The Big Picture

AUGUST 12, 2024

The US population today is 341,814,420; in 2009 it was 308,512,035. Economy in 2022 was $25,439.70B; in 2009, it was $14,478.06B; ignore that also? from 2009, and by 2024 you get (wait for it) $193.44T. Do we simply ignore the growth in the size of the economy and the U.S. population? Do we just ignore that?

Economy 347

Economy Taxes Investing Investments 347

The Big Picture

NOVEMBER 27, 2023

This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. The dotcom top, the double bottom in Oct 02-March 03; the highs in 2007, the lows 2009. Let’s add some color to the discussion on timing itself and add a little nuance.1

Marketing 300

Marketing Marketing Math Retirement Planning 300

Zajac Group

FEBRUARY 10, 2025

If you dig even deeper, you may also think about tax implications, including the alternative minimum tax and qualified holding periods. But the basics of equity compensation and tax aside, theres something else you might want to be mindful of something that is a bit more difficult to define or quantify.

Taxes 52

Taxes Risk Tolerance Portfolio Investing 52

The Big Picture

FEBRUARY 6, 2024

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

Valuation Assets Investing Investments 130

The Big Picture

JANUARY 9, 2024

I published what’s called a comment, so like a very short one about this great tax law case with this guy who like won the lottery and then wanted to get his lottery winnings treated as capital gains. So like a component of it was like the standard derivatives math, right? Matt Levine : 00:03:44 You know, I did. And he lost.

Banking 130

Banking Retail Math Management 130

The Big Picture

DECEMBER 6, 2022

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. Wait, markets go down? RITHOLTZ: Wow.

Clients 157

Clients Investing Investments Management 157

Good Financial Cents

APRIL 19, 2023

Betterment is great at reducing any taxes you have to pay on your investments, and they work with you to give you the best financial advice through their algorithms. Since Kickstarter’s launch in 2009, 18 million people have backed projects. Below is a rundown of a few of the leading robo-advisor platforms.

Accounting 106

Accounting Investing Investments Media 106

The Big Picture

AUGUST 15, 2023

So for a taxable investor, hedge funds generally aren’t tax efficient. And when you look at the assets that are invested, the three trillion in hedge funds, I would guess that north of 90% of that are in institutions that don’t pay taxes. It’s part of their own tax planning. RITHOLTZ: Right.

Management 130

Management Investing Investments Government 130

The Big Picture

JUNE 6, 2023

And I think that has been true since 2009 until now. SETHI: When I show people for example that if you take a mortgage, you might as well just add on 50 percent to that mortgage to account for taxes, interest, maintenance, opportunity costs they are shocked they can’t believe it. It’s much deeper than math.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

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.

Banking 201

Banking Government Insurance Taxes 201

Random Roger's Retirement Planning

JUNE 10, 2024

I am guessing they chose that timeframe to coincide with the March 2009 bottom. We've talked just a couple of times about the market becoming increasingly concentrated which just in terms of math means that a diversified strategy will lag for as long as the big names do well.

Retirement 98

Retirement Asset Allocation Math Marketing 98

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. You don’t have to pay any tax and just let the rest ride. It’s just math stick to it over long periods of time. You give out 5%.

Investments 130

Investments Investing Clients Numbers 130

The Big Picture

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? He had been a tax lawyer.

Numbers 144

Numbers Banking Investing Investments 144

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. And this is proprietary data.

Banking 144

Banking Marketing Marketing Investing 144

The Irrelevant Investor

AUGUST 9, 2018

Unfortunately for these people, the minimum wage has not increased since 2009, nor, to state the obvious, has it kept up with inflation. They'll cite the fact that companies are going to buy back $1 trillion in stock this year, due to the excess cash provided by the tax cuts. million people are “near-minimum-wage” workers.

Economics 52

Economics Distribution Investing Investments 52

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. And they said as a result of them earning zero, the $230 million of taxes that was paid in the previous year is paid in error and we’d like that money back. It is $2 billion on the ship.

Government 318

Government Banking Numbers Investing 318

The Big Picture

MARCH 21, 2023

My mom was a math teacher so — RITHOLTZ: Okay. Some famous periods of reversals in market, the most famous spring of 2009 when we came off the GFC. You can argue they’re — RITHOLTZ: A more tax efficient than that? ASNESS: More tax efficient dividend. He’s the genius in math. RITHOLTZ: Yeah.

Valuation 167

Valuation Investing Numbers Investments 167

The Big Picture

JULY 31, 2023

And I said, I’ll go get a master’s and things will be better in 2009, because these are one year programs. Burger King Tim Hortons, I remember very clearly because it was in the middle of those waves of kind of tax dodgy, those inversion deals. And that’s sort of the math. RITHOLTZ: Right. RITHOLTZ: Right.

Retail 130

Retail Government Economy Economics 130

The Big Picture

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 144

Math Marketing Marketing Engineering 144

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. 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 learn the math that can help you with, with market making operations. And I just caught the bug.

Portfolio 144

Portfolio Management Assets Marketing 144