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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire : Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share. Social Leverage recently launched its 4th fund.

Math 59
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Stakes Rising In The US-China AI Race

Global Finance

However, Xavier Ferràs, associate dean of the Executive MBA program at Esade Business and Law School in Barcelona, Spain, points out that China’s market and economic systems are less efficient in leveraging these investments. Rogoyski, University of Surrey: It is potentially the most powerful technology that humankind will ever invent.

Economics 111
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Auto Insurance Premiums Big Digital-First Shift

PYMNTS

As Preston told PYMNTS, the math is fairly simple: “People just drove less, so they ended up saving.” As the traditional carriers offer payment relief, he said, in March, Metromile gave 30 percent of premiums back to customers across the eight states in which it operates without having to offer refunds or do anything differently.

Math 82
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Transcript: Brian Higgins, King Street

Barry Ritholtz

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. You know, I, it always, I I see different numbers all the time, so it’s always kinda like, who’s math if you will? 00:02:16 [Speaker Changed] Me too.

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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. If you wanna do a development, forget about construction loans, which are almost impossible to get right now. What better investment outcomes could we have by leveraging our data? I have no family history.

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Transcript: Mike Green, Simplify Asset Management

Barry Ritholtz

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. That’s amazing leverage. We forget that most people didn’t have the skillset around Excel, et cetera.

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Transcript: Ilana Weinstein

Barry Ritholtz

.” It’s really helpful to have had five other meetings with people who sit at analogous funds that had losses that were just as big, and in fact, they may have contributed to those losses more and be able to tell him, first off, your fund, just by my math, has a $250 million management fee. So it’s obvious.