Transcript: Joel Tillinghast, Fidelity
Barry Ritholtz
DECEMBER 12, 2023
He developed the Ginnie Mae contract, which at one time was a big thing in treasury bond contract. They announced a $640 million loss and ouch. But if, if it has a history of not being profitable, you you really want to exclude that. Low price stock has historically had some very large concentrated positions. So big loss.
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