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Transcript: Jeremy Siegel + Jeremy Schwartz

The Big Picture

RITHOLTZ: So I said something at an event where I had said to a group of young people, hey, if you’re in your 20s, 30s, 40s, you really don’t need bonds in your portfolio. You go even further than that and say, “Most portfolios could be fine if they’re equity only.”. SIEGEL: Yeah. SIEGEL: Yeah. SIEGEL: Yeah.

Numbers 144
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Transcript: Bill Browder

The Big Picture

So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. The currency devalued by 75 percent and my portfolio, which was above $1 billion, went down 90 percent. And asked them, how much does one of these things cost, and they said, $20 million new.