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Navigating Financial Crises: Lessons Learned and Market Dynamics
The chapter explores the speaker's experiences and strategies during significant financial crises, focusing on bond market turmoil in 1994, and subsequent crises in 1998 and 2008. It reflects on proactive risk management, scaling positions in response to market conditions, and navigating the impact of events like the Asian crisis and the collapse of Long-Term Capital Management. The speaker also discusses transitioning to set up a hedge fund during the 2008 financial crisis and the interconnected nature of the financial industry during turbulent times.