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. If you’re depending on income to fund your retirement, 5% rates are a blessing. 2000-2003 Dotcom implosion 6.
The Big Picture
NOVEMBER 22, 2022
My dad was a naval officer who retired shortly before I was born. What did your dad retire from doing? He retired and went to work at the Library of Congress as personnel. RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? Tell us about those experiences. So my dad is actually from Mississippi.
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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. SALISBURY: Sure.
The Better Letter
NOVEMBER 2, 2023
I couldn’t make that math work at all plausibly. That said, over the past 20 years (2003-2022), the S&P 500 delivered a 9.80 In Dave’s world, an 8 percent retirement withdrawal rate isn’t crazy. It’s almost all powerful and good stuff, with one major error. Did you catch it? Maybe he misspoke.
The Big Picture
DECEMBER 6, 2022
It has to be such a different set, the retirement planning is different, the safety net is different. People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. BERRUGA: This is 2003. RITHOLTZ: So you move here from Spain. RITHOLTZ: Yeah.
The Better Letter
OCTOBER 6, 2022
” After the Dodgers were retired in order in the bottom of the eighth inning, Gibson swung his aching legs down from the training table to hobble toward the clubhouse. My family and I were evacuated in 2003 due to the Cedar Fire. “How you doing, big boy?,” ” Lasorda asked. The answer was the same each time.
The Big Picture
JULY 4, 2023
RITHOLTZ: So you launch your own firm IDW in 2003. I’ll have to be when I retire and publish under Anonymous. We are seeing the older generation begin to retire, you have Ray Dalio stepping down at Bridgewater, you have a lot of managers who are now in their late 60s, early 70s or beyond. RITHOLTZ: People will figure out.
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