Danny Moses - The Big Short and Beyond - [Invest Like the Best, EP.34]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Investing, Business, Technology

4.8 • 2.4K Ratings

🗓️ 25 April 2017

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation with mortgage-backed securities during the financial crisis, and how to build a portfolio to bet against the U.S. housing market. We cover his part in the Big Short story, but also lots of other interesting ground, including the state of sell-side research and financial markets. I love conversations with traders because they live and breathe market risk. You’ll be able to see why quickly in this great conversation with Danny Moses.

For comprehensive show notes on this episode go to http://investorfieldguide.com/danny

For more episodes go to InvestorFieldGuide.com/podcast.

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Follow Patrick on Twitter at @patrick_oshag

Transcript

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0:00.0	This podcast is sponsored by CFA Institute,
0:02.4	the Global Association of Investment Professionals,
0:04.8	whose mission is to lead the investment profession
0:06.9	by promoting the highest standards of ethics,
0:09.1	education, and professional excellence
0:10.9	for the ultimate benefit of society.
0:13.0	CFA Institute serves a global community
0:15.0	of investment professionals,
0:16.5	working to build an investment industry
0:18.2	where investors' interests come first,
0:20.2	financial markets function at their best,
0:22.3	and economies grow.
0:23.8	The Chartered Financial Analyst credential
0:25.5	is the most respected and recognized
0:27.4	investment management designation in the world.
0:30.2	The views expressed in this podcast
0:31.7	do not necessarily represent the views of CFA Institute.
0:38.8	Hello and welcome everyone.
0:40.2	I'm Patrick O'Shanasi and this is Invest Like The Best.
0:43.2	This show is an open-ended exploration
0:45.0	of markets, ideas, methods, stories,
0:47.8	and of strategies that will help you better invest
	...

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