Remove 2001 Remove Assets Remove Math
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Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

Wasn’t the Excel spreadsheet error, which changed their math. You know, when Bill Clinton was president and you had the budget, federal budget in surplus for four years in a row, 98 through 2001, the government’s budget was in surplus. And of course, we had a recession in 2001, and then the surpluses disappeared.

Economy 144
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Transcript: Sander Gerber, CEO and CIO Hudson Bay Capital

The Big Picture

Sander Gerber : Well, actually I was good at math. You’ve been managing outside capital across a variety of asset classes and strategies. I don’t know what you were doing in 2001 two, but I’m imagining the same approach held true. It gives us a much better understanding of the asset that we’re looking at.

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Transcript: Brad Gerstner

The Big Picture

And we sold our stake in the business to Barry Diller in 2001. He said, I overpaid for the asset. So here’s the math, Barry. It’s hard to know which assets are going to have durable value. We would eventually, not only eventually, so that was 1999. I was still in business school helping them incubate it.

Investing 246
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Finally, a Stock Market Crash!

Mr. Money Mustache

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%.

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Transcript: Dominique Mielle

The Big Picture

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.

Assets 280
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Transcript: Julian Salisbury, GS

The Big Picture

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.

Assets 293
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Transcript: Savita Subramanian

The Big Picture

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks.

Numbers 144