Peter Borish on Lessons From the 1987 Market Crash

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 23 June 2023

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Radio host Barry Ritholtz speaks with Peter Borish, who is chairman and chief executive officer of Computer Trading Corporation, an investment and advisory firm whose largest consulting client is the Canadian Imperial Bank of Commerce (CIBC). Borish was previously founding partner and right-hand man to Paul Tudor Jones at Tudor Investment Corporation, where he was director of research for 10 years. Borish also previously served as chief strategist for Quad Group LLC.

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0:00.0	This episode is brought to you by Acre Trader Financial LLC,
0:04.3	making farmland investments available to individuals through a simple online platform.
0:09.8	Visit Acre Trader.com slash masters for a free guide to this low volatility investment.
0:16.2	Join Bloomberg in London on July 6th for foreign direct investment,
0:20.4	scaling new heights. As the Gulf region emerges as a powerhouse for economic growth,
0:25.2	executives explore how international investors can best capitalize on the opportunities
0:30.2	presented by the region, from logistical hubs to expanded tourism.
0:34.5	How can investment into the Gulf fuel growth and innovation on a global scale?
0:39.2	Speakers include leaders from Siemens, Oliver Wyman and more.
0:42.7	Learn more at bloomerlive.com slash new heights.
0:47.8	This is Masters in Business with Very Reholtz on Bloomberg Radio.
0:55.4	This week on the podcast, oh I have an extra special guest.
0:59.4	Peter Borsch, founding partner number two at Tutor Investments, where he worked directly
1:05.6	with Paul Tutor Jones, most famously helping him put on a very aggressive short position,
1:13.3	heading into the 87 crash, and then covering not in the mayhem of that Monday,
1:19.4	but pretty close to the bottom tick on Tuesday, really just a fascinating career, a unique
1:25.8	perspective on markets, not only did he serve on the Brady Commission looking at the 87 crash,
1:32.5	but his history of investing and trading and public service, both at the Fed and the Chicago
1:41.5	Board of Trade and Treasury Department, really unparalleled as well as just a pretty amazing track record.
1:49.2	As an investor and trader and as a philanthropist, one of the co-founding trustees at Robin Hood,
1:55.7	really a fascinating character. I found this to be a master class in a humble approach to markets
2:04.4	and being aware of your own limitations in order to obtain the best possible results as a trader
	...

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