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.” But today, data is widely available and it’s a key tool you can use to enhance your portfolio returns. Portfolio management was a lot less evidence-based than it is today. market volatility.

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David Nelson

NOVEMBER 27, 2023

Look outside the popular favorites for new themes as we head into 2024 The Price Tag for Downside Protection – Protecting the downside often means lagging the upside By David Nelson, CFA CMT As 2023 comes to a close, it is time for a raw, no-holds-barred reflection on the investment battlefield. There is nothing wrong with that.

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Brown Advisory

JANUARY 17, 2024

Global Leaders Strategy Investment Letter: January 2024 bgregorio Wed, 01/17/2024 - 05:23 Just want the PDF? One of our colleagues, Ken Stuzin, likens portfolio construction to Darwinian Investing – it is about survival of the fittest. In a concentrated portfolio, it is the losers that kill you.

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The Big Picture

SEPTEMBER 19, 2023

Her job is portfolio and product solutions and that means she could go anywhere in the world and do anything. 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.

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The Better Letter

MARCH 18, 2025

Between 1985 and 2024, there were 8.5 Both 2021 and 2022 each had 14 upsets; there were 10 upsets in 2023 and nine in 2024, if only three in 2007. 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 upsets per tournament (4.7

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Random Roger's Retirement Planning

SEPTEMBER 29, 2024

Risk parity portfolios are particularly vulnerable when their active weighting algorithms fail to predict shifts in asset correlations." In the same period Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 portfolio compounded at 10.89% with a standard deviation of 12.43%. The table/chart goes back to FAPYX' inception.

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The Big Picture

SEPTEMBER 3, 2024

All of their portfolio managers not only are substantial investors in each of their funds, but they do a disclosure year that shows each manager by name and how much money they have invested in their own fund. So we really think that it creates alignment to have our portfolio managers meaningfully owning shares of the funds that they manage.

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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. I worked in sort of a quasi portfolio management role for like a single client account type business. And then I worked on it throughout the GFC and then became the senior portfolio manager during the recovery period.

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The Big Picture

NOVEMBER 21, 2023

And I said, Paul, I don’t know anything about managing a public portfolio, but the deal we made with each other. So we repositioned our portfolio at the end of 22, recognizing that there had been too many dollars that went into safety trades. So here’s the math, Barry. 00:44:49 [Speaker Changed] Correct?

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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, like the, you know, like the accounting standards.

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Mr. Money Mustache

JANUARY 27, 2022

While we are no great example of financial success, we do own a nice home, have a reasonably sized investment portfolio and receive a solid pension income. Then, after that period (February 2024), we can end the support payments. So I did the math on that too**. So the worst case scenario is still not all that bad.

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The Big Picture

AUGUST 29, 2023

So I came down, met with our head of the portfolio review department, which oversees our external managers, met with our head of brokerage, and then met with the head of bind indexing, who was Ken Volpert at the time. And she was like, “You should come down and talk to some people at Vanguard.”

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The Big Picture

JANUARY 21, 2025

You would offer three of their stock picks where they were probably touting stocks they wanted to unload from their portfolio. 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 that was in June of 2024.

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Random Roger's Retirement Planning

AUGUST 17, 2023

The title tells you the author's conclusion, Why Your Portfolio Should Hold Way More Than 30 Stocks. In my opinion the diversification benefit hits diminishing returns pretty close to 40 individual holdings based on math if nothing else. If a portfolio starts with 40 holdings each with an equal 2.5% Not too many I'd say.

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Numbers Portfolio Math Portfolio Management 75

Carson Wealth

FEBRUARY 5, 2024

For a broad view of our expectations for the economy, stocks, and bonds in 2024, download our 2024 Market Outlook. After huge gains last year and a rocky start to 2024, the S&P 500 rebounded during the second half of January and managed to finish the month higher. When January is down, the market is up about 2.1%

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The Big Picture

SEPTEMBER 10, 2024

And pretty much, you know, July and August, that’s about what we’ve seen in 2024. I’m not saying you, I’m saying the street throughout 23, the first half of 24, as of August of 2024, there are no signs of a recession. So in 22, that portfolio was actually up, and it’s, and it’s long only.

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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? To help us unpack all of this and what it means for your portfolio, let’s bring in Professor David Dunning of the University of Michigan. We know a little bit of math.

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The Big Picture

JUNE 18, 2024

Like if you look today 2024 in music, you can’t break out a star anymore. 00:40:26 [Speaker Changed] They, they know, they know math, they know math. 00:49:16 [Speaker Changed] You know, I have a, a chapter and, and an upcoming book about, you are responsible for your portfolio. Nobody cares about your portfolio.

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The Big Picture

JULY 29, 2024

So 00:09:10 [Speaker Changed] I know Orion for many years because from the RIA perspective, from a registered investment advisor perspective, clients want to know how their portfolios are doing, what their performance is, both in absolute terms and relative to benchmarks. So tell us a little bit about that.

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The Big Picture

FEBRUARY 13, 2023

But you know exactly how they’re going to interplay within a portfolio, hugely powerful. You know, it’s not the equity market, and I run some big equity portfolios, you know, different. But, you know, it’s been in a portfolio for a long time. Last year, it’s in our tactical portfolios.

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The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. So, so let’s talk a little bit about picking international stocks as an asset class has done fairly poorly, but it’s nearly a third of your portfolio and, and you continue to outperform. So, so you set to retire as portfolio manager this year, you mentioned your two successors.

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Abnormal Returns

NOVEMBER 27, 2024

sherwood.news) Fund management How a portfolio manager allocates trades matters. sherwood.news) Microstrategy ($MSTR) math doesn't math. on.ft.com) Economy Corporate profits stalled out in Q3 2024. theovershoot.co) Earlier on Abnormal Returns Personal finance links: a boring portfolio. governments.

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The Big Picture

MARCH 12, 2024

So that’s an active part of portfolio trimming and opt and optimization. The good news is no one event has a big impact on the portfolio. And the people that live in those homes for the most part are not candidates to get a mortgage in the 2024 mortgage standards 00:54:45 [Speaker Changed] Market.

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Random Roger's Retirement Planning

APRIL 20, 2025

has it compounding at 2.23% from inception up to the end of 2024. We've all seen or read about having a portfolio that allows you to sleep at night and this concept is a path to that outcome. versus portfolio 2, which uses their concept, being down about 2.5%. Testfol.io Testfol.io has RDMIX down about 10.5%

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Carson Wealth

APRIL 28, 2025

The math is just Earnings * (Price / Earnings) = Price, since the Earnings parts cancel. at the end of 2024, well above the 41-year average of 15.5. It just means portfolios may have to be more robustly diversified than they were in the past. In short, across portfolios, when in doubt, diversify it out. It was 22.4

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The Big Picture

JANUARY 7, 2025

Hard to say fourth quarter, 2024, US markets aren’t at the very least fully priced, if not richly priced. And we get asked by pension plans, endowments, foundations, family offices saying, Hey, we’ve held this portfolio now for eight years, nine years, it’s getting long in the tooth. I’m the new CIO.

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The Big Picture

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. He helps portfolio managers make sense of the world. Where, where, till the end of 2024. Tell us a little bit about the plan for launching an independent economics research 00:09:15 [Speaker Changed] Shop. So at that point, I had a pretty big career.

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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. And there was people, Physics didn’t have, people, psychology didn’t have math, economics was kind of the right mix. The, the reason I ask, we are recording this about two weeks before the 2024 presidential election.

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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.

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The Big Picture

OCTOBER 31, 2022

RITHOLTZ: I’m going to take that bet with you for 2024. RITHOLTZ: So I said something at an event where I had said to a group of young people, hey, if you’re in your 20s, 30s, 40s, you really don’t need bonds in your portfolio. You have such a long horizon; you don’t need that ballast. SIEGEL: Yeah.

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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. Stop with the math.` Beyond the present lies imagination. And lots of surprises. This is the best thing I read in the last week.

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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.

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