The Better Letter

JANUARY 26, 2024

In June 2017, Dent predicted a “ once in a lifetime ” crash in the stock market, the economy, and in real estate over the following three years. If you doubt me, ask Japanese investors how “ stocks for the long run ” has performed for them, or ask risk managers how VaR worked for them during the GFC.

Assets 103

Assets Valuation Management Investing 103

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

AUGUST 16, 2022

The firm that he’s built is one of those very quiet, very successful entities that without a whole lot of media coverage, without a whole lot of fanfare, just amassed an enormous amount of capital because they’ve done so well for their clients over time. With no further ado, my interview of GCM’s Ken Tropin.

Management 296

Management Assets Risk Management Valuation 296

The Big Picture

APRIL 18, 2023

BARATTA: Wind, solar, electrifying the economy, getting off of oil and gas, and it’s all kinds of companies engaged. BARATTA: The media conglomerate? BARATTA: A growing economy, zero cost to capital, markets compounding at 15, 16, 17 percent. The first deal we looked at was in France. RITHOLTZ: Sure. RITHOLTZ: Yeah.

Assets 154

Assets Investing Investments Valuation 154

The Big Picture

APRIL 4, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill Asset Management, CEO, Founder, President. And then I left there and joined a number of my colleagues from Drexel and launched a business that as it turns out, was pretty much a carbon copy of the business we have today.

Banking 143

Banking Management Investing Investments 143

Risk Management Guru

JUNE 29, 2020

Most likely it would be quite difficult to find any subject matter expert who is willing to share their past failures in predicting future outcomes, this would tarnish their reputations and strip away their “expert” badge they wear proudly at social events and on media outlets. The story briefly goes something like this.

Risk Management 52

Risk Management Economics Education Medicine 52

The Big Picture

AUGUST 23, 2022

And I was kind of intrigued and so I said, can we discuss it, and he laid it out on a conference table and I said, what’s this number? And then I said, what’s this number down here, and he said, this is last year’s earnings. And that number was $160 million. BROWDER: I just gone the risk management committee.

Government 315

Government Banking Numbers Investing 315

The Big Picture

NOVEMBER 28, 2023

And the media does a great job of letting me know what those stories are. Twitter and social media does a spectacular job. And, and if we’re gonna be objective and put some numbers on it, as much as we all would prefer lower rates, we’ve had 18, 19 months of rising rates. trillion a crazy number. Absolutely.

Banking 253

Banking Media Economics Food 253