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. Does it make sense that current sentiment readings are worse than: 1.

Insurance 130

Insurance Math Economics Economy 130

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant. RITHOLTZ: They just became distressed.

Assets 286

Assets Clients Investing Investments 286

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. And I always use the exact same example, how will you invest in Google in 1998, or in Facebook in 2003?

Clients 152

Clients Investing Investments Management 152

The Big Picture

NOVEMBER 22, 2022

I look for people that have done extracurricular work, or you know, manage their own little portfolio, or have stock ideas or businesses ideas that they want to pitch. RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? But really, even that experience was about building great friends that I played football with.

Recruitment 141

Recruitment Engineering Investing Investments 141

The Better Letter

NOVEMBER 2, 2023

He spends way more time on how to save $1,000 than on what your investment portfolio should look like. I couldn’t make that math work at all plausibly. “And over the past 30 years, my little portfolio … has averaged 12, most years over 13 percent.” An investment portfolio is a luxurious afterthought.

Certified Financial Planner 93

Certified Financial Planner Investing Investments Portfolio 93

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. Stop with the math.` Beyond the present lies imagination. And lots of surprises. This is the best thing I read in the last week.

Economy 95

Economy Economics Math Banking 95

The Big Picture

JULY 4, 2023

RITHOLTZ: So you launch your own firm IDW in 2003. And they end up being great candidates for us to put into to run the next big portfolio or start a new strategy. So it is attractive to go somewhere where you will now be given the ability to manage a portfolio and make decisions, or at least be on a path to learn how to do that.

Management 141

Management Recruitment Numbers Banking 141