Remove 2001 Remove Clients 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: Julian Salisbury, GS

The Big Picture

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. And then I was the beneficiary of the TMT bubble bursting in 2001. Three main client segments.

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
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Transcript: Matt Eagan

The Big Picture

If you are at all interested in fixed income, how you assess bonds, how you evaluate the economy, the market, what the fed’s gonna do, what clients want, how to assess risk in credit markets, well then you are gonna really enjoy this conversation. And, you know, we can expand that risk depending on the client. Matt Eagan.

Portfolio 144
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Transcript: Jeffrey Sherman, DoubleLine

The Big Picture

He really is one of the most knowledgeable people in this space, and not just knowledgeable in the abstract, but helping to oversee just about a hundred billion dollars in client assets. Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics.

Math 144
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Managing Expectations

Random Roger's Retirement Planning

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. It probably should be safer and it really is bad luck that managed futures has done so poorly but in terms of preventing problems, I'm glad to not have to explain this to clients.

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Transcript: Peter Goodman

The Big Picture

And China, even before China enters the World Trade Organization in 2001, but especially afterwards, I is the, you know, perfect place to make products at scale, increasing sophistication, low cost. I do the math. Pay your clients a little. To subsidize your employees. I don’t care if the burgers 30 cents more.