Remove 2002 Remove Economics Remove Math Remove Valuation
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Finally, a Stock Market Crash!

Mr. Money Mustache

Which has in turn triggered the more skittish stock investors to run for the exits and completely change their view of our economic future, flooding the financial news with red ink and scary headlines. Now that we’ve covered the background, we can get into some better news: This is all a normal, healthy part of the economic cycle.

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Global Leaders Investment Letter: June 2022

Brown Advisory

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. Specifically, economics has a half-life of 9.4 By this valuation method, the portfolio cashflow duration is in the 16 to 17-years range.

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Transcript: Ted Seides

The Big Picture

To give you a fun story, we launched Protégé Partners in 2002. And in 2002, the bucket of the largest hedge funds was those north of $1 billion. SEIDES: Before 2002, there were no capacity issues with whoever you thought the best hedge funds were. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns.

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Transcript: Rick Rieder

The Big Picture

And then in ‘94 and ’98, you know, all had a different stream to 2002. Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper. RIEDER: And all of a sudden, you change the economic paradigm so darn fast. RIEDER: Yeah. RITHOLTZ: Right.

Economy 144
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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. And one of the worst performing factors has been valuation. And I think that’s wrong because valuation does matter.

Numbers 144
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Transcript: Joel Tillinghast, Fidelity

The Big Picture

And I was a math nerd as a kid. 00:44:11 [Speaker Changed] Kathy would may have her own valuation, so, but I can’t replicate it myself. 00:49:30 [Speaker Changed] I bought it around 2000 and it crashed around 2002. And the value line has all these statistical patterns. That’s the value that I am looking for.