The Big Picture

JUNE 23, 2025

It’s sort of like math with dollar signs attached to it. Barry Ritholtz : When I think of hedging risk on the fixed income side, not specific to that era, which was kind of unique, I think, of interest rate, risk, credit risk, the underlying security that subsequently gets securitized. I really like it.

Mergers and Acquisitions (M&A)

Barry Ritholtz

SEPTEMBER 12, 2022

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. And ultimately, to make a very long story short, I fell in love with derivatives. So derivatives were a part where I was very intimidated.

Investments

Barry Ritholtz

AUGUST 15, 2023

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. 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. How would you have done?

Investments

Barry Ritholtz

AUGUST 29, 2023

And the ETF, the ETF wrapper, allowed people to get that exposure inexpensively, holding it in a brokerage account. And you had to take on significant duration risk and credit risk just to earn a couple percentage points. Follow me on Twitter @barry_ritholtz until I get back my hacked Twitter account @ritholtz.

Investments

Barry Ritholtz

FEBRUARY 13, 2023

But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off?

Mergers and Acquisitions (M&A)

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

Profit and Loss

Barry Ritholtz

JUNE 3, 2024

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.

Math