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Why Gen 2 Advisors Are a Flight Risk

Wealth Management

The first came in 2018, when he moved from Chicago to Colorado and worked at a husband-and-wife-run advisory that didn’t present a path to equity, partly because of the potential for control of the firm passing to the founders’ children. Brown did the math and decided he needed about 20 clients to break even.

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2024 Forecasting Follies

The Better Letter

From its January 22, 2018 inception through November 1, 2024, the fund lost 2.8 For example, Michael Moore, famous for being one of the few people who predicted Donald Trump’s election win in 2016, confidently declared that Mr. Trump would not win again in 2024 ( Do The Math: Trump Is Toast ). Happy Retirement, Paul!

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Transcript: Tom Barkin, Richmond Federal Reserve President & CEO

The Big Picture

He’s been a member of the Richmond Fed since 2018. And when I went there I was gonna be a lawyer and I was gonna major in mathematics and I took my freshman year math and that all went great. McKinsey is a mandatory retirement age. Undergrad, I was still gonna go to law school and I applied to law school and got in.

Economy 130
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What To Do When The Bitcoin Math Doesn't Math

Random Roger's Retirement Planning

I had a very lucky purchase in late 2018 and although I have rearranged how/where I own it, I haven't sold. First, is the math right based on my numbers? I'd be curious to hear if anyone else does the same search and finds a different number of lost coins. How much Bitcoin, if any, do you own. How can it solve anyone's problem?

Math 52
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Looking At The Smartest ETF In The Room

Random Roger's Retirement Planning

There's other math about outperformance but also the observation that momentum is prone to crashes. The momentum funds also did not provide early warning for the downturn in late 2018. One interesting nugget from the paper is that dramatically improving momentum only resulted in an increase to beta of 0.2%. Here's the last year.

Math 98
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Did Barron's Just Undercut Every Article It Has Ever Published?

Random Roger's Retirement Planning

In the case of real estate a 2.29% weighting and for "private equity" companies it's about 17 basis points (looked at XLF holdings and then did a little math), that's just not going to move the needle. You may agree with Jack about not needing those things, that's valid, my point is that owning an index fund isn't a proxy for them.

Math 75
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Bruce Dickinson Says "I Gotta Have More Trend!"

Random Roger's Retirement Planning

Turns out the math checks out using Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 equities/fixed income portfolio and the Guggenheim Managed Futures Strategy Fund (RYMFX). It did even less during the Christmas Crash of 2018 when VBAIX dropped 12.6% in that same 2018 event. percentage points. Giving up 1.5%

Math 40