Matthew Rothman
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 21 September 2017
⏱️ 71 minutes
🧾️ Download transcript
Summary
Bloomberg View columnist Barry Ritholtz interviews Matthew Rothman, the head of global quantitative equity research at Credit Suisse and a senior lecturer in finance at the MIT Sloan School of Management. He was hired a few years before the financial crisis hit to be the global head of quantitative research at Lehman Brothers (and then moved to Barclays Capital, following the Lehman bankruptcy). In the midst of the quant crash in 2007, he published “Turbulent Times in Quant Land,” which became the most highly distributed research note in Lehman’s history. He is a huge Bruce Springsteen fan, and as an analyst often weaved song lyrics into his research notes.
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| 0:00.0 | This episode is brought to you by Acre Trader Financial LLC, providing access to farmland investments. |
| 0:07.1 | Unlike commercial real estate, farmland shows historically lower volatility in times of financial stress. |
| 0:13.7 | Visit Acre Trader.com slash masters for a free guide to farmland investing. |
| 0:19.5 | Meet Sam. Sam is 30 years old. Sam may not act the part, but he's a billionaire. |
| 0:25.0 | But on December 12, 2022, everything changes for Sam. |
| 0:29.2 | And what he calls a screw-up, the US government calls one of the largest frauds in history. |
| 0:35.2 | From Bloomberg and Wondry comes a new series, |
| 0:38.2 | Spellcaster, the fall of Sam Bankman-Freed. |
| 0:41.3 | Listen to Spellcaster on Amazon Music, the iHeartRadio app, or wherever you get your podcasts. |
| 0:46.4 | This is Masters in Business with Barry Rittoltz on Bloomberg Radio. |
| 0:57.6 | This week on the podcast, I have an extra special guest. His name is Matthew Rothman, |
| 1:02.4 | and he is the director of quantitative strategies at Credit Swiss. |
| 1:08.6 | He is really a fairly legendary guy in the world of quant. |
| 1:13.4 | He very specifically warned Lehman Brothers when he was a relatively new hire there |
| 1:20.1 | about some of the problems that they were looking at with their quant strategies |
| 1:24.9 | and asked questions that they really dismissed and laughed at. |
| 1:29.2 | What do you mean we might go out of business? That's the dumbest thing we've ever heard. |
| 1:33.2 | He's also been profiled in a number of places. |
| 1:37.6 | If you read Scott Patterson's The Quants, you can find him referenced throughout there. |
| 1:42.8 | Pretty much the first guy to figure out what happened during the quant quake of 2007. |
| 1:49.6 | We're just about a decade past that. |
| 1:54.4 | One of the first people who really figured out how this happened, |
... |
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