The Big Picture

OCTOBER 17, 2023

I want to get into that before we start talking about asset management. So I, I did a math degree at Oxford, which is more pure math. So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse.

Investing 130

Investing Investments Clients Management 130

The Big Picture

AUGUST 29, 2023

That period very much encompasses Vanguard going from an admittedly successful, but not enormous entity, till I think the 2000s, especially the financial crisis, changed how people thought about managed assets, indexing, advisory versus transactional, and Vanguard, along with BlackRock, have been two of the biggest beneficiaries of this.

Portfolio 130

Portfolio Investing Investments Numbers 130

Aleph

JANUARY 14, 2023

link] Abundant liquidity from the Fed emboldened growth investors to bid prices to unsustainable valuations. link] Maybe, and it might be good to replace geometry with analytic geometry, but adding data science and probability will leave most STEM majors underprepared for college math. In the End, the Answer Was in the Textbook.

Math 59

Math Assets Government Engineering 59

Brown Advisory

JUNE 16, 2022

Central banks globally are raising interest rates and this is having a chilling effect on equities and bonds alike. Long duration assets are losing favour given higher rates act like gravity on the price of securities whose intrinsic value is based on cash flows generated further into the future. The last time U.S.

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. So, yeah, I had a career in investment banking with Jefferies, and it was a really good professional experience because I do have the opportunity to work in M&A, equity and debt financing. billion deal.

Clients 152

Clients Investing Investments Management 152

The Big Picture

AUGUST 15, 2023

So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. If you look at the types of assets that Yale invests in, you can create a benchmark for each pool.

Management 130

Management Investing Investments Government 130

The Big Picture

FEBRUARY 13, 2023

And this is just a masterclass in how to manage assets, think about your career, understand the relationship between markets, between fixed income, the Fed, the dollar, sentiment, consumer spending, just everything is related and understanding what matters when is the key to your success. He helps to oversee $2.5 RIEDER: Right.

Economy 141

Economy Numbers Portfolio Marketing 141

The Big Picture

JULY 19, 2022

You began as a central bank portfolio manager in Finland. You mentioned in the beginning of the book lower asset yields and richer asset prices have pulled forward future returns. ILMANEN: It’s always good to think of starting yields and valuation sort of two sides of the same coin. ILMANEN: Yes. Explain that.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

MARCH 12, 2024

And we said, let’s just take a little detour here and make sure we understand the credit risk of these things before we sort of travel, start making markets and banking and, and, and really making these a core part of our business. No income, no job, no assets were exactly ninja, Sean Dobson : No pulse seems reasonable.

Banking 141

Banking Investing Investments Marketing 141

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. And Bank of America called me and said, would you like to be director of research and strategy? And the assets under management were smaller. 00:24:08 [Speaker Changed] You, you want to do a preliminary sort and say, what would a good looking bank look like? So I took that.

Management 258

Management Investing Investments Retail 258

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. I think eventually it’s Dain Rauscher, which is now Royal Bank. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation. Is it about the valuation? RITHOLTZ: Okay. LINDZON: Who is this guy?

Media 278

Media Investing Investments Valuation 278

The Big Picture

OCTOBER 31, 2022

Now, this is — now, you’re going to China, China banks. SIEGEL: No, it’s more — no, it’s actually because the rise of interest rates has slowed down credit and it’s moved funds out of bank so much, that the liquidity is actually declining in the system. SCHWARTZ: This is like five P/E-type stocks.

Numbers 141

Numbers Investing Investments Marketing 141