Remove Construction Remove Math Remove Planning Remove Profit and Loss
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Transcript: John Hope Bryant

Barry Ritholtz

And so these were two stories, maybe three, before I’m 9-years-old of bad economics, bad culture, and a bad business plan. Different risk tolerance and different business plan. When you’re going to chill in the evening, I’m preparing my next business plan. They have a dumb business plan. RITHOLTZ: Right.

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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

So we could construct trades that had very, very low premiums to sell this volatility to, to basically join the consumer on their side of the trade, which is in essence buying insurance on, on the bonds that were exposed to these great risk. But 00:15:04 [Speaker Changed] It takes that long for the losses to get through to the securities.

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Transcript: Cass Sunstein

Barry Ritholtz

So I thought, you know, I was in the Justice Department, I clerked for the Supreme Court, I had career plans, and the idea of just sitting in an office and thinking, what ideas do I have, that didn’t feel really like living. And it was a bonfire of thinking, in a constructive, bonfires destroy, Tribe didn’t destroy anything.