Remove 2000 Remove Economy Remove Math
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10 Tuesday AM Reads

The Big Picture

My Two-for-Tuesday morning train WFH reads: • Stock Pickers Never Had a Chance Against Hard Math of the Market : In years like this one, when just a few big companies outperform, it’s hard to assemble a winning portfolio. economy is doing well, why do so many Americans say it’s terrible? 2000-2003 Dotcom implosion 6.

Insurance 130
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Wow, have you seen the stock market lately?

Mr. Money Mustache

For example, if the house brings in $2000 per month ($24,000 each year) and the sale price is $240,000, the next investor is buying a business with a price-to-earnings ratio of 10, because 240k/24k=10. Its just basic math. Does it mean our entire economy is expected to grow much more quickly? What if the Earnings are Rising?

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Transcript: Kristen Bitterly Michell

The Big Picture

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. BITTERLY MICHELL: … obviously, the United States, the global economy. RITHOLTZ: Whereas the — and the market when — essentially didn’t get above 2000 to like 2013 or so.

Clients 299
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Transcript: Brad Gerstner

The Big Picture

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. 1999, 2000, the internet was blowing up. The SNL crisis Tiger Chase had started, you know, in the wake of the internet melding down in 2000. You know, all of these things.

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Fight the Fed – A Raw 2024 Investment Reality Check

David Nelson

Do the math S&P 500 Top Performers Bloomberg Data 25% of the S&P 500 is up more than the index this year. Russell 2000 Top Performers Bloomberg Data Even in the maligned Russell 2000, which is not having a great year at the index level, has some big winners. 60% of the index is positive year to date.

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Transcript: Tom Hancock, GMO

The Big Picture

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. In 2000, right. But in extremis, which is the Microsoft and the Tonight 2000 example and maybe some other AI related stocks today, it really does matter.

Valuation 130
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Finally, a Stock Market Crash!

Mr. Money Mustache

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.