Barry Ritholtz

FEBRUARY 17, 2025

And so the way I came across finance is when I was in high school, I was applying for scholarships for college and I came across the Thomas Rex Smart Start Scholarship program that was run by Chase Bank. Within the investment bank. And I did a lot of options math, which I thought was interesting. 00:03:43 [Speaker Changed] Huh.

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Investments Economics Marketing Benchmarking 59

Barry Ritholtz

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. I lined up a bunch of job interviews with a variety of banks. So I got to know banks a little bit. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998.

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Investments Banking Advertising Numbers 119

Barry Ritholtz

SEPTEMBER 10, 2024

Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. So I was really investment banking. Second part of our framework is valuation fundamental work.

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Valuation Investments Economics Marketing 64

Barry Ritholtz

AUGUST 29, 2023

So when you think about what people are earning in their deposit accounts at their banks, and banks have historically been very slow to raise, very slow in terms of raising deposit rates because those deposits tend to be very sticky. DAVIS: Where international equities, because of valuations, probably 7% to 7.5%. RITHOLTZ: Yes.

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Investments Benchmarking Valuation Construction 52

PYMNTS

JULY 8, 2016

Now if we only knew the denominator and could do the math to see what those numbers really look like. They manage their downside by having access to SMB performance, given their relationship with them on a number of levels, and debit repayments directly from their bank accounts and at terms that range from 30 to 90 days.

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Valuation Math Manufacturing Numbers 40

CFO News Room

DECEMBER 17, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. In 2021, elevated equity valuations and relatively low bond yields led the researchers to suggest 3.3% And while Buffett was naturally gifted in math, he was initially scared of public speaking.

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Planning Education Investments Benchmarking 130

Barry Ritholtz

JANUARY 21, 2025

I was born in London and when I was three and a half, my father got a job for the World Bank in Washington DC So we all moved to Washington DC Then just before my 10th birthday, my father was posted to Bangladesh for four years. Barry Ritholtz : So you are from the uk but you’ve spent a lot of time in the us.

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Investments Finance Education Marketing 59

Barry Ritholtz

JUNE 18, 2024

I got the sense that, so Churnin takes 51% for a fairly modest valuation, 10 or $15 million. That, that gives Barstool a half a billion dollar valuation. 00:40:26 [Speaker Changed] They, they know, they know math, they know math. I think it’s a great book for 30 something men in investment banking.

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Entertainment Investments Math Advertising 59

Barry Ritholtz

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. It’s just math stick to it over long periods of time. Then the volatility and, and the valuation makes an enormous difference.

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Investments Valuation Numbers Math 52

Barry Ritholtz

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. 00:03:11 [Speaker Changed] Yeah, we started out, I started on banking, the two year banking program, which merchant banking was the group I was in.

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Investments Numbers Marketing Leverage 59

Barry Ritholtz

DECEMBER 12, 2023

And I was a math nerd as a kid. And Bank of America called me and said, would you like to be director of research and strategy? 00:24:08 [Speaker Changed] You, you want to do a preliminary sort and say, what would a good looking bank look like? If you can show me an equivalent bank that’s at an eight pe of course you can.

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Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

FEBRUARY 13, 2023

In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. And the ability to say, gosh, you know, there’s a lot of stuff in fixed income, that for a variety of reasons, central bank owns it, a pension fund owns it, insurance companies own it. RIEDER: Right. It has no value.

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Mergers and Acquisitions (M&A) Investments Marketing Education 59

Barry Ritholtz

MARCH 12, 2024

And we said, let’s just take a little detour here and make sure we understand the credit risk of these things before we sort of travel, start making markets and banking and, and, and really making these a core part of our business. There’s 00:14:11 [Speaker Changed] No money in that bank.

Profit and Loss 59

Profit and Loss Investments Marketing Securities 59

Barry Ritholtz

MAY 21, 2024

The transcript from this week’s, MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America , is below. They got bought by Bank America. And I think you will also, with no further ado, my discussion with Bank of America’s Savita. I’m kind of in intrigued by the idea of philosophy and math.

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Finance Marketing Numbers Investments 59

Barry Ritholtz

APRIL 8, 2025

Barry Ritholtz : So you leave Sanford Bernstein and then, which had really become Alliance Bernstein end up at Merrill Lynch, where eventually your same role Chief Investment Officer for Bank of America Merrill Lynch Wealth Management first, what did, was there still remnants of Mother Merrill when you joined post merger?

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Profit and Loss Numbers 59

Barry Ritholtz

JANUARY 7, 2025

So my dad was a diplomat for the World Bank, grew up in Nigeria, in Lagos, in Harare, Zimbabwe, and then in Hanoi, Vietnam. 00:24:49 [Speaker Changed] So let’s talk a little bit about valuation in the public markets. Does that valuation difference in the public markets extend to private markets as well? Where else?

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Valuation Investments Marketing Math 52

Barry Ritholtz

NOVEMBER 25, 2024

This was the era, 2005, 2006, all of my friends were looking to get banking roles. And I, and I really like the application of math and statistics and computer science to markets. And so we, we get this contract written and I go off to grad school assuming I would go work at a big bank doing sales and trading in some quant role.

Leverage 59

Leverage Investments Marketing Math 59

Barry Ritholtz

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. I think eventually it’s Dain Rauscher, which is now Royal Bank. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation. Is it about the valuation? RITHOLTZ: Okay. LINDZON: Who is this guy?

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Leverage Investments Valuation Marketing 116

Barry Ritholtz

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

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Math Marketing Treasury Valuation 59

Barry Ritholtz

OCTOBER 31, 2022

Now, this is — now, you’re going to China, China banks. SIEGEL: No, it’s more — no, it’s actually because the rise of interest rates has slowed down credit and it’s moved funds out of bank so much, that the liquidity is actually declining in the system. SCHWARTZ: This is like five P/E-type stocks.

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Investments Marketing Numbers Finance 59