We Study Billionaires - The Investor’s Podcast Network

RWH038: The $2.6 Trillion Man w/ Rick Rieder

14 snips
Dec 24, 2023
Rick Rieder, Chief Investment Officer at BlackRock, oversees a staggering $2.6 trillion in global assets. In an insightful discussion, he shares lessons learned from a disastrous investment early on and reveals the critical importance of leverage, liquidity, and cash flow. He distinguishes between meaningful and meaningless news, appreciates the challenges of bull markets, and talks about the current economic outlook. Rieder also explores ways to capitalize on high bond yields while maintaining a work-life balance, showcasing his remarkable dedication and resilience.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Early Loss and Lessons

  • Rick Rieder lost big on a Hydro-Quebec bond early in his career.
  • This taught him about risk management and the importance of sizing positions.
INSIGHT

Beyond Intellect

  • Geniuses don't necessarily make the best investors.
  • Savvy, communication, and teamwork are also crucial, as seen with Bart McDade.
ANECDOTE

Casino Wisdom

  • A casino CEO taught Rieder that people leave when they lose a certain amount, regardless of the odds.
  • This highlighted the importance of avoiding ruin in investing.
Get the Snipd Podcast app to discover more snips from this episode
Get the app