The CFO College

MAY 12, 2021

” The answers to these questions give you a benchmark for success. Many people make room in the budget for travel, clothes, and entertainment. The better questions to ask of a program developer would be “What should I expect to see in ROI? And how quickly will I see that ROI if I invest in your program?”

Education 52

Education CFO Accounting Investments 52

Spreadym

JUNE 8, 2023

This includes fixed expenses like rent/mortgage payments, utilities, and insurance, as well as variable expenses like groceries, transportation, entertainment, and discretionary spending. Validate and Refine: Validate the forecasted results by comparing them with industry benchmarks, market research, or other sources of information.

Forecasting 52

Forecasting Budgeting Planning Risk Management 52

Barry Ritholtz

AUGUST 29, 2023

They create the benchmark. So when there’s a major turnover like that that happens, you always have the option, “Hey, can you do it exactly on the time that it enters the benchmark? And 87% of our active fixed income funds have outperformed their benchmarks on a three year basis against their benchmarks.

Investments 52

Investments Benchmarking Valuation Construction 52

Barry Ritholtz

MAY 9, 2023

What’s been keeping you entertained? I spend a lot of time either individually one-on-one with people or talking to our different investment teams around talent and cultivating talent and building culture within the businesses. SALISBURY: My two favorite shows at the moment are “Ted Lasso” and “Succession” very different shows.

Investments 119

Investments Banking Advertising Numbers 119

Barry Ritholtz

NOVEMBER 14, 2023

They might have, you know, risk parameters, they might have liquidity needs, they might wanna track a benchmark. Starting with, Hey, what kept you entertained during the lockdown? What whatever, whatever audio, video is entertaining you. Entertaining. They might wanna just absolute return. They might want real return.

Math 52

Math Investments Leadership Entertainment 52

Barry Ritholtz

OCTOBER 24, 2022

NORTON: Concentrated portfolios or willing to stick our necks out and look different than a benchmark. And I think it’s still — it’s always I think going to be embedded in the community because when you’re wrong and you weren’t close to the benchmark, it’s incredibly costly. NORTON: Okay.

Investments 52

Investments Valuation Benchmarking Marketing 52

Barry Ritholtz

SEPTEMBER 19, 2023

Interestingly enough, there’s only, you know, a handful of validators actually benchmark themselves to real returns. So you may see portfolios change as a result of, of benchmarking. What kept you entertained during the pandemic? So how do we think about real returns when discussing fixed income? And I think Oh, really?

Investments 59

Investments Math Risk Management Benchmarking 59

Barry Ritholtz

SEPTEMBER 12, 2022

And we do a lot of research in this area, and we provide a lot of information both in terms of networking opportunities for family offices, as well as family offices recognizing kind of their own benchmarking, right? What did you do to entertain them? So data around what are other family offices doing? How are they set-up?

Investments 119

Investments Marketing Profit and Loss Banking 119

Barry Ritholtz

SEPTEMBER 3, 2024

So what do you use as a benchmark for the large cap fund? 60% of small cap is indexed versus 50% in large cap and more small cap managers are beating their benchmark than large cap managers. Starting with what’s been keeping you entertained these days? 00:27:54 [Speaker Changed] That, that’s really interesting.

Investments 59

Investments Valuation Concentration Marketing 59

Barry Ritholtz

AUGUST 29, 2022

BALCHUNAS: … because if you look at any study, the lowest cost active funds beat their benchmarks way more. Had they shared a little bit of it, they still would’ve made tons of money and they would’ve been able to bank goodwill, lower the fees, and increase their beat rates against the benchmark because their fees are now lower.

Profit and Loss 69

Profit and Loss Marketing Investments Benchmarking 69

Barry Ritholtz

FEBRUARY 6, 2024

Its index and its benchmark. What’s been keeping you entertained either video or audio? 00:43:55 [Speaker Changed] I, I don’t, I don’t imagine that anyone’s gonna listen to a couple of dozen podcasts and suddenly begin to outperform the benchmark. a year, way over both. Morningstar five star gold rated.

Valuation 52

Valuation Investments Finance Math 52

Barry Ritholtz

OCTOBER 31, 2023

00:15:29 [Speaker Changed] That’s your benchmark, correct? Starting with what’s keeping you entertained these days? I got, you know, it’s my, it’s my treadmill entertainment, so I’m slowly catching up and, and then the one that I watched recently that I absolutely loved was The Bear. All right.

Investments 64

Investments Marketing Numbers Valuation 64

Barry Ritholtz

MARCH 7, 2023

The hedge fund industry, generally, is outperforming their benchmarks. Tell us what you did to stay entertained during the lockdown and afterwards. 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. What were you streaming?

Investments 69

Investments Marketing Risk Management Economics 69

Barry Ritholtz

FEBRUARY 13, 2023

And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm. There is alpha.

Mergers and Acquisitions (M&A) 59

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

Barry Ritholtz

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. Some people look at a casino as entertainment and hey, we’re gonna spend X dollars, pick a number, 500, 2000, whatever it is. For 50 years. This is a step change.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

OCTOBER 21, 2024

Their benchmarks were down. What’s been been keeping you entertained? Really, there are a few people in the world who have a better sense of distress, asset credit, real estate, and how to not only do the fundamental research, but tactically trade around the positions. They were down 3.8%.

Investments 59

Investments Numbers Marketing Leverage 59

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. And so it is important that at least you’re able to entertain that. I found this conversation to be both interesting and surprising.

Concentration 69

Concentration Valuation Marketing Investments 69

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? It’s just entertainment.

Investments 52

Investments Benchmarking Marketing Treasury 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 105

Benchmarking Concentration Investments Profit and Loss 105

CFO News Room

FEBRUARY 2, 2022

CONROD: I — I think the — in this low interest rate environment people are looking for yield and income, and how do they — they have a — they have a benchmark. What — what’s keeping you entertained? RITHOLTZ: What else are you seeing that’s different than five years ago besides the impact of technology? RITHOLTZ: The Serpent.

Investments 100

Investments Economics Numbers Marketing 100

Barry Ritholtz

JULY 24, 2023

In 2015, Bill Gurley at Benchmark was saying Silicon Valley is in a bubble. Let me jump to my favorite questions that we ask all of our guests, starting with tell us what you’re paying attention to these days in terms of entertainment. What’s entertaining the family? Netflix was the best performing stock last decade.

Marketing 52

Marketing Construction Valuation Investments 52

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. Not too bad then.

Investments 59

Investments Communication Benchmarking Technology 59

Barry Ritholtz

AUGUST 16, 2022

RITHOLTZ: And last question about the various teams, does everybody have a different benchmark? RITHOLTZ: Let’s jump to Our favorite questions that I asked all of our guests, starting with tell us what kept you entertained during the pandemic. How do you track performance? TROPIN: Yeah. RITHOLTZ: We’re glad to hear it.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

Barry Ritholtz

MARCH 14, 2023

You know, if you look at the data, they say, oh, we’re active managers, but maybe they changed duration from 92 percent of benchmark to 94 percent of benchmark duration. RITHOLTZ: I mean, you didn’t do great bonds, but you didn’t do as bad as the benchmark — BERNSTEIN: Absolutely. RITHOLTZ: Right.

Quantitative Analysis 64

Quantitative Analysis Investments Valuation Marketing 64

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.

Investments 59

Investments Marketing Concentration Economics 59

Musings on Markets

OCTOBER 28, 2024

As a consequence, the fund invests a significant proportion of its money in Saudi-based businesses in aviation, defense, entertainment, tourism and sports. In the context of SWF, one reason that Norges has been able to deliver above-benchmark returns is because its executive board is insulated from government interference.

Investments 68

Investments Profit and Loss Benchmarking Accounting 68

Barry Ritholtz

NOVEMBER 21, 2023

You know, I think of like a Mike Spies or at Sutter Hill, you know, a Martine Cado and Andreessen, you know, Gurley when he was at Benchmark. It’s 00:52:47 [Speaker Changed] A tough benchmark to beat. What’s keeping you entertained these days? There are world class partners of ours in Silicon Valley. So terrific.

Investments 98

Investments Marketing Startups Accounting 98

Barry Ritholtz

NOVEMBER 15, 2022

And I literally just started putting adjectives and nouns on piece of paper, trying to figure out like how do I describe the work that I think I should be doing, and that hopefully, people find at least entertaining, if not valuable? It seems like an easy one, but there’s a lot of missed benchmarking that goes on.

Finance 111

Finance Investments Marketing Math 111

Barry Ritholtz

OCTOBER 28, 2024

And when you’re doing it without it, without it, it the form it is quite a good benchmark. We know that we are in the entertainment industry. What keeps you entertained? Some are basically you pump fresh oxygen in your body to fill your lungs and, and that basically doubles your, your time underwater holding your breath.

Investments 59

Investments Profit and Loss Numbers Entertainment 59

Barry Ritholtz

MAY 21, 2024

And it’s gotten ver like the average active fund has gotten closer and closer to the benchmark over the last five years. But like, I want to be entertained and come away with like, ah, 01:05:25 [Speaker Changed] That was a positive feeling. I loved White Lotus. That’s next level everybody says is great.

Finance 59

Finance Marketing Numbers Investments 59

Barry Ritholtz

JANUARY 14, 2025

They can’t trade other asset classes, they can’t, you know, utilize any kind of sophisticated investment techniques to try to beat that benchmark portable alpha, get rid of all of those constraints. What’s keeping you entertained? One is the manager can only overweight and underweight stocks in the index.

Investments 59

Investments Finance Profit and Loss Numbers 59

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. Starting with what’s keeping you entertained these days? You know, Lee Child’s entertaining. 01:17:31 [Speaker Changed] Le Lee Child is entertaining. 00:15:34 [Speaker Changed] Huh. All right.

Treasury 59

Treasury Marketing Banking Economics 59

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. Tell us what’s keeping you entertained these days?

Investments 59

Investments Marketing Banking Benchmarking 59

Barry Ritholtz

OCTOBER 17, 2023

In this reality, the primary task of these platforms is not about idealism or even entertainment — it is about extracting as much revenue as possible from human vanity, avarice, and narcissism. ( Home Sales on Track for Slowest Year Since Housing Bust Source: Wall Street Journal Sign up for our reads-only mailing list here.

Benchmarking 64

Benchmarking Entertainment Healthcare Sales 64