The Big Picture

NOVEMBER 21, 2023

That’s less than one 100th of 1% of the annual budget. You could have waited to invest in Google in 2004 in their IPO, and you would’ve captured 90 plus percent of all the profits ever generated in internet search. So what we envision is, think of a four oh one K from birth. billion a year. All of those companies, right?

Investments 246

Investments Investing Startup Accounting 246

The Big Picture

MAY 30, 2023

One, it doesn’t have a budget allocation from Congress. They’re a budget, they’re a check writing organization. BRYANT: Because small business starts stalled in 2004. What they don’t want is an unfunded mandate. And as well-meaning as financial literacy is, it’s got two problems.

Banking 144

Banking Economics Economy Business Planning 144

The Better Letter

DECEMBER 7, 2023

Moneyball focused on the 2002 season of the Oakland Athletics, a team with one of the smallest budgets in baseball. It became a huge bestseller and accelerated the statistical disruption of the National Pastime. Sabermetrics was then pretty much the sole province of stats geeks, alleged to be living in their parents’ basements.

Consulting 98

Consulting Management Accounting Advertising 98

Calculated Risk

MAY 22, 2023

While the magnitudes of future federal unified budget surpluses are uncertain, they are highly likely to remain sizable for some time. [C]urrent This led to the first $1 trillion annual budget deficit in US history and dramatically increased the national debt. 2) The 2001 recession. 3) The 2001 and 2003 Bush Tax Cuts.

Budgeting 363

Budgeting Taxes Economy Economics 363

Calculated Risk

MAY 21, 2024

While the magnitudes of future federal unified budget surpluses are uncertain, they are highly likely to remain sizable for some time. [C]urrent This led to the first $1 trillion annual budget deficit in US history and dramatically increased the national debt. 2) The 2001 recession. 3) The 2001 and 2003 Bush Tax Cuts.

Taxes 321

Taxes Budgeting Economy Economics 321

The Big Picture

FEBRUARY 20, 2024

The 2010s fed rates were essentially zero the whole time, and yet we couldn’t get CPI to budget above 2% the whole decade following the financial crisis. 01:03:31 [Speaker Changed] It’s already in your budget. 01:03:32 [Speaker Changed] It’s already in your budget. Let’s start with last decade.

Banking 144

Banking Economy Marketing Marketing 144

The Big Picture

JANUARY 14, 2025

And that’s, that’s a, I think about the, the scarce resource is your risk budget and how do you wanna allocate that risk budget If you’re allocating a lot of your risk budget to just pure beta, that might work for the manager. They did not create the Dunning Kruger curve. And it’s mount stupid.

Management 144

Management Investments Investing Assets 144

The Better Letter

FEBRUARY 28, 2025

Friends was a television ratings juggernaut for ten seasons from 1994-2004. He and long-time friend Dustin Hoffman talk about budgeting when they were starting out and broke here (my mother used envelopes of cash she carried around in her purse). My wife and I were busy rearing our children during that time and missed it entirely.

Portfolio 65

Portfolio Asset Allocation Investments Investing 65