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Economic Innumeracy : Some individuals experience math anxiety, but it only takes a bit of insight to navigate the many ways numbers can mislead us. We evolved in an arithmetic world, so we are unprepared for the exponential math of finance. Consider direct indexing to reduce capital gains and reduce concentrated positions.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. What sparked your interest in finance?
However, when he didn’t secure a senior contract at Bradford City, he left that path behind and went on to study maths at University. A fast-track finance career can bring other challenges, which has further fuelled his desire for personal growth. Consequently, his original career ambition was in professional football.
The debate can be heated, but many impartial observers believe that it mostly comes down to this math: Governments fear the real or potential loss of tax revenue. Misclassification is concentrated in a handful of industries, including hospitality, warehousing, and some industrial sectors, he adds.
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.”
” because we definitely have some clients that prefer that way of thinking and viewing their finances, instead of your traditional balance sheet, right, or just your assets and then your liabilities. Or how do we work around a concentrated stock position, right? ” Anh: Exactly, yes.
It sounds like the career plan was always finance. Heather Brilliant : I worked at Bank of America and, and they had a wonderful corporate finance training program. I think actually if you go public, there tends to be a more of a concentration in owners holding founder 00:17:41 [Speaker Changed] Stock. Was that the plan?
And then at some point after my PhD school studies, we could get into that if you like, but I kind of decided to switch and finance was kind of what was available for me at that point. 00:05:02 [Speaker Changed] So, so how does the transition to finance take place? How did you, how did you find your way to both finance and GMO?
It’s a town of about 4,000 people, so exposure to markets or investment banking or any of the careers in finance was not something that you really envisioned. And the whole concept of it was why don’t we take Liberal Arts majors, give them on-the-job training, give them exposure to a variety of different areas of banking and finance.
He’d teach them about a variety of things going on in the world – science, math, archaeology, literature. Getting rid of cash, Rogoff writes, would, therefore, put a crimp in all sorts of bad stuff financed by cash, and in particular, cash of the high-denomination variety. Samantha and Nick would boot up “Jack” every couple of days.
So, yeah, I had a career in investment banking with Jefferies, and it was a really good professional experience because I do have the opportunity to work in M&A, equity and debt financing. What’s the finance industry like in Spain? I had the chance to be part of some very interesting transactions in the banking space.
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. If you’re giving up that 1% big fat yield in 2019, 2021, let’s say you give up three years of 1% and get zero, how does the math work over the subsequent couple of years?
And so transition like many people did in my generation into finance. Camp as you, you’ve had a fairly entrepreneurial background, not just in finance over the past decade or two, but you founded or co-founded value add software in the 1990s. It’s, it’s double concentrated risk.
So lots of content, personal finance content, originally focused for women in their 20s and 30s but quickly expanded to women and men in their 20s and 30s. And so we had found a way to really connect as a brand and provide personal finance content to millennials. They want to talk about personal finance?”
RITHOLTZ: So what led you to the talent side of finance? WEINSTEIN: Well at Goldman, you know, what I realized is I didn’t really love finance. RITHOLTZ: I know I have a natural ability to scout out some of the best and brightest alpha generators in finance. RITHOLTZ: Finance in general. I could do the work.
So it’s, it’s just kind of ironic, and I’ll just throw this out as a bit of an advertisement, but like, we run a portfolio of 10 stocks, a concentrated portfolio, 00:27:41 [Speaker Changed] 10 stocks, 10 00:27:42 [Speaker Changed] Stocks, that’s it. So that’s the math. That’s all that matters to me.
Not only has she been named to a number of hundred most influential women in finance, I don’t know many people who have seen as much of this industry on the front lines as she has for as long as she has, and is now in a position to very much drive change within the industry as CEO. And you mentioned behavioral finance earlier.
Was finance always the career plan? I started out math and, and physics, and in high school I was a rock star in math and physics. 00:03:03 [Barry Ritholtz] And, and there’s a giant set of finance firms in in Boston. We tend to be concentrated in those. Matt Eagan. 00:01:49 [Matt Eagan] It was not.
She’s been on all the, you know, top 100 lists, most influential thinkers, women in finance, policy influencers. And so then it became finance and series of accidents. Wasn’t the Excel spreadsheet error, which changed their math. And I thought, what do you do? And my trajectory changed to economics by accident.
” T LIZ HOFFMAN, BUSINESS AND FINANCE EDITOR, SEMAFOR: Thanks, Barry. Was the plan always to cover finance? Travel, obviously important, finance important, it was a little unclear then how that would it all shake out. And that’s sort of the math. It’s great to be here. What led you into this area?
The firm specializes in litigation finance, which is non-correlated with equities. The stock market’s concentration, in one chart Source: Axios Sign up for our reads-only mailing list here. ~~~ To learn how these reads are assembled each day, please see this.
He told me how he had, you know, financed a trip to Tahiti for his honeymoon on home equity line and credit. I do the math. But 01:01:28 [Speaker Changed] Beneath a lot of this, it turns out, is market concentration and various forms of collusion. His commissions were drying up. And suddenly he’s answering his phone.
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