The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. We forget that there weren’t personal computers on everybody’s desk back then. She was based out in Los Angeles.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

NOVEMBER 15, 2022

I mean, there were some advisor pickup, but you had to be kind of on the front edge of finance, or a quant, or running your own models, which in 2003, was not that common. I have lots of different ways I can get that number to go up. It’s still a fairly small number. It’s how math works. NADIG: A decent chunk.

Management 278

Management Assets Portfolio Marketing 278

The Better Letter

NOVEMBER 2, 2023

I couldn’t make that math work at all plausibly. Moreover, the true numbers are even worse than that because most bad funds have have closed or been absorbed. That said, over the past 20 years (2003-2022), the S&P 500 delivered a 9.80 It’s almost all powerful and good stuff, with one major error.

Certified Financial Planner 96

Certified Financial Planner Investing Investments Portfolio 96

The Big Picture

SEPTEMBER 10, 2024

So that’s, that’s number one. Well, I mean, so I, I find that, you know, this, and this goes back to, you know, 2003 with Regulation fd, that’s when everything kind of changed. Because the claims numbers were better. So that’s the math. So your probability of being correct Okay. Is low, right?

Valuation 162

Valuation Clients Investing Investments 162

The Better Letter

OCTOBER 6, 2022

Gather 10 people and show them a jar that contains equal numbers of $1, $5, $20, and $100 bills. My family and I were evacuated in 2003 due to the Cedar Fire. A new estimate for the total number of ants burrowing and buzzing on Earth comes to a whopping total of nearly 20 quadrillion. In other words, eliminate mistakes.

Math 68

Math Numbers Management Planning 68

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. And because my mother and grandmother were looking at these trying to figure out what was going on, I was curious about the sea of numbers. And 00:28:03 [Speaker Changed] That’s an amazing number. And the value line has all these statistical patterns. If it’s a cyclical low Yeah.

Management 264

Management Investing Investments Retail 264

The Big Picture

MARCH 12, 2024

So that little detour was in 2003. So think about 2003 home prices had gone up a lot from 2000. So mortgage position in 2000 were way more valuable in 2003 than they were when they originated because they weigh less credit risk. You’re actually crunching a lot of numbers. And this is proprietary data.

Banking 147

Banking Marketing Marketing Investing 147

Random Roger's Retirement Planning

MAY 10, 2025

That is inline with one way we've expressed inflation math before, that with average 3% price inflation, expenses would increase by 50% in 15 years. I suspect the real number is in the middle. A little over a year ago we upgraded to a newer 4Runner from our 2003 without borrowing so we now have the one new car and my old Tundra.

Medical 52

Medical Food Math Insurance 52

The Big Picture

JULY 15, 2024

I wasn’t really that interested, but I gutted through it and I started interviewing for the first internships, and I started, you know, I had a number of them. I started out math and, and physics, and in high school I was a rock star in math and physics. I had a number of other things as well.

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

AUGUST 23, 2022

And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. So, I did the math, 20 million times a hundred.

Government 321

Government Banking Numbers Investing 321

The Big Picture

MARCH 17, 2025

So number one on the New York Times list? 00:22:23 [Speaker Changed] Not number one, but it was in the top f whatever it made the list. Wasn’t the Excel spreadsheet error, which changed their math. Time, it, it seemed like a big number at the time, 787 billion. And he said, I wanna be the first to congratulate you.

Economy 147

Economy Taxes Budgeting Government 147

The Big Picture

NOVEMBER 19, 2024

Behavioral finance has a number of fathers, including Dick Thor and, and Danny Kahneman. Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And number theory was just too mind blowing, you know, for me. The math doesn’t math. That was too abstract.

Economics 162

Economics Math Numbers Marketing 162

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. As my friend Morgan Housel has explained , “Every forecast takes a number from today and multiplies it by a story about tomorrow.”

Economy 97

Economy Economics Math Banking 97