Jack Somers

4 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Oct 20, 2022 by Jack Somers · across every show →

On the record as a speaker too: Jack Somers's record, appearances and statements → this page counts the times other people say the name.

Everything said about Jack Somers, oldest first

Oct 20, 2022
Disclosure
Sommers: IR+M Cut Issuer Limits After Concentrated Portfolios Burned Them in 2002
“And then from an investment side, we definitely, in our early days, Ran very concentrated portfolios that I don't think fully took advantage of the ability to diversify away idiosyncratic risk, and we got burned in 2002, and we said we got to change this, so w…”
Jack Somers Oct 20, 2022 ▶ 15:15 Jack Sommers – Core Fixed Income at IR+M (Manager Meetings, EP.39)
Oct 20, 2022 positive
Disclosure
Sommers: IR+M Avoided High-Risk Credit Ahead of the 2008 Crisis
“And then from a investing perspective, if you think back to 2006 and 2007 and what was going on, we basically said no to the quote, picking up pennies in front of the bulldozer. That, in hindsight, was obviously a very good decision. That was huge.”
Jack Somers Oct 20, 2022 ▶ 13:55 Jack Sommers – Core Fixed Income at IR+M (Manager Meetings, EP.39)
Oct 20, 2022
Disclosure
Sommers: Failing to Delegate Held IR+M Back in Its Early Years
“It's just a sign of not delegating enough, not trusting other people enough, and we have done a lot of delegating, but it's been too late and not enough, and certainly in my early years, that held us back for a long time.”
Jack Somers Oct 20, 2022 ▶ 33:38 Jack Sommers – Core Fixed Income at IR+M (Manager Meetings, EP.39)
Oct 20, 2022 negative
Opinion
Sommers: Market Pundits Display Arrogance Driven by Polarized Political Discourse
“I hate to bring politics into this, but the political conversation has become so polarized and hyped up, and sometimes I feel like our pundits are falling into that same trap where they just display this incredible arrogance.”
Jack Somers Oct 20, 2022 ▶ 32:05 Jack Sommers – Core Fixed Income at IR+M (Manager Meetings, EP.39)
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