The Big Picture

MAY 6, 2025

Sander Gerber : Well, actually I was good at math. And risk is not about not losing money. Risk management is not about not losing money. Risk management is about unexpectedly losing money. But risk management is always about understanding what could go wrong and quantifying what could go wrong.

Risk Management 144

Risk Management Banking Portfolio Distribution 144

The Big Picture

MAY 9, 2023

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.

Assets 293

Assets Clients Investments Investing 293

The Big Picture

MARCH 27, 2023

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 risk management issue there. MIELLE: — interviewed. RITHOLTZ: Yeah.

Assets 280

Assets Investments Investing Management 280