Remove 10 23 house-hacking
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Transcript: Hannah Elliot

The Big Picture

What cars or SUVs are you excited about even if they’re not out until ’23 or ’24? RITHOLTZ: … blind what’s in front of the truck for like 10 feet. RITHOLTZ: … but my house is set-up on a hill, and four-wheel drive cars in the rain have a hard time getting up there. RITHOLTZ: … it was a little 10 years before that ….

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Transcript: Jonathan Miller

The Big Picture

Hey, this house down the street is overpriced 30%. Give these people a mortgage for a house that they pay 30% too much. So you had a full year or two after housing topped before it started to shine. And so my students are mostly in their 23 to 29, super smart and very eager to get into the business. MILLER: Correct.

Sales 130
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Transcript: Tom Wagner, Knighthead Capital

The Big Picture

They run about $10 billion across all sorts of really fascinating investing lines. So you’re looking at this saying hey you know at a hundred cents on the dollar these are disasters but at 30 cents on the dollar there’s some real … WAGNER: 10 cents. RITHOLTZ: 10 cents. The MCI bonds were very valuable.

Investing 130
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Transcript: Gretchen Morgenson

The Big Picture

I mean, 10 grand a year is nothing. They were typically structured as 10 year contracts. So the company would agree to pay over 10 years a certain amount of monitoring fees every year to the private equity firm. RITHOLTZ: Are there other fees like that that just sort of hack away at the stability of a company? Not really.

Insurance 141
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Transcript: Brad Gerstner

The Big Picture

His firm, altimeter Capital, runs over $10 billion. 00:03:23 And there was a, a gentleman I got introduced to named Pete Legal. 00:04:10 Right. 00:10:12 [Speaker Changed] So, wait, at this time, you really had, didn’t have a whole lot of investing experience. What can I say? Once again? So I had a job.

Investing 246
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Transcript: Zeke Faux, Number Go Up

The Big Picture

It is a deep dive, a no holds barred Look at crypto and the many, many scams that take take place across everything from NFTs to ICOs to hacks to to Bitcoin business models. Zeke Faux: 00:01:10 Parts of it are really just terrifying. It went because this is 2020, it’s the height of the pandemic. We’re really bored.

Numbers 152
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Transcript: Gary Cohn

The Big Picture

If you’re at all interested in that, you’ll find this to be an absolutely masterclass in how legislation is assembled, how it’s shepherded through the house, through the senate, through all the competing interest groups. And he said, yeah, not in my house. Gary Cohn ] 00:08:10 It was a substantial amount of money.

Taxes 268