The Ledger, every show

“We're now up to 15,000 kids, and they had the highest test scores in the entire state of New York. The average family income is 35,000 dollars a year.”

“Our best analysts were right probably 55 or 60% of the time. Like, our real rockstar guys. And I think the lay investor doesn't really understand that. Like, there's this perception that, oh, my guy, or, you know, Whoever is right, 80 or 90% of the time, it's …”

“Success had, I think, something like five or six of the top 10 schools in the entire state of New York last year, and the demographics of our population were Are typically in the bottom 10% of wealth.”

“Because believe it or not, Gansett was viewed as a major brewery under the old tax laws, and so we had a huge excise tax that was actually ascribed to the company, and that's going away.”

“He put like a third of the endowment into TV stations. And he did it on a highly levered basis, so they put in, like, five million dollars of equity to make a seventy million dollar investment, and it was like a ten-bagger.”

“So if you look at the factor returns to value versus the factor returns momentum, they're about as divergent as they've been since the tech bubble.”

“So my initial launch report, I had more sells than buys, which was unheard of on Wall Street. And the reason we could do it is we didn't have any corporate finance arm. So they had an investment arm. They had no traditional underwriting arm.”

“In aggregate, the industry is doomed to underperform by the extent of its fees.”

“If you statistically looked at our performance, We were basically contributing 130% of the P&L, and while that's okay, it's not necessarily a sustainable enterprise, which proved to be quite correct in hindsight.”

“We're going to have something in the forties in terms of the number of schools, and within the next decade, we'll be Teaching a 100,000 kids.”

“We're budgeted to have our first profitable year in 2018.”

“The average person at Yale is being charged about 24,000 dollars a year.”

“So people making between zero and 40,000 actually pay nothing to go to Yale, right?”

“This is our first graduating class of success. It's 17 kids, so I got involved 10 years ago. That seventeen's gonna be 5205 hundred within five years. All 17 got into college.”

“Teams play off, and the winner of this play-in game gets promoted, and it literally would have meant probably a hundred and fifty million pounds to us had they gotten promoted.”

“In fact, the current governor of Rhode Island, Gina Raimondo, another Yaley, Was the angel, and they needed money, and frankly, the angel had overpaid, or the company hadn't delivered as they thought”

“We, when we bought the business, when it was originally bought, It went from, as I said, current dollars of a billion had 87,000 dollars in revenue. I mean, it's just amazing. And today we're up to about fifteen million.”

“I picked up the broker dealers in 99, 98, 99, when they were all the IP ago, you know, and I joined Morgan Stanley when it was trading at about four times book value. And as we well know, it went to, I think it troughed at .5 a book.”

“Tufts is unfortunately quite under endowed versus its peers. So we're probably Only 10% of 10 to 13% of the university's operating budget, whereas a Harvard or Yale would be a third.”

“Bernstein, and it sounds unbelievably naive today, but they were kind of the first firm to uniformly use a DDM, a dividend discount model.”