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Transcript: Matt Levine

The Big Picture

I published what’s called a comment, so like a very short one about this great tax law case with this guy who like won the lottery and then wanted to get his lottery winnings treated as capital gains. So like a component of it was like the standard derivatives math, right? Matt Levine : 00:03:44 You know, I did. And he lost.

Retail 130
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Transcript: Graeme Forster, Orbis Investments

The Big Picture

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. You don’t have to pay any tax and just let the rest ride. It’s just math stick to it over long periods of time. You give out 5%.

Investing 130
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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

It was a wild ride because by the time you got, well, so in 2005, we went on a road show trying to tell people what we had learned, and there wasn’t a lot of reception. And in the 2000 at the 2005 conference, it’s kind of wild. Maybe the market hadn’t priced something properly. Sean Dobson : It was a wild ride.

Banking 143
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Transcript: Gretchen Morgenson

The Big Picture

And this was back in 2005 or 2006. Let’s talk about tax loopholes. How on earth is there still a carried interest tax loophole for private equity, hedge funds, and venture capital? Cut my taxes in half, where do I sign up for that? It’s corporate tax avoidance. RITHOLTZ: Really interesting.

Insurance 143
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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. If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that, your 00:44:48 [Speaker Changed] Corporate tax free. Listen to this, Barry.

Investing 246
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Transcript: Dave Nadig

The Big Picture

Hey, show me companies where the board has at least two women on it, or you could tilt towards value, or you could tilt towards small cap, or you can use it for tax loss harvesting or philanthropy. I read all those academic papers, I understand where the math comes from. It’s how math works. RITHOLTZ: Right. NADIG: Right.

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Transcript: Howard Lindzon

The Big Picture

RITHOLTZ: 2004, 2005. RITHOLTZ: 2005. So this is the math that I applied. So think about this, do the math. How do I go about protecting this giant pool of capital and how do I not get killed tax wise? LINDZON: Yes. So I was fascinated that a businessman could build businesses on the internet. RITHOLTZ: Right.

Media 281