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Decision making Barry Ritholtz, "There is an endless assortment of ways to make mistakes that hurt your portfolio." ritholtz.com) Not every problem can (or should) be solved by math. healthcaredive.com) Medicine Eli Lilly ($LLY) reports positive results for a daily weight loss pill.
That comp gets deposited directly into my bank account, and that money is available for purchasing necessities (food, housing, clothing, medicine, transportation, etc.) Whether it’s a few decades or a century, the math works the same. Instead of cherry-picking the S&P 500, what about a simple 60/40 portfolio (e.g.,
Morgan Housel Finance types tend to focus on attributes like intelligence, math skills and computer programming. We’re going to discuss how to make sure your behavior is not getting in the way of your portfolio. I think one analogy here would be think about health and medicine. Morgan Housel : That’s right, Barry.
She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?
In 2019, submitting a hastily filled in bracket – and under the influence of cold medicine – Nigl predicted the first 49 games of the tournament correctly (into the Sweet Sixteen) before seeing his streak snapped. It applies to your personal portfolio, too. quintillion.
.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. Now HBS I think is 52 or 53 percent.
I look for people that have done extracurricular work, or you know, manage their own little portfolio, or have stock ideas or businesses ideas that they want to pitch. RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? But really, even that experience was about building great friends that I played football with.
00:31:40 [Speaker Changed] So there’s the emotions and then there’s the math, right? I, you know, I, I do do the math when I, when I do some of my, my chats with the younger folks on the, on the team and I say, okay, real growth inflation term premium, you see this thing, it’s been zero or negative for the last 15 years.
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. The currency devalued by 75 percent and my portfolio, which was above $1 billion, went down 90 percent. And this had an unbelievably positive affect on the value of my portfolio.
But the doctors that I have spoken to in emergency medicine say that’s absolutely not the case. MORGENSON: This is a $64 trillion question, Barry, and I would love for you to ask every State Attorney General, for instance, why haven’t you gone after for-profit medicine? We’re going to help you make more money.
RITHOLTZ: So I said something at an event where I had said to a group of young people, hey, if you’re in your 20s, 30s, 40s, you really don’t need bonds in your portfolio. You go even further than that and say, “Most portfolios could be fine if they’re equity only.”. SIEGEL: Yeah. RITHOLTZ: “The Deep Places,” is that it?
I mean, the pandemic brought that if, if you didn’t know that before the pandemic, you sure found out about it when we ran out of, you know, everything medicine, right? I do the math. It’s that there’s a sort of portfolio rebalancing, and I, I, I would put it to you this way, we’ve talked a lot about Walmart.
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