Barry Ritholtz

SEPTEMBER 19, 2023

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. What kept you entertained during the pandemic?

Investments 59

Investments Math Risk Management Benchmarking 59

Barry Ritholtz

JANUARY 16, 2024

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. What better investment outcomes could we have by leveraging our data? So we have lots of data that we can leverage. And I, I think that I kind of triangulated on it. I have no family history.

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Investments Marketing Transportation Finance 105

Barry Ritholtz

SEPTEMBER 12, 2022

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. BITTERLY MICHELL: Not in leveraged, no, not at all, give more …. What did you do to entertain them? RITHOLTZ: Applied Mathematics, Quants, those guys, yeah. I love statistics.

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Investments Marketing Profit and Loss Banking 119

Barry Ritholtz

SEPTEMBER 3, 2024

And so I kind of leveraged that when I went to Morningstar because they’re very focused on quality, the whole concept of economic moats, but also about buying companies when they’re trading at a discount to intrinsic value. Starting with what’s been keeping you entertained these days?

Investments 59

Investments Valuation Concentration Marketing 59

Barry Ritholtz

DECEMBER 6, 2022

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. I mean, I do think there is a market for leverage and inverse ETFs out there.

Investments 64

Investments Marketing Numbers Risk Management 64

Barry Ritholtz

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. And so it is important that at least you’re able to entertain that. That’s amazing leverage.

Concentration 69

Concentration Valuation Marketing Investments 69

Barry Ritholtz

NOVEMBER 22, 2022

RITHOLTZ: Why is it not surprising that a math nerd is also a placekicker? And I met a woman who covered enterprise software at Goldman, and she gave me really great insight into how I could leverage the industry knowledge that I had developed at IBM. What’s been keeping you entertained post lockdown? RITHOLTZ: Right.

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Investments Finance Education Numbers 59

Barry Ritholtz

JULY 4, 2023

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. So it’s obvious.

Investments 59

Investments Numbers Risk Management Concentration 59

Barry Ritholtz

SEPTEMBER 10, 2024

So that’s the math. There is still excess leverage in the system that I’m not sure how that’s gonna be resolved necessarily. Starting with tell us what you’re streaming, what, what’s keeping you entertained these days? We have like 8% growth built in for next year’s earnings growth.

Valuation 64

Valuation Investments Economics Marketing 64

Barry Ritholtz

FEBRUARY 13, 2023

You know, people are comfortable, leverage builds. You know, the leverage in the system builds. How are we doing in literacy versus math versus science? And then all of a sudden, sometimes violently, it recalibrates. My sense is the Fed has gone far enough, doesn’t need to overtighten. Where are we?

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Mergers and Acquisitions (M&A) Investments Marketing Education 59

Barry Ritholtz

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah. KLINSKY: Yeah.

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Mergers and Acquisitions (M&A) Investments Leverage Numbers 105

Barry Ritholtz

MARCH 27, 2023

And these were real bankruptcies, led by a supply-demand imbalance, too much leverage and not enough demand for the products. Let me move on to my favorite questions that I asked all of my guests, starting with, what is keeping you entertained these days? RITHOLTZ: It was really fascinating. MIELLE: Yes. That really is funny.

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Investments Restructuring Profit and Loss Finance 114

Barry Ritholtz

JULY 29, 2024

We wanna be sure that our communications tools leverage large language models so they can be highly personalized. In addition to cybersecurity, there’s also the third party rule, which is, which is RIAs and investment advisors that leverage third party providers to provide services to their clients.

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Investments Communication Benchmarking Technology 59

Barry Ritholtz

MARCH 12, 2024

It’s that the, so that’s the core competency and it’s just leveraged into, if it’s a loan, if it’s a security backed by a loan, if it’s the actual estate itself. We ask all of our guests starting with what have you been entertained with these days? So from a data perspective, think about it this way.

Profit and Loss 59

Profit and Loss Investments Marketing Securities 59

Barry Ritholtz

NOVEMBER 15, 2022

And I literally just started putting adjectives and nouns on piece of paper, trying to figure out like how do I describe the work that I think I should be doing, and that hopefully, people find at least entertaining, if not valuable? I read all those academic papers, I understand where the math comes from. It’s how math works.

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Investments Finance Marketing Math 111

Barry Ritholtz

JULY 31, 2023

I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. HOFFMAN: And he’s talking about, you know, the seat back entertainment should be a streaming platform, right? And that’s sort of the math. What’s keeping you entertained?

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Treasury Retail Economics Entertainment 52

Barry Ritholtz

MAY 16, 2023

The transcript from this week’s, MiB: Howard Lindzon, Social Leverage , is below. So with no further ado, my discussion with Social Leverage’s Howard Lindzon. HOWARD LINDZON, MANAGING PARTNER, SOCIAL LEVERAGE: Hello, Barry. The next step from there was that Social Leverage. This all is leverage from the network.

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Leverage Investments Valuation Marketing 116

Barry Ritholtz

APRIL 8, 2024

I’d been ranked i i back in the seventies, if you can do the math. 00:31:28 [Speaker Changed] But you had no idea they were running a hundred to one leverage? Starting with what’s keeping you entertained these days? So at that point, I had a pretty big career. 00:52:12 [Speaker Changed] Unbelievable.

Economics 59

Economics Marketing Numbers Forecasting 59

Barry Ritholtz

JULY 15, 2024

I started out math and, and physics, and in high school I was a rock star in math and physics. It’s sort of goes from sort of worry about the leverage to, oh, we’re not worried about it. Tell us what’s keeping you entertained these days? And so I transferred to the business school after that.

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Investments Marketing Banking Benchmarking 59

Barry Ritholtz

JUNE 20, 2023

Aren’t the big firms and the LBOs, the leveraged buyouts, very different than the middle market, smaller private equity firms that provide capital and equity to small companies. What’s keeping you entertained? So, let’s talk about a little bit of pushback. I’ve seen some criticisms and some stuff. RITHOLTZ: No.

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Healthcare Finance Marketing Retail 59

Barry Ritholtz

JANUARY 7, 2025

Leverage buyouts requires leverage. And when rates were so low, the leverage went, it was cheap and, and and easily accessible. Now we’re starting to come out of that now, but that math is still nowhere near where it needs to be. The institutional investor does not like that math. What does that even mean?

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Valuation Investments Marketing Math 52

Barry Ritholtz

MARCH 17, 2025

Wasn’t the Excel spreadsheet error, which changed their math. But that generally involves leverage, right? ’cause the economy wasn’t terrible, it was just over leveraged as we head in headed into the financial crisis. I mean that was, that was the problem. The problem is Japan is running two 50%.

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Budgeting Economics Math Numbers 59