The Big Picture

SEPTEMBER 19, 2022

And from a public market, that sounds like it’s a compliance and conflict nightmare. Unless we really course correct very hard, very dramatically, and by dramatically, I mean, the level of government activation that we had in World War II. You guys approach it differently. WENGER: In our LPA, we can write checks up to $100,000.

Valuation 296

Valuation Investing Investments Engineering 296

The Big Picture

JANUARY 24, 2023

And that’s — it’s a better form of governance because you’re like a family business since you don’t have 90-day reporting. RITHOLTZ: So it’s different math then I need 100x winner versus 99? You don’t have to worry about third parties. You can be very rational. KLINSKY: Yeah.

Investing 259

Investing Investments Numbers Banking 259

The Big Picture

AUGUST 15, 2023

RITHOLTZ: But did the oversight, the governance get it? SEIDES: The success of that governance. Let me say what your compliance wouldn’t allow you to say. RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. They really did.

Management 130

Management Investing Investments Government 130

The Big Picture

DECEMBER 6, 2022

People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. BERRUGA: Yeah.

Clients 154

Clients Investing Investments Management 154