Remove Accounting Remove Benchmarking Remove Hurdle Rate Remove Leverage
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Transcript: Tim Buckley, Vanguard’s CEO

Barry Ritholtz

BUCKLEY: They were all institutional separate accounts. And right now, you look back over 10 years, our active funds, 94 percent are outperforming their competitive group averages, 68 percent are outperforming their benchmarks. That means a low hurdle rate. RITHOLTZ: Billion with a B. BUCKLEY: $125 billion. RITHOLTZ: Wow.

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Transcript: Julian Salisbury, GS

Barry Ritholtz

And my dad had always said, as many young kids get this advice, doctor, lawyer, accountant, engineer. SALISBURY: And accountant seemed like a reasonable option. And I kind of stumbled my way into accounting. That background of being an accountant was just great bedrock training. RITHOLTZ: Sure. Very different fields.

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Transcript: Stephen Suttmeier

Barry Ritholtz

Accounting was very difficult. It’s about a 50% fail rate, something like that. 00:26:19 [Speaker Changed] It, it’s, it’s usually it is aggressive shorts from leveraged funds on s and p futures. And I remember that first level was tough. I had no finance background. So, 00:08:16 [Speaker Changed] Right.