Barry Ritholtz

DECEMBER 19, 2023

And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. Tell us what you’re either watching or listening to, either, you know, video or podcasts or whatever’s keeping you entertained.

Healthcare 60

Healthcare Investments Construction Concentration 60

Barry Ritholtz

MARCH 5, 2024

What happened over the last year and a half or so is rates went up and valuations went down. How do you institutionalize data management and, and how do you leverage the idea of, hey, we know a lot about this, here’s how we monetize it. What’s been keeping you entertained either video or audio, Netflix or, or podcasts?

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Credit Risk Investments Banking 56

CFO News Room

FEBRUARY 2, 2022

You know, we’ve talked about sale leaseback, we’ve talked about music royalties, talked about film and TV royalties, asset-based lending in addition to just casual lending and leverage loans. RITHOLTZ: Is that valuation issue ongoing? What — what’s keeping you entertained? You’ve seen some of those. RITHOLTZ: The Serpent.

Investments 100

Investments Economics Numbers Marketing 100

Barry Ritholtz

JUNE 13, 2023

The exposure you get in investment banking, I was a leveraged finance banker by background. And so we go back to the basics of what our job should be, risk underwriting, risk assessment, asset prices are different from asset valuation. I mean the valuation is the future cash flow discounted at a risk-free rate plus a risk premium.

Investments 56

Investments Banking Entertainment Valuation 56

Barry Ritholtz

MAY 9, 2023

One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. But I would say generally, there’s less leverage in the system. What’s been keeping you entertained?

Investments 114

Investments Banking Advertising Finance 114

Barry Ritholtz

DECEMBER 6, 2022

So if it’s, for example, a strategy tracking a Nasdaq Index, or an S&P, or a MSCI, typically, you leverage an index that is already available through the index providers. I mean, I do think there is a market for leverage and inverse ETFs out there. Tell us a little bit about what that process is like.

Investments 60

Investments Marketing Numbers Risk Management 60

Barry Ritholtz

DECEMBER 14, 2022

RITHOLTZ: Because the underlying owner just kept leveraging and leveraging and leveraging, and somebody very smart in private equity, went out and bought up 51 percent of the debt for pennies on the dollar. MCCARTHY: Well, I would — RITHOLTZ: Or is that just leverage and don’t — MCCARTHY: Yeah.

Mergers and Acquisitions (M&A) 60

Mergers and Acquisitions (M&A) Investments Construction Concentration 60

Barry Ritholtz

FEBRUARY 13, 2023

You know, people are comfortable, leverage builds. Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper. You know, the leverage in the system builds. And then all of a sudden, sometimes violently, it recalibrates.

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Investments Marketing Education 56

Barry Ritholtz

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What’s keeping you entertained? RITHOLTZ: Is it not?

Sales 52

Sales Marketing Numbers Construction 52

Barry Ritholtz

FEBRUARY 28, 2023

So it used to be within private markets that you would find a good business, apply quite a bit of leverage to it, at least in the private equity business, and be able to make a pretty good return by buying good solid businesses as they are. Leverage levels have come down materially. LAYTON: Leverage levels have changed.

Investments 56

Investments Marketing Leverage Valuation 56

Barry Ritholtz

SEPTEMBER 26, 2023

And I think a lot of investors and, and lenders and really lost their way and agreed to terms and conditions that in under today’s market environment would not be acceptable levels of leverage that would not work. And if they don’t, we’re happy to own them at the valuation that we are creating that company act.

Investments 52

Investments Economics Banking Construction 52

Barry Ritholtz

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. I mean, there have been leveraged loans and high yield bonds since the 1980s. You get paid for the incremental risk that you’re taking in a more leveraged capital structure.

Investments 60

Investments Valuation Marketing Currencies 60

Barry Ritholtz

AUGUST 16, 2022

And I think that’s reflective of employee having a lot of leverage over employers. And last market question, so we’ve seen equity valuations come down. I get the sense you’re expecting cheaper valuations, if not much cheaper valuations. RITHOLTZ: Right. And free lunch. So in perspective view is skewed.

Profit and Loss 117

Profit and Loss Foreign Exchange Valuation Investments 117

Barry Ritholtz

MARCH 14, 2023

Everybody wants to sell a company when they get a good valuation. Obviously, profits, very important to company valuation — BERNSTEIN: Absolutely. The other thing we do, Barry, is we group valuation as a sentiment indicator. So we do a lot of valuation work. BERNSTEIN: Correct. RITHOLTZ: Right. RITHOLTZ: Right.

Quantitative Analysis 60

Quantitative Analysis Investments Valuation Marketing 60

Barry Ritholtz

MARCH 12, 2024

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. We ask all of our guests starting with what have you been entertained with these days? So from a data perspective, think about it this way.

Profit and Loss 56

Profit and Loss Investments Marketing Securities 56

Barry Ritholtz

MAY 16, 2023

The transcript from this week’s, MiB: Howard Lindzon, Social Leverage , is below. Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. So with no further ado, my discussion with Social Leverage’s Howard Lindzon. HOWARD LINDZON, MANAGING PARTNER, SOCIAL LEVERAGE: Hello, Barry.

Leverage 111

Leverage Investments Valuation Finance 111