Abnormal Returns

MAY 27, 2025

on.ft.com) Doing the math on private equity performance. morningstar.com) A roundup of recent academic research including 'Learning to Rank: Enhancing Momentum Strategies Across Asset Classes.' IRRs The many problems with private equity IRRs. morganstanley.com) How macro effects move factor returns. alphaarchitect.com)

Math 147

Math Assets 147

Harness Wealth

APRIL 30, 2025

Math errors and typos Minor mathematical errors and typos can disrupt the IRS’s automated processing systems and can result in discrepancies that can flag your return for manual review. Foreign accounts Failure to report foreign bank accounts, financial assets, or income can result in severe penalties and trigger an audit.

Compliance 52

Compliance Taxes Accounting Assets 52

A Wealth of Common Sense

JULY 4, 2025

Let’s start with the math first and then work our way to the psychological ramifications. A reader asks: I recently sold my condo for $400k and want to invest the money in the stock market. However, it appears the market is at an all time high. Should I invest elsewhere or wait for a market correction? Excellent question.

Investments 86

Investments Investing Math Marketing 86

The Big Picture

JULY 1, 2025

She runs their private internal fund, about $108 billion that she manages primarily in fixed income, private credit, a variety of other assets. I took a lot of math classes. I couldn’t give up math in computer science. Here is the plan, here’s how you should go about in this deal or in, in this new asset class.

Investments 144

Investments Investing Consulting Insurance 144

Trade Brains

JULY 10, 2025

Japanese regulators actively foster clearer digital asset rules. Fluctuating USD/INR rates also alter investment math. Specifically, they avoid the dreaded Virtual Digital Asset (VDA) classification. The tax feels less like policy and more like confiscation. Their approach emphasizes investor protection alongside taxation.

Taxes 52

Taxes Math Tax Planning Assets 52

The Big Picture

JUNE 23, 2025

It’s sort of like math with dollar signs attached to it. They, they had a very, very complex asset. They still do, it’s a little bit different now all these years later, but they had a tremendous amount of interest rate risk in those servicing right assets, right? I really like it. Maybe give it a shot. I was hooked.

Portfolio 130

Portfolio Marketing Marketing Banking 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 suddenly you could buy index funds that cover all of the major asset classes. They will earn that market return less, whatever they’re paying.

Investments 144

Investments Investing Retirement Management 144

The Better Letter

JANUARY 2, 2025

UBS Asset Management said if its base case soft landing was achieved, “global equities will comfortably ascend to new all-time highs in 2024.” .” Stifel called for a range-bound S&P and growth underperformance. “Tilt to fixed income,” insisted Franklin Templeton. There were a few bulls.

Management 106

Management Marketing Marketing Economics 106

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. ’cause the asset management business of Sanford Bernstein, as everyone I think knows, was a deep value shop.

Asset Allocation 144

Asset Allocation Wealth Management Clients Assets 144

The Big Picture

JULY 15, 2025

Just an incredibly storied career who has managed to put together such a straightforward and intelligent way to approach asset management. Obviously math, there’s a ton of symbolic logic wherever you look, that classic syllogism, right? Rich Bernstein Rockstar, former Chief strategist at Merrill Lynch. Rather than me babble.

Numbers 144

Numbers Investments Investing Economics 144

The Big Picture

JUNE 16, 2025

Let me start managing assets. Yeah, you have to, you know, the conceit of finance is that basically the math is all there is to it. So you mentioned half math, half Shakespeare. Let’s talk about the math side. I wanna, I want to get into some of the details before we start talking about markets and investing.

Math 130

Math Numbers Investing Investments 130

The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. I mean the, when consumers pull back, right, because the, the government surpluses are like, they work like a Hoover, they’re just vacuuming up net financial assets. And despite the Fed’s zero ERP policy that wildly stimulated asset prices.

Economy 144

Economy Taxes Budgeting Government 144

The Big Picture

MAY 13, 2025

This is a fascinating conversation if you’re at all interested in what it’s like to be part of a fast growing organization that is racking up trillions of dollars in assets, what it’s like to create new initiatives. There has been a giant shift from public to private assets over the past, you know, certainly decade or so.

Clients 130

Clients Investing Investments Management 130

Diamond Consultants

JULY 22, 2025

Advisors are constantly doing mental math when weighing familiarity against the allure of freedom—and this is our attempt to lay out the case for disrupting comfort and inviting change. No doubt, the stakes are a whole lot higher than disrupting the moment to get a cold drink on a summer day.

Compensation Planning 52

Compensation Planning Math Education Financial Advisor 52

WiserAdvisor

JUNE 27, 2025

Outliving your savings Here’s the math: the earlier you retire, the longer your savings have to last. The bucket strategy solves this by dividing your assets based on time horizon: Bucket 1 (0 to 3 years): This is your short-term spending fund. Retiring at 55? Retire during a market downturn and start withdrawing immediately?

Retirement 59

Retirement Planning Retirement Planning Taxes 59

Carson Wealth

APRIL 28, 2025

The math is just Earnings * (Price / Earnings) = Price, since the Earnings parts cancel. Ultimately, if uncertainty continues, the risk premium on US assets is likely to go up. We still prefer equities over other asset classes, but wed rather be much more diversified, across the globe.

Marketing 78

Marketing Marketing Economy Manufacturing 78

Random Roger's Retirement Planning

NOVEMBER 22, 2024

A more real world implementation is there are several asset classes involved and where the relationships between the assets are dynamic, so too should the allocations to the assets be dynamic. We've looked many times at the Risk Parity ETF (RPAR). The idea here is to look to see if any value can be added.

Portfolio 52

Portfolio Math Assets Clients 52

Abnormal Returns

MARCH 4, 2025

wsj.com) Experience shows Bitcoin is not a safe-haven asset. mrzepczynski.blogspot.com) Earlier on Abnormal Returns Research links: more than math. (klementoninvesting.substack.com) Ray Dalio loves to predict financial crises. awealthofcommonsense.com) Crypto On the stablecoin rivalry between Tether and Circle.

Retail 147

Retail Math Economics Media 147

Discipline Funds

JULY 18, 2025

But we’re nowhere close to that occurring and the math never made sense to begin with because you can’t collapse global trade and also expect global trade to generate trillions in revenue. We’re talking about a $3 TRILLION line item there so markets panicked because that would have been a colossal tax increase.

Taxes 59

Taxes Math Economy Economics 59

The Big Picture

JUNE 2, 2025

And when I went there I was gonna be a lawyer and I was gonna major in mathematics and I took my freshman year math and that all went great. And it turned out that half of that class had been the US National Math team and they had all competed internationally and they knew stuff I didn’t.

Economy 130

Economy Economics Numbers Banking 130

The Big Picture

NOVEMBER 23, 2024

New York Times Magazine ) • Wall Street Math Wizards Are Decoding Private-Market Returns : A small band of quants is shining a light into the shadowy world of unlisted assets. He is the portfolio manager of the Return Stacked ETF Suite, manging 800 million in ETF assets. Try these 15 factors instead. (

Food 157

Food Math Media Assets 157

Abnormal Returns

MARCH 5, 2025

Crypto The government has no strategic reason to own crypto assets. theverge.com) Money management How big asset managers are dealing with the DEI backlash. abnormalreturns.com) Research links: more than math. theatlantic.com) A crypto reserve does nothing for the U.S. abnormalreturns.com) You can now follow us on Bluesky.

Math 147

Math Government Engineering Economy 147

The Big Picture

MAY 7, 2025

His firm, Efficient Frontier Advisors manages $400 million in client assets ($25m minimum). He is also the author of multiple books, the Intelligent Asset Allocator, four Pillars of Investing, investors Manifesto, and on and on. Did you develop systems for managing assets and dealing with clients or checklists? Bill Bernstein.

Asset Allocation 144

Asset Allocation Medical Assets Management 144

The Big Picture

FEBRUARY 17, 2025

And to round out your background, you spend time at Alliance Bernstein, JP Morgan Asset Management and Morgan Stanley. Which was interesting because I actually started my career at JP Morgan Asset Management in the high yield and investment grade credit research team. And I did a lot of options math, which I thought was interesting.

Investments 144

Investments Investing Economics Marketing 144

The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. You’ve been managing outside capital across a variety of asset classes and strategies. Because if you don’t include every single data point, then in the matrix math you have a divide by zero issue. This blows up to a $13 trillion asset class.

Risk Management 144

Risk Management Banking Portfolio Distribution 144

Abnormal Returns

OCTOBER 11, 2024

(awealthofcommonsense.com) Corey Hoffstein talks with Farouk Jivraj, Portfolio Manager and Head of Alternative Risk Premia at Fidelity Investments’ Asset Management Solutions division. ritholtz.com) Joe Weisenthal and Tracy Alloway talk multi-strategy hedge fund math with Dan Morillo, co-founder of Freestone Grove Partners.

Math 276

Math Portfolio Management Management Portfolio 276

Abnormal Returns

MAY 19, 2024

Top clicks this week Three assets that don't diversify your portfolio as well as you think. morningstar.com) The problematic math of passing down generational wealth. awealthofcommonsense.com) Risk-on assets have failed to outperform in 2024. blogs.cfainstitute.org) International diversification requires a long time horizon.

Math 298

Math Assets Portfolio Marketing 298

The Big Picture

FEBRUARY 17, 2023

Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame. trillion in assets. Most economic downturns hit lower-income Americans hardest, but this time is different.

Math 284

Math Advertising Food Retail 284

The Big Picture

MAY 19, 2023

How bad at math do you need to be to think that it’s only 5 stocks driving this market? American household debt may be at record highs, but so too are Assets and Incomes + the ratio between debt + income is near record lows. Only 5 stocks driving markets?! Then why are Equal-weighted indices doing so well? Recession is inevitable?

Marketing 284

Marketing Marketing Math Media 284

Abnormal Returns

MAY 14, 2023

businesswire.com) Top clicks this week What's the best asset to hold during a recession? wealthmanagement.com) The math behind savings rates and retiring early. Also on the site Everybody is a creative, whether they acknowledge it or not. abnormalreturns.com) FutureProof announced the first 50 speakers including the musical acts.

Math 162

Math Portfolio Retirement Banking 162

The Big Picture

JUNE 24, 2023

You need to understand how math, statistics and probabilities work. You need an understanding of how the different asset classes behave from a risk and reward perspective. To be a successful investor you need to possess a number of different traits.

Math 263

Math Advertising Financial Advice Assets 263

A Wealth of Common Sense

JUNE 20, 2023

You need to understand how math, statistics and probabilities work. You need an understanding of how the different asset classes behave from a risk and reward perspective. To be a successful investor you need to possess a number of different traits. You also need a deep understanding of financial market history from booms to.

Financial Advice 145

Financial Advice Math Economy Numbers 145

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. She can go anywhere, do anything.

Assets 144

Assets Management Portfolio Investing 144

A Wealth of Common Sense

NOVEMBER 8, 2022

The most important skill in finance has nothing to do with math. Creating the best discounted cash flow models in the world won’t help you raise assets from prospective clients. No one really cares about your Microsoft Excel skills if you can’t explain what they’re good for.

Math 144

Math Assets Clients 144

Nerd's Eye View

JUNE 21, 2024

million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5

Financial Planner 246

Financial Planner Financial Advisor Math Taxes 246

The Big Picture

MAY 31, 2024

Sherman oversees and administers DoubleLine’s investment management subcommittee; serves as lead portfolio manager for multisector and derivative-based strategies; and is a member of the firm’s executive management and fixed-income asset allocation committees. He is host of the podcast The Sherman Show and a CFA charter holder.

Asset Allocation 184

Asset Allocation Math Portfolio Management Engineering 184

The Big Picture

NOVEMBER 27, 2023

Low Stakes : The most successful market timers are often those people who do not have actual assets at risk. 24, 2023 _ 1: In particular, why average outperforms over the long run; Sommers credits not making errors (via Charlie Ellis’ “Winning the Loser’s Game”) but the nuance and math are fascinating. It’s utterly laughable.

Marketing 300

Marketing Marketing Math Retirement Planning 300