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Make sure you have the right math and language to explain results driven by direct and indirect marketing spend. Leaders under economic pressure will likely prioritize short-term measures of growth, so there will be a bias toward marketing tactics with a clearer return on investment, such as search, social, and e-commerce.
Renewable energy by nature demands different talent pools with more advanced technical and math skills to help guide the initiatives. Some historically fossil-focused oil and gas organizations have moved to diversify in that direction, but that too has brought recruitment challenges of its own. A Need to Think Differently.
She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?
So 1,800 clients, just north of 400 million, so if I do my napkin math, typical client is $200,000 to $250,000 of assets under management. ” But I know just the math of that is hard. We need to prioritize our time. “I’ve been working for 10 or 20 years, I’ve accumulated some dollars.
And not because it’s not necessarily profitable to give advice for clients at those price points, but that in order to do it and make the math work, you need a lot of clients. Mindy: I mean, a lot of times they’ll say stuff like, “Time to prioritize this.” What kind of responses do you get? Mindy: Yeah.
I started right out of college, and I remember throughout the early days of my career, I never wanted anyone to know what year I had graduated because I was like, “They’re going to do the math and figure out how young I am.”
And I think the difference between, you know, a traditional value investor versus, you know, we kind of call ourselves intrinsic value investors versus someone who calls themselves a growth investor is just really, you know, what do you prioritize when you don’t have that ideal situation?
That’s one part financial freedom, one part prioritization of your life, and one part less stress and worries about financial matters. It’s much deeper than math. And it’s not rich in terms of how to pile up money, but rather how to live a rich life by treating money as a tool to do the things that you want to do.
And I did a lot of options math, which I thought was interesting. And like what do you prioritize? Which was interesting because I actually started my career at JP Morgan Asset Management in the high yield and investment grade credit research team. 00:07:26 And then I moved on to the equities team afterwards.
You do the math and you’re like, “Okay, well, an advisor can handle about 100 clients, an associate advisor can help with some of those clients, you can leverage maybe an associate advisor with a couple of advisors, but there’s a capacity limit for each of the roles.” And so, we pivoted to more of a service team.
00:13:39 And so after that first 90 days, I started looking at things that we could prioritize a little differently. You know, don’t be overwhelmed by the, the vocabulary or the math or things that frighten people away from the industry. It’s a fantastic industry to be part of. Incredible amount of opportunity.
You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. And we’ve got software and AI that was talking about all this cyber hacks going on in the US Open and how you prioritize the hacks. Barry Ritholtz ] 01:52:18 Not even prioritize.
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