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RITHOLTZ: But did the oversight, the governance get it? SEIDES: The success of that governance. Let me say what your compliance wouldn’t allow you to say. 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. They really did.
People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. BERRUGA: Yeah.
And from a public market, that sounds like it’s a compliance and conflict nightmare. Unless we really course correct very hard, very dramatically, and by dramatically, I mean, the level of government activation that we had in World War II. You guys approach it differently. WENGER: In our LPA, we can write checks up to $100,000.
00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. So any compliance people listening, I’m just spitballing here. That’s Barry saying it. 01:11:54 Right?
I mean, if you take out the government spending, you probably are on a recession in a private economy. And that’s your focus on government, both fiscal and monetary support for the economy. You’re looking at all these different aspects of the market, of the economy, of, of various government policies. And we did.
And that’s — it’s a better form of governance because you’re like a family business since you don’t have 90-day reporting. RITHOLTZ: So it’s different math then I need 100x winner versus 99? You don’t have to worry about third parties. You can be very rational. KLINSKY: Yeah.
00:10:47 [Speaker Changed] So in the additive services that Orion offers now are financial planning, compliance, CRM services, risk and analysis portfolio construction and advisor portal and investor portal. Other times they’re very, very focused on governance. That’s right. So tell us a little bit about that.
I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. The areas of risk and indebtedness are sitting in the, the, on the government balance sheet. What was the career plan?
Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.
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