article thumbnail

The Latest In Financial #AdvisorTech (December 2022)

CFO News Room

As a result, the ‘traditional’ valuation of an advisory firm wasn’t really 2X revenue; it was 6-8X profits, and when advisory firms can run 25% to 30% profit margins, 7X profits at 28% margins came out to almost exactly 2X revenue. (In When it comes to technology firms, revenue valuation multiples are often much higher.

Planning 130
article thumbnail

Transcript: Ted Seides

Barry Ritholtz

And what’s their budget like a fraction of it, right? RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. What’s the valuation? RITHOLTZ: Right. It just overwhelmed them. I’m sure. That’s great. RITHOLTZ: Right.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Transcript: Cliff Asness

Barry Ritholtz

Everything was the same except, Chicago had in its budget to give me money for airfare to go visit. But plenty of valuation measures, it has no applicability for price-to-sales. My mom was a math teacher so — RITHOLTZ: Okay. But I do not recommend trading on just valuation, except that sin a little. RITHOLTZ: Yeah.

article thumbnail

Transcript: Brad Gerstner

Barry Ritholtz

It was about $170 million valuation. That’s less than one 100th of 1% of the annual budget. So here’s the math, Barry. 00:59:32 [Speaker Changed] So, so in late 21, 20 22, valuations had gotten a touch frothy in, in both the public and the private markets. They had about 10 beta customers of the product.