Remove Communication Remove Forecasting Remove Leverage Remove Math
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What Walmart’s Resurgence Means For Retail And The “Pays”

PYMNTS

He didn’t think much of math and science — rather unusual given his choice of a profession that uses complicated math formulas to communicate. And that the only function of economic forecasting is to make astrology look respectable. His economic principles were what inspired President Lyndon B.

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Dropping A B/D License Without Dropping Current B/D Platform

CFO News Room

And the reason that I liked that one, because I’ve sold very few VAs in my career, but I could do the math on how that rider worked on a piece of legal paper and my calculator. And that is a very simple, it’s easy to communicate, and it’s very clear. Author: Michael Kitces. Team Kitces. And I also prefer simple.

Planning 130
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Transcript: Lynn Martin

Barry Ritholtz

I don’t know if those challenges would have been as extreme as was forecasted or not, but I’m really glad we didn’t find out. So I tend to view computer coding not that dissimilar to communicating in a foreign language. So 2000 could have been 1900, and that could have caused challenges. RITHOLTZ: Yeah.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. BITTERLY MICHELL: Not in leveraged, no, not at all, give more …. BITTERLY MICHELL: And so, one of the things that we did was we started communicating more frequently with our clients.

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Transcript: Rick Rieder

Barry Ritholtz

You know, people are comfortable, leverage builds. You know, the leverage in the system builds. RIEDER: It’s funny you said that because, listen, I think we’ve gotten to the place where there actually is too much communication. And then all of a sudden, sometimes violently, it recalibrates. RITHOLTZ: A lot, right?

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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

It’s that the, so that’s the core competency and it’s just leveraged into, if it’s a loan, if it’s a security backed by a loan, if it’s the actual estate itself. Now it’s dangerous to forecast that far in the future because behavior can change. And we’re seeing it in that castle data.

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Transcript: Liz Hoffman

Barry Ritholtz

I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And it was just such a good reminder that like, there was no ability to forecast this. RITHOLTZ: The communication was bad also. And that’s sort of the math. He was right on the thesis.