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Transcript: Matt Levine

Barry Ritholtz

And so the thing we were doing was sort of solving like often securities law or tax or accounting problems for people with like derivatives. So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right?

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Transcript: Cliff Asness

Barry Ritholtz

But within the market, the so-called security markets line is pretty much entirely flat and has been in sample and out of sample for a ridiculously long amount of time, in a ridiculously large amount of places. My mom was a math teacher so — RITHOLTZ: Okay. They’re paying a market price for the security.