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Transcript: Julian Salisbury, GS

The Big Picture

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. SALISBURY: At the simplest level we manage money for our clients. We love it. What do they focus on?

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Transcript: Ted Seides

The Big Picture

RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. If you’re giving up that 1% big fat yield in 2019, 2021, let’s say you give up three years of 1% and get zero, how does the math work over the subsequent couple of years?