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. I did it in 2000, 2002. And one of the common conversations is, I have a client, he’s got millions of dollars invested. I did it in 2008 in oh nine.

Investments 144

Investments Investing Retirement Management 144

Brown Advisory

JUNE 16, 2022

We discount each year at our 10% minimum weighted average cost of capital (WACC) and some infinite series maths gives us the basis for some rough approximations 2. Maths has a long half-life and a DCF correctly done accounts for inflation. GAAP in 2002 7.

Investing 52

Investing Investments Accounting Valuation 52

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. A value investor can feel like I have to deal with all the clients who say, why are you losing me all this money because the stock has gone from 80 to 40, but I feel cheerier because it’s from $40 to a $90 value. Where clients are saying, why did you lose me all that money?

Management 261

Management Investments Investing Retail 261

The Big Picture

FEBRUARY 13, 2023

And then in ‘94 and ’98, you know, all had a different stream to 2002. Much of how BlackRock evolved is, you know, trying to be pressured about what is the next evolution of what clients are looking for. I mean, I said this to clients all the time, we could make the wrong decision on markets. RIEDER: A 100 percent.

Economy 144

Economy Numbers Portfolio Marketing 144

The Big Picture

MAY 21, 2024

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. And then, you know, from talking to clients, we get ideas around should you have a regime indicator? What was the career plan?

Numbers 144

Numbers Banking Management Marketing 144

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. 2 At Bank of America, rate strategist Meghan Swiber was telling clients to prepare for a plunge in U.S. Stop with the math.`

Economy 100

Economy Economics Math Banking 100

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. 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.

Management 52

Management Portfolio Math Retail 52