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I took a lot of math classes. I couldn’t give up math in computer science. And the team actually that did all the technology in media, one ended up being the core technology team for Cisco. And then to make sure that we beat the private equity benchmark or the equity benchmark with that selection.
Benchmark tech analyst Cody Acree argues that a private equity firm like Apollo is a better fit for struggling Intel. Analysts believe the San Diego-based tech giant could make the math work, particularly if the deal involved selling off Intel’s manufacturing assets.
accurately comparable) industry benchmarks to compare themselves with, so that the fees they charge for the services they provide are in alignment with what they are actually worth. Just the math of an advisory firm only goes so far at the end of the day.” I could do the rough math on his firm. just to make the math easy.
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?
Brad Gerstner is a founder and investor in technology startups. And I said, Hey, how about if I build your technology practice, I’ll run a public sleeve and I’ll also run a venture sleeve in technology. There’s never been a technology in the history of technology. What can I say? Once again?
One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. Two reasons. And it’s a critical need.
Its index and its benchmark. Let, 00:04:08 [Speaker Changed] Let’s lead up to that transition software engineer at IBM, then you get your PhD, then research at Siemens, which seems to be more of a technological position than a finance position. Learn math, learn history. a year, way over both. So I was at Harvard.
I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. And the last piece of it, which I’ve become really passionate about over the past really kind of five to 10 years of my career is the technology and platform. I was econ and kind of geeky.
So what do you use as a benchmark for the large cap fund? 60% of small cap is indexed versus 50% in large cap and more small cap managers are beating their benchmark than large cap managers. 00:27:54 [Speaker Changed] That, that’s really interesting. Is it just the s and p 500 or something a little broader?
To help determine an appropriate fee, advisors can then look to various benchmarking studies , which can provide industry-wide fee data , as well as information on specific fee structures and geographic areas that can help a firm owner tailor their fee.
So all this comes back to if the technology exists for that, why haven’t we seen a major artist? Like, the Ticketmaster one is a great example because the technology to do that is trivial. It seems like an easy one, but there’s a lot of missed benchmarking that goes on. It’s how math works. Who was it?
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. I didn’t know what any of these terms meant.
And the advice that he gave to David Einhorn about it that helped lead Einhorn to start really kicking the benchmark’s butt again for the past couple of years. And now it’s interesting to watch him as he recognizes, I think, in a lot of ways that people want other things in life, not necessarily just technology.
And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. So I, I did a math degree at Oxford, which is more pure math. It’s just math stick to it over long periods of time. The second is excess returns.
He has absolutely crushed his benchmark over that period. He’s crushed the Russell 2000, whatever benchmark you want to talk about. And I was a math nerd as a kid. You’re 34th, you’re retiring after 34 years and you trounce what’s really the more appropriate benchmark, I would assume the Russell 2000.
And then I fell in love with technology and product development, moved from there to strategy, then moved from there to investment product development, worked on Schwab’s first ETF offerings, their equity mutual funds, fixed income mutual funds. So we used both of those devices to build one of the first mobile trading applications ever.
Their benchmarks were down. 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?
And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. technology, that was something to ride for a while. The layoffs are happening in finance technology, the higher income jobs.
I’m kind of in intrigued by the idea of philosophy and math. They were both steeped in technology. 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. So ba in mathematics and philosophy from Berkeley, an MBA from Columbia.
I started out math and, and physics, and in high school I was a rock star in math and physics. They take a benchmark in that case, the aggregate index is by bar the, the most common one used. Let, let’s allow you to do more and have a wider degree of risk and off benchmark in your sector. That was one aspect of it.
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. So, you know, we, we, we got involved and created a benchmark, a commodity indices at the time. You’ve gotta go hire people in the technology space.
And I, and I really like the application of math and statistics and computer science to markets. You learn the math that can help you with, with market making operations. You learn the technology. It’s just not smart on a math basis to do that. And I just caught the bug. It’s a really broad field.
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