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CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. All our economic actions are taking place across time.
RITHOLTZ: You guys do everything from quantitativeanalysis to macro. How do you contextualize the economic data and the broad stamp recession when you’re thinking about managing risk? How does this impact global trade and other economic factors? RITHOLTZ: Right. TROPIN: They use multiple time horizons.
You get a BA in Economics from Hamilton College. So I was hired to be the quantitative analyst. Quantitativeanalysis was really starting to gain momentum and everybody thought they needed a quant of one form or another. Everybody wants to sell a company when they get a good valuation. You get an MBA from NYU.
And one of the worst performing factors has been valuation. So we’re now in an environment where all the 45-year-old portfolio managers out there have been, have worked their entire careers in these momentum fueled markets, and they’ve been trained to believe that valuation doesn’t matter. Yes, I know.
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