Musings on Markets

AUGUST 19, 2024

Not surprisingly, the operating metrics change as companies age, with high revenue growth accompanied by big losses (from work-in-progress business models) and large reinvestment needs (to delivery future growth) in early-stage companies to large profits and free cash flows in the mature phase to stresses on growth and margins in decline.

Corporate Finance 101

Corporate Finance Valuation Investments Finance 101

CFO News Room

DECEMBER 26, 2022

Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. He can be reached at [email protected]. Read more of Adam’s articles here.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

Musings on Markets

SEPTEMBER 11, 2023

In the 1970s, Hollywood discovered the payoff from blockbuster movies, and the movie business became increasingly dependent on the biggest blockbusters delivering enough revenues and profits to cover a whole host of movies that either lost money or broke even. With Apple TV+ and Amazon Prime, the game is even more difficult to gauge.

Entertainment 77

Entertainment Profit and Loss Numbers Marketing 77

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. They have economics. Maverick 14 billion.

Investments 110

Investments Concentration Profit and Loss Economics 110

The Finance Weekly

MAY 29, 2024

A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 billion in economic potential remains untapped by overlooking growth opportunities in FP&A. Additionally, a further $1.7

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Budgeting Forecasting 52

CFO Talks

SEPTEMBER 13, 2024

Another major contributor to the economy is a US-based company called Conco, which produces the concentrate for Coca-Cola. You’re involved in high-level decision-making, often working with the CEO on profit and loss management, developing future strategies, and even turning around the company if it’s not performing well.

Finance 97

Finance Auditing CFO Leadership 97

Musings on Markets

DECEMBER 2, 2020

Setting the Table As with any valuation, the first step in valuing Airbnb is trying to understand its history and its business model, including how it has navigated the economic consequences of the COVID. In addition, growth in the experiences business will also push this metric upwards, since Airbnb keeps a 20% share of those revenues.

Profit and Loss 52

Profit and Loss Valuation Numbers Investments 52

CFO News Room

NOVEMBER 22, 2022

Michael: So, it sounds like part of the challenge was, you live in a large company environment where, as is common for a lot of them, they organized study groups of top advisors, of top producers, of those that are doing well and growing well, and driving the business profitably. In fact, we probably would have been much more profitable.

Planning 130

Planning Communication Profit and Loss Education 130

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 119

Investments Marketing Profit and Loss Banking 119

Barry Ritholtz

AUGUST 20, 2024

So the actual source of profitability in that trade is not the level of the vix, but the shape of the vol surface. It’s, it’s double concentrated risk. I don’t know what you’re allowed to talk about, but it’s safe to say this was a big eight or nine figure profit, right? This was a giant win.

Concentration 69

Concentration Valuation Marketing Investments 69

Musings on Markets

AUGUST 15, 2023

If you do assume that markets will price away this excess profit, you then have the basis for the models that are used to value options and other derivative assets. The most obvious reason is economic, where a crisis and collapse in government revenues, from taxes and other sources, causes a government to be unable meet its obligations.

Investments 85

Investments Currencies Treasury Hurdle Rate 85

CFO News Room

FEBRUARY 6, 2022

At present, just four manufacturers control 84% of the hearing-aid market, according to the Open Markets Institute, a think tank critical of corporate concentration. Has corporate concentration raised prices for you? The reason, analysts say, is federal and state rules that compel manufacturers to sell through medical professionals.

Concentration 130

Concentration Profit and Loss Manufacturing Marketing 130

Barry Ritholtz

DECEMBER 12, 2023

They announced a $640 million loss and ouch. But if, if it has a history of not being profitable, you you really want to exclude that. Low price stock has historically had some very large concentrated positions. The visibility on earnings they grew but they stayed profitable as, as they grew. So big loss.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Musings on Markets

JANUARY 9, 2021

While the universe of companies is diverse, with approximately half of all firms from emerging markets, it is more concentrated in market capitalization, with the US accounting for 40% of global market capitalization at the start of the year.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

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. We’re investing in profitable mid-market companies making 20 million, 25 million, 50 million EBITDA and needed capital in.

Investments 59

Investments Banking Entertainment Valuation 59

Barry Ritholtz

AUGUST 16, 2022

And so, you know, it was relatively, I wouldn’t say straightforward because I don’t think generating consistent profits has ever been something that’s so straightforward or so easy. And it’s always going to expect to lose some of those profits when the trend reverses, but still end up capturing the meat of the trend.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

Barry Ritholtz

APRIL 6, 2023

Jason Zweig ) • ‘Pessimism of Disbelief,’ Illustrated : Sour sentiment and better-than-expected economic results are a normal bull market backdrop. TBP ) see also Could Direct Indexing Lower Your Taxes? It also is rooted in Curiosity, Skepticism, Independence, Humility, Discipline, Patience, and Courage. Bloomberg ) • How Disney beat Gov.

Valuation 115

Valuation Profit and Loss Financial Analyst Concentration 115

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. RITHOLTZ: Is that true?

Mergers and Acquisitions (M&A) 64

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

CFO News Room

FEBRUARY 5, 2023

Those risks increase, if the family group companies are built around political connections, where you are one political election loss away your biggest competitive advantage.

Marketing 130

Marketing Investments Auditing Profit and Loss 130

Musings on Markets

FEBRUARY 4, 2023

There is another seam or weakness in the global economic setting that Adani Enterprises exploited, and that is ESG, an acronym far more deserving of the "biggest con" label than Adani, since it is threatening to lay waster to trillions of dollars, not billions.

Investments 100

Investments Valuation Auditing Restructuring 100

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

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 you had a situation where you could take big positions in the euro dollar market, affect the price and the cash market and actually make a profit. You have a big repo market.

Treasury 59

Treasury Marketing Banking Economics 59

Barry Ritholtz

APRIL 11, 2023

They had the access to loss and excel really. And I think that’s a loss. 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. That’s fascinating. RITHOLTZ: — to say the very least.

Valuation 119

Valuation Education Finance Numbers 119