23min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH038: The $2.6 Trillion Man w/ Rick Rieder

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Chaos of Financial Institutions

This chapter discusses the experiences of the speaker in witnessing the chaos and downfall of two major financial institutions, EF Hutton and Lehman Brothers. They highlight the impact of these experiences on their understanding of how things can fall apart in a world of entropy. The speaker also reflects on the importance of managing the business model, asset liability mix, liquidity, and innovation to avoid disruptive failures.

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