Ep. 12 - Nick Maggiulli, Analytics Manager at Ritholtz Wealth: Data is the New Oil

Links: Nick's blog: Of Dollars and Data Post: Even God Couldn't Beat Dollar Cost Averaging Ritholtz Wealth Management Data Camp Data Camp - Intro to R Thank you so much for listening, we really appreciate you. If you have found this valuable, please consider leaving us a review as it will help more people find it! Thanks you're awesome! You can find more information and content by going to these places: Website: https://www.investingcity.org YouTube: Investing City Twitter: investing_city Instagram: investing_city Or feel free to email us at service@investingcity.org Again, we really appreciate that you would take the time to listen. Hope it was valuable. Let us know if you have any questions! Below you will find our entire conversation transcripted. Enjoy! Join our Dynasty Membership to see them all in one place. Ryan Reeves 0:11 Hello everyone and welcome to the investing city podcast where the goal is to get better investing business and life. Thank you so much for taking the time to join us. It really means a lot. Without further ado, enjoy this episode. We're happy to host, Nick Maggiulli. Nick runs a popular blog called 'of dollars and data' that actually got him on the radar of Ritholtz wealth management, so he works with data to help Ritholtz become more successful. Nick is very passionate about data analysis, and we talked about that and how he uses it to really blend with storytelling. So, I hope you enjoy this one, we talked a lot about Nick's background and his interests, and really just the new age of finance and enjoyed his fun blog and kind of your background is very technical mixed with writing so can you tell us how you got into more of the technical side. Nick Maggiulli 1:14 Yeah, so I had an internship, the summer between junior and senior year and got actually my chance really from a professor, I told him I want to work at my own logistics firm he's like no, don't do that you should do this. And he said send me your resume. He wrote me a huge recommendation letter and basically just told me what I was going to be doing and I listened to him thankfully, and that's when I started to learn about programming. First thing I learned was a program called Fast, which is like all just data programming, which super interesting for me to learn that was like the longest programming, Stanford so I was like okay did this on love with it. And then I think my first programming class my last quarter passes and senior year, my last quarter I took same sort of programming, probably my biggest regret in college is not like starting that way sooner and like my I should have probably minored in computer science. I don't think I could have majored in it, I don't think I could have held my own with those people but I definitely could have minored in it. So, I just fell in love with it, I just fell in love with the data side of it. I didn't really find software development as interesting as like data and like doing charts and visuals and stuff so for me it was much more about you know what I could do in terms of data cleaning and stuff like that. Ryan Reeves Gotcha. So, did you have a really special relationship with that professor or tell us a little bit about how he just singled you out. Nick Maggiulli Uhm, not, I wouldn't say it was like a special relationship... like he was just really nice to everyone and I would come to his office hours and sometimes chat and stuff. Yes, he has done that for other people as well so I actually know quite a few other people where he's like, he basically was trying to push people into this healthcare consultant startup that actually another Stanford professor ran, so I didn't even, I didn't know that as a professor he didn't really teach undergrads, he only really taught grads. And so he ran this healthcare startup, and basically it was a way, to get like...