Barry Ritholtz

DECEMBER 28, 2022

ELLIS: Well, it starts with one very simple proposition, nobody is making a profit. Every other investment organization got a problem that somebody is taking money out of the pot every day, every month, every year as a profit. I start a business to make a profit. I’ll get bigger, I’ll make more profits.

Profit and Loss 75

Profit and Loss Investments Marketing Sales 75

Barry Ritholtz

OCTOBER 17, 2023

Some people look at a casino as entertainment and hey, we’re gonna spend X dollars, pick a number, 500, 2000, whatever it is. And they go on longer and longer and obviously more profitable for the states that run the lottery. But it makes a big, big difference to your long-term outcomes if you can just avoid those big losses.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

JULY 18, 2023

And four nights a week, we were out to dinner, entertaining customers, getting to know them, talking about the markets, and that was an incredible education for me. And it was the most profitable day of trading I’d ever had. RITHOLTZ: This is data, voice, communications no matter where you are on the globe. WAGNER: Right.

Investments 52

Investments Profit and Loss Restructuring Accounting 52

Barry Ritholtz

JANUARY 24, 2023

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. There was XO Communication and McLeod. You got 60 percent of losses ahead of you. RITHOLTZ: I recall. KLINSKY: Right.

Mergers and Acquisitions (M&A) 105

Mergers and Acquisitions (M&A) Investments Leverage Numbers 105

Barry Ritholtz

DECEMBER 14, 2022

And interestingly, I’m happy to come back to these things I learned in helping companies through mergers, particularly around things like communications and shareholder relations, and employee engagement that have now served me really well, couple decades later in my career. RITHOLTZ: Is that true? That’s amazing.

Mergers and Acquisitions (M&A) 64

Mergers and Acquisitions (M&A) Investments Construction Concentration 64

Barry Ritholtz

JANUARY 14, 2025

I mean you mentioned it earlier on, I mean, Cliff’s hilarious and 00:14:09 [Speaker Changed] He’s a funny guy and it’s rare to find someone who is a quants who can communicate as eloquently as he can and at the same time has such a devilish sense of humor. What’s keeping you entertained?

Investments 59

Investments Finance Profit and Loss Numbers 59

Barry Ritholtz

MARCH 12, 2024

And so, so we sort of felt pretty stupid for a while because we did a lot of losing trades in 2006 that were the, you know, that obviously didn’t come to fruition until the actual people could see the losses. So in mortgages, the borrower can stop paying maybe a year to two years before the lenders actually book a loss.

Profit and Loss 59

Profit and Loss Investments Marketing Securities 59

Barry Ritholtz

JULY 31, 2023

Ends up turning about $27 million of swap premiums into 2 billion plus in profit. The next quarter Netflix announced it’s like first subscriber, either slowing growth or loss, I don’t remember, and sort of kicked off this now two year kind of slow bleed of peak streaming. RITHOLTZ: The communication was bad also.

Treasury 52

Treasury Retail Economics Entertainment 52

Barry Ritholtz

NOVEMBER 19, 2024

I always found the traditional economic homo economist of humans as rational, calculating profit, maximizing actors as just complete contradiction of real life experience. But then your left brain and your right brain don’t really communicate anymore. So, 00:08:30 [Speaker Changed] So that’s really interesting to me.

Profit and Loss 64

Profit and Loss Math Finance Economics 64

Barry Ritholtz

FEBRUARY 20, 2024

The New York Fed is kind of, I don’t know how to say this first, amongst the regional feds, because you’re located right in the heart of the financial community. What is the communication like back and forth between the New York Fed and major players in finance, especially in the midst of a crisis like that? All right.

Treasury 59

Treasury Marketing Banking Economics 59

Barry Ritholtz

DECEMBER 24, 2024

These are ethically compromised executives who are just hell bent on increasing profits by any means necessary. I kind of think since Bezos left, the people who are there are just focused on how do we max out profitability and the hell with the user experience, which wasn’t what it felt like under Bezos. Its culture, its tactics.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Profit and Loss Retail Advertising 52

Barry Ritholtz

OCTOBER 24, 2023

It seems like the whole US National Institute of Health is designed for this information to bubble up to the top for a little command and control and communication. Profiteering fraud. It just, the, the, the profiteering really was utterly insane. Why the delay? That didn’t seem to happen. 00:14:45 [Speaker Changed] No.

Healthcare 59

Healthcare Manufacturing Leadership Profit and Loss 59