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 76

Entertainment Profit and Loss Numbers Marketing 76

Musings on Markets

OCTOBER 4, 2021

The last is the operating margin , it operating income (or loss) as a percent of operating income each year. Second, this is a company that seems to run on hyperbolic forecasts from its founders and top management , that are not just consistently higher than what the company deliver, but often by a factor of three or four.

Valuation 75

Valuation Profit and Loss Investments Numbers 75

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. to 25% for the Eurozone. as of March 16, 2022.

Economics 100

Economics Valuation Treasury Forecasting 100

Barry Ritholtz

SEPTEMBER 12, 2022

And so, while you can see that concentration in markets, and sales, and trading, once I started really working with our private bank in a meaningful way, I was then able to lead teams of investment counselors and investors. It’s late in the summer in 2022, markets sold off 22, 24 percent, recovered about half of those losses ….

Investments 117

Investments Marketing Profit and Loss Banking 117

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. That is why the risk-free rate becomes an input into option pricing and forward pricing models , and its absence leaves a vacuum.

Investments 83

Investments Currencies Treasury Hurdle Rate 83

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

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 119

Profit and Loss Foreign Exchange Valuation Investments 119

Barry Ritholtz

FEBRUARY 20, 2024

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. But those forecasts are, you know, not particularly reliable. The Atlanta Fed GDP now forecast for the first quarter is over 4%. You have a big repo market.

Treasury 57

Treasury Marketing Banking Economics 57

Barry Ritholtz

JULY 31, 2023

And most people think of Bill, his bread and butter business is activist, very concentrated stock investing, but he has a bit of a background in macro too, back from ’07, ’08, and he actually decides to do this in the credit markets, where spreads are incredibly tight. .” Okay, how do I express it? RITHOLTZ: Happens.

Treasury 52

Treasury Retail Economics Entertainment 52

Barry Ritholtz

APRIL 11, 2023

They had the access to loss and excel really. And I think that’s a loss. I create these concentric circles for people who have time and say, if you have this much time, try these extra things. RITHOLTZ: You would have to put some flesh on those bones, some numbers, to determine is it still profitable to do this or not?

Valuation 117

Valuation Education Finance Numbers 117