This episode is brought to you by Acre Trader Financial LLC, making farmland investments

available to individuals through a simple online platform. Visit Acre Trader.com slash masters

for a free guide to this low volatility investment. Welcome to the good stuff. I'm Jacob

Schick, a third generation combat Marine. And I'm his co-host and wife Ashley Schick.

We believe everyone has a story to tell, not only about the peaks but the valleys they've

been through to get them to where they are today. We're joined by some amazing guests who share

the lessons they've learned that shape two they are and what they're doing to pay it forward and give

back. Listen to the good stuff on the iHeartRadio app Apple podcasts or wherever you get your podcasts.

This is Masters in Business with Barry Redholz on Bloomberg Radio.

This week on the podcast I have an extra special guest. His name is Paul Wilmot and if you are

remotely interested in anything having to do with quantitative finance, then this is the podcast

for you. He is not only a colleague and peer of such esteemed quants as a manual German and

Nassim Talab who is really more of a pure mathematician but he is the purveyor of the world's

largest website on quantitative finance. He has written numerous books on textbooks on quantitative

finance. He has helped create the certificate for finance, quant work and he has just been

absolutely on the forefront of identifying what's wrong with financial models, markets,

derivatives, risk-taking. There are a few people who understood why the financial crisis of

0809 was coming more specifically and earlier than he did. Eight years in advance he was warning,

hey, these models are really problematic and they're going to result in big problems.

They're going to result in real issues and he turned out to be not only right generally but

what he was criticizing specifically turned out to be a large part of why markets and credit went

through its collapse. So with no further ado, here is my conversation with Paul Wilmot.

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