CFO News Room

DECEMBER 5, 2022

As a result, the ‘traditional’ valuation of an advisory firm wasn’t really 2X revenue; it was 6-8X profits, and when advisory firms can run 25% to 30% profit margins, 7X profits at 28% margins came out to almost exactly 2X revenue. (In When it comes to technology firms, revenue valuation multiples are often much higher.

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CFO News Room

DECEMBER 17, 2022

We also have a number of articles on retirement planning: While weak stock and bond market performance has challenged advisors and their clients this year, these trends have likely increased the ‘safe’ withdrawal rate for new retirees. In 2021, elevated equity valuations and relatively low bond yields led the researchers to suggest 3.3%

Planning 130

Planning Education Investments Benchmarking 130

Barry Ritholtz

MARCH 20, 2024

As it turns out, there are ways you can use data to your advantage, even if you’re not a math wizard. market volatility. Cheap stocks on the mend is a really interesting way to look at the market because essentially the market is saying, “Yeah, that stock is very, very cheap, but we think it’s probably too cheap.”

Investments 65

Investments Benchmarking Valuation Math 65

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

Barry Ritholtz

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. And then in a fit of madness, I guess, at the end of 2006, the credit markets were pretty uninteresting.

Investments 120

Investments Banking Advertising Numbers 120

Barry Ritholtz

SEPTEMBER 3, 2024

And it was a very rigorous program and I learned so much from classes that I never thought I would find exciting, like marketing. Maybe there’s a substantial marketing efficiency there. But there’s always gotta be some element of the valuation really being compelling. Does that mean the float isn’t giant?

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Investments Valuation Concentration Marketing 59

Barry Ritholtz

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. I mean, that’s what, that’s what makes markets so exciting to me. I, I love that area.

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PYMNTS

JULY 8, 2016

Walmart Pay comes to market with a few built-in advantages: it leverages the Walmart.com app, which is used by 20M+ people roaming around their stores each month, it works on every sort of smartphone out there, and they control the POS in all of their stores, just like Starbucks does. Zenefits’ Valuation Cut. Next time, guys?

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Valuation Math Manufacturing Numbers 40

Barry Ritholtz

FEBRUARY 6, 2024

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. We hear a lot about Jeremy Grantham thoughts on markets, but much less on how the firm is managed, how this growth came about and the culture as a business.

Valuation 52

Valuation Investments Finance Math 52

Barry Ritholtz

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. They will earn that market return less, whatever they’re paying. 00:12:21 [Speaker Changed] You get the markets return. Surprise, surprise.

Investments 59

Investments Finance Education Marketing 59

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.

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Investments Numbers Marketing Leverage 59

CFO News Room

NOVEMBER 8, 2022

directly via email: Resources Featured In This Episode: Looking for sample client service calendars, marketing plans, and more? And we’re going to talk about what’s going on in the markets, briefly talk about the portfolio. So, last year, valuations were high, interest rates were low. Cean: Thanks, Michael.

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Restructuring Planning Marketing Accounting 130

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. It’s a function of log normal returns that we see in, in stock markets. Outperform the market over decades and you’re a winner.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

AUGUST 29, 2023

So from a client strategy, marketing standpoint, and then overseeing the investment team. And the reality is that, we know that’s very difficult to do and outperform the broader market. Let’s talk a little bit about the Vanguard Total Market Index. So a variety of risk meetings, a variety of economic meetings.

Investments 52

Investments Benchmarking Valuation Construction 52

Barry Ritholtz

DECEMBER 6, 2022

I did in 2013 the largest banking transaction that the market had seen since the financial crisis, it was a $2.4 First of all, I think the amount of investors that participate in the financial markets is much smaller than it is in the U.S. I had the chance to be part of some very interesting transactions in the banking space.

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Investments Marketing Numbers Risk Management 65

Barry Ritholtz

FEBRUARY 13, 2023

And this is just a masterclass in how to manage assets, think about your career, understand the relationship between markets, between fixed income, the Fed, the dollar, sentiment, consumer spending, just everything is related and understanding what matters when is the key to your success. And you know, I love markets. RIEDER: Yeah.

Mergers and Acquisitions (M&A) 59

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

Barry Ritholtz

AUGUST 15, 2023

I didn’t know a whole lot about markets or stocks. ” But I really had an interest in trying to work directly in markets. So I worked at a private equity firm, that middle market private equity firm Yale had money with. SEIDES: But market returns across — RITHOLTZ: The past decade, 2010 to 2020, we were what?

Investments 52

Investments Benchmarking Marketing Treasury 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

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. What’s the most current data point that may not have filtered into the market? They’d say it’s a crap market. So you’re implying that A, there’s a market inefficiency.

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Benchmarking Concentration Investments Profit and Loss 106

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

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

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. I 00:13:35 [Speaker Changed] Met him at a, a, a Market Technician’s Association. What was the career plan? Oh, nice event.

Finance 59

Finance Marketing Numbers Investments 59

Barry Ritholtz

NOVEMBER 21, 2023

That companies were gonna scale faster, that there was gonna be a lot of information flow that you could extract out of venture into the public markets and vice versa. I had an appetite for both the public markets and the venture markets. I started thinking about public market investing. That’s exactly right.

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Investments Marketing Startups Accounting 98

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

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

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. LINDZON: So in 1980 — RITHOLTZ: He just put out a new show, so he’s off the market for a while. And luckily there was a bull market. LINDZON: Just hating the market. I didn’t understand the market.

Leverage 116

Leverage Investments Valuation Marketing 116

Barry Ritholtz

SEPTEMBER 26, 2022

But thankfully, the next decade, things really accelerated in terms of the growth of the company and growth in the valuation, things like that. But unfortunately, just as the product came to market, the whole Atari game market blew up, and retailers didn’t want any new products. The math never seems to work out.

Mergers and Acquisitions (M&A) 69

Mergers and Acquisitions (M&A) Startups Investments Healthcare 69

Barry Ritholtz

JANUARY 7, 2025

Both were macro hedge funds, as you know, and understanding how macro markets work, how they interplay with each other is incredibly important. When I speak to my private equity clients today, I use it all the time when it comes to understanding how markets are gonna affect different types of investors. I use that day to day.

Valuation 52

Valuation Investments Marketing Math 52

Barry Ritholtz

OCTOBER 31, 2022

He’s just charming, as is Jeremy Schwartz is one of the smartest people you meet in finance, just a thoughtful, intelligent person who really understands what value is about, how to find investments that will outperform the broader markets with less risk, less volatility. RITHOLTZ: The 2022 bear market? SIEGEL: Yeah.

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Investments Marketing Numbers Finance 59

Barry Ritholtz

JUNE 30, 2024

Washington Post ) • Wall Street’s Hottest Lottery Ticket: Zero-Dated Options : Bets on market moves have taken off with these options. She leads the company’s 50-person team of engineers, attorneys, and analysts, and is a member of the firm’s valuation & investment committees and board of directors.

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Math Concentration Benchmarking Valuation 59