The Ledger, every show

“So I gave them this big Wilshire book of 400 pages. It had this strategy, and I said, this is the kind of book that you typically get from a consultant. And it was a manager that was on the board of NASDAQ, and he was doing this and that. Eight billion dollars…”

“After the crisis, because you had a lot of schools that basically were illiquid because they had hedge funds that locked up on them, private equity distributions, and these schools didn't have the money to pay their distribution. So they were stuck. And now so…”

“Bridgewater has about eight factors that drive their return. And you know what they are, their country, their currency, their momentum, duration, spread. And they can tell you, they have the sheet. And when we run our returns-based analysis, we get very close …”

“37,000 Americans died in car accidents in 1955. That's six times today's rate adjusted for miles driven. And it was because seat belts were a 27 dollar upgrade And 90% of people didn't want that upgrade.”

“You know, I had in 2008, we were down 13% in our larger portfolios and I still had Jamie Dimon calling me at home wanting his Lehman, his Bear Stearns, one 30 30 seed fund money back.”

“Looking at Wake Forest again, they had lost two, 28% in 2008 before I joined.”

“For Wake Forest, 85% of the payout goes to financial aid.”

“So you're spending fifty million dollars every year, And you're bringing in 14.”

“Duke is five billion with 28 people. We're awake with 700,000,006.”

“And we were paying, you know, 75 basis points for some of these managers that now charge three and 25. But we've been there for 15 years, and we've got capacity.”