Remove Asset Allocation Remove Definition Remove Math
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Transcript: Velina Peneva, Swiss Re Chief Investment Officer

The Big Picture

I took a lot of math classes. I couldn’t give up math in computer science. So it was, if you think about insurance asset management, we have, you know, we obviously serve the group, but we have business units and legal entities and each of these business units and legal entities have their own strategic asset allocations.

Investing 144
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Transcript: Steve Laipply, Global Co-Head of Bond ETFs at BlackRock

The Big Picture

It’s sort of like math with dollar signs attached to it. You need to get those assets allocated, you know, on a risk basis. I mean the cut definitely got pushed out to September, right? By definition if you get a sharp slowdown that nobody saw coming, you probably do see longer term yields coming down.

Portfolio 130
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Transcript: Jonathan Clements

The Big Picture

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. People definitely seem to be happier to give away money now. They will earn that market return less, whatever they’re paying.

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Transcript: Lisa Shalett, CIO Morgan Stanley

The Big Picture

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. 00:20:56 [Speaker Changed] So, so let’s talk a little bit about what goes into managing a hundred plus billion dollars in assets.

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Transcript: Richard Bernstein, CEO / CIO of RBA

The Big Picture

Obviously math, there’s a ton of symbolic logic wherever you look, that classic syllogism, right? You know, all these different things, which have definitely been influential in my career, without a doubt. 00:16:25 [Speaker Changed] It was definitely improving. Absolutely. I think I took a course in relativism with him.

Numbers 144
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At the Money: How to Change Careers 

The Big Picture

He is also the author of multiple books, the Intelligent Asset Allocator, four Pillars of Investing, investors Manifesto, and on and on. I couldnt figure out where it came from; so I worked out the canonical math. And if you understand asset allocation, you understand finance. Bill Bernstein. You start from 2015.

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Transcript: Tom Hancock, GMO

The Big Picture

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. 00:13:13 [Speaker Changed] It’s an improvement of value or refinement on the definition of value. Finance was the natural fit for GMO. So I was at Harvard.

Valuation 130