Random Roger's Retirement Planning
JULY 8, 2023
That is difficult to pull off but if you do the math on that it shows long term outperformance. That is not guessing what markets will do, that is just managing asset allocation and cash needs. Remember, the peak in the S&P 500 in October, 2007 was 1565. Then it more than cut in half but is now at 4400.
Darrow Wealth Management
MAY 22, 2023
The federal funds rate hasn’t been this high since 2007 when it peaked at 5.25%. Again just using simple math, this presumes the par value will roll over each month and reinvest at the same rate to get to the annual yield. This has been the faster pace of rate hikes since the 1980-1981 cycle. 467% a month.
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The Big Picture
FEBRUARY 6, 2024
I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. And actually Ben Inker is the head of our asset allocation group. We, we call asset allocation at GMO. Finance was the natural fit for GMO.
The Big Picture
MAY 9, 2023
So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. So you’re Chief Investment officer of Asset and Wealth Management. Is that more or less right?
The Big Picture
SEPTEMBER 12, 2022
I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, 2007, I came over to Citi. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah.
The Big Picture
JUNE 20, 2023
In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. Or should this be kept out of private asset allocators’ hands? I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9.
The Big Picture
MARCH 12, 2024
They’re asset allocation model driven folks. Over time, the home ownership rate’s grown to sort of mid sixties and bobble around it got really, really high when we were giving away mortgages in 2007. And I was always good at math and, and I had been writing code since I was in the sixth grade.
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