Remove Concentration Remove Credit Risk Remove Economics Remove Education
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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. 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.

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Transcript: Ted Seides

Barry Ritholtz

SEIDES: That allows you to make charitable bets based on long-term educational beliefs. What was interesting was I had said to him, “Well, let’s make this really educational. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So back in 2007.

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Transcript: Ken Kencel

Barry Ritholtz

KENCEL: — or somebody who’s a teacher, and so I’m passionate about education. 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. You raised another $11 billion in capital, despite the economic environment.