This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering. Losses down, even though they keep investing heavily around the world.” The time to be profitable is ALWAYS.
You can grasp nonprofit accounting basics in just a few minutes, even if you’ve never taken an accounting course (and even if you hated math in high school). The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . Sales of products or services. Grant funds.
Capital One reported a robust second-quarter performance as the bank had increased spending and lowered losses in its credit card business. Chairman and CEO Richard Fairbank said the company showed strong year-over-year growth in pretax income, driven by revenue growth and significant improvements in provision for credit loss.
So, my prior broker dealer, it was Fortune 100 company, they have tremendous obviously philosophies in place on how they get their sales force to produce amazing results. He did an immense number of sales, and had cultivated a huge number of relationships. Author: Michael Kitces. Team Kitces. Matthew: Yeah.
KRISTEN BITTERLY MICHELL, HEAD OF NORTH AMERICAN INVESTMENTS, CITI GLOBAL WEALTH: It’s really interesting because I’m not someone that you would think would be the typical profile to end up in capital markets or — or sales and trading. Home sales are declining, although rents remain high. BITTERLY MICHELL: … was — no, no.
There was real formal learning, there was sitting in on sales meetings, or client reviews with other advisors. He’s a loss leader.” We talked about that, there was no sales pitch. Just what did it look like in actual on site, “I’m in this internship doing things I’m getting paid for.”
In a retail reality where everything is always on sale, coupons were the clever method by which brick-and-mortar shops drew in customers with deals. Because everything is always on sale and because there are any number of ways to collect digital coupons and discounts, who needs all the extra paper?
We have decided to stop operating Bendel to improve company profitability and focus on our larger brands that have greater growth potential,” said Leslie Wexner, chairman and chief executive of L Brands, according to The Wall Street Journal. The MATH doesn’t add up,” Jefferies analyst Randal Konik wrote in a note to clients.
And I found that subsegment really interesting because we did studies on kind of decision making biases, human biases like loss aversion and other biases that impact otherwise what should be rational decisions and make them less than rational. And I did a lot of options math, which I thought was interesting. Absolutely.
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 that then led to the sale of that business in the late 1990s to Credit Suisse. It would go up, it should go up.
Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. Something that Kount says its data shows that merchants must make eight additional sales to make up for the cost of one fraudulent order.
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. And like every business, they want revenue and they’d like to have a surplus profit. BRYANT: So money, unlike math, money is highly emotional.
But Barry Ritholtz : You found out it was all sales, right? But Erika Ayers Badan : It was all sales. You know, speaking of Thanksgiving, like Thanksgiving night, we always launched a Black Friday sale at midnight on Thanksgiving, and we would work until four in the morning getting people’s orders, getting orders out.
But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. RITHOLTZ: So it’s different math then I need 100x winner versus 99?
And I was a math nerd as a kid. They announced a $640 million loss and ouch. But if, if it has a history of not being profitable, you you really want to exclude that. The visibility on earnings they grew but they stayed profitable as, as they grew. So big loss. So I took that. That was real money. Real money.
Their sales pitch was very convincing. 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. In concept.
And so, so we sort of felt pretty stupid for a while because we did a lot of losing trades in 2006 that were the, you know, that obviously didn’t come to fruition until the actual people could see the losses. So in mortgages, the borrower can stop paying maybe a year to two years before the lenders actually book a loss.
RITHOLTZ: So it can be price-to-sales — RITHOLTZ: Yeah. ASNESS: Some of the things like betting against beta, quality or profitability, carry strategies were additions over time. ASNESS: And we had a great almost a decade, because everything else we do work, profitability one; fundamental, momentum one; low risk one.
So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. BROWDER: And I’ll just point out that this was back in the days when $100 million profit is real money. How many do you have in your fleet? It is $2 billion on the ship. RITHOLTZ: Wow.
And I, and I really like the application of math and statistics and computer science to markets. And so we, we get this contract written and I go off to grad school assuming I would go work at a big bank doing sales and trading in some quant role. You learn the math that can help you with, with market making operations.
Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And there was people, Physics didn’t have, people, psychology didn’t have math, economics was kind of the right mix. The math doesn’t math. That was too abstract. Yeah, I’m gonna vote.
Now, there was one really important part of, of that as part of my job training, I was sent to the big sales offices to learn how the product was sold. One of the big sales offices was out in Long Island in Garden City. You’re doing a lot of math in your head on the Fly. Or who has this profit?
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content