Barry Ritholtz

AUGUST 20, 2024

Why don’t we just have a conversation in the studio about his beef with passive, why he thinks it’s a structural threat to the market? Now, I don’t believe the market structure is subject to the same risks as a single inverse trading instrument, but he makes a really compelling case for this is important.

Concentration 69

Concentration Valuation Marketing Investments 69

CFO News Room

DECEMBER 13, 2022

directly via email: Resources Featured In This Episode: Looking for sample client service calendars, marketing plans, and more? I had no natural market. He’s a loss leader.” Author: Michael Kitces. Get notified of the latest episodes (and all our research as it’s released!) Check out our FAS resource page !

Planning 130

Planning Profit and Loss Numbers Leadership 130

Barry Ritholtz

OCTOBER 21, 2024

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. And I was intrigued by the markets at the time, in the mid eighties, you had a lot of stuff going on in terms of the merger boom. You graduated from high school.

Investments 59

Investments Numbers Marketing Leverage 59

Barry Ritholtz

MAY 30, 2023

So I think that resiliency piece, never giving up, never giving in, redefining, Barry, success as going from failure to failure without loss of enthusiasm, I think that’s everything. Import, export, finance, marketing, wholesale, retail, customer service, security, territory, logistics. My dad thought that cash flow was profit.

Economics 59

Economics Education Profit and Loss Banking 59

Barry Ritholtz

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. And they go on longer and longer and obviously more profitable for the states that run the lottery. And then I was looking for something more applied.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

JUNE 18, 2024

You’re working with the legal group doing ERISA work when an opportunity comes up on the Fidelity job board for digital marketing. The pay for the marketing job was $17,900 and I was making 50,000, but I was bored and I just didn’t, I was frustrated. How, first of all, how long did you stay at Fidelity in digital marketing?

Entertainment 59

Entertainment Investments Math Advertising 59

Barry Ritholtz

MARCH 27, 2023

And so that’s when I thought, you know, there might be a hole in the market. It can be even a change in regulation or in market, where suddenly volatility picks up and the interest of bondholders and shareholders are at odds. It’s just the bonds were trading horribly, just because liquidity was gone for the market.

Investments 114

Investments Restructuring Profit and Loss Finance 114

Barry Ritholtz

DECEMBER 12, 2023

And I was a math nerd as a kid. So again, so it came back out to the market and it held on to all the pieces except Danaher. They announced a $640 million loss and ouch. What’s the most current data point that may not have filtered into the market? They’d say it’s a crap market. Many years ago.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

JANUARY 24, 2023

KLINSKY: You know, and what we were doing was basically advising Goldman clients how to take their own family businesses back off the stock market. KLINSKY: There had been stagflation, where the stock market was lower in ‘81 than it had been in 1968. And you know, incredibly depressed market, super high interest rates.

Mergers and Acquisitions (M&A) 105

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

PYMNTS

OCTOBER 16, 2017

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. M-Pesa, for example, has been in market in Kenya for a decade. In concept.

Currencies 71

Currencies Concentration Financial Systems Investments 71

Barry Ritholtz

JUNE 27, 2023

And then covering, not in the mayhem of that Monday, but pretty close to the bottom tick on Tuesday, really just a fascinating career, a unique perspective on markets. I found this to be a master class in a humble approach to markets and being aware of your own limitations in order to obtain the best possible results as a trader and investor.

Math 59

Math Risk Management Profit and Loss Marketing 59

Barry Ritholtz

MARCH 21, 2023

So your doctoral thesis asserted that consistently beating market averages was attainable by exploiting both value and momentum. Because, you know, there’s this constant fight in academia, if you believe something works, does it work because markets are efficient in its compensation for risk, or for behavioral reasons?

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69

Barry Ritholtz

OCTOBER 10, 2023

Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math. So brilliant enough so that sure, he goes to math camp in the summer and find, kind of finds his tribe. But in math camp, he’s not the best. The markets collapse.

Math 64

Math Profit and Loss Marketing Numbers 64

Barry Ritholtz

MARCH 12, 2024

This is the back when mortgages were sort of a backwater of the fixed income market. It takes quite a lot of, of research, quite a lot of modeling, quite a lot of data to actually keep up with the mortgage market. By the time you get to the early 2000s, Freddie Mac, Fannie Mae and me were losing market share.

Profit and Loss 59

Profit and Loss Investments Marketing Securities 59

Barry Ritholtz

JUNE 3, 2024

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 59

Math Marketing Treasury Valuation 59

Barry Ritholtz

JULY 31, 2023

And then, as it turns out, a switch flipped in the market in 2014 was a record, 2015 was a record. You know, that February, March market started to go, I mean, this started as a financial story, I guess, is how I got involved, which is that markets woke up to it very quickly, and things got hairy very fast.

Treasury 52

Treasury Retail Economics Entertainment 52

Barry Ritholtz

APRIL 2, 2024

So when I was at this very fancy private school that I was at as a kid, I did math because it gave me a huge amount of free time to do the things I really cared about. But when I got to Cambridge, you know, the math was sort of serious there. So, you know, I took my math into statistics and things. Am I getting right?

Healthcare 59

Healthcare Economics Math Education 59

Barry Ritholtz

NOVEMBER 25, 2024

He, he does some really, really interesting research and gets deep into the weeds on things like market structure, liquidity cascades, what really drives returns, how much should you be focused on alpha versus beta. And I, and I really like the application of math and statistics and computer science to markets.

Leverage 59

Leverage Investments Marketing Math 59

Barry Ritholtz

NOVEMBER 19, 2024

And then I got interested in behavioral science because finance was really obsessed with market efficiency. Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. The math doesn’t math. That’s very selective. That was too abstract. That’s 125%.

Profit and Loss 64

Profit and Loss Math Finance Economics 64

Barry Ritholtz

OCTOBER 3, 2023

[ Gary Cohn ] 00:03:56 So two years earlier, and now we’re going back in time, the summer of 80, for those of you that remember the summer of 80, the Hunt brothers at that point were silver, were exactly, were trying to corner the gold and silver market. They were buying the, the Comex market. It was brand new.

Marketing 112

Marketing Banking Treasury Profit and Loss 112

Barry Ritholtz

AUGUST 23, 2022

He said, this is the number of shares outstanding of this one company that’s been privatized, and I said, what’s this number, he said the share price and multiply the two numbers together and that got you to a market cap of this company of $80 million. So, I did the math, 20 million times a hundred. It is $2 billion on the ship.

Investments 128

Investments Math Banking Profit and Loss 128

Barry Ritholtz

AUGUST 22, 2023

” And whatever they tell you is a lie because all they’re really telling you is, here’s how the market has done over the past 90 days. It’s a power law, this is very slightly technical for yours truly, the English major, not technical for you, the math guy. Humans are rational profit-maximizers, we’re not.

Economics 98

Economics Finance Investments Numbers 98