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. It depends on your asset allocation.

Assets 147

Assets Management Investments Investing 147

The Big Picture

FEBRUARY 6, 2024

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. And actually Ben Inker is the head of our asset allocation group. We, we call asset allocation at GMO. Learn math, learn history.

Valuation 130

Valuation Investments Investing Assets 130

Investing Caffeine

FEBRUARY 1, 2022

Math Matters. I did okay in school and was educated on many different topics, including the basic principle that math matters. Source: Calafia Beach Pundit. This notion rings especially true when it comes to finance and investing.

Math 52

Math Assets Investments Investing 52

The Big Picture

SEPTEMBER 12, 2022

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. Everyone wants to — which is so intuitive now, but we became a lot more tactical with some of our allocations. Of course, we have strategic asset allocations, strategic portfolios.

Clients 299

Clients Wealth Management Banking Investing 299

The Big Picture

JUNE 6, 2023

Once you have your asset allocation dialed in, your automatic contributions dialed in, all the basics, then you can move on. Have I managed my asset allocation and my investment fees? It’s much deeper than math. And they do that for 35 years tweaking numbers I go you won, you won the game. Am I paid well?

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. So you’re Chief Investment officer of Asset and Wealth Management. Is that more or less right?

Assets 299

Assets Clients Investing Investments 299

Random Roger's Retirement Planning

JUNE 10, 2024

We've talked just a couple of times about the market becoming increasingly concentrated which just in terms of math means that a diversified strategy will lag for as long as the big names do well.

Retirement 98

Retirement Asset Allocation Math Marketing 98

The Better Letter

OCTOBER 5, 2023

This math explains why we shouldn’t be surprised when the market remains “irrational” far longer than seems possible. But we aren’t at all surprised when someone does win , even though the individual winner is shocked at his or her good fortune. In fact, much of what happens is highly improbable. But we are.

Insurance 112

Insurance Food Asset Allocation Retirement 112

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. They will earn that market return less, whatever they’re paying. You don’t need to analyze every month spending in quicker.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. We forget that there weren’t personal computers on everybody’s desk back then.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

AUGUST 29, 2023

So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. So what was challenging for me was like, actually, when we moved to the US when I was seven years old, I was always good with math, but my English was below average.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

MAY 7, 2025

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.

Asset Allocation 147

Asset Allocation Medical Assets Management 147

The Big Picture

APRIL 8, 2025

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.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

Random Roger's Retirement Planning

APRIL 20, 2025

The fund is a non-starter for me but is there anything interesting to learn from their asset allocation? This approximates their asset allocation, not their holdings, as of year end. Testfol.io has it compounding at 2.23% from inception up to the end of 2024. There was an "other" category so I rounded up a little.

Asset Allocation 59

Asset Allocation Portfolio Math Assets 59

The Big Picture

MARCH 12, 2024

They’re asset allocation model driven folks. And I was always good at math and, and I had been writing code since I was in the sixth grade. Is that 00:21:39 [Speaker Changed] Patient cap do, do they have the bandwidth to, Hey, we’re, we’re in this for decades at 00:21:44 [Speaker Changed] Time?

Banking 147

Banking Marketing Marketing Investing 147

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. 00:01:29 [Barry Ritholtz] I I, I try not to butcher people’s names, but let’s talk a little bit about your, your background.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. It’s just not smart on a math basis to do that. 01:02:36 All the math tells us we should not buy high dividend yield stocks.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

JUNE 20, 2023

Or should this be kept out of private asset allocators’ hands? So, it’s not one of these fuzzy math situations where you don’t really know what the value of the fund is because it’s got private companies in it that are being marked by individuals who have an ax to grind in the mark.

Insurance 147

Insurance Healthcare Retail Medicine 147

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