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10 Tuesday AM Reads

The Big Picture

My Two-for-Tuesday morning train WFH reads: • Stock Pickers Never Had a Chance Against Hard Math of the Market : In years like this one, when just a few big companies outperform, it’s hard to assemble a winning portfolio. 2007-09 Great Financial Crisis 7. Businessweek ) but see With cash earning 5%, why risk money on the stock market?

Insurance 130
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Bernstein on Bulletproof

Random Roger's Retirement Planning

That is difficult to pull off but if you do the math on that it shows long term outperformance. Remember, the peak in the S&P 500 in October, 2007 was 1565. He makes a good point about not relying solely on math to assess markets and portfolio construction, that the psychology of markets is important too.

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50% Risk-free Annual Returns

The Big Picture

emphasis added) The red flags were there for anyone who could put their greed aside and simply focus on the math. August 10, 2007) Source : An alleged $500 million Ponzi scheme preyed on Mormons. It was obvious to a small number of analysts in this space that this was not viable. It ended with FBI gunfire.

Math 62
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Throw It All Out And Start Over?

Random Roger's Retirement Planning

As a matter of math, it cannot repeat the run from 8.5% It's not that 60/40, or some other combination of numbers is bad or dead, more like how we build the 40 or other number maybe needs to be different. when the chart starts, down to 1.09% per Yahoo, after bottoming out in the neighborhood of 0.50%. in November.

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The Big But

The Better Letter

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. Passer Ratings decline with every round of the draft except the sixth, the numbers for which are skewed by Brady.

Numbers 90
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Transcript: Matt Levine

The Big Picture

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
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Finally, a Stock Market Crash!

Mr. Money Mustache

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.). It’d be like retiring at the bottom of 2009 with still-decent numbers. the current blowup) -20% so far What’s your guess?