Remove high-net-worth what-happens-trust-assets-when-bank-fails
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Transcript: Anat Admati

The Big Picture

It turns out their business model is a little similar to the way the banking industry has managed to capture a lot of regulators and continue to operate fairly freely without this sort of regulation and capital requirements and equity requirements that would make banking safer. I was good in math and I love the math. RITHOLTZ: Right.

Banking 195
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Transcript: Julian Salisbury, GS

The Big Picture

What can I say about Julian Salisbury? He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. What was the original career plan? So I got to know banks a little bit.

Assets 286
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Transcript: Kristen Bitterly Michell

The Big Picture

They run over $800 billion in client assets, and Kristen’s group, the North American Group, is responsible for about half of the revenue that that massive organization generates. What led you to this area? It was at Bank One, at the time. Her name is Kristen Bitterly Michell. So you have really very interesting background.

Clients 286
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2019 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

The course is more how to think than what to think. of the Apple shares outstanding), Bank of America (9.5%), Wells Fargo (9.8%), Coca-Cola (9.4%), American Express (17.9%) and Kraft Heinz (26.7%). Munger added, “When buying back stock gets really obvious, they will be very good at it.”

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2019 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

The course is more how to think than what to think. of the Apple shares outstanding), Bank of America (9.5%), Wells Fargo (9.8%), Coca-Cola (9.4%), American Express (17.9%) and Kraft Heinz (26.7%). Munger added, “When buying back stock gets really obvious, they will be very good at it.” Background on Berkshire Hathaway.

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Transcript: Graeme Forster, Orbis Investments

The Big Picture

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. What is that?

Investing 130
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Rich vs. Wealthy: What’s the Difference?

Good Financial Cents

When I was in high school, there was a kid in my class who I definitely *thought* was rich. He also drove a brand new Dodge Stealth when he was just 16-years-old, which is pretty over-the-top when you think about it. With this in mind, I still want to nail down what it means to be rich vs. wealthy in the United States.

Investing 109