The Better Letter

MAY 30, 2024

The late David Foster Wallace spoke eloquently, movingly even, about this egocentric delusion in a fantastic commencement address he delivered at Kenyon College in 2005 in a way that just might help to loosen the hold of this delusion on those of us able to hear what he had to say. Why are people so down about the economy? The wildest.

Education 87

Education Numbers Medicine Ethics 87

The Big Picture

DECEMBER 14, 2022

MCCARTHY: I’d back up actually a little bit further in thinking about how did I get there, because I don’t think it was very obvious actually that I would come out of Yale with an ethics, politics and economics degree — RITHOLTZ: Perfect really, right? MCCARTHY: — and end up in M&A on Wall Street. RITHOLTZ: Right.

Assets 154

Assets Investing Investments Portfolio 154

The Big Picture

AUGUST 29, 2022

I mean, I could count them on one hand the number of people who have his depth of knowledge in this space. That’s how good the economy was. I — I couldn’t believe the numbers. So it’s unusual though to have that much work ethic, that much drive and say, yeah, I want all the investors to have the money. Not really.

Assets 164

Assets Management Marketing Marketing 164

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. So, that’s great.

Investing 130

Investing Investments Valuation Portfolio 130

Brown Advisory

MAY 16, 2016

Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. Buffett and Munger celebrate good business and investment practices, the potential for human achievement, high ethics and decency to one’s fellow man. Ruane passed away in 2005.

Insurance 52

Insurance Investing Investments Banking 52

The Big Picture

NOVEMBER 15, 2022

I have lots of different ways I can get that number to go up. 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. It’s still a fairly small number. You can make smaller bets that are lower Kelly number. RITHOLTZ: Way back when?

Management 270

Management Assets Portfolio Investing 270