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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. And then I was the beneficiary of the TMT bubble bursting in 2001. SALISBURY: Yes.
So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. Even the guy you think of so highly, you know, after three hedge funds open and close, you got to wonder if there’s some riskmanagement issue there. MIELLE: — interviewed. RITHOLTZ: Yeah.
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