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The AI story, before DeepSeek The AI story has been building for a while, reflecting the convergence of two forces in technology - more computing power, often in smaller and smaller packages, and the accumulation of data, on technology platforms and elsewhere. What is it that makes the DeepSeek story so compelling?
I took a lot of math classes. I couldn’t give up math in computer science. And the team actually that did all the technology in media, one ended up being the core technology team for Cisco. So of course, what the Fed will do impacts markets, impacts valuations, impacts interest rates. at Wellesley.
Barry Ritholtz : And you, you mentioned the investment in technology and people and the ability to scale at your size. Let’s invest aggressively in technology to, to support those advisors. 00:31:40 [Speaker Changed] So there’s the emotions and then there’s the math, right? In a very short period of time.
Obviously math, there’s a ton of symbolic logic wherever you look, that classic syllogism, right? So no technology, no growth firms, nothing. And then number three is gonna be sentiment and valuation. Now, sometimes people say sentiment and valuation, why are they together? The third is sentiment and valuation.
Journalism today has, you know, technology has changed it so much that’s really hard to fathom, although you and I not far apart in age, grew up in an era where media was very specific and thought of as a genuine career. They will earn that market return less, whatever they’re paying.
trillion, the trustee hired to find the missing loot has concluded two things: that the $500 million valuation of the missing bitcoin is accurate, and that he’s been able to find only $91 million of it. He explained that this technology has the ability to make payments instantaneous.
Welcome to the December 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
Indian educational technology firm Byju's has gotten a leg up from a $500 million funding round led by private equity titan Silver Lake , Bloomberg reported. Byju's valuation is now at about $10.8 Existing investors Tiger Global Management , General Atlantic and Owl Ventures also participated, Bloomberg reported.
Let, 00:04:08 [Speaker Changed] Let’s lead up to that transition software engineer at IBM, then you get your PhD, then research at Siemens, which seems to be more of a technological position than a finance position. What was your focus within tech? Finance was the natural fit for GMO. So I was at Harvard. 00:18:41 [Speaker Changed] Yep.
But there’s always gotta be some element of the valuation really being compelling. But even in the book I wrote in 2014, you could see that the focus on competitive advantage can never be absolute, you always have to take valuation into consideration. But maybe second to valuation as a primary consideration.
Brad Gerstner is a founder and investor in technology startups. And I said, Hey, how about if I build your technology practice, I’ll run a public sleeve and I’ll also run a venture sleeve in technology. There’s never been a technology in the history of technology. What can I say? Once again?
And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. which was our Global X Lithium and Battery Technology. The technology around making these nuclear plants a lot safer than maybe was the case in the past. BERRUGA: You know, great question. RITHOLTZ: LIT, L-I-T.
He has a fascinating background in technology and software, and is interested in all sorts of interesting things, ranging from climate change to humanism, to the huge transitions that humans have gone through as a species and what it means to society, investing, scarcity and just the quality of life that we will enjoy as a species.
Its founder walked away with a giant buyout package even as its valuation crashed. The continuation of technological process continues to complicate the world. That as time has passed, the implications of technology get more and more complex and nuanced, and every leader has to deal with that right now.
00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.
He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. Second part of our framework is valuation fundamental work. Well, that means valuations are probably too high.
So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant. We’ve seen a couple of these events now.
In 2021, elevated equity valuations and relatively low bond yields led the researchers to suggest 3.3% And while Buffett was naturally gifted in math, he was initially scared of public speaking. He also dug deep into a particular area of business—insurance—to try to gain an information edge on other investors.
You do the math and you’re like, “Okay, well, an advisor can handle about 100 clients, an associate advisor can help with some of those clients, you can leverage maybe an associate advisor with a couple of advisors, but there’s a capacity limit for each of the roles.” And so, we pivoted to more of a service team.
Barry Ritholtz : Erika Ayers Badan : So you end up going from ad agencies to technology, you’re at Microsoft, you’re at a OL, you’re at Yahoo. So I got my first taste of using technology and content and a user interface to deliver something to a consumer and also to pay, pay off a brand marketing message.
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. It’s just math stick to it over long periods of time. Then the volatility and, and the valuation makes an enormous difference.
And if you are at all interested in technology, venture, startups, entrepreneurship, I suspect you will also. But thankfully, the next decade, things really accelerated in terms of the growth of the company and growth in the valuation, things like that. The math never seems to work out. ” What is that like?
I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? 00:02:16 [Speaker Changed] Me too.
And I was a math nerd as a kid. All the bots and automation mean that active managers who are trying to do that have been out competed by Renaissance Technology or Deisha or whoever. 00:44:11 [Speaker Changed] Kathy would may have her own valuation, so, but I can’t replicate it myself.
technology, that was something to ride for a while. Now, we’re shifting to more international places like China, Europe, et cetera, that are really growing, and that valuations are cheaper. The layoffs are happening in finance technology, the higher income jobs. I mean, we have such a technology innovation, adaptive human.
So let’s, let’s talk a little bit about some data and technology you use. And we’ve automated the, the appraisal process for valuation, both intrinsic value, meaning like, where would we pay it, where would we buy it, and where is the fair market price that asset from that level, from price and from consumer behavior now.
I’m kind of in intrigued by the idea of philosophy and math. They were both steeped in technology. 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. And one of the worst performing factors has been valuation. What was the career plan?
Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation. Is it about the valuation? Back then I was Wallstrip was like a 400K valuation. RITHOLTZ: Valuation didn’t make much of a difference.
Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.
RITHOLTZ: Modern technology. RITHOLTZ: So here’s the question about 2020 and we could talk a little bit about the pandemic, when you have an event from outside the market, sort of feels less like the dot-coms and the valuation issue, and more like the meteor that killed the dinosaurs, it’s totally outside of the system.
And Stanford had that rag magic between entrepreneurship and technology and, and the nexus of, of starting to grow things, which is what I wanted to learn most. It’s such a special place and such a special bastion and ecosystem of entrepreneurship and, and technology and growth and ideas. Taiwan semiconductor, yes.
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. You learn the technology. It’s just not smart on a math basis to do that. And I just caught the bug. It’s a really broad field.
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