YouSaid · the spoken record

Boaz Weinstein

lines on the record: 112
first: 2022-05-13
most recent: 2022-05-13
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Get tracked into recency bias, and this is the way things are, and this is the way they'll be. They're not imaginative enough about what can happen. And it's those extraordinary things that happen where the real amazing payouts are, you know, maybe an example now of something that hasn't worked. There are probably some currency pegs that people assume are going to be there forever. You just have to be right one time in 100 years and you're going to get paid back 500 times or 100 times. And things, I think with what's happened now with Ukraine and Russia and COVID and China and inflation, I think we're in a world where the impossible can be possible and we should think creatively about a range of outcomes instead of what's the central theory.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“If I could go back, I would tell myself that my imagination for how crazy things could get is not enough. You know, if you think about like, if you took the government bond traders of Pri8 and sent them to the moon and left them there through years and brought them back and tell them that interest rates are, oh, you're back, you know, here's your newspaper. Interest rates are negative. I think a lot of them would think like you're playing a prank on them. We have Swiss rates negative to 50 years. It's not just a three-month bond. Like 30 years negative. And so I think the market never will cease to surprise and people.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“As an investor, I mean, this is an amazing question. As an investor that has to think about when is it cheap enough? What's the discount one needs on a spec or on a closed-in fund or the mispricing between a credit and an equity to put on a trade? I think that...”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Of it. And if it's about business, there's almost nothing that would be too aggressive for someone to do, like showing up at a meeting they weren't invited to that 50 people are in. It's not a secret meeting. And I think young people who want to get ahead do those things.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Know, I had people over the years Very frequently at Deutsche ask me, let's say they were summer intern that wanted to get a full time job or as a person in operations that wanted to get a trading job. And they'd say at the end of the summer or at the end of some period, how do I get a job on the trading desk? And I would sometimes, and we were pretty good about actually giving those opportunities, I'd say to the person who didn't deserve it, let's say, well, you know, we have this 730 meeting where all the traders go over their top positions and the sales force ask questions. Why haven't I seen you in those meetings? Oh, I didn't, my job starts at eight or that's, I didn't know I could go to those meetings. There's decisions like that. Like, should you go to that meeting? Or should you read the week's research and ask a question, even if you work in operations, or even if you're a summer intern and a reasonable person on the other end should look at that with loving eyes? And I feel like some people want it, but they don't do the things they need to do to deserve.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So I tried to read it as a college student and I kept trying because I knew this is a book that's people who think that they can understand complicated things should read. And I loved parts of it. I need to give it another look because it's been 30 years.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“That people in our community read about different topics about whether it's finance related or skill versus nurture nature, there's a book called Range by David Epstein that I thought had some really interesting chapters that I was unfamiliar with, whether it's the spatial disaster I was a little familiar with or violinists of the 18th century. It's really a tour de force. You can get the basic ideas from it pretty quickly, but I quite enjoyed it.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, so I'm going to reread against the gods now that we had this awesome conversation about Peter Bernstein. I'm not that into reading the latest book. I've gone back and read some books that I should have read before. So this last few months I read The Power Broker by Carroll just feeling a little bit interested in my own personal history and this trip to Yad Vashem. Quite recently I reread Man Search for Meaning by Victor Frankl. But a few years ago a book that is kind of one of those books like that”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“25 years old. And there's no one to really learn about credit orders from because the thing's brand new. And my two bosses actually left the bank six months after I started. So I really was alone in the wilderness during LTCM and Russia. And it was an incredible experience. I was the most junior person on the desk and the most senior because it became a group of one. And they let me in 99 hire some people in the rest of his history”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So, my start is because a woman who went to Hunter Elementary School as a kid put up an ad at Hunter and it's Duvesent where I went looking for someone to come in after school and help her arrange meetings and put cards in folders and listen to read stock research in my spare time. So that was Janine Crane. I'm still close with her to this day. She was a high net worth broker at Merrill and I worked there from 15 to 17. And then the great David Delucia from a liars poker who ran the junk bond desk at Goldman, the chess player who gave me my start at Goldman was an incredible mentor to me. But Barry, I think the importance of having someone that you can ask those questions to and why did this happen and what do you think and why did you sell this are so crucial when you're young but when I got into credit of so 1998 January 98 I joined Deutsche I'm still only 24”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So good. I have to tell you, there are so many lines of his that are just so quotable and they're just, I think the writing is brilliant. And the show, I'd give it an A- but his lines are an A plus. So that's what I finish. I'm about to start season two of Tehran. And my wife is from Tehran. And in season one, right in the heart of COVID, before Apple started streaming it, an Israeli show in Farsi and sometimes in Hebrew. And so my COVID memory is my in-laws and my wife doing simultaneous translation for me because there was no English subtitles. I certainly couldn't understand the Farsi. And so that was a really nice family activity. And I thought that was really a great show.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Sure. I definitely watch my fair bit of TV. I'm doing with one eye. So the other eye, at least when my kids are asleep, I'm definitely following the market's extra closes here. But I just finished the first six episodes of Slow Horses with Gary Olden.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Basically, one of the best things that ever happened to me at Deutsche Bank, I knew at Credit Suisse. She was so good as my salesperson that I would forego that benefit to have her at the bank and I help bring her in.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“It started going up, and I'm holding this big plastic thing that I can't even get rid of, and it gets pulled from my hand. And what seemed like way too many seconds, it's up in the corner of the elevator door, and I'm thinking the dog is dead because the elevator went up and came down bouncing around, but it was totally okay. So my dog wagon career was literally almost ended in one cut. But when I was a kid, I did that. But two years later, I was working as a summer intern and after school at Merrill Lynch. So Stephanie really got me with that one. She is...”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“My parents wouldn't let me watch TV, and the Sony Watchman had come out, and black and white TV about two by two. And this is the 1980s. And so I thought if I had some money, I could buy one for $100. And so I used to walk dogs. I grew up in the upper west side, which was not the safe place it is today back then in the late 80s. And I tell my kids that in one instance I had one of those extendable leashes. The dog ran ahead, ran into the elevator, elevator closed. Oh, boy.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Never really went below 20 last year for more than a day or two, even in tranquil times. Go back five years earlier, 20 was like a, you read alert, you know, all we're in a we're in a correction or a bear market, but we've been between 20 and 40 since COVID. And I think these volatile times are going to stay with us.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't think those investors are sophisticated on equity options, but for many of them it worked. And it was an incredible moment, but it reminds me that that love of call options started the summer before. Softbank set up an entity to trade short-term call options on the tech names they liked. And the sellers of these options, the sellers of all, whether it's puts or calls, you know, basically blew up during COVID, short vol funds that had done incredibly well when there was no Vol, not surprisingly blew up. And so you didn't have the supply, you had the demand. And so I see today, you know, NFTs are kind of like an option. They have an asymmetric payout that people are in love with option like payouts. And as a consequence, VAL is elevated even in benign times, even last year. Barry, you've been, you probably know way more about the VIX and the history of it than I do, but the VIX.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Think there's a lot to the story and We've seen cases where somebody's too short and they didn't realize being too short can create its own problem. And that could be the entire investment thesis is. If we push it up high enough, they have to be squeezed out. And it more becomes a supply demand thing. But I also see that in 2021, right around the time that people are getting stimulus checks and the rise of, and you see NFTs taking off and crypto taking off even another leg higher, that there's basically been a degradation the importance of what something ought to be worth, what the value ought to be, and the price of something is much more determined by the physics of it. The push and the pull and not about economic models, more about physical models. And so you see the combination of people buying out of the money call options, whether it's with their stimulus checks or their net worth, and it working. And I saw, you know, in the heart of game stuff. So we were basically uninvolved, but I couldn't resist.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and we're now in a world maybe you're supposed to look at charts in the 1970s. And we're talking given where inflation is, and we should all be super humble because prediction is a very hard business. And I think the problem is that people who predict the loudest, you know, get the most attention. Boy, is it tough sledding right now? This market's so challenging”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“It kind of drives me crazy because when I get asked well, what does your crystal ball tell you? I say, first of all, this is the wrong time. You know, it's foggy. It should be. Like people get so used to recency bias, what's been true for the last month, what's been true for the last three years. Extreme.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“I actually think that one was the next day. Unbelievable. Intraday. Intraday. So, you know, don't say what's not going to happen for 3,000 days or whatever and get it wrong the next day. There should be a Murphy's law. There should be someone should name the what that law is where if you say it, you're damning yourself. So I see way too much hubris overconfidence even in the face of giant losses. And it really...”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So, you know, you want to say something about what will happen in five years, we're not going to remember in five years whether you're right or wrong, but we're going to remember when the thing you said wouldn't happen happens the next day. And I saw it also a few weeks ago, one of the big banks said oil will not be lower than 100 for the remainder of the decade”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“And by the way, great claims should be backed by great evidence at Carl Sagan. I didn't see the evidence. But she said also that something that really kind of, it's a pet peeve of mine. She said the lows for ARC were in January, and this is in February. Guess what happened within two days?”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“This is a humbling market, and it's not particular to Kathy Wood, but I think I've seen a number of cases where people are way too confident about the future. And if they were up 50, it'd be one thing. If you're down 65, probably there's an extra dose of humility. So one thing I thought was kind of telling there was in February, I don't remember which program it was on and said some of those calls that you mentioned, Barry, about Bitcoin and making 50% a year.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so we're actually tracking Arc quite closely because the ARC portfolio is not altogether different than the list of companies that SPACs are requiring. They're all future innovative, unprofitable tech companies. Think flying cars. And so we've seen what happened to ARC. And one thing we like about SPACs is that all the deals that will be struck here from now on are going to be struck at the current market, whereas in ARC, you're really hoping for it to return to the glory days of the past. But I think there are some good deals that can be made in this more difficult environment. And so those warrants you own in a spec are struck at the market. They're not out of the money. If you think about if you had a long-dated option on ARC that's very far out of the money now. Now, as far as her confidence, I do witness, you know, if someone's down that much.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Whereas, if you're short of stock, think GameStop, the stock doubles. You have to recognize your risk more than doubled or at least doubled because now you have twice the market value. And the more it goes up, the bigger position is, the more credit protection, the more shorting bonds, let's say, goes against you, the smaller your exposure is. And so one of the things about credit is it's an accordion. There's a boundary. And in those moments where owning volatility and owning protection was not the best thing to have, credit spreads were ultra low, and really you just couldn't lose much more. And maybe that's part of where the confidence came from.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and also the other thing is in my world, so the credit market could not be more different than the equity market in a way that people, I think, don't appreciate. So let me tell you. So if I'm short and credit spreads are going tighter and tighter. So now let's say the spread on high yield is two and a half percent or 3%. There is a boundary condition where it's not going to go below X. There's still going to be a couple of defaults.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“That I have all the upside if things turned around. And I think it's surprising to me that more institutions Make that investment, even if it doesn't look amazing in that exact moment, but they, there's a lot of enterprise value that is there for that turnaround. And so...”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“It's the greatest puzzle. It's a game, but it's important. It's people's financial future. And I love it. I love it. And it made it, it's especially fun when you're winning, but it made it very tolerable even when I was in. And I have a great competitive drive to not give up. And maybe some of that is the fortitude even just from thinking about my grandfather and so forth. And then secondly, you have to be so thankful for where you are that you could be in an industry that has this type of compensation that when times are tough, you need to actually dig into your pocket and fund the business a little bit. And I think there's some managers when the going got rough and they didn't have bonuses to pay people. It folded. And in our drawdowns, we went through some periods where I was willing to invest back into the firm, earn nothing in those years for myself, but knowing.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the first thing is you have to love what you're doing. And I think back to that three-year drawdown, and it was not severe, the losses were not severe per year. It just took a long time. I loved even then coming into work. I love the markets.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Drift issue or some whatever issue, and they're over in a year. And I think it is a fragile business. We're seeing a fund now trying to figure out what to do. Should it launch a new fund? Should it shut down the old one? After a long success and then a failure. And I think that having been through drawdowns myself, I went through a period from the time Mario Draghi said, trust me, it's enough. And I should have trusted him. So from that period of, let's say June 2012 to maybe June 2015, I couldn't, you know, I couldn't get anything right. And to be able to come through that and out the other side and not succumb to the fragility problem of hedge funds is actually something I'm more proud of than the good years we've had. And I can maybe even if you like tell you a bit about why I think we survived.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Really put skin in the game into practice by having something in the upper 90% of my net worth. Now, there have been times where I see venture tech and all sorts of growth stocks going up a lot, which is not my expertise. And I wonder, should I diversify? And so I'm having these thoughts right now, Barry. Like, should I into this giant swoon, you know, diversify a bit into things with other managers or index funds that I don't have any personal domain expertise like tech? But thus far I've really ate my own cooking and the last few years at states did very good. There have been years where it didn't. And I think to the second point about fragility, you do see a lot of funds that go through periods where they're amazing and then they'll hit a bump. And if the bump lasts more than a year or year and a half, sometimes they're just done. And without mentioning any names, they're a long list of funds that were more than 10 billion had some kind of style.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“And no one forced me to do it, but I've had effectively all of my net worth that is in investments in Saba funds because I want to eat my own cooking. I want to have skin in the game. I think it sets the right example. And also, you know, it's not so bad to be able to invest without fees in a fund, which at the moment, my own fund is the only one that is not charging me fees. And I have a number of different strategies.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so look, I think that skin in the game, so the hedge fund manager having enough exposure so that if the fund is going to do very poorly, and we've seen a number of funds this year, even news breaking today about a fund that is down 44% this year, that you want not from a Schadenfreud perspective, but just from an equity and fairness perspective, you want the manager to have a lot of money invested in their funds so that they're treating that fund like they would their own personal net worth and not literally.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So I think maybe I kind of am in between because I think if Cliff is saying that tail protection is not worth it, well, I beg to differ there. But they had, yeah, you're right. They had quite a big spat. Something that I've thus far managed to avoid in my career.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so it's a little bit like why when people have that intuitive understanding of why the Monty Hall problem works, why does that behind the door there's a prize behind one door? There's a lion and the guy shows you, the host shows you the empty door. Do you make the switch? It's because the host already knows that there's nothing behind that door. And so you already know that anything you can say that allowed you to have more S&P risk into the biggest S&P rally.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“A long time with the SP and you pick the SP no less. And so when he was comparing the apples to apples, he was taking the gains that his tail protection allowed by adding on top of it the gains of S&P over treasuries. But he has the benefit of seeing that this was a world where S&P happened to have beaten treasuries. What if S&P had done worse in treasuries? That wouldn't be true.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“So he wrote a paper that tail protection is not additive to portfolios and that caused Taleb to really critique not only the paper, but also AQR's returns. And they got into a big Twitter spat, which Cliff seems to do every now and again. And I was reading it really as an outsider looking in, but as being an expert in some of this, and I feel like some of the praise that Taleb was giving himself was You can't just look at what this 2% that we invested out of your 100 cents, you took two and bought this Dale protection did. He says, well, what did it allow you to do with your 60-40 plan? Instead of being 60-40 equities bonds, you could go 98 or 97 equities and 2% me. And because of me, you got to have all these stocks that beat bonds, you know, mercilessly until for.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so you picked another guy who's twice as smart as me, but he handles it with grace and humility, how bright he is. And he sounds like a vaudeville comedian.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Not just misquoted about 4,000, but affirmatively talking about it, I think you're doing the investment space a disservice to talk about returns like that. When we talk about our returns and in the way that you've talked about them, it's all the exact same way that we know returns to be, which is return on assets, not return on the return you made on the AUM, not return on an options trade you did. And so I did it for fun. I looked under their framework of what the return was for us. It was not 4,000%, but because we had very little negative carry, just like we were talking about before, it was actually 12,000%. But it's a gobbledygook number.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“We spend premium as we go. So we spend, let's say it's 20 basis points a month, so 0.2, well, every three months we'll spend 60 basis points. We'll spend 2.4% a year. And on that batch of protection, we paid 20 cents on. We got back 40 times our money. We got eight points. So 20 cents went to eight points. Batch beforehand and the batch before that, and before that that expired worthless. Did you see them say they lost 100%? They lost 100%. So we have investors that say, well, how do you make 4,000%? I mean, my God, like people who make 40% are legends. So if you run around.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, so that's the thing. If I'm talking Fahrenheit and all of a sudden you want to talk, forget Celsius, you want to talk. Kelvin. You want to talk Kelvin? Yeah. You got to say Kelvin. Because you end up having false expectations and reporting by the innocent journalists, but they were not saying annualized. What they are saying is.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“On to Universa, they have said to Bloomberg, in fact, to Eric Schatzker, and to many other places that they made $4,144 in 2020. 4,000.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Even if it were true, so the hubris, the arrogance, so anyway, so look, let's fast forward a number of years. I'm now at a different JPMorgan conference, not talking about the London whale. They've had me back, and I'm speaking, and I get off the stage, and now they're introducing Nassim Tileb. And instead of, you know, with me, they're like, okay, he played chess. He's Deutsche Bank, whatever. With Teleb, they say, He speaks 26 languages, and they say 50 other things, and he's given it to them. And he speaks 26 languages, put your hands together for an assimilation to lab. He gets up and he says, I have to make a correction. I speak 27 languages. But he's not kidding. He needs to make that correction. And so he's brilliant. But, you know, I have to tell these two stories because we got to keep it interesting.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“You not read my book. That's in the range. What's not in the range when someone says that to another person at that venue and I'm from Deutsche and Common Decency, he says Peter Bernstein is not a very intelligent man.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“I want to reread it when I get off the show. Absolutely. 100%. Taleb somehow has gotten Bernstein to say the most wonderful things about Fool by Randomness. And so what am I going to say to Taleb? I don't know him. He sits down and I say, you know, I haven't read your book, but Peter Bernstein on the flop jacket, he said, you know, he said something that was so strong and I really loved against the gods. Now, there's a range of answers that one can say back.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“And I read the flapjacket. And Peter Bernstein, who was one of, has written one of the great books about risk and finance.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“And so I'm at Deutsche Bank, and I'm still a pretty young guy. I'm speaking at a conference that we're having in Barcelona, and he is the lunch speaker. Okay, I'm the Deutsche whatever speaker, and he's the entertainment for lunch. And so we've been all given in our satchels, his book, Fooled by Randomness, which is a classic. Absolutely. I had not read it. So he's showing up. I'm sitting with them at some cocktails.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“Brilliant guy. He's the smartest guy in the world just ask him, but he happens to be. But he happens to be super smart. I don't know if he's a smart guy. But anyway, but I had a couple of experiences from afar or from close I'll share with you so we can have a little fun.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source
“I've never been a first of all, let me say, before I say I've never been a fan of. Naseem Tilab, his IQ is twice as high as mine.”
2022-05-13 · Masters in Business · Boaz Weinstein on Credit Investments · IDENTIFIED FROM THE TRANSCRIPT · source