The Big Picture

JULY 24, 2024

At The Money: Behavior Beats Intelligence (July 24, 2024) We focus most of our investing efforts on information and knowledge. Morgan Housel Finance types tend to focus on attributes like intelligence, math skills and computer programming. But is that where we generate the highest ROI? None of it matters. I’m Barry Ritholtz.

Math 273

Math Retirement Portfolio Investments 273

Trade Brains

DECEMBER 7, 2023

The topics covered are personal finance math, retirement problems, introduction to mutual funds, the concept of fund & NAV, equity schemes, debt funds, investing in bonds, index funds, rolling returns, Exchange-traded funds(ETF) and basics of macroeconomics.

Budgeting 59

Budgeting Certification Education Asset Allocation 59

The Big Picture

MARCH 20, 2024

At the Money: Benefits of Quantitative Investing (March 20, 2024) Throughout history, investing has been a lot more “Art” than “Science.” As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. We are looking historically at ideas that make economic sense, right?

Investing 162

Investing Investments Portfolio Valuation 162

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. Two reasons. What, why do we think that is?

Assets 147

Assets Management Portfolio Investments 147

The Big Picture

JANUARY 16, 2024

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. So with the caveat that Wall Street has been wrong about this for, you know, two or three years, wall Street is now anticipating at least two rate cuts in 2024. And I, I think that I kind of triangulated on it.

Assets 264

Assets Investments Investing Management 264

The Big Picture

SEPTEMBER 3, 2024

A bachelor’s in economics from Northwestern and then an MBA from University of Chicago. And so I kind of leveraged that when I went to Morningstar because they’re very focused on quality, the whole concept of economic moats, but also about buying companies when they’re trading at a discount to intrinsic value.

Investments 147

Investments Investing Valuation Management 147

The Big Picture

NOVEMBER 21, 2023

So here’s the math, Barry. If you have seven $50 incremental year, then every 10 year old in America, when they enter into the fifth or sixth grade and the teacher says, Hey, today we’re gonna talk about math or compounding or stocks or capitalism, they’ll say, open up. 00:44:49 [Speaker Changed] Correct?

Investments 246

Investments Investing Startup Accounting 246

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. Then, after that period (February 2024), we can end the support payments.

Food 52

Food Retirement Math License 52

The Big Picture

MARCH 31, 2023

Real Estate Bust Exposes Big Divide At the heart of the country’s economic and social crisis is a broken housing market, which has amplified social divisions. The Guardian ) • What Broke Sweden?

Banking 162

Banking Math Distribution Investment Advisor 162

The Big Picture

SEPTEMBER 10, 2024

In doing so, I thought this conversation was really quite fascinating, and I think you will also, especially if you’re not only interested in equity, but curious as to how to combine various aspects of market functions, valuation, economic cycle, fed actions into one coherent strategy. But generally starts with the economic cycle.

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

FEBRUARY 21, 2024

At the Money: David Dunning professor of psychology at the University of Michigan (January 10, 2024) How well do you understand yourself? In work on economic games, he explores how choices commonly presumed to be economic in nature actually hinge more on psychological factors, such as social norms and emotion.

Media 147

Media License Planning Economics 147

The Big Picture

AUGUST 29, 2023

So a variety of risk meetings, a variety of economic meetings. And ultimately we think this is going to allow us to pursue a level of economic growth that continues to give us full employment, moderate price increases.” It’s also being part of the senior team that runs Vanguard, the business of Vanguard, right? RITHOLTZ: Right.

Portfolio 130

Portfolio Investments Investing Numbers 130

The Big Picture

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. And I think it partly depends on the economic comfort in which you grew up. And that was in June of 2024.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. I’m going to be skeptical about analyst adjusted earnings and look to free cash flow is a confirming, but, but I also wanna see, is it one of those cases where the analyst adjustments are economically realistic or are they excuses? And the value line has all these statistical patterns.

Management 264

Management Investing Investments Retail 264

The Big Picture

JULY 29, 2024

Also the, the underlying philosophy of that just seems fundamentally wrong from an an economic standpoint. And yeah, here we are in 2024 and it’s still a subject of debate. You know, don’t be overwhelmed by the, the vocabulary or the math or things that frighten people away from the industry.

Clients 147

Clients Portfolio Financial Advisor Investments 147

The Better Letter

JUNE 13, 2024

Or perhaps it simply doesn’t fit with our view of the world (or the economic cycle, or the markets, or politics, or, or, or). Moreover, “proof” in science in inductive and doesn’t have the deductive certainty that it can in math. Or it doesn’t come packaged the way we expect or from a source we expect.

Math 91

Math Investing Investments Economics 91

The Big Picture

FEBRUARY 13, 2023

So, listen, you know, I think we’re going to see a rally in interest rates probably in 2024 and ’25, because I think rates will go back, the 10-year Treasury will go back to 2.5 RIEDER: And all of a sudden, you change the economic paradigm so darn fast. How are we doing in literacy versus math versus science? RIEDER: Yeah.

Economy 147

Economy Numbers Marketing Marketing 147

The Big Picture

MARCH 12, 2024

So in this, in this context of, of a mortgage now being clear to everyone that this default risk is present, it’s real, and it’s hard to price because following the borrower’s economic profile, there, there are defaults that are related to just life events, but there’s also defaults related to a macroeconomic event.

Banking 147

Banking Marketing Marketing Investments 147

Abnormal Returns

MARCH 5, 2025

sportsbook in 2024. readthejointaccount.com) Some signs that economic uncertainty is bleeding through into consumer intentions. abnormalreturns.com) Research links: more than math. (wheresyoured.at) OpenAI alumni are the new Tiger Cubs. spyglass.org) We don't need AI to create more written product. There's already so much.

Math 144

Math Government Engineering Economy 144

The Big Picture

JULY 13, 2024

Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How Jeff Yass Became One of the Most Influential Billionaires in the 2024 : Election The libertarian who turned Susquehanna into one of Wall Street’s most powerful trading firms is enmeshed with TikTok—and betting on Trump.

Math 189

Math Numbers Economics Assets 189

The Big Picture

MARCH 17, 2025

Professor Stephanie Kelton teaches Public Policy and Economics at SUNY Stony Brook. You get a bachelor’s, a BA and a BS in Economics and Business at California Sacramento, then University of Cambridge, master’s in Philosophy and Economics, then a PhD in economics at the New School. I happened to pick that one.

Economy 147

Economy Taxes Budgeting Government 147

The Big Picture

JANUARY 7, 2025

00:13:05 [Speaker Changed] But you are also on the advisory board for the Stanford Institute of Economic Policy and Research. So that’s why I think doing it as an individual always gave me much more reward and also, quite frankly, economic success than doing it as a, as a fund investor. Now those volumes have gone up this year.

Valuation 130

Valuation Engineering Numbers Marketing 130

The Big Picture

APRIL 8, 2024

The transcript from this week’s, MiB: Ed Hyman on Using Economic Data Opportunistically , is below. So you have all of this very pragmatic experience as opposed to getting a PhD in economics, which tends to be a little more abstract and academic. I’d been ranked i i back in the seventies, if you can do the math.

Economy 147

Economy Clients Banking Economics 147

The Better Letter

APRIL 11, 2024

A subsequent “ meta-meta-analysis ” concluded that nearly 80 percent of the reported effects in the empirical economics literature is exaggerated, typically by a factor of two, with one-third inflated by a factor of four or more. The interplay between math and team personnel is part of what makes basketball interesting.

Investing 90

Investing Investments Math Education 90

Abnormal Returns

JUNE 8, 2025

klementoninvesting.substack.com) The math working against Social Security. ritholtz.com) Tax audit rates for high-income Americans rose in 2024. nytimes.com) Economic data Deteriorating economic data quality is bad for investors. carsongroup.com) There is still no shortage of economic policy uncertainty.

Math 144

Math Media Economics Government 144

The Big Picture

NOVEMBER 19, 2024

Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. Colin Camerer : And then economics, which I really only took a little bit of, a lot fewer than my peers I later competed with in grad school, was kind of in between like the three little bears, you know, it was, there was, I love that.

Economics 162

Economics Math Numbers Marketing 162

The Big Picture

MAY 30, 2024

They sent a video from a woman, Wendy Bell, who is incensed at America’s apparent economic collapse. May 20, 2024) Wages & Inflation Since COVID-19 (April 29, 2024) Is Partisanship Driving Consumer Sentiment? That was news to me. Previously : What Is the Consumer Doing…? August 9, 2022) _ 1.

Math 312

Math Economy Food Education 312

The Big Picture

OCTOBER 3, 2023

 The transcript from this week’s, MiB: Gary Cohn, Director of the National Economic Council, President of Goldman Sachs , is below. You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. Your chief economic advisor to the president.

Taxes 280

Taxes Banking Clients Management 280

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 147

Math Marketing Marketing Engineering 147

The Big Picture

OCTOBER 31, 2022

RITHOLTZ: I’m going to take that bet with you for 2024. RITHOLTZ: Did you see the Liberty Street Economics research paper? This recent paper at Liberty Street Economics blog, which is the New York Fed Research blog, said, “Oh, it turns out that people have adjusted to work from home. They were working longer hours.

Numbers 147

Numbers Investing Investments Marketing 147

The Better Letter

JANUARY 11, 2024

That’s why the markets are much more of a mind game than a math game. And that’s why markets will always be exceedingly hard, even when the math seems easy or the future seems certain. These experts made a living “analyzing” and pontificating on political and economic developments. And lots of surprises.

Economy 97

Economy Economics Math Banking 97

The Better Letter

JANUARY 2, 2025

2024 Forecasting Follies In the Star Trek universe, the Kobayashi Maru is a Starfleet Academy training exercise for future officers in the command track. 2024 wasn’t any different. It was no different in 2024, but the relative normality of the year didn’t improve the forecasts any. Thanks for reading.

Management 103

Management Marketing Marketing Economics 103

The Big Picture

NOVEMBER 16, 2024

New York Times ) • How Big Toilet Paper dupes us all : The wild, nonsensical world of toilet paper math, explained. ( His field of study looks at the interface between cognitive psychology and economics. But the court overseeing the bankruptcy put a hold on the sale pending a hearing next week. (

Recruitment 162

Recruitment Math Economics Sales 162