Sean Dobson
The Strategist
The long view, patient, analytical, playing several moves ahead.
Sean Dobson reads as The Strategist because he maps terrain before others realise a map is needed. At Amherst he built systems tracking one hundred million assets in real time, modelled default risk as a consumer option, and made the decisive call to exit subprime permanently, not as reaction but as the conclusion of exhaustive prior analysis.
“But that number has been a six handle for the last 50 years, right? So 60 something percent of people own their homes. The inverse of that number is the people that don't own their homes. So that number has been between 30 and call it 30 and 25% for a very long time.”
“That's fascinating. The ecosystem of real estate has been hard for me to follow coming at it from the fixed income markets. So just understanding the various players, what they do and how they're motivated has been something I wish I would have just sat down and mapped out early on because understanding how people are sort of economically…”
“It was happenstance. I took a temporary job at a brokerage firm in Houston, Texas the summer after high school, between high school and college. Really as the office runner runner around picking up people's dry cleaning, grabbing lunch, opening the mail, that sort of thing.”
“Exactly. And so we thought, okay, we've been pricing complicated options our whole career. So let's just price the option to default as if it is a financial option. When you do that, and then you looked at the types of loans that are being originated.”
Masters in Business: “Sean Dobson on the US Real Estate Industry”
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