Remove Math Remove Planning Remove Profit and Loss Remove Retail
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Henri Bendel Shutting Down After More Than 100 Years In Business

PYMNTS

The company plans to focus on its other retailers, including Victoria’s Secret and Bath & Body Works. “We Once it was taken over by L Brands in 1985, the retailer began focusing solely on handbags and accessories. The MATH doesn’t add up,” Jefferies analyst Randal Konik wrote in a note to clients.

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Transcript: Steven Klinsky

Barry Ritholtz

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. RITHOLTZ: So it’s different math then I need 100x winner versus 99?

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Transcript: John Hope Bryant

Barry Ritholtz

And so these were two stories, maybe three, before I’m 9-years-old of bad economics, bad culture, and a bad business plan. Different risk tolerance and different business plan. Because then I knew what the wholesale rate was and the retail rate. They have a dumb business plan. RITHOLTZ: Right.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

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Transcript: Dominique Mielle

Barry Ritholtz

Was that where you plan to go? By ’08 and ’09, look, there were bankruptcies everywhere in every industry from retail to telecom. It’s a matter of making better decisions and being more profitable. That’s an amazing lesson in life, right, to take failure and losses as business as usual. MIELLE: Right.

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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

A launch date was planned. The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. Crowds had assembled for the launch. In concept.

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Transcript: Joel Tillinghast, Fidelity

Barry Ritholtz

And I was a math nerd as a kid. They announced a $640 million loss and ouch. And the division that I was in was below plan. ’cause bad things can happen to undifferentiated retailers. It’s what the much maligned retail investor was doing. And the value line has all these statistical patterns.