Greg Lippmann
10 statements across 1 episodes · 2 bullish · 2 bearish · 1 people on the record · first statement Sep 12, 2022 by Greg Lippmann · said 2 times in 1 episodes since 2023 · across every show →
On the record as a speaker too: Greg Lippmann's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Vincent Daniel (2)
tap a year for its mentions
Everything said about Greg Lippmann, oldest first
Sep 12, 2022 positive
Sep 12, 2022
Lippmann: LibreMax uses AI and quantitative models solely as screening tools
“We're not a quant shop in the sense that we don't take that price, but what we use this for is a sifting mechanism, right? So we'll put 10 bonds through the system, and that system will say, hey, I think you should buy these five, and you should avoid these fi…”
Sep 12, 2022 bearish
Lippmann: Slow-growth 2000-vintage mortgages had 28% defaults and 50%+ losses
“But if you looked at the bottom quartile for houses, they were going up three to four percent per year, and 28% of the people were defaulting. And we were losing 50, 55 cents on the dollar when they did, because of the similar type of slippage.”
Sep 12, 2022
Sep 12, 2022
Lippmann: Only 3 of 20 most likely LP prospects invested in LibreMax launch
“If you had given me the list of, say, 40 people I called, and you told me, write a list of the 20 most likely and the 20 least likely, I would have got, like, three right. Like, three of the 20 most likely gave me money, and 17 of the 20 least likely gave me m…”
Sep 12, 2022
Sep 12, 2022 neutral
Lippmann: In 1991 banks manually phoned mortgage servicers to track delinquencies
“And at the time there was no Bloomberg really. Bloomberg was existed, but it was a very, very minor thing. And all the banks had their own internal mortgage backed security departments and whatnot. And so there was a huge demand for people to Call up the mortg…”
Sep 12, 2022 positive
Liar's Poker inspired Greg Lippmann to join Wall Street despite its warnings
“So the beginning of the book, The Big Short, he said, well, he wrote Liar's Poker as a cautionary tale. He didn't want people to go into Wall Street, is what he thought. And people read that book, including me, and said, this is exactly what I want to do, righ…”
Sep 12, 2022
Lippmann: Finance workers must figure out how to add value before expecting training
“This isn't summer camp, like we're paying you, you're not paying us. So like figure out, and that's what I learned from him, figure out how to add value. And then along the way, we'll train you as opposed to it's our job to train you.”