The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. The bonds aren’t worthless, but they’re definitely not trading at par. MIELLE: And it’s all a matter of how wide your definition of luck is. MIELLE: Huge. RITHOLTZ: Huge. MIELLE: Huge. 80 percent.

Assets 285

Assets Investing Investments Management 285

The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. Definitely 00:07:32 [Speaker Changed] True. 00:07:28 [Speaker Changed] Hey, listen, smart is good. Luck is better.

Assets 173

Assets Management Portfolio Marketing 173

The Big Picture

FEBRUARY 17, 2025

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. So to me that was the definition of uncorrelated asset. So we use the MSCI benchmark definition.

Investing 147

Investing Investments Economics Management 147

Random Roger's Retirement Planning

OCTOBER 29, 2023

Here I am talking not just portfolio management but overall lifestyle, habits and choices and yes this does filter into my day job managing investment portfolios. Here’s Barron’s and Barron’s telling us definitively to buy bonds and Bloomberg telling us with a little less conviction. “The

Insurance 96

Insurance Clients Math Portfolio 96

The Big Picture

AUGUST 29, 2023

But it was a tremendous experience because I had started off in bond trading, worked my way into portfolio management and running the bond indexing team for a number of years, and then I got asked to take this responsibility, which was much broader. DAVIS: We definitely saw a number of clients who started embracing money markets.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JANUARY 21, 2025

But yes, I was given my own column and by that point, having seen all these star managers come and go, you know, I had become an index fund devotee, and in column after column I banged the drum for index funds to the point where my editors were asking me, Hey, could you write about something else? 00:35:07 [Speaker Changed] No, absolutely.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. I, I can say that definitely works, but it doesn’t work for me. So you could definitely bury that. So, so you set to retire as portfolio manager this year, you mentioned your two successors. And the value line has all these statistical patterns. How big a position was this?

Management 264

Management Investing Investments Retail 264

The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. Barry Ritholtz : I definitely can see that, you know, the concept, I dunno if I’m stealing this from Zen Buddhism, but it’s the water flows, but the rigid tree breaks in the storm. Barry Ritholtz : So let’s start a little bit with your background.

Risk Management 147

Risk Management Banking Portfolio Distribution 147

The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. So, so you’re, you’re definitely channeling a little Farrell. 01:09:14 [Speaker Changed] Oh, rich, definitely.

Numbers 147

Numbers Management Banking Marketing 147

The Big Picture

APRIL 8, 2025

So, yeah, so fantastic memory, Barry, because that has been transformational as you know, indexing tax management, direct indexing, or the ability to customize our, you know, all demands and, and it’s a tech, it’s a very tech heavy business. It is, you know, definitely diamonds in the rough that we got. Remember that.

Asset Allocation 147

Asset Allocation Wealth Management Clients Assets 147

The Big Picture

JULY 15, 2024

Matt Eagan has spent his entire career in fixed income from credit analyst to portfolio manager. Now he’s the head of the discretion team at Loomis Sales, which manages well over $335 billion in client assets. I started out math and, and physics, and in high school I was a rock star in math and physics.

Portfolio 147

Portfolio Banking Management Portfolio Management 147

The Big Picture

MARCH 21, 2023

I was a fixed income portfolio manager and trader, which is a ton of fun. PIMCO out on the West Coast, read the first thing I wrote in the Journal of Portfolio Management. It definitely does. Of course, almost by definition, people want the darlings. So I think this can definitely be part of it.

Valuation 173

Valuation Investing Investments Numbers 173

The Big Picture

NOVEMBER 25, 2024

And I, and I really like the application of math and statistics and computer science to markets. Yeah, 00:10:11 [Speaker Changed] That’ll, that’ll definitely wake, 00:10:12 [Speaker Changed] Wake you the ice you up coffee. You learn the math that can help you with, with market making operations.

Portfolio 147

Portfolio Management Marketing Marketing 147

The Big Picture

APRIL 8, 2024

00:03:42 I wouldn’t put him as a mentor because I didn’t spend that much time with him, but he definitely influenced my career in a practical way that I think has served me very well ever since then. I’d been ranked i i back in the seventies, if you can do the math. He helps portfolio managers make sense of the world.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JULY 31, 2023

I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And that’s sort of the math. RITHOLTZ: Squishy? HOFFMAN: Yeah, it felt too squishy. RITHOLTZ: Really interesting. So let’s talk a little bit about Bill Ackman. He was right on the thesis.

Retail 130

Retail Government Economy Economics 130

The Big Picture

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 147

Math Marketing Marketing Engineering 147

The Better Letter

JANUARY 2, 2025

William Priest, chairman, co-chief investment officer, and a portfolio manager at TD Epoch, picked Meta (+66 percent), which handily beat the S&P 500, but his other four picks did not. The future is always imaginary, by definition. RELX earned 16 percent, but the other three did poorly.

Management 102

Management Marketing Marketing Economics 102