Barry Ritholtz

FEBRUARY 21, 2023

A second guess would have been a healthcare company. That means a low hurdle rate. I mean, really, no one knows who Vanguard is. So my friends really thought Vanguard was an airline. RITHOLTZ: Which it was. BUCKLEY: Yeah. We’re going to be a lower fee than almost everybody out there. So we do that.

Leadership 111

Leadership Investments Profit and Loss Technology 111

Barry Ritholtz

MAY 9, 2023

But I don’t think this is a wholesale shift, we’re in a higher rate environment, obviously, for now. And while rates will likely start rolling over into next year, I think we’re in an environment where the hurdle rate for making more illiquid investments is higher.

Investments 119

Investments Banking Advertising Numbers 119

Barry Ritholtz

MAY 21, 2024

And if you look at the s and p today, 50% of it is asset light, innovation oriented healthcare and tech. But now we’re back to a more normal hurdle rate. 5% interest rates is not super high. It’s a changing animal. Whereas in 1980, 70% of it was manufacturing asset intensive, et cetera. 00:50:03 Not anymore.

Finance 59

Finance Marketing Numbers Investments 59