The Big Picture

AUGUST 15, 2023

So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. If you look at the types of assets that Yale invests in, you can create a benchmark for each pool.

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Clever Girl Finance

AUGUST 2, 2022

It’s possible to turn 10K into 100K, but assets need time to appreciate. Let’s look at one tried-and-true way of multiplying your assets: retirement accounts. Some quick math for the value of your $10,000 after a certain number of years: 10 years: $20,000. So keep that in mind: if it sounds too good to be true, it probably is.

Education 59

Education Retirement Investing Investments 59

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg.

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Mr. Money Mustache

MAY 20, 2022

Instead of investing in a productive asset, these speculators were just assuming the recent momentum would continue. 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.). 2) My net worth has just cratered by 20%.

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

JUNE 6, 2023

SETHI: Well, everybody thought they were a genius including me in 1999, 2000. I’ll tell you something funny and people you know, we never quite had that accusation, but for the better part of 15 years before I started accepting capital, it was, “Hey, everybody’s telling you how to manage your assets the wrong way.

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The Big Picture

JULY 1, 2025

She runs their private internal fund, about $108 billion that she manages primarily in fixed income, private credit, a variety of other assets. I took a lot of math classes. I couldn’t give up math in computer science. Here is the plan, here’s how you should go about in this deal or in, in this new asset class.

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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.

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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. Do the Math Let’s do the math. What better index than the Russell 3000, which includes the Russell 1000 big cap universe and the Russell 2000 small cap index.

Math 52

Math Marketing Marketing Economy 52

The Big Picture

NOVEMBER 15, 2022

You can go get some turnkey asset management program. We’re in the business of sitting in between asset owners, financial advisors, institutions, retail and asset managers, right, the BlackRock, State Street, PIMCO’s of the world, and helping them understand each other. That is a mug’s game, right?

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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.

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Banking Government Insurance Taxes 204

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. And suddenly you could buy index funds that cover all of the major asset classes. I did it in 2000, 2002. It’s, it’s a temporary move.

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The Big Picture

AUGUST 29, 2023

That period very much encompasses Vanguard going from an admittedly successful, but not enormous entity, till I think the 2000s, especially the financial crisis, changed how people thought about managed assets, indexing, advisory versus transactional, and Vanguard, along with BlackRock, have been two of the biggest beneficiaries of this.

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Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% In the 2000's, foreign outperformed and a large allocation to foreign was very important during that time. In past posts we've looked at labeling asset classes with more descriptive names as opposed to just the nouns that they are like stocks and bonds. in November.

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The Big Picture

MAY 30, 2023

BRYANT: So money, unlike math, money is highly emotional. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there. I believe I love math because it doesn’t have an opinion, that’s a Melody Hobson quote. RITHOLTZ: Right. RITHOLTZ: Right. RITHOLTZ: Yes.

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The Big Picture

SEPTEMBER 10, 2024

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. And then I developed this macro affinity starting in 2000, really? So that’s the math. So that, that’s the challenge. 2009, 10 in that role.

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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.

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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. KLINSKY: That was a super hot theme in the year 1999 and 2000. Do you do distressed asset, real estate?

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The Big Picture

DECEMBER 12, 2023

He’s crushed the Russell 2000, whatever benchmark you want to talk about. And I was a math nerd as a kid. You’re 34th, you’re retiring after 34 years and you trounce what’s really the more appropriate benchmark, I would assume the Russell 2000. And the assets under management were smaller.

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The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. You’ve been managing outside capital across a variety of asset classes and strategies. Because if you don’t include every single data point, then in the matrix math you have a divide by zero issue. This blows up to a $13 trillion asset class.

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The Big Picture

MARCH 12, 2024

And that’s, that’s the predecessor to Amherst, which we bought in 2000 and had been running it since then. So think about 2003 home prices had gone up a lot from 2000. So mortgage position in 2000 were way more valuable in 2003 than they were when they originated because they weigh less credit risk. Anything else?

Banking 147

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The Big Picture

APRIL 8, 2025

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. ’cause the asset management business of Sanford Bernstein, as everyone I think knows, was a deep value shop.

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Random Roger's Retirement Planning

APRIL 18, 2025

The math checks out and while the timing for these funds to launch was simply unlucky, I can't figure how these make managing a portfolio easier. Leveraging equity beta with more stock exposure was a mistake to learn from, leveraging into uncorrelated assets makes more sense, it should be safer. In 2022 it was only down 5.49%.

Management 52

Management Portfolio Math Retail 52

The Big Picture

JULY 13, 2024

It’s not because they’re not good enough at math. was founded in 1926, acquired by Natixis in 2000, and manages over $335 billion in client assets. Trump enjoys unwavering devotion — and collects the staggering price of admission. ( Now the strategy is starting to bear fruit. Loomis Sayles & Co.

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Math Numbers Economics Assets 189

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 started out math and, and physics, and in high school I was a rock star in math and physics. The same phrase was during the financial crisis when people talked about toxic assets.

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

MARCH 21, 2023

It’s about half our assets. ASNESS: About half our assets are really traditional, where money managers beat, you know, plenty of things, don’t let a short, or lever, or any of those hedge fund kind of things. My mom was a math teacher so — RITHOLTZ: Okay. RITHOLTZ: Okay. RITHOLTZ: Bill Sharpe. ASNESS: Same way.

Valuation 173

Valuation Investing Investments Numbers 173

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. Asset management group had made an argument and then the investment bank says, he works here, and then the emerging market people say, what about us, and it was going on and on.

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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

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The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. I mean the, when consumers pull back, right, because the, the government surpluses are like, they work like a Hoover, they’re just vacuuming up net financial assets. And despite the Fed’s zero ERP policy that wildly stimulated asset prices.

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The Big Picture

JUNE 16, 2025

Let me start managing assets. Yeah, you have to, you know, the conceit of finance is that basically the math is all there is to it. So you mentioned half math, half Shakespeare. Let’s talk about the math side. I wanna, I want to get into some of the details before we start talking about markets and investing.

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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? Cars are so much more expensive to maintain as a collectible asset, it’s remarkable. He gave me his Omega Speedmaster, which is a really nice watch. When I was 16 years old, it was my only nice watch.

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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. And like you mentioned, the smooth sailing in the 2000 tens 00:15:07 [Speaker Changed] Didn’t feel that way at the time.

Economy 147

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The Big Picture

MAY 16, 2023

In 2000, I mean, sorry, in 1980, I was 15 years old, I’m sneaking into comedy clubs watching, you know, Jim Carrey and Dave Thomas and, you know, like everybody could show up on a night. I mean, a lot of the best trades that Cramer did as a hedge fund manager, you know, tapping out before everything went to hell in 2000.

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The Big Picture

NOVEMBER 19, 2024

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.

Economics 162

Economics Math Numbers Marketing 162

The Big Picture

OCTOBER 31, 2022

So this is after March of 2000, his famous op-ed “Big-Cap Tech Stocks are a Sucker’s Bet.”. In every recession, except one and that was the tech bust of 2000, the drawdown of REITs was greater than the S&P 500. Then 25 years after that, in 2000, well, we all know dot-com burst and then bust. You have to apply.

Numbers 147

Numbers Investing Investments Marketing 147

The Better Letter

JANUARY 11, 2024

That’s why the markets are much more of a mind game than a math game. And that’s why markets will always be exceedingly hard, even when the math seems easy or the future seems certain. On average, the median Wall Street forecast from 2000 through 2023 missed its target by an astonishing 13.8 Stop with the math.`

Economy 97

Economy Economics Math Banking 97

The Big Picture

NOVEMBER 12, 2024

Which on the books, if all you’re thinking about is you’re in a cubicle and you’re analyzing numbers for some publicly traded company, you slash inventory, you’ve lowered, or I’m sorry, you’ve increased return on asset because inventory is asset, right? So asset is now smaller. I do the math.

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