The Big Picture

OCTOBER 17, 2023

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. It’s just math stick to it over long periods of time. Then the volatility and, and the valuation makes an enormous difference.

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The Big Picture

JULY 19, 2022

ILMANEN: It’s always good to think of starting yields and valuation sort of two sides of the same coin. But in conclusions, I did put there that it just seems that stars are aligning for some fast pain and it wasn’t just high valuations but there was a catalyst. Explain that. RITHOLTZ: Right.

Investing 130

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The Big Picture

MARCH 12, 2024

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

Banking Investing Investments Marketing 143

The Big Picture

NOVEMBER 21, 2023

We, we made in 2005, I believe. That 00:15:42 [Speaker Changed] Was first AI investment, 2005. It was about $170 million valuation. So here’s the math, Barry. 00:59:32 [Speaker Changed] So, so in late 21, 20 22, valuations had gotten a touch frothy in, in both the public and the private markets. We back it.

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The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. RITHOLTZ: 2004, 2005. RITHOLTZ: 2005. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation. Is it about the valuation? He was a pre-IPO investor in companies like Facebook and Twitter.

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The Big Picture

SEPTEMBER 26, 2022

But thankfully, the next decade, things really accelerated in terms of the growth of the company and growth in the valuation, things like that. Initially, it was started in 2005 and it was called Revolution, but it was just my capital. The math never seems to work out. So we have institutional investors across the platform now.

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The Big Picture

OCTOBER 31, 2022

When I look back at 2005, ’06, ’07, yeah, those growth stocks that collapsed from way too high, probably were too low. SCHWARTZ: But even broad developed markets, they’re half the valuation of the U.S. But in the postwar period, we’ve had the cycles. SIEGEL: Yes. SIEGEL: Right. RITHOLTZ: Right. SIEGEL: Yeah.

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Numbers Investing Investments Marketing 143