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I took a lot of math classes. I couldn’t give up math in computer science. Very unusual number of years in a row. I had no idea private equity was putting up those sort of numbers back then. European Central Bank has cut rates recently a number of times. But for me, this was not an option. at Wellesley.
Lisa Shallet, chief Investment Officer at Morgan Stanley has had a number of fascinating roles in Wall Street, which is kind of amusing considering she had no interest in working on Wall Street, and yet she was CEO and chairman at Sanford Bernstein. I was traveling and on an airplane all the time. So I took the plunge, I quit.
Obviously math, there’s a ton of symbolic logic wherever you look, that classic syllogism, right? But the heart of the firm was still on the private client side for any number of strategic reasons. They get your date of birth and your social security number. And the number came out and it was a blowout good number.
And I did a lot of options math, which I thought was interesting. So during my time there, I was probably employee number four or five. In fact, I think the number is net of fees 10 years out, it’s like 93% underperform the benchmark in in us. So we were strategy number four at aerial. What’s that like?
So number one on the New York Times list? 00:22:23 [Speaker Changed] Not number one, but it was in the top f whatever it made the list. Wasn’t the Excel spreadsheet error, which changed their math. Time, it, it seemed like a big number at the time, 787 billion. And he said, I wanna be the first to congratulate you.
Yeah, you have to, you know, the conceit of finance is that basically the math is all there is to it. So you mentioned half math, half Shakespeare. Let’s talk about the math side. Some crazy number writing a monthly column for them. I I, I mean that’s how I do math in my head. You can’t execute.
But as markets saw their prices fall, bitcoin’s numbers went up. In Switzerland, bitcoin continues to proliferate as a viable currency — most recently with the help of Swiss Federal Railways (SBB), Switzerland’s largest railway company. International markets opened Wednesday (Nov. percent, the South Korean KOSPI tumbled 3.4
You can do your own math on what this will mean to you. a currency) over time. When the percentage is moving up and to the right over time, that indicates that a unit of currency effectively buys less than it did in prior periods. That is a huge number but still does not capture the total U.S. What is Inflation?
The number of accepted payment methods is increasing, and the number of clicks and pages to checkout is decreasing. When it comes to language and currencies, said Drouart, one must discard the conventional wisdom that more is better. Start with currencies. Currency Before Language. Drouart’s advice?
Take, for example, how the Fed views statistics, such as employment numbers, when it’s thinking about inflation or raising rates so quickly, which is really constraining to people on an actual budget facing other inflationary pressures, and, by the way, not actually doing anything about inflation. So those numbers are disparate.
Going local means thinking and optimizing for: languages needed, supported currencies, regional logistics and regulation, and then, of course, payment and payments processing. Currency conversions, for example, can throw a wrench into the experience if not properly optimized and that’s where partnerships come into play.
Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. Senders don’t have to ask receivers for the ABA and routing number of the bank account they’d like the money deposited to either – and then when the 99.9 What Went So Wrong.
By the end of yesterday – that number had bounced up another trillion dollars. “The math is the math, not matter how much we like London,” noted one marketplace lending exec on the condition of anonymity. By the end of Friday – $2 trillion was gone from the world markets. to get back on the SS E.U.)
The other $185 million is all fine, $100 million for the CFPB and $85 million for the Comptroller of the Currency. All in, falsifiying those accounts to inflate their numbers cost $5 million. In this case, Wells has already paid back most of the money consumers were wrongly charged — the payback part of the order is only $5 million.
He’d teach them about a variety of things going on in the world – science, math, archaeology, literature. His disdain isn’t because money is germ-laden paper passed from who-knows-who doing who-knows-what with it, but because he says it’s the currency of criminals. Samantha and Nick would boot up “Jack” every couple of days.
Foot traffic was down, the number of in-store transactions were down – at Macy’s that dip was 7 percent and far worse, they said, than last year, which was also down. It’s all about the math. We’ve done a number of studies to better understand how consumers decide where to start their shopping journey online.
I wasn’t that typical person that did a number of, you know, internships during the summer, had that …. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. They understand currencies. BITTERLY MICHELL: … was — no, no.
She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. If there was an error in a report or a number, I went ballistic.
It’s like being asked to figure out the solution to one of those unsolved math problems that mathematicians work on for years before they go insane. A number of car companies are going with Apple or Google platforms. WhatsApp did it, why can’t I? Once they get it into it, they realize that figuring out the solution is really hard.
Its creator, the pseudonymous Satoshi Nakamoto, gave it all of the qualities of cash, but in a digital format: peer-to-peer transfer of a currency in the absence of any intermediary that is pretty much anonymous — only wallet IDs are shared. Speaking of math, doing it helps explain that big billion dollar-plus number.
Now if we only knew the denominator and could do the math to see what those numbers really look like. When Walmart Pay released their numbers, they talked only of percentages. Next time, guys? SMB Working Capital. Invoices are paid by the business via Amex within two business days.
Number one, a school district is a business. And number two, and I think that they were like, I’m sure there’s a note coming after this with a congressional allocation, and it never came. BRYANT: Number two, money is emotional. BRYANT: So money, unlike math, money is highly emotional. RITHOLTZ: Right.
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. Graham Foster] : 00:02:54 That was a number, that was number theory, pure number theory. It gets further and further away the D P U go.
And like I say, that’s part of why it’s translated to a number of people coming to BlackRock and be with me today. RIEDER: So I had known Larry Fink and Rob Caputo, our CEO and president, for a number of years. And you know, it’s been an honor to have a number of awards to it. So yeah, man, that was the idea.
I’m kind of in intrigued by the idea of philosophy and math. 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. It’s kind of a silly number, but people are going to think you’re smart or dumb based on that number.
New York Times ) • The pimple patch becomes a breakout fashion statement : No longer just a skin-care tool, the patches have become chic accessories — and a form of currency in lunchrooms and locker bays. It’s not because they’re not good enough at math. Now the strategy is starting to bear fruit.
You can use this in a number of ways. And that’s a pretty good number. RITHOLTZ: So like the 40 percent number, what are the odds of this happening? Stocks usually make 10 percent a year, and don’t hold me to any of these numbers. What you’re going to earn on that money is an important number.
And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. So, I did the math, 20 million times a hundred.
and I don’t know if this is from the book or or my research, Forbes settled on that number. They said at that moment they were selling crypto as it’s gonna replace fiat currency. And they put some Bitcoin on my phone and we walked into Palo Alto to the one coffee shop that accepted Bitcoin as currency. Right, right.
“For Alipay, remittances are core to this business, and whether that becomes remittances that get integrated into mobile and into wallet, or whether they remain cash, they want to make sure they have that reach around the world in a number of different ways.”. Not to mention the 2.4 But in the U.S.,
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. If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? That’s unbelievable.
It’s sold ungodly numbers of copies, and is on everybody’s best finance books of all-time list. When a professor says, “Come in, we’ll talk about the assignment,” and you come in and say, “I’ve already crunched the number. SCHWARTZ: And whose currency is up on the year? Here’s the data.
In South Africas volatile environment – where currency swings, regulation, and systemic risk add pressure to every line item – CFOs are not just backroom advisors in M&A. Own the Numbers – And the Risks Due diligence is not about ticking off a checklist. The numbers lie if you dont lift the lid.
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. Honest back testing, really looking at the numbers versus exaggerating returns and, and making up the claim that something’s live when it’s not.
Behavioral finance has a number of fathers, including Dick Thor and, and Danny Kahneman. Colin Camerer : So I, some of it was when I was in college at Johns Hopkins, I, I studied physics and math. And number theory was just too mind blowing, you know, for me. The math doesn’t math. That was too abstract.
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