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Back in March, Reventure Consulting CEO Nick Gerli posted what you see below on X, the social media platform formerly known as Twitter. The growth-focused Nasdaq Composite was hit even harder during the declines in 2001 and 2009-2010. But in the rare event that M2 meaningfully declines, pay attention ! 16, 2023, U.S.
And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $369,349 !* C3 AI and Microsoft will create joint webinar sales collateral to train the Microsoft and C3 AI sales forces on our joint offering solutions and value propositions.
So, until the financial crisis of 2007 and 2009 or however you go — you actually time it, I was in this finance bubble. Any kind, collateral, non-collateral. They don’t have collateral. So, that was that and then comes the financial crisis. I was teaching corporate finance. I did research, theoretical research.
Brian Higgins has put together a amazing track record handling distressed and stressed debts, as well as other forms of credit real estate collateralized obligations. 2022 was the worst year for hedge funds since 2009, the s and p 500 down 20% bonds down 14%. In 2017, you launched a collateralized loan obligation business.
And he said, “Well, it has to be this and that “and it has to be collateralized with a letter of credit.” So I think that argument is very valid in those couple of years, 2009, 2010 probably, maybe 2011, which was a tough year for hedge funds. ” And I was like, “What?” RITHOLTZ: Right.
Not, not terribly busy in 2007 to be honest, but in 2008, 2009, 10, it was by far the busiest time in my career in investing. If you have a job as a young person in finance, whether it’s in investment banking or consulting or, or buy side, sell side, you have it really good. Advice number two is remember that you have it good.
And so graduating right into 2009, right out of the financial crisis, I said, I don’t think I’m gonna get a job. It just seemed to be, oh, there someone got liquidated and had to sell immediately, sell down a large levered position, and oh, there’s someone who couldn’t meet a collateral call.
Most of the work actually sits in quarterly and six monthly and annual reviews of existing loans and making sure the book is priced, as well as collateralized and covenanted, the right way. And what I'm hearing is that people don't want to be caught the same way in 2009, '10, '11, and '12. That's how we're testing the market.
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