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Dollars Are For Spending & Investing, Not Saving

The Big Picture

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.,

Investing 337
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Transcript: Linda Gibson, CEO PGIM Quantitative Solutions

The Big Picture

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?

Math 130
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Transcript: Marcus Shaw

The Big Picture

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.

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Transcript: Ilana Weinstein

The Big Picture

.” 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.

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Transcript: Gretchen Morgenson

The Big Picture

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.

Insurance 141
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Transcript: Jeremy Siegel + Jeremy Schwartz

The Big Picture

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?

Numbers 141
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Transcript: Bill Browder

The Big Picture

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.