Brown Advisory

SEPTEMBER 12, 2016

We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). They then construct their portfolios by using traditional measures for valuation and performance. Such strategies aim to match the risks and returns of the broad market and as such are unlikely to outpace the benchmark.

Food 52

Food Executive Compensation Portfolio Management Valuation 52

The Big Picture

DECEMBER 6, 2022

But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. And we’re having very good conversations with clients that I think, at current valuation levels, they remain, you know, very interested in the market and they see some opportunities.

Clients 157

Clients Investing Investments Management 157

The Big Picture

AUGUST 15, 2023

Let me say what your compliance wouldn’t allow you to say. So I think that argument is very valid in those couple of years, 2009, 2010 probably, maybe 2011, which was a tough year for hedge funds. What’s the valuation? And at the time, I was managing Protege Partners as a hedge fund of funds. RITHOLTZ: Right.

Management 130

Management Investing Investments Government 130

The Big Picture

JULY 26, 2022

I’ve had a coach since 2009. And so, coaching was an exercise — back then in 2009, it was not very well known and it was definitely an exercise in humility of saying, “I think I need some help.” And since we look at both private and public markets, what do you think of in terms of valuation? WEAVER: Yeah.

Numbers 293

Numbers Management Investing Investments 293

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. 2009, 10 in that role. Second part of our framework is valuation fundamental work.

Valuation 157

Valuation Clients Investing Investments 157

The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. And then he left in 2009. Doesn’t make a lot of sense.

Sales 130

Sales Numbers Taxes Marketing 130

The Big Picture

DECEMBER 14, 2022

You’re at Goldman Sachs, in the real estate division, in the middle of 2008, 2009, right through the worst of the financial crisis. RITHOLTZ: Are we going to get a red flag from a compliance, or is that an official statement we could use? So I have to ask, what the hell was that like? RITHOLTZ: 16 percent annually, net of fee?

Assets 157

Assets Investing Investments Portfolio 157

The Big Picture

MARCH 21, 2023

ASNESS: Well, I was striving for uncorrelated, but then the compliance officer in my head is saying sometimes it doesn’t come out to zero all the time. And it’s really not a compliance reason, I hope it’s more of an intellectual honesty reason. I just want to put in — RITHOLTZ: That’s correlated? ASNESS: Yes.

Valuation 167

Valuation Investing Numbers Investments 167

The Big Picture

JUNE 3, 2024

So you mentioned financial repression, you and the rest of the quants in your core group, including gun lock, decide to stand up your own firm in 2009. And you know, it’s the same thing when valuation gets outta control too. It will come home to roost at some point, but doesn’t mean the valuation can’t get worse.

Math 144

Math Marketing Marketing Engineering 144

The Big Picture

NOVEMBER 25, 2024

And so graduating right into 2009, right out of the financial crisis, I said, I don’t think I’m gonna get a job. You know, you run an RIA, the SEC just comes knocking every once in a while to say, Hey, just wanna make sure the compliance program’s all set up. And I just caught the bug.

Portfolio 144

Portfolio Management Assets Marketing 144