Manny Friedman

11 statements across 2 episodes · 7 bullish · 3 bearish · 1 people on the record · first statement Jul 23, 2018 by Manny Friedman · across every show →

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

Everything said about Manny Friedman, oldest first

Jul 23, 2018 positive
Opinion
Friedman: TARP was brilliant and its critics misunderstand systemic risk
“And they did a brilliant, remarkable job. I can't believe that people still complain about TARP and what the government did. It's really because they literally lack an understanding of how the system works. How interconnected all the system is.”
Manny Friedman Jul 23, 2018 ▶ 20:12 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018 positive
Opinion
Friedman: CRISPR is changing the world with frightening potential
“The biggest thing I'm looking at is CRISPR, which is literally changing the world. It scares the hell out of me because of what its potential is. That's the basic gene editing technique that came out of Stanford, MIT, and Harvard, but it's just mind-boggling w…”
Manny Friedman Jul 23, 2018 ▶ 21:01 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018 positive
Insight
Friedman: Finding multi-year tailwinds is more important than individual genius
“What makes people smart in the market or geniuses in the market, there are no geniuses in the market, period, is to find those tailwinds. If you can find those tailwinds, that's what makes you brilliant.”
Manny Friedman Jul 23, 2018 ▶ 29:05 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018
Disclosure
Friedman: Lost substantial money in 2008 despite anticipating the crisis
“That doesn't mean I didn't lose lots of money on the financial crisis, because even when you know something, you sometimes have trouble acting.”
Manny Friedman Jul 23, 2018 ▶ 15:46 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018 negative
Insight
Friedman: Unknowable macro shocks pose the greatest financial system risk
“To me the biggest risk of the financial system is that gigantic macro unknown, and therefore it's an unknown, and we don't even know what it is, and so that is always what fools everybody, and it's that, that massive non-linear effect that takes place.”
Manny Friedman Jul 23, 2018 ▶ 28:22 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018 positive
Assertion Supported
Friedman: Houston Oil & Gas went 10x in months on gas discovery
“I had begun to look at oil and gas stocks, and one of my big recommendations was Houston Oil and Gas, which went from 10 to a 110 in a period of maybe Four months because it was at a big, gigantic gas discovery in what we called then the state waters. State wa…”
Manny Friedman Jul 23, 2018 ▶ 9:38 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Mar 18, 2019 bullish
Opinion
Friedman: Opportunity Zones are the biggest capital reallocation effort in his lifetime
“It's the biggest thing I've ever seen in my lifetime. To reallocate capital and let it flow and let it change the different parts of the country and let it equalize the economic areas of the country.”
Manny Friedman Mar 18, 2019 ▶ 7:14 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 18, 2019 bullish
Prediction Open · timeframe Mar 2024
Friedman: Opportunity Zones will attract over $1 trillion in capital
“Right now it's probably seven, eight trillion dollars, but it's growing in another two and a half trillion dollars every year, and so that over a period of time, we believe at least a trillion dollars of capital is going to flow from one area, one geography, t…”
Manny Friedman Mar 18, 2019 ▶ 8:11 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 18, 2019 negative
Opinion
Friedman: The Community Reinvestment Act has largely been a failure
“The truth is, it's been a failure to a great extent, because there's so much paperwork, it's so artificial at times, that you make non-economic investments, and the money disappears, and that gets people upset, gets everyone upset.”
Manny Friedman Mar 18, 2019 ▶ 18:58 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 18, 2019 negative
Opinion
Friedman: Congress and the administration display unprecedented childishness and political regression
“When I watch Congress, and when I watch the administration, I feel like I'm back, not in the seventh grade, I'm back in the first grade, and I just can't believe it, and especially when all these people were, growing up, were my heroes, and I've never seen suc…”
Manny Friedman Mar 18, 2019 ▶ 43:02 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 18, 2019 bullish
Prediction Not checkable as stated
Friedman: Non-taxable allocators will invest in Opportunity Zones for higher returns
“There's no specific economic incentive. It's just they're going to get a higher return on their money. Do you want to be downtown New York, which where jobs are going to be moving out from, or do you want to be in Brooklyn or the tip of New York? Do you want t…”
Manny Friedman Mar 18, 2019 ▶ 17:10 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
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