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Transcript: Steve Laipply, Global Co-Head of Bond ETFs at BlackRock

The Big Picture

It’s sort of like math with dollar signs attached to it. 00:38:23 And by the way, what’s interesting, I actually looked at this, if you go back to, let’s call it 95 to 2005, average inflation was around two and a half, right? It was about, you know, I love math statistics, all that stuff. I really like it.

Portfolio 130
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Strong-Link Problems

The Better Letter

None of us wants to end up on the wrong side of maybe (or, as math geeks would have it, the wrong side of variance). Math works better than intuition because the universe has symmetry and patterns which allow us to explore, describe, understand, and exploit it. But if they are, we’re very bad at math. 19 Leviathan , i.

Math 76
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Transcript: Brad Gerstner

The Big Picture

We, we made in 2005, I believe. That 00:15:42 [Speaker Changed] Was first AI investment, 2005. So here’s the math, Barry. Fair Cast was an investment, a series B investment. In fact, we backed the head of artificial intelligence. Listen to this, Barry. We backed the head of artificial intelligence at that time. We back it.

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The Sweet Spot

Mr. Money Mustache

In the big picture, this usually leads to having a “successful” life, because of this basic math: Traditional Success. =. Since 2005 I made “being a Dad” my primary goal in life, quitting my career to do so. How much work you do. How much society happens to value your work. The Nitty Gritty of Traditional Success.

Medical 52
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Transcript: Matt Levine

The Big Picture

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? And I love that.

Banking 130
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Transcript: Antti Ilmanen

The Big Picture

Those types of excess savings were sort of the culprit for the conundrum in 2005 or whatever it was. And so, I write about it both — I do know, the simple maths about it how you can double shop ratios for uncorrelated strategies and then remind that it’s really difficult to find for uncorrelated strategies in long-only world.

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Transcript: Dave Nadig

The Big Picture

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. I read all those academic papers, I understand where the math comes from. It’s how math works. NADIG: — in 2005 is probably wrong. RITHOLTZ: Right.