The Better Letter

DECEMBER 15, 2022

Al Capone is said to have claimed that he robbed banks because that’s where the money is. If you had invested $10,000 in Amazon at its IPO price ($18) in 1997, you would have purchased 555 shares, not counting commission expenses or fractional shares. Based upon last week’s TBL , those hedge fund numbers sound high.

Investments 80

Investments Investing Portfolio Numbers 80

Clever Girl Finance

OCTOBER 17, 2023

A job may pay a base salary, and then have extra opportunities for bonuses or commission payments. Bookkeeping, auditing, or accounting clerk Median yearly wage, according to the Bureau of Labor Statistics: $45,860 This career can work out well if you are good at math and numbers. Skilled at an academic subject like math or English?

Taxes 52

Taxes Numbers Math Budgeting 52

Brown Advisory

JANUARY 17, 2024

Statistically, these are known as Type 1 errors of commission (or inclusion) having fallen for a false positive signal. We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. Bank Rakyat’s micro lending business has approximately 98% annual payback on its loans.

Investing 52

Investing Investments Portfolio Accounting 52

Good Financial Cents

APRIL 14, 2023

Best of all, none of those brokers charge commissions for buying and selling individual stocks. “I Now I must caution that this is not the same as having money in the bank. But if you’ve got money to spare and you want higher returns than you can get at a bank or even on dividend stocks, this is an income source to consider.

Accounting 91

Accounting Communication Investments Investing 91

The Big Picture

AUGUST 8, 2022

It turns out their business model is a little similar to the way the banking industry has managed to capture a lot of regulators and continue to operate fairly freely without this sort of regulation and capital requirements and equity requirements that would make banking safer. I was good in math and I love the math.

Banking 204

Banking Government Insurance Taxes 204

The Big Picture

JUNE 27, 2023

Not only did he serve on the Brady Commission looking at the ’87 crash, but his history of investing and trading and public service, both at the Fed and the Chicago Board of Trade and Treasury Department, really unparalleled, as well as just a pretty amazing track record as an investor and trader. RITHOLTZ: Doing what? RITHOLTZ: Sure.

Math 147

Math Risk Management Marketing Marketing 147

Sara Grillo

JUNE 12, 2023

Quick math: If you have $1.828 million in the bank. The bank is going to credit you 4.95%. And , you have to do the math by hand. Now, quick math, if you have 128 million in the bank in your Christmas or Hannukah Club, and the bank is going to credit you 5% on your money 0:18:18.4

Insurance 59

Insurance Clients Financial Advisor Math 59

Sara Grillo

MAY 8, 2023

If you see the IUL grifters on TikTok claiming an IUL policy is better than a 401k, or that is has upside potential with downside protection, a “can’t lost money asset”, or “privatized banking” you’ll know why the outrage is well deserved. The fair market value of the cap is what the carrier paid the investment bank to buy the 10% cap.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

The Big Picture

JANUARY 24, 2023

It was between corporate law and investment banking. RITHOLTZ: So even back then, when it was the size that you could take a Christmas picture with everybody in one room at Goldman, they’re still doing investment banking. So you sell a lot of houses and you get commission on what you sell. RITHOLTZ: Oh, really?

Investments 263

Investments Investing Numbers Banking 263

The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. And I go, the answer is the Japanese central bank is, has interest rates set at 0.5%. How do you look at the relationship between a country’s central bank and its ability to manage its own debt? I mean that was, that was the problem.

Economy 147

Economy Taxes Government Budgeting 147

The Big Picture

APRIL 8, 2024

And so he set me off in a direction that was practical and at that point, commission business that he generated was ginormous, I’m sure. 00:08:45 [Speaker Changed] Didn’t they end up getting purchased by, was it Deutsche Bank? Something by Deutsche Bank? And so I was in incentivized, you know, monetarily to help him.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JUNE 20, 2023

And so I would see how the over-the-counter desk, over-the-counter stock desk would push stocks and encourage brokers to sell them, put a lot of commission in them, to move them because some big seller was coming into the market. MORGENSON: Well, it was with a French bank, actually. They were representing the bank.

Insurance 147

Insurance Healthcare Retail Medicine 147

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 math doesn’t math. That was too abstract. Yeah, I’m gonna vote.

Economics 162

Economics Math Numbers Marketing 162

The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. Wall Street tries to make things more complicated because it has to justify the, the sales commission and if, but things really are not so complicated. Because if you don’t include every single data point, then in the matrix math you have a divide by zero issue.

Risk Management 147

Risk Management Banking Portfolio Distribution 147

The Big Picture

NOVEMBER 12, 2024

His commissions were drying up. Barry Ritholtz : I love the expression, the expression jingle mail people used to put their keys in an envelope and send it back to the bank. Or is the bank limited to just, they get the house and I get to walk away? I do the math. It was what it was the name of the place!

Manufacturing 261

Manufacturing Consulting Economics Engineering 261