The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Liz Hoffman leads as The Navigator, reading financial complexity the way a pilot reads instrument panels. She tracked early tremors in repo markets and commercial paper before the broader crash registered, evidence of an instinct for signals over noise.
“Know you never know why some, I mean, this is true at a daily journalism job or a book. You never really know why anyone is talking to you. And, you know, again, because of the way this book came together, I had to kind of go out and say, here's what I'm trying to do. I think you have a good story to tell.”
“Totally. And so this was like an understaffed financial regulatory apparatus run by someone pretty unknown that I'm not sure the street specifically had a ton of confidence in. And I think really nailed it. So there's two pieces to this, right? There's the fiscal, the stimulus side, which is Congress.”
“Know in my reporting, these are people who should have had the best lines of sight in the world, they run global businesses, they've got regulators and government officials on speed dial. They sometimes are regulators and government officials. And they were totally blindsided. And, you know, there's two ways to look at that.”
“Goldman Sachs. He was infuriated. I tell that story because I think it sets the table for this fight that we are somehow now, two years later, still having. I am, I would say, at the risk of being called like a capitalist shill.”
Masters in Business: “Liz Hoffman on the Pandemic Stories Impacting Markets”
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