The Big Picture

JANUARY 9, 2024

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.

Retail 130

Retail Banking Math Management 130

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. 00:21:26 [Speaker Changed] In isolation quality on average gives you downside protection, certainly did in 2007, eight for example. Learn math, learn history.

Valuation 130

Valuation Investing Investments Assets 130

The Better Letter

FEBRUARY 8, 2024

Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. If that isn’t your cup of tea, I understand. This TBL is about football, but I really love to nerd-out over baseball.

Numbers 89

Numbers Education Management Math 89

Mr. Money Mustache

MAY 20, 2022

It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). the current blowup) -20% so far What’s your guess? In today’s market, you are getting about 25% more shares for each dollar that you invest.

Marketing 57

Marketing Marketing Retirement Investing 57

The Big Picture

AUGUST 8, 2022

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 192

Banking Government Insurance Taxes 192

The Big Picture

AUGUST 15, 2023

SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007. RITHOLTZ: 2007. So back in 2007. So for a taxable investor, hedge funds generally aren’t tax efficient. SEIDES: Yeah.

Management 130

Management Investing Investments Government 130

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. You joined in 2007, what led you there? It gets further and further away the D P U go.

Investing 130

Investing Investments Clients Numbers 130

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. I didn’t know what any of these terms meant. And then you see some surprise events.

Assets 283

Assets Clients Investing Investments 283

Brown Advisory

NOVEMBER 13, 2023

Additionally, underbuilding in the years following the subprime mortgage and global financial crisis of 2007-2010 resulted in a systemic shortage of housing that has driven rapid appreciation in home prices and rental costs alike.

Investing 52

Investing Investments Portfolio Clients 52

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.

Clients 283

Clients Wealth Management Investing Investments 283

The Big Picture

NOVEMBER 8, 2023

Here is Pew in 2007: “It’s not just the case that polling in the nominating contests is perilous. Pew, February 14, 2007) Pollsters: ‘Impossible’ to say why 2020 polls were wrong.(Politico, Hence their surprise by the results yesterday.1 There is a rich history that tells us a year in an election cycle is a very long time.

Media 340

Media Management Math 340

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. I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9. MORGENSON: It can be collateralized loan obligations, now it’s big private debt.

Insurance 140

Insurance Healthcare Retail Medicine 140

The Big Picture

MARCH 12, 2024

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. Now in the US we tracked the home ownership rate. And then it came back down.

Banking 140

Banking Investing Investments Marketing 140

The Big Picture

NOVEMBER 21, 2023

I had just gotten married in the fall of 2007. So here’s the math, Barry. If you have seven $50 incremental year, then every 10 year old in America, when they enter into the fifth or sixth grade and the teacher says, Hey, today we’re gonna talk about math or compounding or stocks or capitalism, they’ll say, open up.

Investing 246

Investing Investments Startup Accounting 246

The Big Picture

AUGUST 23, 2022

So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. And so, in the 23rd of December 2007, two days before Christmas, they applied for $230 million fraudulent tax refund. How many do you have in your fleet? It is $2 billion on the ship.

Government 309

Government Banking Numbers Investing 309

The Big Picture

OCTOBER 4, 2022

A good example of that is like you take something from a cognitive reflection testy or something — like — I’ll make it real simple so we don’t have to like do the weird math on this. MCRANEY: Maybe like 2008, 2007, around there. RITHOLTZ: Right. RITHOLTZ: Okay.

Numbers 288

Numbers Medicine Food Math 288