The Better Letter

MARCH 18, 2025

Both 2021 and 2022 each had 14 upsets; there were 10 upsets in 2023 and nine in 2024, if only three in 2007. Nigl’s bracket finally went bust on game 50 (the third game on the second weekend) when three seed Purdue defeated number two Tennessee, 99-94, in overtime. Between 1985 and 2024, there were 8.5 upsets per tournament (4.7

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Brown Advisory

JUNE 16, 2022

Global Leaders Investment Letter: June 2022 mhannan Thu, 06/16/2022 - 11:30 Just want the PDF? We remain highly dubious of price-to-earnings ratios as a proxy for value given earnings can be distorted by “creative” accounting and the measure embeds a range of factors into a single number. We inherently prefer actual cash flow.

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The Better Letter

DECEMBER 15, 2022

Those of us called upon professionally to write about market performance in 2022 as the year ends are necessarily struggling for the right verbiage. That’s because, in language as plain as I can make it, pretty much every market and sector has had a very bad 2022. Using very rough long-term return numbers (9.5%

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The Big Picture

SEPTEMBER 19, 2023

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. New York is number one. Two reasons.

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Steve Sanduski

AUGUST 4, 2022

Charles Schwab just released their 2022 RIA Benchmarking Study and I decided to crunch the numbers and see what the data shows. Crunch the Numbers. Now, let’s take two cuts at the growth performance of advisory firms in the 2022 RIA Benchmarking Study from Charles Schwab relative to what the markets did. AUM Growth.

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Math Portfolio Numbers Financial Market 52

Trade Brains

DECEMBER 16, 2022

And when used for ROE, as per the basic rule of math, if the denominator decreases, the fraction as whole increases i.e, On a yearly basis, from 2018 to 2022, the company has a return on equity of 36.56%, 45.3%, 70.39%, 105.76%, and 104.53% respectively. The ROE numbers from 2018 to 2022 are 57.17%, 49.79%, 42.74%, 71.64%, and 83.3%

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The Big Picture

SEPTEMBER 12, 2022

I wasn’t that typical person that did a number of, you know, internships during the summer, had that …. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. So heading into 2022, there surely were pockets of froth. I love statistics.

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Random Roger's Retirement Planning

JULY 14, 2022

Here's how QYLD has done for the last 5 years coming into 2022, so before the market was underway, versus the NASDAQ. And here is 2022, the bear market. Similar to PUTW, it didn't offer protection during the pandemic crash of 2020 but only dropping half of what the S&P 500 index has dropped in 2022 is impressive and surprises me.

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Your Richest Life

NOVEMBER 9, 2023

That number fell to 1.6 months in January of 2022, and has since bumped up to 3.3 You should also do the math to make sure you have a clear idea of what you can afford. Appliances, for example, have seen a price decrease of 10 percent since 2022. The rate of inflation currently at 3.7 months in August of 2023.

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Random Roger's Retirement Planning

DECEMBER 1, 2023

Part of the math that determines options premiums is the risk free rate of return from T-bills. If it can generate that sort of total return which is yet to be proven, and if, I say if, it delivers that sort of number with less volatility than the broad market then its attractiveness improves.

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Random Roger's Retirement Planning

SEPTEMBER 29, 2024

The authors noted that risk parity did very well for a long time but that "bond based risk-parity failed miserably in 2022." In fund form, it started doing badly long before 2022 which is corroborated by AQR's change to AQRIX in 2019. Both 2 and 3 were up in 2022 while the RPAR replication was down 11%.

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The Big Picture

NOVEMBER 21, 2023

00:17:50 You wanna know why Dara reported for Uber that again, their number of employees was down quarter of over quarter. It’s 10 blue links, but it’s an infinite number of blue links. So, 00:25:52 [Speaker Changed] You know, as you know, 2022 was a tech recession. Sales centers are, are more productive.

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Random Roger's Retirement Planning

DECEMBER 11, 2024

Imagine the Intel scenario of down 59% on top of VBAIX dropping 16% in 2022. Most of the improved return can be attributed to 2022. A 20% drop in managed futures that is leveraged to a 40% weight would have added another 800 basis points to the decline (simple math). In 2008, VBAIX was down 23%.

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The Big Picture

JANUARY 16, 2024

She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. If there was an error in a report or a number, I went ballistic.

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Good Financial Cents

SEPTEMBER 29, 2022

However, by doing a little math, you can easily determine your hourly wage from your annual salary. Calculate the number of hours you work in a year: 40 Hours per week X 52 weeks = 2080 Hours per year. Here’s a state-by-state list of after-tax salaries in 2022, based on a gross amount of $55,000. 55K a Year Is How Much an Hour?

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Validea

JUNE 14, 2023

The Math Behind the Growth Let’s take a step back and think about what it would take for a company like Apple to reach a $10 trillion market cap. trillion, and by the end of 2022, it had soared to $40.5 With a current market cap of $2.8 trillion as of today, this would require an approximate increase of 3.6

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Clever Girl Finance

OCTOBER 17, 2023

When it comes to your financial health, your income is one of the most important numbers in the equation. How might this number be affected in a freelance job? Let’s start by looking at the numbers in their simplest form. Now, let’s crunch some of the other numbers… $45k a year is how much… Total (gross) pay Hourly $21.63

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Random Roger's Retirement Planning

FEBRUARY 8, 2023

Here are some other numbers compared to the S&P 500 and VBAIX which is a proxy for a 60/40 portfolio. The way the math works, a 67% allocation to NTSX replicates 100% into a 60/40 portfolio which leaves 33% left over to do something. In 2022, VBAIX was down 16.87% while Portfolio 2 was only down 10.77%. Not exactly.

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The Big Picture

SEPTEMBER 3, 2024

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

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The Big Picture

DECEMBER 6, 2022

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. I was employee number 10. RITHOLTZ: Which is really a pretty big number. BERRUGA: Yeah.

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The Big Picture

JULY 19, 2022

Markets have pretty much done nothing but roll over and head south in 2022. And so, I write about it both — I do know, the simple maths about it how you can double shop ratios for uncorrelated strategies and then remind that it’s really difficult to find for uncorrelated strategies in long-only world. RITHOLTZ: Right.

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Gen Y Planning

AUGUST 1, 2022

A 2022 Houzz & Home survey uncovered that homeowners who plan on high-budget renos plan to spend $75,000 on their projects. Let’s bring in some numbers. That requires a little more math (or a HELOC calculator , whichever you prefer). If your number is too high, you may not be eligible to take on more debt.

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Zajac Group

AUGUST 11, 2022

If the math suggests buying additional shares is the best bet, it may seem like a no-brainer to do so. Bear that in mind as we walk through the numbers and theories involved. In 2022, these rate tiers were 0%, 15%, and 20% (not including potential net investment income tax). Is this something you would be comfortable with?

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Taxes Sales Numbers Investments 52

Good Financial Cents

MARCH 15, 2023

Despite declining overall employment numbers in the field, there are close to 400,000 job openings annually for customer service representatives, according to the Bureau Of Labor Statistics – a testament to how critical the industry is to the U.S. You must also possess solid math and cash-handling skills and be able to multitask.

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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. We have both of these potential investments on our Ready-to-Buy list, and both had gotten to within 10% of prices where we thought they represented very good value in the past few years (Nvidia in Oct 2022, Novo Nordisk in Dec 2020).

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Random Roger's Retirement Planning

JULY 1, 2022

We dove in on the math at my old URL (sad story, no longer exists) and the math checks out. The benefit comes in a year like 2022, both managed futures funds are up 17% versus down 20% for the S&P 500. A long time ago I wrote about a portfolio concept derived by John Serrapere called 75/50.

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The Big Picture

JANUARY 9, 2024

So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? It was derivatives math, it was like working with the traders on like risk management. Like that solves like a number of issues.

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Brown Advisory

NOVEMBER 13, 2023

The New Normal It is difficult for investors and individuals alike not to have been directly impacted by the rapid rise in inflation in 2021 and 2022, the succeeding interest rate hikes by global central banks and the ensuing effects these economic events have had on financial markets, including the mortgage market. will require 4.3

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Good Financial Cents

DECEMBER 19, 2022

When you actually do the math, traditional braces or Invisalign can easily cost $24,000 or more for four kids! There are also a number of financing options available that can make Invisalign more affordable. million customers in the United States as of 2022. Be sure to shop around and compare rates before making a decision.

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Mr. Money Mustache

MAY 20, 2022

It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). It’d be like retiring at the bottom of 2009 with still-decent numbers. the current blowup) -20% so far What’s your guess?

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Marketing Marketing Retirement Investing 53

Mr. Money Mustache

JANUARY 27, 2022

And since 2022 is becoming a year of interesting financial changes, it’s time to spark things up again, go back to our roots, and start covering some of the many subjects that are cropping up in this latest incarnation of our economic world. So I did the math on that too**. License to Chill – What’s the Worst Case Scenario?

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Food Retirement Math License 52

Good Financial Cents

APRIL 14, 2023

Note: On July 13, 2022, Celsius Network and certain of its affiliates filed for voluntary Chapter 11 bankruptcy. Debt numbers like that can keep a lot of young people from ever getting out of the starting gate. Earning Potential: Varies by hourly rate and number of hours worked per month. million people owe $1.75

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Accounting Communication Investments Investing 91

The Big Picture

FEBRUARY 2, 2023

emphasis added) The red flags were there for anyone who could put their greed aside and simply focus on the math. Previously : How to Avoid Financial Disasters (January 26, 2023) If It Sounds Too Good To Be True… (September 18, 2022) All the Ways You Can Get Defrauded (July 8, 2021) Advice for Rich Uncles and Others.

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The Big Picture

MARCH 31, 2023

The platform had punched above its weight in pure user numbers thanks to an unrivaled ability to both distribute real-time information and make expertise available. private equity lender in 2022 and was “Lender of the Year” according to M&A Advisor. trillion asset manager of TIAA. Churchill was the top U.S.

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The Better Letter

OCTOBER 20, 2022

1:39 PM ∙ Oct 16, 2022 76 Likes 4 Retweets I could offer multiple counters to this complaint (for example, any “fairness” argument ought to consider the lack of equity among teams and their payrolls). It describes “a person’s inability to make sense of the numbers that run their lives.”

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The Big Picture

JUNE 27, 2023

Peter Borish, founding partner number two at Tudor Investments where he worked directly with Paul Tudor Jones, most famously helping him put on a very aggressive short position heading into the ’87 crash. .” RITHOLTZ: So literally number two at the firm? RITHOLTZ: But they did have hedges on in 2022.

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The Big Picture

MAY 9, 2023

He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.

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