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Arcesati notes, “The US has historically excelled at attracting top STEM [science, technology, engineering and math] talent from abroad, while China has struggled to do so. AI’s positive impact will be concentrated, initially, “in a limited number of sectors.”
And you start doing the math of the staff, and you’re like, “I can hire people for less than this.” ” I’ve seen a lot of industry discussion that’s essentially, the math of it can be better on the RIA side because you just don’t have to pay for the things that you don’t need in your platform.
After all, in a world where prospecting was almost entirely a function of networking and establishing relationships with Centers Of Influence who could refer the advisor, almost by definition the advisor’s marketing efforts would concentrate on the local market where they could engage in such in-person relationship-building.
I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. And so, it’s a little bit of an educational process, but …. And so, I think the important thing is really from an education standpoint, right? BITTERLY MICHELL: … was — no, no.
SEIDES: That allows you to make charitable bets based on long-term educational beliefs. What was interesting was I had said to him, “Well, let’s make this really educational. RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before.
And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. They work very hard when I was growing up to give me like a really good education. RITHOLTZ: Yeah.
And if you went through the math, it gave us hundreds of hours that a typical firm would spend. And so just the sheer education of what does it mean to do it and then what does it mean to do it digitally, I think that was a really key thing at LearnVest that really was unexpected for me. And it’s very confusing to understand.
Now, I, I feel like we educated the street in many ways going back 15, 20 years ago about this rate of change analysis going back to the early two thousands. So that’s the math. Mine has always been based on rate of change analysis. We have like 8% growth built in for next year’s earnings growth.
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. Which we are at Orion.
And the good thing about Northeastern University, they have tremendously great cooperative education program that saved my life because it made me understand I did not want to be a double E or an engineering prof in my profession. I started out math and, and physics, and in high school I was a rock star in math and physics.
Deficits can be used to accomplish big things like, you know, repairing crumbling infrastructure, improving our healthcare education systems and, and so on and so forth. Wasn’t the Excel spreadsheet error, which changed their math. So we should talk about deficits for whom? Deficits for what, right?
So the decade leading up to, or maybe the two decades leading up to the pandemic post nine 11, the Bush administration changes the rules for who can stay in the United States if they’re here on an education visa, right? I do the math. Then we have the pandemic. And so there’s no traffic in or out.
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