Remove 2001 Remove Portfolio Management Remove Risk Management
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Transcript: Sander Gerber, CEO and CIO Hudson Bay Capital

The Big Picture

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. Worst case downside. Exactly right.

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Killer Vees

The Irrelevant Investor

A bounce of this magnitude makes a mockery of risk management. The bad news is 2001 was a major head fake and there is no way to know whether today is 1982 or 2001. One of the challenges with tactical portfolio management, particularly with trend following, is that whipsaws are part of the deal.

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Transcript: Dominique Mielle

The Big Picture

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. She is an author and former hedge fund trader, specializing in distressed assets. RITHOLTZ: Yeah.

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Transcript: Julian Salisbury, GS

The Big Picture

And then I was the beneficiary of the TMT bubble bursting in 2001. We just get to focus on assets and asset risk management. So earlier we were talking about assets, and then you referenced risk management. RITHOLTZ: Tell us a little bit about the difference between managing risk and merely owning assets.

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