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Transcript: John Hope Bryant

The Big Picture

Different risk tolerance and different business plan. BRYANT: So money, unlike math, money is highly emotional. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there. I believe I love math because it doesn’t have an opinion, that’s a Melody Hobson quote.

Banking 143
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Transcript: Kristen Bitterly Michell

The Big Picture

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. BITTERLY MICHELL: … this isn’t a generalization, but they have a higher risk tolerance. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah. I was econ and kind of geeky.

Clients 290
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Transcript: Dominique Mielle

The Big Picture

For a lot of funds, the early 2000 saw a lot of opportunity in the distressed market and in other spaces. And the main one is that it used to be that hedge funds were populated with risk-tolerant investors. MIELLE: It’s the probability and the severity of your loss, but sticking with it is, you know, what it takes.

Assets 277
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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

And that’s, that’s the predecessor to Amherst, which we bought in 2000 and had been running it since then. So over time, the risk composition of the pool would, would change dramatically. So think about 2003 home prices had gone up a lot from 2000. And in the 2000 at the 2005 conference, it’s kind of wild.

Banking 143
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Transcript: Cass Sunstein

The Big Picture

SUNSTEIN: So back in 2000, I agreed to write a book for Princeton University Press called “Republic.com.” So the granddaddy of this in my field is when you are setting up a portfolio for an investor, “Hey, tell us about your risk tolerance. This is a genuine threat to the health and safety of the country.

Economics 245