Barry Ritholtz

AUGUST 26, 2022

What he saw stunned him: The previous broker outsourced much of his asset management to third-party managers; Digging into the specifics he was gobsmacked by the details: Sub-$1m accounts charged 1.25% for a high turnover, actively managed SMA which lagged its benchmark by a few 100 basis points.

Concentration 141

Concentration Benchmarking Investments Accounting 141

Barry Ritholtz

DECEMBER 12, 2023

Over his 32-year tenure, the fund has beaten 100% of peers, and outperformed the Russell 2000 benchmark by 3.49% annually, and has more than doubled the performance of the S&P 500. Now, a year into the AI era brought on by ChatGPT, it’s finally making a big move. (

Profit and Loss 52

Profit and Loss Concentration Benchmarking Retail 52

PYMNTS

JUNE 22, 2020

Sotheby’s held only online jewelry auctions during the lockdowns, which “set new benchmarks” for such sales, the auction house said, per a report in a trade publication. Now we’re going to take a smaller storefront and concentrate more online. The first live event is set for this week. Part of that is due to the lack of foot traffic.

Sales 54

Sales Concentration Benchmarking Planning 54

CFO Share

JANUARY 26, 2024

By selecting 5-8 KPIs, your force the business to concentrate activity around those key accomplishments. Consider industry benchmarks or standards to ensure alignment. KPIs influence employee behavior, highlight areas of success, and identify potential issues that need attention. Yet there are hundreds of KPIs to choose from!

Foreign Exchange 52

Foreign Exchange Concentration Benchmarking Prioritization 52

The Finance Weekly

JULY 14, 2024

It extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future. That’s exactly how Long-range Planning (LRP)works – not only for individuals but for businesses as well.

Planning 52

Planning Leadership Budgeting Financial Analyst 52

The Finance Weekly

NOVEMBER 27, 2023

This measure aids in predicting future profits and establishing profitability goals and benchmarks. For long-term success, concentrate on KPIs that guide your overall strategy. Net Profit Margin Net profit margin reveals the percentage of your revenue that becomes profit.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

VCFO

MARCH 30, 2023

A good place to start is benchmarking yourself against your competition. If a company’s offerings are so niched or concentrated, what happens if demand shifts suddenly or consistently over time for that offering or set of offerings? Anyone with thoughts of selling their business within five years would be wise to get to work now.

Valuation 86

Valuation SAP Concentration Benchmarking 86

PYMNTS

JUNE 9, 2020

Here’s how it works: The user measures carbon dioxide concentration by breathing into a handheld device, which resembles an oblong remote control device. But as we only started selling online a few months prior to the pandemic (we were out of stock prior), it is harder to benchmark what it would be like without the situation.

Concentration 52

Concentration Benchmarking Marketing Numbers 52

Future CFO

AUGUST 18, 2023

This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning. "We In the finance function, basic accounting processes like accounts payable, payroll and purchasing are often allocated under the shared services model.

Finance 52

Finance Communication Accounts Payable Invoicing 52

CFO News Room

DECEMBER 26, 2022

10 Key Performance Indicators For Financial Advisory Firms To Compare With Industry Benchmarking Studies – Industry benchmarking studies can be a valuable tool for advisory firm owners to make better business decisions. The key point is that firm owners can use benchmarking data to better understand how they can improve their business.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

Barry Ritholtz

SEPTEMBER 3, 2024

I think actually if you go public, there tends to be a more of a concentration in owners holding founder 00:17:41 [Speaker Changed] Stock. 00:23:35 [Speaker Changed] I mean very concentrated portfolios and long-term perspective. 00:23:48 [Speaker Changed] So, so when you say concentrated, how concentrated is concentrated?

Investments 57

Investments Valuation Concentration Marketing 57

Spreadym

MAY 31, 2023

These goals provide a clear direction for the organization and serve as benchmarks for measuring progress. Operational planning , on the other hand, has a shorter time frame and concentrates on the immediate or near-term activities that need to be carried out to achieve the strategic objectives.

Strategic Planning 52

Strategic Planning Planning Performance Measuring Budgeting 52

PYMNTS

SEPTEMBER 25, 2017

smartphone owners now download a grand total of zero apps per month, and most new app downloads are (unsurprisingly) concentrated in the millennial demographic. Google reportedly benchmarks its own malware-fighting capabilities against third-party products designed for the same purpose. More than half of U.S.

Concentration 67

Concentration Benchmarking Securities Currencies 67

Barry Ritholtz

AUGUST 20, 2024

And the advice that he gave to David Einhorn about it that helped lead Einhorn to start really kicking the benchmark’s butt again for the past couple of years. It’s, it’s double concentrated risk. They are too concentrated relative to that. I found this conversation to be both interesting and surprising.

Concentration 67

Concentration Valuation Marketing Investments 67

CFO News Room

NOVEMBER 28, 2022

Another area where advisor expertise can add value for clients is in the decision-making process surrounding employee stock options or an otherwise concentrated stock position.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

Barry Ritholtz

JUNE 7, 2023

Not to be like the Grim Reaper, but the reality is, if you’re not a multi manager and you’re not aggressively managing market risk, then you fall into the category of a long, short single manager that probably takes concentrated, more concentrated directional risk. It doesn’t matter what your strategy is.

Investments 109

Investments Concentration Profit and Loss Economics 109

Barry Ritholtz

OCTOBER 24, 2022

NORTON: Within Morningstar Investment Management, we are very much high conviction investors probably — RITHOLTZ: Meaning concentrated portfolio? NORTON: Concentrated portfolios or willing to stick our necks out and look different than a benchmark. And we’ve learned some hard lessons that way.

Investments 52

Investments Valuation Benchmarking Marketing 52

Barry Ritholtz

FEBRUARY 6, 2024

Its index and its benchmark. Whereas the ETF is designed to be a more straightforward s and p 500 US only equity strategy 00:29:26 [Speaker Changed] And it’s concentrated 35 large cap stocks. I think right now, just in a market cap sense, market concentration, there are a lot more growth stocks. a year, way over both.

Valuation 52

Valuation Investments Finance Math 52

Barry Ritholtz

DECEMBER 12, 2023

He has absolutely crushed his benchmark over that period. He’s crushed the Russell 2000, whatever benchmark you want to talk about. You’re 34th, you’re retiring after 34 years and you trounce what’s really the more appropriate benchmark, I would assume the Russell 2000. a year since 1989. Much better.

Benchmarking 104

Benchmarking Concentration Investments Profit and Loss 104

PYMNTS

AUGUST 21, 2017

million from Benchmark Capital and changed its name to eBay. billion people a day hanging out on Facebook could increase those odds — attracting eBay buyers that might not have ever considered them an option and sellers who might be intrigued by the possibility of being seen by the largest concentration of human beings ever assembled online.

Advertising 51

Advertising Retail Startups eCommerce 51

Future CFO

AUGUST 14, 2023

The advisory firm noted that it surveyed 249 senior enterprise risk executives in May 2023 to provide leaders with a benchmarked view of 20 emerging risks for enterprises.

Concentration 52

Concentration Benchmarking Auditing Economics 52

Barry Ritholtz

MARCH 7, 2023

The hedge fund industry, generally, is outperforming their benchmarks. RITHOLTZ: I’m glad you brought that up because if you look at hedge fund performance before the financial crisis, there’s a lot of alpha generators. I mean, not just the top decile, as a group, they seem to have done very well.

Investments 67

Investments Marketing Economics Risk Management 67

Barry Ritholtz

SEPTEMBER 12, 2022

And so, while you can see that concentration in markets, and sales, and trading, once I started really working with our private bank in a meaningful way, I was then able to lead teams of investment counselors and investors. RITHOLTZ: Right. It was impacting natural resources. And — and you saw these …. RITHOLTZ: Right.

Investments 117

Investments Marketing Profit and Loss Banking 117

Barry Ritholtz

AUGUST 15, 2023

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? 14, 15% a year? RITHOLTZ: Right.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52

Musings on Markets

AUGUST 15, 2023

Arbitrage pricing : Arbitrage refers to the possibility that you can create risk-free positions by combining holdings in different securities, and the benchmark used to judge whether these positions are value-creating becomes the risk-free rate.

Investments 83

Investments Currencies Treasury Hurdle Rate 83

Barry Ritholtz

JULY 29, 2024

So 00:09:10 [Speaker Changed] I know Orion for many years because from the RIA perspective, from a registered investment advisor perspective, clients want to know how their portfolios are doing, what their performance is, both in absolute terms and relative to benchmarks. And something that Orion’s a big part of.

Investments 57

Investments Communication Benchmarking Technology 57

Barry Ritholtz

MARCH 26, 2024

00:18:13 [Speaker Changed] When markets are going up, the benchmark is either an index like the s and p 500 or you know, someone you know that’s making even more money than you are. But it’s amazing how quickly the benchmark turns into cash or a positive return when markets are going down. Not every day, not every week.

Investments 57

Investments Marketing Concentration Economics 57

Barry Ritholtz

AUGUST 16, 2022

RITHOLTZ: And last question about the various teams, does everybody have a different benchmark? TROPIN: I mean, you know, there were equity hedge funds that were pretty levered, that had pretty highly concentrated, you know, growth bets, and a lot of technology companies and so on. How do you track performance? TROPIN: Yeah.

Profit and Loss 119

Profit and Loss Foreign Exchange Valuation Investments 119

Barry Ritholtz

OCTOBER 13, 2023

Morgan found that, from 1980-2020, around 40% of the time a concentrated position in a single stock experienced negative absolute returns. Orbis deploys a unique fee arrangement , where they are only paid a fee when they outperform their benchmark and refund fees to clients when they underperform. Recall J.P. Can It Be Done Again?

Benchmarking 52

Benchmarking Concentration Advertising Investments 52

Barry Ritholtz

JUNE 30, 2024

By virtually every benchmark, in fact, we’re exceeding growth expectations. The stock market’s concentration, in one chart Source: Axios Sign up for our reads-only mailing list here. ~~~ To learn how these reads are assembled each day, please see this. economy are often at odds with reality. In reality, the U.S.

Math 57

Math Concentration Benchmarking Valuation 57

Barry Ritholtz

DECEMBER 26, 2023

Here’s how I would identify a core along you, you first and foremost, you identify what your benchmark is, how are you measuring your performance? And you take your absolute price. And if the absolute price is trending up along with the relative price, that’s where you look for core alongs. So large caps become big caps.

Marketing 62

Marketing Leadership Finance Investments 62

Barry Ritholtz

JULY 15, 2024

They take a benchmark in that case, the aggregate index is by bar the, the most common one used. Let, let’s allow you to do more and have a wider degree of risk and off benchmark in your sector. The young constraint typically does not have a benchmark. We tend to be concentrated in those. That was one aspect of it.

Investments 57

Investments Marketing Banking Benchmarking 57

Barry Ritholtz

FEBRUARY 20, 2024

And, and since then, you, you’ve gone on to do some work reforming L-I-B-O-R as the benchmark for rates. I think there are definitely commercial banks that are gonna have trouble due to their concentrated commercial office building portfolio. 00:15:34 [Speaker Changed] Huh. Ma makes a lot of sense.

Treasury 57

Treasury Marketing Banking Economics 57