Credit Risk
topic on 5 shows · 5 statements across 5 episodes
Latent Space 
My First Million 
WTF is with Nikhil Kamath 
Capital Allocators 
the a16z Podcast
5 statements about Credit Risk, every show
Danieli: Credit risk must be managed, structure controlled, and fraud avoided
“We're always thinking about credit risk, which you need to manage, structure risk, which you need to control, and fraud risk, which you need to avoid, totally.”
Marc Rowan: Lenders cannot make credit decisions on 20- to 30-year horizons
“As a lender, you know this. You are diversified. You are senior where you perceive risk. You look for a hard collateral. And you accept that you can't make a decision for 20 or 30 years. You can make a decision for three or five or seven years in what we're do…”
Dalio: Earning interest on gold-linked assets reflects credit risk, not ownership
“So what you're getting paid for is credit risk, right? So it's not gold. It's a promise to get your gold back, right? Then that's what money was. And that's why it would have an interest rate. You have an interest rate that on the promise to get your gold back…”
Glyman: Card issuers keep most interchange because they absorb credit default risk
“And so the issuer in interchange is traditionally keeping most of that interchange. And the reasons actually makes sense when you think about it, you know, especially in credit, they're taking on the risk. They're saying that merchant, we will pay you know, ev…”