Remove Credit Risk Remove Education Remove Math
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Why AI Risk Tech And Banks Could Be A Match Made In Heaven

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But it occurred to them that their solution was useful outside of HR — and that many of the things that made someone a good hire of over time could also make them a good credit risk over time, if the artificial intelligence (AI) model they were using to screen with were modified to that task.

Banking 89
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Transcript: Rick Rieder

Barry Ritholtz

But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much credit risk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off?

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

There are an endless variety of business models and seeing how people operate that, it’s really an education, one that I think a lot of people coming out of school don’t think about, because you think about the sexy things. And you had to take on significant duration risk and credit risk just to earn a couple percentage points.

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Transcript: Ted Seides

Barry Ritholtz

SEIDES: That allows you to make charitable bets based on long-term educational beliefs. What was interesting was I had said to him, “Well, let’s make this really educational. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So back in 2007.

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Transcript: Jeffrey Sherman, DoubleLine

Barry Ritholtz

And so I, and I don’t mean attending class for your own education, but I meant if you want to teach, you have to go to the local schools, Jeffrey Sherman : Order a course, watch a teacher, do what you’re studying to do and say, Hey, is this for me? The, the math came easier. And I really hated physics, really.

Math 57
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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

Barry Ritholtz : So, so let’s talk a little bit about your career in real estate, but before we get to that, I just gotta ask on your LinkedIn under education, it says, didn’t graduate, none working for a living. And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages.