The Big Picture
AUGUST 29, 2023
My Two-for-Tuesday morning train WFH reads: • Stock Pickers Never Had a Chance Against Hard Math of the Market : In years like this one, when just a few big companies outperform, it’s hard to assemble a winning portfolio. 2000-2003 Dotcom implosion 6. Businessweek ) but see With cash earning 5%, why risk money on the stock market?
The Big Picture
NOVEMBER 22, 2022
Number one, and I think they both reflect strong leadership at the firms. Number one, you had, you know, somewhat of a groundswell from within the firm, certainly at leadership that said we need to figure out a way to do something. Key brands, number one, Coca-Cola Bottling is the company that really helped to jumpstart the city.
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Fortune Financial
MARCH 11, 2023
It is no coincidence, for example, that the two most recent periods of major tobacco underperformance in the last several decades have been driven largely by a huge compression in multiples, the result of serious litigation (1998 – 2003) and regulatory (2017 – present) challenges. who enjoy smoking and who will pay up for it.
The Big Picture
MAY 9, 2023
He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.
The Big Picture
DECEMBER 6, 2022
And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I was employee number 10. RITHOLTZ: Which is really a pretty big number.
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.
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.
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