The Better Letter

MARCH 18, 2025

One bracket in 2017 was right through an incredible 39 games. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 That was about a one-in-five-million level of success. In 2014, one bracket was alive through 34 games. quintillion.

Numbers 75

Numbers Marketing Marketing Medicine 75

Brown Advisory

MAY 3, 2018

MUNICIPALS AND RISING RATES Simple math dictates that when yields rise, fixed-rate bond prices fall. These steps contributed greatly to our relative performance in 2017, particularly in the fourth quarter. Our relative emphasis on A and BBB exposure has benefited our returns on balance over time and helped us in 2017.

Portfolio 52

Portfolio Taxes Valuation Clients 52

Brown Advisory

MAY 3, 2018

Simple math dictates that when yields rise, fixed-rate bond prices fall. These steps contributed greatly to our relative performance in 2017, particularly in the fourth quarter. Our relative emphasis on A and BBB exposure has benefited our returns on balance over time and helped us in 2017. MUNICIPALS AND RISING RATES.

Portfolio 52

Portfolio Taxes Valuation Clients 52

The Better Letter

MARCH 14, 2024

One bracket in 2017 was right through an incredible 39 games. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 In 2014, one bracket was alive through 34 games. The difficulty lies in the upsets, of course. quintillion. trillion.

Numbers 84

Numbers Medicine Math Marketing 84

The Better Letter

MARCH 16, 2023

The maths are exactly the same. These sorts of math problems are the focus of this week’s TBL. Math Problems As this TBL goes live, just 16 games and one day of the NCAA Tournament are in the books, yet my bracket is a mess. One bracket in 2017 was right through an incredible 39 games. Thanks for reading.

Math 95

Math Numbers Medicine Marketing 95

Brown Advisory

AUGUST 1, 2018

In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% Insurance operations in total contributed $60 billion, or about 25% of Berkshire’s $242 billion revenue in 2017. These have compounded at an amazing pace that is almost twice the 9.7% equity market.

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

AUGUST 1, 2018

In the last 10 years (2008 through 2017), Berkshire’s shareholders’ equity per share and share price grew at 10.5% Insurance operations in total contributed $60 billion, or about 25% of Berkshire’s $242 billion revenue in 2017. These have compounded at an amazing pace that is almost twice the 9.7% equity market.

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

JANUARY 17, 2024

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. 12 At Intuit’s Investor Day in September last year, management highlighted the maths within their QuickBooks SME accounting software franchise, whereby any improvement in the success rates (i.e.

Investing 52

Investing Investments Portfolio Accounting 52

The Big Picture

AUGUST 15, 2023

You still had 2012 to 2017 to finish the bet. RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. It’s much more about security selection and a relatively static portfolio construction. RITHOLTZ: Right. How would you have done?

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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 204

Banking Government Insurance Taxes 204

The Big Picture

AUGUST 20, 2024

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. That’s actually research that was done by JP Morgan as of 2017. Now my observation was twofold.

Assets 173

Assets Management Portfolio Marketing 173

Brown Advisory

AUGUST 1, 2019

This option, available before the 2017 tax overhaul, was helpful if, for example, the market declined substantially after a conversion. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

This option, available before the 2017 tax overhaul, was helpful if, for example, the market declined substantially after a conversion. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

Sara Grillo

JUNE 12, 2023

Quick math: If you have $1.828 million in the bank. And , you have to do the math by hand. 2017, Nov 15). Now, quick math, if you have 128 million in the bank in your Christmas or Hannukah Club, and the bank is going to credit you 5% on your money 0:18:18.4 There is an admin charge of about $49k. The Impact of AG49.

Insurance 59

Insurance Clients Financial Advisor Math 59

The Better Letter

FEBRUARY 8, 2024

Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. The Bears had three fourth-round picks in 2017. If that isn’t your cup of tea, I understand.

Numbers 93

Numbers Education Management Math 93

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? 00:02:16 [Speaker Changed] Me too.

Numbers 147

Numbers Banking Investing Investments 147

The Big Picture

MAY 25, 2025

Wired ) We did the math on AIs energy footprint. billion in 2017). The Chinese governments information control will now have effects worldwide, and they will persist for a long time. Heres the story you havent heard. So Ill just start at the beginning and let the story unfold.(

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Math Government Taxes Sales 130

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. Think about what, how we were, we were geared in 2017, 2018, 1920. What was the career plan? 00:01:48 [Savita Subramanian] Yeah.

Numbers 147

Numbers Banking Management Marketing 147

The Irrelevant Investor

AUGUST 9, 2018

They cite a study that looked at share buybacks in the restaurant, retail, and food industries from 2015 to 2017. If you're curious to learn how the math behind this, read this piece from Econompic. The S&P 500 price index has gained 156% over the same time. The Atlantic asks Are Stock Buybacks Starving the Economy ?

Economics 52

Economics Investing Investments Distribution 52

The Big Picture

MARCH 21, 2023

And we go through long periods, a good example would be post GFC through 2017 where values tough. My mom was a math teacher so — RITHOLTZ: Okay. This latest 2017 which again was a bad period for value, but a very good period for us and our firm grew. He’s the genius in math. RITHOLTZ: Past decade.

Valuation 173

Valuation Investing Investments Numbers 173

The Big Picture

OCTOBER 10, 2023

Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math. So brilliant enough so that sure, he goes to math camp in the summer and find, kind of finds his tribe. But in math camp, he’s not the best. And the Undoing project.

Math 162

Math Numbers Marketing Marketing 162

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. We got it passed in Canada in 2017, in the U.K. And so, it wasn’t just a fishing boat, it was an oceangoing factory, very impressive. How many do you have in your fleet?

Government 321

Government Banking Numbers Investing 321

The Big Picture

MARCH 17, 2025

So you end up teaching at the University of Missouri, Kansas City for 18 years, from 1999 to 2017. Barry Ritholtz : So what brought you in 2017 to my alma mater, SUNY Stony Brook. Wasn’t the Excel spreadsheet error, which changed their math. And my trajectory changed to economics by accident. That’s right.

Economy 147

Economy Taxes Budgeting Government 147

The Big Picture

MAY 2, 2023

RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? CLYMER: This is an IWC that we did in 2017. He gave me his Omega Speedmaster, which is a really nice watch. When I was 16 years old, it was my only nice watch. CLYMER: Yes, around there, I would say.

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Retail Insurance Numbers Advertising 173

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. It’s just not smart on a math basis to do that. 01:02:36 All the math tells us we should not buy high dividend yield stocks.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

OCTOBER 3, 2023

Starting at the beginning of the administration in 2017. We dive deep into all sorts of things about running businesses, managing risk, and then when we began talking about his public sector service, we went deep into the Tax Cuts and Job Act of 2017. You’re doing a lot of math in your head on the Fly.

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Taxes Banking Clients Management 280