Solomon: A manager's hardest task is foreseeing peripheral risks
Jeffrey Solomon · Jeffrey Solomon – Vision, Tenacity, and Empathy (Capital Allocators, EP.09) · May 30, 2017 · at 16:01
Jeffrey Solomon, President of Cowen Group, discusses behavioral investing and contagion risks during financial crises.
0:00 / 0:06exact quote · 6.8s
720p mp4 · rendered on demand · StarZero watermark
“The hardest thing to do as a manager is to have peripheral vision and understand how something at the periphery might impact something in the middle of your vision.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jeffrey Solomon
Solomon: Passive investors drastically underperform active managers on a dollar-weighted basis
“And so when you look at, if you just do a an adjustment for the performance and passive product, just take the S and P and look at when people entered and exited as a proxy, or look at volumes as a proxy for when people entered and exited, they actually haven'…”
Solomon: Many ETFs Carry Major Liquidity Mismatches With Underlying Assets
“There are, in many ETFs, significant mismatches between the liquidity that the ETF promises and the underlying liquidity of the instruments.”
Solomon: Underlying market liquidity across all asset classes has never been worse
“So we've been in the most low volatility environment in my time ever investing, and liquidity in the underlying markets has also never been worse across all asset classes.”
Solomon: Index volatility will spike massively when passive investors de-risk
“We will see index vol a spike at some point in my life. I'm a hundred percent sure. And when it does, we don't quite yet know how that, how far that will go, because we just don't know how deep people are going to de-risk. And when they do, they're going to se…”