Brown Advisory

AUGUST 1, 2018

Berkshire’s book value growth is after tax, while the S&P Index return is pretax. That doesn’t deliver much real return, especially if you pay taxes. Buffett noted that the math of the buyback would get even better if Apple’s shares went down (but not its intrinsic value), something people often misunderstand.

Assets 52

Assets Investing Investments Insurance 52

The Big Picture

JUNE 6, 2023

So, I was sitting there reading Industry Standard, remember that magazine? And I was learning about money, reading all the books, all the magazines, watching the shows, and I was also studying social psychology. It’s much deeper than math. SETHI: Well, everybody thought they were a genius including me in 1999, 2000.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

APRIL 29, 2023

Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How New York and California Botched Marijuana Legalization : Steep taxes and heavy regulation are making it hard for licensed pot sellers to operate in some states, driving more producers and buyers to illegal outlets.

Math 277

Math License Startup Government 277

The Big Picture

JANUARY 21, 2025

You, you grow up in, in London, you graduate Cambridge and you start at Euro Money Magazine in, in London. And that’s when I decided to move to New York City and I joined Forbes Magazine as a glorified fact checker and immediately doubled my salary moving from London. Let, let’s get a little background for you.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

JANUARY 24, 2023

We had Ziff Davis magazines that we sold to Mr. Son and started Masayoshi Son’s career. I mean, if we really stretched 10 times net income, I think if we find the hot buyer, we can get the 10 times, you know, with no adjustments, no trickery after tax net income, that would be a great price for most businesses. KLINSKY: Yeah.

Investing 263

Investing Investments Numbers Banking 263

The Big Picture

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? He had been a tax lawyer. Interesting.

Numbers 147

Numbers Banking Investing Investments 147

The Big Picture

MAY 25, 2025

Where’s Your Ed At ) Americas Sports Betting Boom Is About to Backfire : For every dollar in gambling tax revenue, U.S. Wired ) We did the math on AIs energy footprint. states spend under a penny on problem gambling. The gaming industry spends even less. Millions of gamblers are at their mercy. Heres the story you havent heard.

Math 130

Math Government Taxes Sales 130

The Big Picture

APRIL 16, 2023

New York Times ) • The False Promise of Opportunity Zones : Tax breaks for investors don’t help poor communities. Just a $20 Tip : The Brutal Math of Uber Eats and DoorDash Delivery drivers were hailed as pandemic heroes. The sale netted the GOP megadonor two vacant lots and the house where Thomas’ mother was living.

Math 277

Math Government Taxes Sales 277

The Big Picture

AUGUST 23, 2022

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. And they said as a result of them earning zero, the $230 million of taxes that was paid in the previous year is paid in error and we’d like that money back. It is $2 billion on the ship.

Government 321

Government Banking Numbers Investing 321

The Big Picture

JULY 31, 2023

HOFFMAN: It was called “Wednesday Journal” and they ran a bunch of weekly newspapers and a monthly parenting magazine called “Chicago Parent” That was my, truly my first job was running, I was their web editor. 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.

Retail 130

Retail Government Economy Economics 130

The Big Picture

JUNE 20, 2023

She has worked at “Money Magazine”, “Forbes”, “Worth”, all over the place. You started as an assistant editor at Vogue Magazine in the late ’70s. RITHOLTZ: They just wanted to have a little, “Hey, let’s speak to women in our magazine.” Let’s talk about tax loopholes. MORGENSON: At Vogue.

Insurance 147

Insurance Healthcare Retail Medicine 147

The Big Picture

MAY 16, 2023

If you were interested in venture capital and you were on the East Coast, the only way you could learn anything was like fast money or I’m sorry, a fast company or wired magazine. He used to write at Smart Money Magazine. So this is the math that I applied. So think about this, do the math. RITHOLTZ: Right.

Media 290

Media Investing Investments Valuation 290

The Big Picture

APRIL 1, 2025

If he had done this in business, he’d be like on the cover of business magazines and giving lectures for money on the lecture circuit. He, like, he stopped doing math and science when he was like seven years old. I need your papers to get your taxes filed. He somehow figured out the problem and no one knew who he was.

Government 258

Government Engineering Media Investing 258