Remove 2008 Remove Economy Remove Math Remove Taxes
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Transcript: Tom Hancock, GMO

The Big Picture

You wouldn’t be surprised to learn the tax consequences of owning a mutual fund is a part of it. 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. Really fascinating guy. So I was at Harvard.

Valuation 130
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10 Weekend Reads

The Big Picture

Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How New York and California Botched Marijuana Legalization : Steep taxes and heavy regulation are making it hard for licensed pot sellers to operate in some states, driving more producers and buyers to illegal outlets.

Math 273
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Transcript: Elizabeth Burton, Goldman Sachs Asset Management

The Big Picture

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. Two reasons. There was a good equity rebound.

Assets 144
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Transcript: Mike Green, Simplify Asset Management

The Big Picture

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. There’s a continual, the economy continues to grow. And I’m gonna own the whole market. It goes so far.

Assets 167
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Transcript: Luis Berruga, Global X ETFs

The Big Picture

You have the liquidity, the tax efficiency, the transparency. And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. BERRUGA: Exactly. RITHOLTZ: Oh, my goodness.

Clients 157
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10 Thursday AM Reads

The Big Picture

This summer’s economy is defying the odds. New York Times ) • Bond Yield Hits Highest Since 2008, Adding Pressure to Borrowing Costs : Bets that interest rates will fall have suppressed 10-year yields for most of 2023, but analysts warn that may be changing. My morning train WFH reads: • What recession?

Insurance 246
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The Scapegoat

The Irrelevant Investor

Sri Thiruvadanthai made the astute observation that "even if pensions had put all their money in stocks at the end of 2008, it wouldn't have made much difference to their funding status." The Atlantic asks Are Stock Buybacks Starving the Economy ? These sort of numbers will always grind higher as the economy grows over time.