Nationwide Financial

JUNE 5, 2023

Though inflation remains the most significant perceived risk for business owners, more than two-thirds expect a recession before the end of 2023. And of those expecting a recession, the majority believe it will be as bad or worse than the Great Recession of 2007-2009. It’s important to remember that most recessions in the U.S.

Economics 52

Economics Risk Management Clients Planning 52

The Irrelevant Investor

MARCH 26, 2018

If you convinced somebody in the fall of 2007 that this was the right way to invest, they'd have a bone to pick with you, as they'd watch U.S. Risk is never not present. Just because risk management didn't pay off today, doesn't mean it won't tomorrow. Buy and hold isn't a perfect strategy. Back to today.

Risk Management 52

Risk Management Marketing Marketing Management 52

The Big Picture

SEPTEMBER 12, 2022

At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, ultimately, given the different types of clients segments that I’d covered, I made the decision that I really wanted to be in wealth management. And so, 2007, I came over to Citi. BITTERLY MICHELL: Always risk. RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299

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

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

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.

Banking 130

Banking Retail Math Management 130

The Big Picture

MAY 9, 2023

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. And also, I used to sit back and think, this is great.

Assets 299

Assets Clients Investing Investments 299

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

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

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

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 Investing 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 Investing 321