Remove 2001 Remove Math Remove Risk Tolerance
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Transcript: Julian Salisbury, GS

The Big Picture

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.

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Transcript: Dominique Mielle

The Big Picture

So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. And the main one is that it used to be that hedge funds were populated with risk-tolerant investors. The great bonanza of late ’08 and ’09 is that there were companies that were not stressed at all.

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