2000 Commission Math 
The Big Picture
SEPTEMBER 7, 2022
So 2000 could have been 1900, and that could have caused challenges. SPACs had been around for probably 15 to 20 years and that’s what — RITHOLTZ: Yeah, since the early 2000, people forget that. I remember going to the Subway Series between them and the Yankees in the World Series in 2000, I think that was.
The Better Letter
DECEMBER 15, 2022
The Russell 2000 is off 21 percent. If you had invested $10,000 in Amazon at its IPO price ($18) in 1997, you would have purchased 555 shares, not counting commission expenses or fractional shares. This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw. The saddest.
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The Big Picture
SEPTEMBER 3, 2024
00:29:29 [Speaker Changed] Yeah, I think you can see this particularly in smaller cap companies right now where, you know, as you alluded to earlier, the Russell 2000 versus the Russell 1000 has basically underperformed by 95% from the end of 2016 until now. 00:29:45 [Speaker Changed] That’s amazing.
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.
The Big Picture
JANUARY 24, 2023
So you sell a lot of houses and you get commission on what you sell. KLINSKY: That was a super hot theme in the year 1999 and 2000. RITHOLTZ: So it’s different math then I need 100x winner versus 99? I mean, even when I was at Goldman Sachs doing private equity work, it’s more equivalent to a merger work.
The Big Picture
MAY 6, 2025
Sander Gerber : Well, actually I was good at math. Wall Street tries to make things more complicated because it has to justify the, the sales commission and if, but things really are not so complicated. Because if you don’t include every single data point, then in the matrix math you have a divide by zero issue.
The Big Picture
MARCH 17, 2025
Wasn’t the Excel spreadsheet error, which changed their math. They were talking about, you know, what can we do with a commission to try to get the deficit down by $4 trillion at least, and all this sort of stuff. He said he wanted at least 2000, 4,000. And he said it ought to be 2000. He was really mad about that.
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