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19 results for “valuation risk”
Concept10 mentions across episodes
valuation
Topic7 mentions across episodes
valuation
Concept3 mentions across episodes
valuation risk
...risk. A major world war that engulfs The United States, that would be considered a risk. A major, major fundamental currency decline,
30:48 / 31:58
from transcript30:48 – 31:58
...risk that you want to quantify. The first thing that you do is you figure out what that risk is, a full distribution of outcomes. And then you look at the instrument set that's out there in the marketplace starting from the most reliable and, surpris
32:15 / 33:23
from transcript32:15 – 33:23
...risks are you worried about? Let's set aside the geopolitical. We could talk about that all day. The big risk that I see in markets that I think is ignored is the risk of illiquidity, and I see it in all sorts of places. I see it with private equity
38:11 / 39:41
from transcript38:11 – 39:41
...risk is the capital allocation. Maybe you choose the wrong market, and I talked about how maybe you were expecting that market to be one to four competitors where you're gonna have those higher margins, but it ends up being a six plus market. Or mayb
48:00 / 49:02
from transcript48:00 – 49:02
...in Florida wind now is significantly different than it's ever been in the past. We spent a lot of time underwriting the risk, the market, and we've built a decent size exposure to that. We actually have four verticals that we operate within the reins
49:26 / 50:40
from transcript49:26 – 50:40
...risk management? One way to think about it is taking this developed market, emerging market, dichotomy. In developed markets, you would say, what's my value or risk? What's one standard deviation, two standard deviations, blah blah blah. In emerging
43:31 / 44:31
from transcript43:31 – 44:31
...risk premium. I think you just have to underwire the wider distributions of scenarios in everything that you're doing. From a macro perspective, it doesn't take much to destabilize markets. The market is not just all on one side of the boat. Everyone
52:22 / 53:33
from transcript52:22 – 53:33
...risk. There's shortfall risk, which is the probability that over time you will just not meet your liability stream. So you need to have a portfolio that gives you a fighting chance to get there over long periods of time. And that's just a candid conv
10:35 / 11:40
from transcript10:35 – 11:40
...risks that are increasing within the overall system. The real risk that I think is rising is that with all of these multi manager shops that have scaled beyond belief, really, that are highly leveraged, the way that their risk management approach wor
38:55 / 40:08
from transcript38:55 – 40:08
...risk, the macro risk often are the most important risk in any asset you're looking at in a specific emerging market. We don't think we're good at that. We haven't had a lot of great reps. Years ago, I would say I I was better at that, but I think the
29:13 / 30:20
from transcript29:13 – 30:20
...is one risk management instrument that is more or less always liquid and always tradable, and having expertise to use that instrument is really important. This is why you put a monoline private equity guy out there in Mexico who just knows how to do
44:58 / 46:01
from transcript44:58 – 46:01
...that we're taking? Or are there risks in here that we are not aware of or that we don't wanna be taking? We first embed that risk management for sure in the fundamental analysis. By definition, if we're identifying a pool of alpha that we think exist
31:30 / 32:36
from transcript31:30 – 32:36
...risks. Low liquidity stocks are always gonna have certain types of risks that don't exist in high liquidity stocks. But when you think about these factors, these do not strike you as iron laws of how markets work, that you will at some point get comp
32:55 / 33:59
from transcript32:55 – 33:59
...alternative risk premiums, is based on this idea that you can go and sell volatility in various forms, explicit forms or implicit forms to generate income. So Everybody's doing it. Yeah. That's the answer. Everyone even more people are doing it. So w
15:40 / 16:45
from transcript15:40 – 16:45
...exposure that you might have in the portfolio. You know, as a endowment investor, that your nominal return goal is gonna be high enough that you need a very healthy dose of equity in there. It's gonna have to be at least half of the portfolio, probab
26:15 / 27:25
from transcript26:15 – 27:25
...risks were not. So delivering a risk being an example of that. The biggest risk is that it is a relatively attractive strategy, and competition is going to show up. As soon as the IPO window stays open for long enough that the nondistressed m and a m
32:15 / 33:15
from transcript32:15 – 33:15
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