Barry Ritholtz

FEBRUARY 17, 2025

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.

Investments 59

Investments Economics Marketing Benchmarking 59

Barry Ritholtz

AUGUST 20, 2024

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. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.

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Concentration Valuation Marketing Investments 69

Barry Ritholtz

JUNE 18, 2024

I got the sense that, so Churnin takes 51% for a fairly modest valuation, 10 or $15 million. That, that gives Barstool a half a billion dollar valuation. And they had a belief at the time of driving growth profitably whereby you could organically acquire customers. Was it a loss? And that was really the end of that.

Entertainment 59

Entertainment Investments Math Advertising 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.

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Investments Valuation Numbers Math 52

Barry Ritholtz

DECEMBER 12, 2023

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.

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Benchmarking Concentration Investments Profit and Loss 105

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. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? 00:02:16 [Speaker Changed] Me too.

Investments 59

Investments Numbers Marketing Leverage 59

Barry Ritholtz

MARCH 12, 2024

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.

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Profit and Loss Investments Marketing Securities 59