Michael Green - The Active Impact of Passive Investing (S5E1)
Flirting with Models
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Taking Into Consider Your Opponents
i think there's like a 95 % chance your product goes to zero at some point over the next two years. We've seen multiples of those in the past couple of years. Long story short, on a three point nine % decline in the s and p on february fifth, two thousand 18, the product went to zero. i made a point of explaining to my counterparties at merril and j p morgan and a couple of other places, i know you want to hold this risk. I know you think i'm crazy for doing this. O i'm not mistaken.
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