Andy Redleaf
person on 1 show · 6 statements across 1 episodes
On the record as a speaker too: Andy Redleaf across every show, appearances and statements → this page counts the times other people say the name.
6 statements about Andy Redleaf, every show
Redleaf: Post-2008, Whitebox cut fees by $30M while financing costs rose $30M
“In the immediate aftermath of the crisis, you know, white box, we lowered our fees by about thirty million dollars a year. And our financing costs went up by about thirty million dollars a year.”
Redleaf: Decentralized market allocation is dead in favor of state-directed capital
“I think the very central idea that, you know, like sort of markets are better than markets, individuals better than institutions, et cetera. You know, I do, I think that's dead, and I think the world really wants institutional, wants to go back to sort of inst…”
Andy Redleaf: Warren Buffett is an above-average investor, but an elite borrower
“And I've always thought that Warren Buffett is not a great investor. He's a, he's an above average good investor. He's good on the asset side. He's the world record holder. He's the absolute best borrower in the world. And had sort of a unique model, and that'…”
Redleaf: Structured derivatives bypassed institutional restrictions on direct option writing
“There were lots of sort of institutions that could own a single security that was a covered call, but they couldn't own the stock and write a call. So it was an option product to be marketed to institutional investors, opposed to, you know, sort of the standar…”
Redleaf: I could always borrow more money than was prudent
“One of the things that's sort of remarkable is for all of my career, I've been able to borrow more money than was prudent.”
Andy Redleaf shared a three-person Gruntal prop desk with Steve Cohen
“The prop desk at Gruntel was three people. My boss, Ron Acer, a kid six months older than I am, who you may have heard of, Steve Cohen, and me. Gruntel, at the time, had capital of eight million dollars. We used a little more than two, and really the rest of t…”