Remove Healthcare Remove Leverage Remove Math Remove Treasury
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Transcript: Steven Klinsky

Barry Ritholtz

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. The highest interest rates in U.S.

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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. And, and that is, you know, the treasuries were so low that you could be, have a 4%, 5% yield, even 3% on a real estate investment and still have a nice cushion over treasuries. I have no family history.

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Transcript: Rick Rieder

Barry Ritholtz

You know, people are comfortable, leverage builds. But since you mentioned getting return on the risk you take, how do you think about duration when the three-month Treasury is more or less the same or better than the 10-year? Healthcare, education, not hugely cyclical, not interest rate sensitive. RITHOLTZ: Oh, really?

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Transcript: Gretchen Morgenson

Barry Ritholtz

In fact, I think Secretary of the Treasury at the time said the market will work out these things and they will not become a problem. Now, They have seized on healthcare as a huge industry to really dive into, to invest in. And the difficulty with healthcare is that you are not supposed to put profits ahead of patients.

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Transcript: Liz Hoffman

Barry Ritholtz

They don’t let the reporters into the fun stuff, but it’s a bunch of CEOs with Steven Mnuchin, the Treasury Secretary, and they’re all yakking about this, the big theme that year, as it often has been since then, was environment, ESG, and they’re all talking about the kind of corporate babble that you hear at these things.

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Transcript: Howard Lindzon

Barry Ritholtz

The transcript from this week’s, MiB: Howard Lindzon, Social Leverage , is below. So with no further ado, my discussion with Social Leverage’s Howard Lindzon. HOWARD LINDZON, MANAGING PARTNER, SOCIAL LEVERAGE: Hello, Barry. The next step from there was that Social Leverage. This all is leverage from the network.

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Transcript: Gary Cohn

Barry Ritholtz

It’s, it’s no different But, but inherently in futures, a whole lot more leverage, a whole lot more risk. You’re doing a lot of math in your head on the Fly. I’m doing, I’m doing an awful lot of math in my head on the fly. Hank Paulson had left to go become treasury secretary.

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