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Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

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. The first is a false positive, whereby one believes a company is a good potential investment and invests.

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Transcript: Steven Klinsky

The Big Picture

So you sell a lot of houses and you get commission on what you sell. RITHOLTZ: So it’s different math then I need 100x winner versus 99? RITHOLTZ: So I know we’re not going to talk about performance and returns because of the normal compliance headaches. But when you’re in private equity, you own the business.

Investing 259
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How to CRACK the secret costs in an insurance illustration

Sara Grillo

Quick math: If you have $1.828 million in the bank. 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 There is an admin charge of about $49k. There is an insurance charge of about $246k.

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Blunt, unfiltered truth about Indexed Universal Life

Sara Grillo

Financial advisor, and let’s just even suppose I’m a fee-only advisor just for the purpose of simplicity, I do not sell insurance, I don’t get compensated for insurance, I can accept commissions if someone needs term life, I refer them to the insurance agent down the street.

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Transcript: Peter Borish

The Big Picture

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. What did you find? RITHOLTZ: Right.

Math 143