The Better Letter

JANUARY 26, 2024

The DJIA closed 1999 at 11,497 and 2009 at 10,428. At the GFC bottom, March 9, 2009, the Dow traded at 6,547. In June 2017, Dent predicted a “ once in a lifetime ” crash in the stock market, the economy, and in real estate over the following three years. So, he missed it by a mile. A market crash might be imminent.

Assets 103

Assets Valuation Management Investing 103

The Big Picture

DECEMBER 6, 2022

Conviction, so we look at, you know, whether or not a specific theme is something that we have a high degree of conviction that will be a trend, that will definitely have an impact in the economy over the next two or three decades. I mean, I always say it depends on the economies or the scale of the business that you are considering.

Clients 154

Clients Investing Investments Management 154

The Big Picture

SEPTEMBER 26, 2023

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.

Banking 130

Banking Investing Investments Clients 130

The Big Picture

MARCH 12, 2024

And what we figured out in 2009, really when we started buying homes is that we made the bet that it, I mean, it wasn’t a very exotic bet, but we made the bet that the subprime mortgage market wasn’t coming back at all. And so, so starting in 2009, we, we, there was no flip market.

Banking 143

Banking Investing Investments Marketing 143

The Big Picture

APRIL 4, 2023

And we brought them a plan that, you know, I think, was very similar to what the banks were doing at the time, which was providing financing to private equity-owned companies, huge area of growth in the economy. middle market is the third largest economy in the world. So a very different dynamic than we saw back in 2007, 2008, 2009.

Banking 143

Banking Management Investing Investments 143

The Big Picture

DECEMBER 20, 2022

But it sounds like, man, if there’s ever a country that has immense upside, talk about asymmetrical risks, what would it take to make Venezuela really investable and for them to become a little more integrated into the global economy? And what might that mean for their economy and their debt issues? KOENIGSBERGER: Yeah.

Banking 154

Banking Assets Government Investing 154

The Big Picture

JULY 19, 2022

So, the Portfolio Solutions Group advises mainly institutional clients on all kinds of challenges that they have and thinking about the expected returns, portfolio construction, risk management, et cetera. And then in addition, we write lots of papers. I speak in many conferences. Bonds are the most expensive.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

AUGUST 23, 2022

BROWDER: I just gone the risk management committee. He lost 40 pounds and he eventually went to the prison doctor and they diagnosed him as having pancreatitis and gallstones and needing an operation which was scheduled for the 1st of August 2009. That was November 16, 2009. RITHOLTZ: Wow. This is unbelievable.

Government 315

Government Banking Numbers Investing 315

The Big Picture

NOVEMBER 28, 2023

. ’cause what they do is gonna trickle down to the rest of the, I don’t mean trickle down in the Reagan sense, but their behavior has a huge impact on the rest of the economy. So there are indicators to me, to all levels of the economy. Absolutely. Talk about that a little bit. 00:18:07 [Speaker Changed] Yeah.

Banking 253

Banking Media Economics Food 253