The Big Picture

OCTOBER 24, 2022

I think it was just a bit of poor planning more than anything else. So I applied and was hired as an ETF analyst in 2005. And so Morningstar coverage was really just getting started on ETFs, right in the 2005, period. NORTON: So 2005-2006 timeframe. And how do we think about them from a valuation perspective?

Portfolio 130

Portfolio Management Assets Investing 130

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. CASE: Well, when we decided to do a road trip, we planned this for more than six months in advance.

Startup 173

Startup Investing Investments Numbers 173

The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What are the, you know, I’d literally have it in my handheld.

Sales 130

Sales Numbers Taxes Marketing 130

The Big Picture

DECEMBER 14, 2022

By the way, when I’ve switched from M&A to real estate, I spent basically 18 months, in my mind, just converting yields into multiples because I learned — relearning the lingo of valuation. MCCARTHY: And he drove down there in 2006 or 2005 — yeah, 2005 or ‘06, and he — RITHOLTZ: And you went with him?

Assets 162

Assets Investing Investments Portfolio 162

The Irrelevant Investor

JANUARY 2, 2021

Cembalest notes, "In aggregate, Biden’s corporate tax plans would raise $2.2 In terms of its impact on profits, Biden’s plan could reduce S&P 500 EPS by ~10%, but that’s before incorporating any growth benefits from increased government spending (i.e., Intangible asset shares were 20% in 1975, 30% in 1985 and 80% by 2005.

Taxes 52

Taxes Assets Government Tax Planning 52

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 147

Banking Marketing Marketing Investing 147

The Big Picture

JANUARY 27, 2025

Was finance always the career plan. But really in 2005 I made that, that shift to, to, to Babson and, and really still doing what I was doing focused on, on, you know, fundamental fixed income analysis. What are your plans? Let’s talk a little bit about your background and, and what led you to this career?

Assets 147

Assets Insurance Investing Investments 147

Brown Advisory

MAY 16, 2016

Munger added that when circumstances changed, they had to go to “Plan B,” which gives them satisfactory rather than extraordinary results. Low rates also raise valuations for business acquisitions. So far as railroad valuations, the stock market was very enthused about railroad shares a year or so ago, so the stocks are down.

Insurance 52

Insurance Banking Investing Investments 52

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. And I’m like, dad, I found I need 25 grand to get going and my dad said send me a business plan. LINDZON: No, so obviously, I did the business plan, I’m kidding. RITHOLTZ: 2004, 2005. RITHOLTZ: 2005.

Media 290

Media Investing Investments Valuation 290

The Big Picture

NOVEMBER 25, 2024

Quantitative investing was, was that the plan from the beginning? This was the era, 2005, 2006, all of my friends were looking to get banking roles. 00:21:21 [Speaker Changed] So this story came out that, oh, value is defensive because it has this valuation buffer to it 00:21:28 [Speaker Changed] In that one example. It was not.

Portfolio 147

Portfolio Management Assets Marketing 147

The Big Picture

FEBRUARY 4, 2025

WA was the career plan, always economics and finance. And this was in 2005. It was not our plan. So we moved our family over here from Paris in 2005. And who by the way, also have a PhD in economics because they were the ones who got me into de bank starting in 2005. And it was a 2003 and we lived in Paris.

Economy 257

Economy Banking Economics Taxes 257

The Big Picture

FEBRUARY 7, 2023

You know, they hired this guy, Mike Carpenter, you know, from McKinsey to be the M&A guy and you know, just create a strategic planning department just to do deals. RITHOLTZ: So let’s talk a little bit about succession planning, and there were a couple of things that really stood out. They were really an M&A machine.

Engineering 259

Engineering Banking Numbers Management 259