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

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.). If you retire just BEFORE a big stock market crash, your first few months or years will drain your portfolio a bit more than you expected, until stock prices recover.

Marketing 57

Marketing Marketing Retirement Investing 57

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 there was a problem with 168 of them at the end of 2008.

Assets 286

Assets Clients Investing Investments 286

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 Management 130

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 286

Clients Wealth Management Investing Investments 286

The Big Picture

AUGUST 15, 2023

That’s a really easy portfolio to create. It allows you to understand, generally speaking, what is a reasonable beta for that whole portfolio. By the time I got there in ’92, they had a great venture portfolio and almost nobody else even understood what venture capital was. This is the summer of 2007.

Management 130

Management Investing Investments Government 130

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

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. ADMATI: Yes.

Banking 195

Banking Government Insurance Taxes 195

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. MORGENSON: And so, he buys this portfolio of junk bonds. I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9. RITHOLTZ: Wow.

Insurance 141

Insurance Healthcare Retail Medicine 141

The Big Picture

MARCH 12, 2024

So that’s an active part of portfolio trimming and opt and optimization. The good news is no one event has a big impact on the portfolio. 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.

Banking 141

Banking Investing Investments Marketing 141

The Big Picture

NOVEMBER 21, 2023

And I said, Paul, I don’t know anything about managing a public portfolio, but the deal we made with each other. I had just gotten married in the fall of 2007. So we repositioned our portfolio at the end of 22, recognizing that there had been too many dollars that went into safety trades. So here’s the math, Barry.

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. The currency devalued by 75 percent and my portfolio, which was above $1 billion, went down 90 percent. And this had an unbelievably positive affect on the value of my portfolio.

Government 312

Government Banking Numbers Investing 312