The Big Picture

JULY 19, 2022

The transcript from this week’s, MiB: Antti Ilmanen, Co-Head, Portfolio Solutions, AQR , is below. BARRY RITHOLTZ; HOST; MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Antti Ilmanen is AQR’s Co-head of the Portfolio Solutions Group. CO-HEAD, AQR’S PORTFOLIO SOLUTIONS GROUP: Thanks, Barry.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. BARATTA: Yeah. In the long run. You saw it in the financial services sector.

Assets 159

Assets Investing Investments Valuation 159

Validea

MAY 5, 2023

And much like the investors and analysts who didn’t heed his warnings in 2008 or in the years since regarding the Dodd-Frank Act of 2010 and loose monetary policy, he doesn’t expect many to listen to him now. He also pointed to gold, which many have added to their portfolios as a stable asset. But for long-term prosperity in the U.S.

Economics 52

Economics Government Economy Banking 52

Aleph

APRIL 4, 2022

Though not “working” she was making more off the family portfolio than my Dad was earning off his business. As I said there: This brings me to my conclusion: stock splits are a momentum effect, but it is larger when companies are still have a cheap valuation. I had a CTA in my portfolio. My Mom later paid me back for that.)

Valuation 52

Valuation Portfolio Commission Investing 52

Brown Advisory

APRIL 1, 2015

In Engines That Move Markets, a 2002 book about the cycles of technology investing, Alasdair Nairn defines “bubbles” as periods when investors appear to suspend rational valuation, much as they had during the dotcom craze shortly before the book was published. Unsurprisingly, as volume has increased, so have valuations. Possible Signs.

Investing 52

Investing Investments Valuation Assets 52

The Irrelevant Investor

MAY 6, 2017

Where we differ, is that he allocates his "side" portfolio to one asset - Facebook. While I would never consider being so concentrated with my own portfolio, I do often think about a strategy adjustment to significantly overweight Facebook, Apple, Google, Amazon, Netflix. His counter-argument is quite consistent - he's beating me.

Portfolio 52

Portfolio Assets Valuation Investing 52

Carson Wealth

JANUARY 22, 2024

While our view on the economy leads us to favor stocks over bonds in 2024, we believe bonds are poised to return to their traditional roles as portfolio stabilizers and sources of diversification. The average yield from 2010-2021 was just 2.34%. That question is just as relevant for 2024, and we believe the answer is yes. 16 was 4.65%.

Marketing 97

Marketing Marketing Economy Portfolio 97

ClearMoney

DECEMBER 5, 2021

Given bitcoin’s dramatic price changes, it is not surprising that many are speculating about its possible role in a portfolio. Adding it to a portfolio could mean paring back the allocation to investments such as stocks, property, or fixed income. Assessing the merits of bitcoin as an investment can be problematic.

Commission 52

Commission Retail Sales Distribution 52

The Big Picture

DECEMBER 6, 2022

And my answer was, “Hey, not everybody wants to buy a passive index around the satellite of a core portfolio or even just, hey, I have an idea, I think this is going to change the world.” BERRUGA: So many of our clients were struggling to find alternative sources of income for their portfolios. Is that who the Global X investor is?

Clients 159

Clients Investing Investments Management 159

Trade Brains

APRIL 22, 2024

Due to the vast diversification of Thermax, and its ventures in the solar & green energy space the Company has been commanding sky high valuations of 113x price-to-earnings. JNK predominantly is just a manufacturer of process-fired heaters, reformers, and cracking furnaces. Compared to peers, JNK with basic earnings of Rs.

Manufacturing 59

Manufacturing Transportation Commission Sales 59

Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. Reference Market/Index % Change No.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. Reference Market/Index. S&P 500 Index.

Management 52

Management Marketing Marketing Clients 52

The Big Picture

FEBRUARY 12, 2024

And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. I’m the portfolio manager and I’m actually the only portfolio manager. What is it that we think is likely to be misunderstood about something? Why aren’t you?

Management 292

Management Investing Investments Economy 292

Trade Brains

SEPTEMBER 21, 2023

Best Blue Chip Stocks under Rs 500 : Investing in the stock market can be risky, and requires a careful selection of stocks to build a diversified and stable portfolio. It is also a leading FMCG Marketer with a vibrant portfolio of 25+ Indian brands. The Company was awarded the Maharatna status in 2010. comes from FMCG-Others.

Budgeting 59

Budgeting Electronics Healthcare Consulting 59

Brown Advisory

AUGUST 6, 2019

Ever since Taylor joined our firm in 2010, I’ve been deeply impressed with his understanding of the markets and his intellectual curiosity with respect to all types of investments. Technology has also enabled analysts, portfolio managers and traders to improve their productivity. A cool change indeed. GDP than it was 100 years ago.

Investing 52

Investing Investments Clients Portfolio Management 52

Brown Advisory

AUGUST 6, 2019

Ever since Taylor joined our firm in 2010, I’ve been deeply impressed with his understanding of the markets and his intellectual curiosity with respect to all types of investments. Technology has also enabled analysts, portfolio managers and traders to improve their productivity. A cool change indeed. GDP than it was 100 years ago.

Investing 52

Investing Investments Clients Portfolio Management 52

Brown Advisory

MARCH 13, 2018

Our research contacts with a large number of companies in client portfolios tend to confirm that demand growth remains very much intact. which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% Spending has been supported recently by a reduction in the personal savings rate in the U.S.,

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

Our research contacts with a large number of companies in client portfolios tend to confirm that demand growth remains very much intact. which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% Spending has been supported recently by a reduction in the personal savings rate in the U.S.,

Investing 52

Investing Investments Economy Assets 52

The Big Picture

AUGUST 15, 2023

SEIDES: But market returns across — RITHOLTZ: The past decade, 2010 to 2020, we were what? That’s a really easy portfolio to create. It allows you to understand, generally speaking, what is a reasonable beta for that whole portfolio. RITHOLTZ: Oh no, it’s much worse. SEIDES: It’s lower. It’s lower.

Management 130

Management Investing Investments Government 130

The Big Picture

JULY 1, 2025

Velina Peneva : I think that the, the clients understand that when you’re thinking about portfolio construction, you can have only so much allocation to a given geography redundancy to a different industry sector. And we need to have a portfolio that can cover liability. And if you look at our portfolio, we are 85% fixed income.

Investing 146

Investing Investments Consulting Insurance 146

The Big Picture

SEPTEMBER 19, 2022

So along those lines, there are some venture firms that don’t really seem to care a lot about valuations and others seem to focus on a little bit. Is valuation significant, or is it, hey, we’re going to make 100 investments and if two or three workout, the valuations are irrelevant? How do you fall in that spectrum?

Valuation 302

Valuation Investing Investments Food 302

The Big Picture

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. Initially I joined to help them manage their equity portfolio. It was the exact same trade.

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Assets Management Portfolio Taxes 170

The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. Let me give you some background on Morningstar Managed Portfolios. I saw how personal money is.

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

JULY 24, 2023

MIAN: So Stray Reflections is a macro advisory and community that works with portfolio managers, CIOs around the world. The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. MIAN: Valuations are ebb and flow. Tell us a little bit about your research.

Marketing 130

Marketing Marketing Economy Valuation 130

The Better Letter

MARCH 23, 2023

In March of 2010, Jordan paid $275 million for his interest. The idea comes from the success of index investing, whereby investors eschew active management of their portfolios (searching for big winners) in order to own an entire index of stocks, providing a mechanism for (mostly) not losing big. That offers enough. Now and forever.

Management 112

Management Investments Investing Valuation 112

Brown Advisory

AUGUST 1, 2019

Background Since January 1, 2010, all individuals, regardless of income levels, have been able to convert existing retirement accounts such as traditional IRAs into Roth IRAs. In such a case, one could reverse the taxes that one had paid based on a much higher account valuation, and re-establish the account as a traditional IRA once again.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

Since January 1, 2010, all individuals, regardless of income levels, have been able to convert existing retirement accounts such as traditional IRAs into Roth IRAs. In such a case, one could reverse the taxes that one had paid based on a much higher account valuation, and re-establish the account as a traditional IRA once again.

Planning 52

Planning Distribution Taxes Accounting 52

Trade Brains

JULY 4, 2023

Best Discount Brokers in India 2023 (Updated): With the rise of Zerodha, the first discount broker which was founded in 2010, the Indian broking industry saw a massive disruption. The startup also became a unicorn in 2021 with a valuation of over $3 Billion. Upstox started as RKSV in 2012 and rebranded to Upstox in 2015.

Accounting 98

Accounting Planning Clients Investing 98

The Big Picture

DECEMBER 14, 2022

Kathleen has been with Blackstone since 2010. RITHOLTZ: So I’m glad you mentioned that because before we get to 2010 when you moved to Blackstone, let’s talk about a tough environment. 2008 through 2010 was a particularly tough and very formative experience. That’s really an astonishing return. RITHOLTZ: Right.

Assets 159

Assets Investing Investments Portfolio 159

The Better Letter

JANUARY 26, 2024

In The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010 , published in January 2006, Dent doubled down on his earlier predictions for the 2000s and called for big gains through the rest of the decade. High on that success, as of September 2010, Hussman managed $6.7 2020 : “[E]xtreme valuations.

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Assets Valuation Marketing Marketing 105

The Big Picture

MARCH 26, 2024

And I was a portfolio manager, so I was doing bottom up research and picking stocks. But also the spidey sense, to your point around the, the innovation of the time of portfolio insurance and, and felt that that was sort of unwinding and wasn’t going to represent the insurance that a lot of people thought.

Marketing 146

Marketing Marketing Investing Investments 146

Brown Advisory

MAY 16, 2016

Buffett and Munger are significant influences on the investment approach used in managing Flexible Equity Strategy portfolios. Berkshire holds a $130 billion equity portfolio, with large holdings in Wells Fargo (Berkshire owns 9.8% Low rates also raise valuations for business acquisitions. Berkshire Hathaway. in the bush.

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Insurance Banking Investing Investments 52

The Big Picture

JUNE 3, 2024

At TCW Barry Ritholtz : You were at the Trust company of the West, you’re a senior vice president, you’re a portfolio manager, you’re a quantitative analyst. So we, full disclosure, we used to own the way back in 09, 10, 11, 12, or so the double line mortgage backed portfolio. Signs him, right?] Yeah, yeah.

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Math Marketing Marketing Engineering 146