 130

Investing Investments Valuation Portfolio 130

Aleph

JANUARY 14, 2023

link] Abundant liquidity from the Fed emboldened growth investors to bid prices to unsustainable valuations. 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. In the End, the Answer Was in the Textbook.

Math 59

Math Assets Banking Government 59

The Big Picture

MARCH 21, 2023

But plenty of valuation measures, it has no applicability for price-to-sales. ASNESS: Well, first of all, I’m going to somewhat disappoint you saying we do not take very big bets on views like timing asset classes based on valuation. My mom was a math teacher so — RITHOLTZ: Okay. It can apply to earnings.

Valuation 173

Valuation Investments Investing Numbers 173