2005 Economy Ethics Math 
The Big Picture
JULY 19, 2022
Following the financial crisis and the Fed cutting rates, economy and the market starts recovering in late 2009 and then 2010 and we kept hearing from a lot of different value corners, hey, everything is richly priced. Those types of excess savings were sort of the culprit for the conundrum in 2005 or whatever it was. RITHOLTZ: Right.
The Big Picture
NOVEMBER 15, 2022
NADIG: So the reason is because, you know, when we look at how the corporate economy works, there are investments that you have to make. So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor. It’s how math works.
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