The Big Picture

AUGUST 15, 2023

Are most people better off in an index fund than playing with an active manager, be it mutual fund or high fee hedge funds? SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007. RITHOLTZ: 2007.

Management 130

Management Investing Investments Government 130

The Big Picture

OCTOBER 17, 2023

And the third, the one that nobody talks about is risk management. Risk management. And so that’s not just, we talk about risk management in terms of buying at a big discount to intrinsic value and then that gives you that capital sort of buffer. You joined in 2007, what led you there?

Investments 130

Investments Investing Clients Numbers 130

The Big Picture

JANUARY 9, 2024

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. It was derivatives math, it was like working with the traders on like risk management. And I love that. I thought that was really fun. So I was very interested in that stuff.

Retail 130

Retail Banking Math Management 130

The Big Picture

SEPTEMBER 26, 2023

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.

Banking 130

Banking Investing Investments Clients 130

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. You know, we bought Hilton in June of 2007. We find great management teams. There’s some like risk management things that you always need to be mindful of.

Assets 162

Assets Investing Investments Valuation 162

The Big Picture

APRIL 4, 2023

So a very different dynamic than we saw back in 2007, 2008, 2009. So obviously, risk managers, you know, and CROs were very focused on how do we manage that risk and diversify that credit risk that they were taking on in mid-market companies. Yes, there’s a lot of liquidity in private equity.

Banking 147

Banking Management Investing Investments 147

Random Roger's Retirement Planning

OCTOBER 28, 2024

The tendency toward negative correlation has certainly held up more often than not in my time with managed futures going back to 2007 when RYMFX first started trading as Rydex Managed Futures. This gets us to the title of the post and Robinson's comments around how much to allocate to managed futures.

Risk Management 52

Risk Management Management Portfolio Numbers 52

The Big Picture

MARCH 12, 2024

And so the other thing is, is that, and I think it’s our core risk management culture, is that we think that till risk is way more probable than everyone else does. So, so one of the problems is once you see something like that, you kind of look for them everywhere. Now in the US we tracked the home ownership rate.

Banking 147

Banking Marketing Marketing Investments 147

The Big Picture

AUGUST 23, 2022

BROWDER: I just gone the risk management committee. What Sergei had learned from his investigation was that after our companies were stolen, the people who stole our companies went back to the tax authorities on 23rd of December 2007 and they said there was a mistake made in the previous year tax filing. RITHOLTZ: Wow.

Government 321

Government Banking Numbers Investments 321