The Better Letter

JANUARY 2, 2025

Wharton psychologist Philip Tetlock examined decades of predictions about political and economic events and found that “the average expert was roughly as accurate as a dart-throwing chimpanzee.” As should be obvious by now, we are monumentally poor at making predictions. Here’s the bottom line.

Management

Random Roger's Retirement Planning

FEBRUARY 23, 2025

In that event, I think doing better than the broad market probably just came down to luck in reiterates a point I should be making more often that fast declines, aka panics, aka crashes are not be feared anywhere near as much as slow declines which typically take much longer to recover.

Math

The Big Picture

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. But now the policy, you’ve stood up the policy and the program is there so that when an event like covid happens, you don’t have to throw 20, 30 million people into the ranks of the unemployed. I mean that was, that was the problem. And you’re right.

Economy

The Big Picture

JUNE 16, 2025

Yeah, you have to, you know, the conceit of finance is that basically the math is all there is to it. So you mentioned half math, half Shakespeare. Let’s talk about the math side. Ivanka said, oh no, you don’t have to be able to do math to do real estate 00:20:13 [Speaker Changed] Or investing for that math.

Math

FMG

JUNE 13, 2025

During our recent “ “ Make Your Event an Easy YES ” workshop, advisors shared so many creative and successful event ideas that we knew we had to package them up and share more broadly. These events give clients a natural reason to bring friends and family members, creating warm introductions in a relaxed setting.

Education

The Big Picture

JUNE 2, 2025

And when I went there I was gonna be a lawyer and I was gonna major in mathematics and I took my freshman year math and that all went great. And it turned out that half of that class had been the US National Math team and they had all competed internationally and they knew stuff I didn’t.

Economy

The Big Picture

NOVEMBER 23, 2024

New York Times Magazine ) • Wall Street Math Wizards Are Decoding Private-Market Returns : A small band of quants is shining a light into the shadowy world of unlisted assets. Washington Post ) but see Who Is to Blame for Inflation, 1-15 : The world is complex, and it is rarely (if ever) one causal factor driving economic events.

Food

The Better Letter

MARCH 18, 2025

Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 Motoyuki Mabuchi went all-in with four aces in the main event hand of the 2008 World Series of Poker but lost to Justin Phillips’ royal flush. quintillion.

Numbers

The Big Picture

FEBRUARY 17, 2025

And I did a lot of options math, which I thought was interesting. And, and he just points to so many different examples from history, philosophy, current events that really ties and brings to life that concept. 00:07:26 And then I moved on to the equities team afterwards. And I just learned a tremendous amount.

Investments

The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. In other words, the models assume a normal distribution of returns, but when you get into some kind of event, it’s no longer a normal distribution returns. So our strategies are equity, long, short, converts, credit event merger, volatility trading.

Risk Management

Abnormal Returns

MAY 13, 2024

investmentnews.com) Research The problematic math of passing down generational wealth. blogs.cfainstitute.org) How life events affect retirement planning. (riabiz.com) Creative Planning is exploring its custody options. riabiz.com) Archive Intel has entered the adviser communications archiving space.

Math

Abnormal Returns

NOVEMBER 9, 2022

evidenceinvestor.com) Aging Blair duQuesnay, "The math for accumulation and savings is very different from decumulation and spending." thomaskopelman.com) Younger generations are approaching marriage as a 'capstone event.' (wealthfoundme.com) Bear markets affect different classes of investors in different ways.

Math

The Big Picture

MAY 9, 2024

Always be wary of social media influencers who use engagement bait tactics to sell a course or event.” The Math Doesn’t Add Up ( Rolling Stone , January 24, 2024) How TikTok Is Wiring Gen Z’s Money Brain ( WSJ , May 4, 2024) _ 1. ” Then there is this brilliant and simple strategy: All you need to do is make 2% a day!

Media

The Big Picture

AUGUST 12, 2024

~~~ Talking about the future requires a lot more humility than most of us on Wall Street seem to possess; we don’t know what the future will bring we have no idea of the random events that occur to derail our overconfident forecasts.

Economy

Alpha Architect

DECEMBER 29, 2023

The world is complex and ever-changing; news travels at warp speed, events happen fast, and popular narratives can distract and mislead us. Many risks important for our portfolios are new, hidden, or nuanced in some underappreciated way—and likely to be misunderstood and mispriced in the markets. Other risks can hide in plain sight.

Math

Random Roger's Retirement Planning

FEBRUARY 24, 2024

In the case of real estate a 2.29% weighting and for "private equity" companies it's about 17 basis points (looked at XLF holdings and then did a little math), that's just not going to move the needle. Mistakes during those types of events are what managing portfolios is all about. Bonds might be valid but are far from optimal.

Math

Clever Girl Finance

JULY 13, 2022

If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Event planning. Tying into the ideas above, event planning is another industry that involves a ton of multitasking and coordinating details. Or you can focus on other types of events. Bookkeeping and accounting. Photography.

Food

Clever Girl Finance

AUGUST 14, 2022

You'll learn how to rethink your finances, save intelligently, and spend guilt-free for big events. By the time your event arrives, you're not scrambling to pay for everything because you're well prepared. It's not just for parties and events, though! Ready to learn more? Let's dive in. What are sinking funds? Omni calculator.

Budgeting

Random Roger's Retirement Planning

JULY 17, 2022

There's other math about outperformance but also the observation that momentum is prone to crashes. The current event, rolling over slowly is more typical of bear market behavior as opposed to the crash in 2020. One interesting nugget from the paper is that dramatically improving momentum only resulted in an increase to beta of 0.2%.

Math

The Irrelevant Investor

MARCH 18, 2020

The math behind lump sum over dollar-cost averaging has been settled, but this is a time where emotions matter more than spreadsheets. We have come out of all of these events stronger than ever, and we will do so today. It doesn't matter when you buy, only that you buy. Bear markets all have one thing in common, they end.

Math

Cornerstone Financial Advisory

JANUARY 8, 2024

Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim.

Marketing

Darrow Wealth Management

SEPTEMBER 7, 2023

When a pre-IPO exercise is off the table At Darrow Wealth Management, we specialize in planning for a sudden liquidity event , typically from stock options following an IPO or acquisition. For individuals expecting a sudden wealth event, sometimes the potential for tax savings causes employees to lose sight of the bigger picture.

Wealth Management

Clever Girl Finance

FEBRUARY 6, 2023

The term personal finance ratios might be giving you flashbacks to math class. Emergency fund ratio Formula: Essential monthly expenses x 6 An emergency fund exists to protect you in the event of unexpected expenses or income loss. Okay, you’ve just gone through a lot of math—take a breath! million to retire with confidence.

Numbers

Random Roger's Retirement Planning

MARCH 20, 2023

Certain VIX products have blown up by 5 or 6 sigma events. The way the math works, a 67% allocation to NTSX (Portfolio 2 with 33% in the T-bill ETF) equals 100% in Vanguard Balanced Index Fund (VBAIX) which is a proxy for 60/40 and Portfolio 3. The WisdomTree Efficient Core ETF (NTSX) was early to the capital efficient space.

Assets

Good Financial Cents

MARCH 15, 2023

Event Planner 15. You must also possess solid math and cash-handling skills and be able to multitask. Event planners must have strong organizational and time management skills, as they must be able to juggle multiple tasks at once. Call Center Manager 7. Customer Service Representative 8. Community Service Manager 9.

Communication

The Big Picture

SEPTEMBER 7, 2022

MARTIN: — all sorts of — all sorts of unfortunate events. I understood then that, effectively, fair value was determined by a variety of mathematical — a bunch of math, for lack of a better description. RITHOLTZ: That’s interesting. So there will always be an exchange at the corner of Wall and Broad.

Communication

Good Financial Cents

FEBRUARY 8, 2023

Become an Event Photographer 28. Tutoring If you’re a whiz at math, science, or English, you can tutor students in your community who need to improve their grades. Almost any subject qualifies, but math, science, and English are usually the most in demand. You might charge a flat fee to attend the event, like $30 or $40.

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Mr. Money Mustache

APRIL 18, 2021

Many teachers are already using this system to “flip the classroom”, and my own boy and I used Khan Academy to help him cover second through eighth grade math in only a month. CodeParade – great bits of coding, math, and graphics combined. That’s how efficient video learning can be!

Education

Clever Girl Finance

JULY 6, 2023

Bookkeeping and accounting If you liked math in school and have a knack for numbers, you might make a great bookkeeper. Photography The money in photography is mostly in events like weddings , and it can be a difficult industry to enter. Or you can focus on other types of events.

Clients

Random Roger's Retirement Planning

JULY 14, 2022

A proxy for high yield bonds with maybe less credit risk in the face of some sort of future credit event? For the last ten years it's down about 13% but adding even just 6% per year back in for dividends, 60% total using simple math is a total return of 47% or 4.7% Is that what we're seeing? And if it is, is that compelling?

Portfolio

Clever Girl Finance

OCTOBER 20, 2022

Figuring out how to calculate liquid net worth is as simple as doing a quick math equation: Liquid assets - liabilities = liquid net worth. Don't worry—there is an answer to the question, "What is my liquid net worth" that doesn't involve solving math equations. Can be transferred easily and securely. How to calculate liquid net worth.

Assets

Brown Advisory

MAY 31, 2018

STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front. China’s proactive steps are particularly notable at a time when U.S.

Startup

Brown Advisory

MAY 31, 2018

STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front. China’s proactive steps are particularly notable at a time when U.S.

Startup

Clever Girl Finance

JUNE 5, 2023

This unfortunate turn of events may lead to higher stress levels and anxiety surrounding your career. Make sure you have done the math. Having a toxic boss can have a negative impact on your health, leading to higher levels of heart disease. But it doesn’t end there. Quitting your job to spend time on your own business is a savvy move.

Planning

Random Roger's Retirement Planning

JUNE 29, 2022

Turns out the math checks out using Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 equities/fixed income portfolio and the Guggenheim Managed Futures Strategy Fund (RYMFX). in that same 2018 event. percentage points. A 20% allocation to systematic trend, aka trend following aka managed futures, was only a 1.45% drag?

Math

The Better Letter

MARCH 14, 2024

On the opening days of the tournament (Thursday and Friday), CBS hosted an event with food and live feeds from every tournament game. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 quintillion.

Numbers

Clever Girl Finance

AUGUST 10, 2022

Unexpected life events can cost serious money, and often there’s a pretty tight timeframe to cough up the goods. First, figure out which age range or topic you want to teach (for example, math, flute, or biology). There are few things worse than needing access to cash but not knowing where it’s going to come from.

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