Barry Ritholtz

SEPTEMBER 10, 2024

In doing so, I thought this conversation was really quite fascinating, and I think you will also, especially if you’re not only interested in equity, but curious as to how to combine various aspects of market functions, valuation, economic cycle, fed actions into one coherent strategy. But generally starts with the economic cycle.

Valuation 63

Valuation Investments Economics Marketing 63

Barry Ritholtz

MARCH 7, 2023

Maria Vassalou has a fascinating history and background, London School of Economics to Columbia School of Business, where she actually was a professor for over a decade, and started consulting to the hedge fund and financial services industry. At the same time, we are going through tectonic changes in the world economic order.

Investments 68

Investments Marketing Economics Risk Management 68

Barry Ritholtz

DECEMBER 19, 2023

00:21:47 [Speaker Changed] And a lot of funds that have found success seem to have run some pretty concentrated portfolios. 00:22:29 [Speaker Changed] So less concentrated exposure. 00:38:26 [Speaker Changed] So if I say to you, US has been really strong economically and Japan has been doing well, but Europe has been limping along.

Healthcare 63

Healthcare Investments Construction Concentration 63

Barry Ritholtz

SEPTEMBER 12, 2022

And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. You have a background, undergraduate, your economics degree from Notre Dame, but you were dual-major Spanish language and Literature degree, how useful was that in Latin America?

Investments 118

Investments Marketing Profit and Loss Banking 118

Barry Ritholtz

FEBRUARY 6, 2024

There’s also quantitative metrics that we look at Those have evolved, but always within that capa, that cluster of high returns on investment stability across the economic cycle are consistent and strong balance sheets. I think right now, just in a market cap sense, market concentration, there are a lot more growth stocks.

Valuation 52

Valuation Investments Finance Math 52

Barry Ritholtz

OCTOBER 24, 2022

So I leave the Bureau of Labor Statistics and I move into economic consulting. 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.

Investments 52

Investments Valuation Benchmarking Marketing 52

CFO News Room

NOVEMBER 22, 2022

I think the industry likes to tell a story that one of the big drivers from insurance and brokerage firms to RIAs is essentially the economics of it. But I’m struck as you were framing this that this basically had nothing to do with the economics of it. And the economics, they ultimately worked out long term.

Planning 130

Planning Communication Profit and Loss Education 130

Barry Ritholtz

JULY 11, 2023

India seems to be like a perennial next economic powerhouse after China and it just always seems to be not catching that next bid. JOHNSON: It became a much riskier investment by investing the S&P 500 based on volatility and concentration. RITHOLTZ: So I don’t want to talk about politics. We’re recording this.

Mergers and Acquisitions (M&A) 88

Mergers and Acquisitions (M&A) Investments Finance Technology 88

Barry Ritholtz

JULY 4, 2023

In the have not category, we’ve got the long short equity funds that are directional and concentrated, which have had horrific performance. Single manager, concentrated long short equity funds, those funds might have done well up until 2021, not because their process was so good, but they were the beneficiary of an upmarket.

Investments 58

Investments Numbers Risk Management Concentration 58

Barry Ritholtz

DECEMBER 12, 2023

Low price stock has historically had some very large concentrated positions. And those concentrated positions happen because they have high conviction that they’re in that group where it’s not stupid to think about where earnings will be 10 years out. This is what’s wrong with concentrating in the wrong stocks.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

JUNE 13, 2023

During COVID, rather than just a monetary response, we saw a massive fiscal response, which seemed to have really helped across the entire economic strata, especially the middle class. It’s called FL Entertainment, great entrepreneur, Stéphane Courbit. I strongly recommend and produce by our friend at FL Entertainment.

Investments 58

Investments Banking Entertainment Valuation 58

Barry Ritholtz

JULY 29, 2024

People who were deeply concerned about task loss harvesting, either they’re selling a business, they have low cost stock or founder stock, or some other capital gain they’re trying to manage through highly concentrated position that they want to de-risk but not create a giant tax obligation. Let’s jump to our speed round.

Investments 58

Investments Communication Benchmarking Technology 58

Barry Ritholtz

AUGUST 15, 2023

SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. So that comes out in position sizing and conviction and just making sure that you’re thinking about all the things that could go wrong if you’re taking a more concentrated position in something. It’s just entertainment.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52

Barry Ritholtz

MARCH 26, 2024

You get a BA in economics and poli sci from the University of Delaware. And it had to do with the discipline of the models that he used and how he segmented economic liquidity, investor liquidity, and then technicals and and breath conditions and understood how they melded together. What was the original career plan?

Investments 58

Investments Marketing Concentration Economics 58

Barry Ritholtz

DECEMBER 14, 2022

MCCARTHY: I’d back up actually a little bit further in thinking about how did I get there, because I don’t think it was very obvious actually that I would come out of Yale with an ethics, politics and economics degree — RITHOLTZ: Perfect really, right? MCCARTHY: — and end up in M&A on Wall Street. Cambridge U.K.,

Mergers and Acquisitions (M&A) 63

Mergers and Acquisitions (M&A) Investments Construction Concentration 63

Barry Ritholtz

AUGUST 16, 2022

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 contextualize the economic data and the broad stamp recession when you’re thinking about managing risk? COMMERCIAL BREAK).

Profit and Loss 121

Profit and Loss Foreign Exchange Valuation Investments 121

Barry Ritholtz

APRIL 4, 2023

So you would see pretty high concentrations of, you know, $100 million, $200 million, $300 million, all essentially sitting on a single balance sheet of the bank. You raised another $11 billion in capital, despite the economic environment. KENCEL: Well, look, it’s all about entertaining people. You guys had a huge year.

Mergers and Acquisitions (M&A) 58

Mergers and Acquisitions (M&A) Investments Finance Banking 58

PYMNTS

OCTOBER 9, 2017

The Grand Bazaar was the mastermind of the ruling Ottoman Empire , which thought that organizing thousands of merchants into a single location for shoppers to visit would establish Istanbul as an important trading center, boost economic development in the region and add to the ruling party’s wealth. For centuries, it did.

Sales 51

Sales Retail Advertising Leverage 51

PYMNTS

OCTOBER 9, 2017

The Grand Bazaar was the mastermind of the ruling Ottoman Empire , which thought that organizing thousands of merchants into a single location for shoppers to visit would establish Istanbul as an important trading center, boost economic development in the region and add to the ruling party’s wealth. For centuries, it did.

Sales 44

Sales Retail Advertising Leverage 44

Barry Ritholtz

JULY 31, 2023

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. HOFFMAN: So obviously, I’ve — you know, economically minded from the jump.

Treasury 52

Treasury Retail Economics Entertainment 52

Barry Ritholtz

APRIL 25, 2023

You turned out to be the first dual economics financial management major at Quinnipiac. You have a concentrated securities position, right? What have you been streaming and what’s kept you entertained in the pandemic and post-pandemic era? Freakonomics” is one, you know, how to make economics interesting to the masses.

Mergers and Acquisitions (M&A) 63

Mergers and Acquisitions (M&A) Compliance Investments Finance 63

Barry Ritholtz

FEBRUARY 20, 2024

You get an economics PhD from California, Berkeley in 82, and around the same time you become an economist at the Federal Reserve Board from 81 to 83. And so that can cause the impulse of the economic news to be filtered into financial conditions much more, more quickly. Let, let’s talk a little bit about your background.

Treasury 58

Treasury Marketing Banking Economics 58

Barry Ritholtz

JULY 15, 2024

We tend to be concentrated in those. Economic data, GDP data, employment data, bond prices, auction, I, I have auction, you know, data going back on a spreadsheet back to the 2000. You have more variability in the economic cycle because what inflation does is it adds uncertainty to consumers spending. It’s significant.

Investments 58

Investments Marketing Banking Benchmarking 58

Barry Ritholtz

APRIL 11, 2023

And the second was, of course, the Warren Buffett story that came out the same week, where he essentially called people who post buybacks, you know, economically illiterate. It’s the entertainment value. I create these concentric circles for people who have time and say, if you have this much time, try these extra things.

Valuation 118

Valuation Education Finance Numbers 118

Barry Ritholtz

FEBRUARY 12, 2024

And at that point, I decided what I really wanted to do was be a PhD in economics. You’re outperforming, you’re, you’re putting up good numbers that’s on a concentrated portfolio and it’s 10, 15, 20 stocks are the drivers. So I didn’t even begin thinking about my career really until my senior year.

Investments 116

Investments Marketing Numbers Entertainment 116

Barry Ritholtz

NOVEMBER 12, 2024

Barry Ritholtz : This week on the podcast, another extra special guest, Peter Goodman, is the award-winning investigative reporter and economics correspondent for the New York Times, his latest book, how the World Ran Out Of Everything Inside The Global Supply Chain. And I was ostensibly the economic writer.

Manufacturing 98

Manufacturing Economics Numbers Entertainment 98

CFO News Room

JANUARY 23, 2023

We should all be asking the same question — shouldn’t we all be as protected from COVID-19 as the attendees at the World Economic Forum are?” • But we aren’t asking that question, are we? Yet the desire for better COVID protections is not concentrated among the well-heeled, as these accounts have misleadingly suggested.

Education 130

Education Economics Marketing Concentration 130

CFO News Room

JANUARY 17, 2023

Here’s page one: The footnotes are very entertaining. Davos tries testing: Everyone at the World Economic Forum annual meeting — including journalists and participants — has to take a PCR test upon arrival. An ERV can economically introduce fresh ventilation air into your home. But somebody hijacked my brand….

Concentration 130

Concentration Economics Manufacturing Numbers 130