article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire : Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share. Social Leverage recently launched its 4th fund.

Math 56
article thumbnail

Auto Insurance Premiums Big Digital-First Shift

PYMNTS

As Preston told PYMNTS, the math is fairly simple: “People just drove less, so they ended up saving.” As the traditional carriers offer payment relief, he said, in March, Metromile gave 30 percent of premiums back to customers across the eight states in which it operates without having to offer refunds or do anything differently.

Math 82
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Crowdsourcing Data’s Double Edge

PYMNTS

The engineering background, he said, enables him to speak the math- and jargon-heavy language employed by many of the company’s clients, and to make sure his own employees don’t try to pull one over on him. “It He said he hopes to leverage the company’s “first mover role in the marketplace to stay ahead of them.”. consumer.

article thumbnail

Do the Masses Know Best? When it Comes to Lucrative Data, Maybe So.

PYMNTS

The engineering background, he said, enables him to speak the math- and jargon-heavy language employed by many of the company’s clients, and to make sure his own employees don’t try to pull one over on him. “It He said he hopes to leverage the company’s “first mover role in the marketplace to stay ahead of them.”. consumer.

article thumbnail

Transcript: Cathy Marcus, PGIM Real Estate

Barry Ritholtz

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. If you wanna do a development, forget about construction loans, which are almost impossible to get right now. What better investment outcomes could we have by leveraging our data? I have no family history.

article thumbnail

Transcript: Rick Rieder

Barry Ritholtz

You know, people are comfortable, leverage builds. You know, the leverage in the system builds. You know, part of why I read inventory numbers at retailers, you know, you talked about semis earlier, I think you have to think about the whole construct of what’s driving topline revenue for companies. Where are we?

article thumbnail

Transcript: Ilana Weinstein

Barry Ritholtz

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. So it’s obvious.