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Real Vision: Finance & Investing

Nancy Davis: When a Little Luck and a Lot of Hard Work Pay Off

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 3 June 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

From a prop trading desk to the NYSE on IVOL's launch day, wiz portfolio manager Nancy Davis shares her journey. Nancy Davis, the founder, and CIO of Quadratic Capital Management, has enjoyed a storied career, from a post-grad career at Goldman Sachs to being on the opposite side of the famous London Whale Trade and launching her own ETF. She joins Maggie Lake to share how the highs and lows have shaped her winding road. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey everyone, if you like this podcast, go behind the paywall to get privileged access

0:06.8

to the smartest minds and finance.

0:08.9

Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get

0:16.1

10% off our essential membership for the first year.

0:19.0

Join the ReelVision community and learn how to become a better investor.

0:22.1

And add to the top analysis of today's markets.

0:31.0

Hi everyone, welcome to another edition of My Life in Four Trades.

0:34.4

Joining me today is Nancy Davis founder of Quadratic Capital Management.

0:38.7

Hi Nancy, welcome to My Life in Four Trades.

0:41.7

Thanks for having me on, Maggie. It's great to see you.

0:44.0

I feel like we, uh, we represent spring is in the air, right?

0:47.6

Today. That's right. Yeah, and pink. I love it.

0:51.6

Well, before we jump into your trade, so on My Life in Four Trades, we do two of your best

0:56.4

trades, two of your worst trades, but before we jump in, it's our traditions to learn a little

0:59.7

bit about your background. So where did you go up and what were you like as a kid?

1:04.8

Um, I would describe myself as dirty and outside all the time.

1:10.0

I never wore shoes. I was always in a, you spent probably a third of my life in a magnolia tree

1:16.5

in the yard. And I was always outside and running around. So

1:21.6

a free spirit. Were you, were you into sports or were you, were you always sort of

1:26.5

in academics? What were you, what were your interests? What were you had just been your time?

1:32.2

I definitely like sports. Um, my, uh, my father is a musician. So I also played a lot of musical

1:38.7

instruments growing up. And I, uh, I was a stand-up basis for my high school's orchestra, which

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