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Transcript: Graeme Forster, Orbis Investments

Barry Ritholtz

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. And they go on longer and longer and obviously more profitable for the states that run the lottery. And then I was looking for something more applied.

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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.