Remove 2003 Remove Economics Remove Ethics Remove Math
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Transcript: Dave Nadig

The Big Picture

I mean, there were some advisor pickup, but you had to be kind of on the front edge of finance, or a quant, or running your own models, which in 2003, was not that common. So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor.

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Transcript: Ilana Weinstein

The Big Picture

RITHOLTZ: So you launch your own firm IDW in 2003. WEINSTEIN: Table stakes, good intellectual horsepower, work ethic, training, and a history of results. WEINSTEIN: I think people get comfortable and they feel like, again, it’s economic loss aversion theory at work. You mentioned superstars before.