Remove Accounting Remove Concentration Remove Financial Modeling Remove Retail
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Transcript: Joel Tillinghast, Fidelity

Barry Ritholtz

Joel Tillinghast : Well, okay, G, when he was six, my grandfather, who was a bookkeeper accountant at a textile mill died and my grandmother was a second string violin at the Providence Symphony Orchestra, which didn’t pay well then, and I suspect didn’t pay well now. It’s what the much maligned retail investor was doing.

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Transcript: Ken Kencel

Barry Ritholtz

So you would see pretty high concentrations of, you know, $100 million, $200 million, $300 million, all essentially sitting on a single balance sheet of the bank. In our case, they’re held by separately managed accounts, commingled funds, publicly registered vehicles, et cetera. You said no restaurants, no retail, no oil and gas.