The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. And so, that didn’t happen until 2002. I mean, you know, this is probably 2002. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector.

Assets 157

Assets Investments Investing Valuation 157

The Big Picture

DECEMBER 19, 2023

It’s always interesting to speak to a fund manager in the midst of one of the craziest macro periods of the markets that we’ve seen and God knows how long, who doesn’t factor in macro events or the overall market because they’re market neutral and hedged. What do you do in terms of risk management?

Healthcare 157

Healthcare Portfolio Investments Investing 157

The Big Picture

AUGUST 15, 2023

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. What’s the valuation? Oh my goodness. RITHOLTZ: Right.

Management 130

Management Investments Investing Government 130

The Big Picture

NOVEMBER 4, 2024

But I think the reality is right now, we just have an overhang from, I certainly in my world, I can speak to healthcare and FinTech, a number of companies going public and then disappointing or valuation just being excessive compared to the maturity of the businesses. And so we came in 2002 before anybody knew what FinTech was.

Healthcare 130

Healthcare Medical Numbers Investments 130