https://minutesof.com/on/risk-management/ Everyone on the record about risk management: 17 verbatim quotes from 5 people, May 2022 to June 2026, in one chronology, each with a timestamp and a link… en Sun, 30 Aug 2026 22:33:12 +0000 https://minutesof.com/q/de022ed1-ab53-4b6d-b4cc-64c6aa9ee479/ https://minutesof.com/q/de022ed1-ab53-4b6d-b4cc-64c6aa9ee479/ “Culture is not “soft,” or secondary. Culture is an operational asset. It is a form of resiliency, a non-technical redundancy, a backup system for judgment” — John Williams, NY Fed speeches risk management https://minutesof.com/q/02a06e01-70b1-48cd-99df-adf0316d60ff/ https://minutesof.com/q/02a06e01-70b1-48cd-99df-adf0316d60ff/ “Meanwhile, in the NCCBR market segment, use of repo haircuts is fairly infrequent, with two pilot data collections in the NCCBR segment by the Office of Financial Research showing the majority of transactions involving Treasury securities had zero haircuts.” — John Williams, NY Fed speeches risk management https://minutesof.com/q/269052a3-894a-43ca-a4bb-419e37ce7d80/ https://minutesof.com/q/269052a3-894a-43ca-a4bb-419e37ce7d80/ “This is the critical shift: We are no longer simply using technology to manage risk—we are using technology that is actively shaping how we perceive and interpret risk.” — John Williams, NY Fed speeches risk management https://minutesof.com/q/78b6730f-c5fc-457d-b69c-2bb441627408/ https://minutesof.com/q/78b6730f-c5fc-457d-b69c-2bb441627408/ “We have risk functions that operate in review cycles, but technologies and business processes that operate in real time.” — John Williams, NY Fed speeches risk management https://minutesof.com/q/d8f33f76-07e0-4c1d-a3ac-8e1005782920/ https://minutesof.com/q/d8f33f76-07e0-4c1d-a3ac-8e1005782920/ “And part of that means with everything you do, some part of your body has to be saying, yes, but how do we prepare for less optimistic times?” — Howard Marks, Barron's Fri, 12 Jun 2026 17:53:42 +0000 risk management https://minutesof.com/q/8f4657ab-6c98-4b2f-94c3-bb9a890c5beb/ https://minutesof.com/q/8f4657ab-6c98-4b2f-94c3-bb9a890c5beb/ “Our exposure to levered lending, which people sometimes call private credit is de minimis. Rounds closer zero than to 1% came in at 0.4%. Our exposure to software, 0.1%.” — Marc Rowan, Castify Earnings Call Mon, 25 May 2026 09:45:14 +0000 risk management https://minutesof.com/q/06bc2e66-5637-4113-8c75-07565b98b63f/ https://minutesof.com/q/06bc2e66-5637-4113-8c75-07565b98b63f/ “Nobody will give you money to invest during a crisis. We had pre raised it. And you have to have the nerve to spend it.” — Howard Marks, Wharton School Tue, 21 Apr 2026 16:17:40 +0000 risk management https://minutesof.com/q/b96643f5-9b4e-49c5-9ee5-67bd667121da/ https://minutesof.com/q/b96643f5-9b4e-49c5-9ee5-67bd667121da/ “If you were a good risk manager, you are going to make more money this year and next year if it continues than you ever have before because you've been risk off.” — Marc Rowan, Bloomberg Television Tue, 03 Mar 2026 17:37:35 +0000 risk management https://minutesof.com/q/41132f7d-c38a-4330-8491-1d4a7f8279c8/ https://minutesof.com/q/41132f7d-c38a-4330-8491-1d4a7f8279c8/ “If 30% of your portfolio is in one industry and that one industry is being impacted by technology, you have not been a good risk manager.” — Marc Rowan, Bloomberg Television Tue, 03 Mar 2026 17:37:35 +0000 risk management https://minutesof.com/q/69087dc7-0270-4d2e-8a9a-2de3b1c71146/ https://minutesof.com/q/69087dc7-0270-4d2e-8a9a-2de3b1c71146/ “And there are companies of which we are one, but not the only one who went all first lien, who went almost all cash pay, who went large companies, who work with low leverage.” — Marc Rowan, Bloomberg Television Tue, 03 Mar 2026 17:37:35 +0000 risk management https://minutesof.com/q/d03ccdde-a5e9-4bbb-aa7b-5df4d77f49a8/ https://minutesof.com/q/d03ccdde-a5e9-4bbb-aa7b-5df4d77f49a8/ “That felt really good on the way up. That's not going to feel so good on the way down.” — Marc Rowan, Bloomberg Television Tue, 03 Mar 2026 17:37:35 +0000 risk management https://minutesof.com/q/e407860c-3f16-48b6-a8a6-5d0389ccf09b/ https://minutesof.com/q/e407860c-3f16-48b6-a8a6-5d0389ccf09b/ “Buffett says most things best. He says, the less prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own affairs.” — Howard Marks, Brookfield Mon, 23 Feb 2026 18:35:50 +0000 risk management https://minutesof.com/q/a424b6b3-be4e-4e33-881e-86d109c31028/ https://minutesof.com/q/a424b6b3-be4e-4e33-881e-86d109c31028/ “By April, we were tiny in terms of our overall exposure to the market because of our fears about I came on this program and talked about, you know, the Navarro nuclear option around tariffs.” — Brad Gerstner, CNBC Television Tue, 06 Jan 2026 18:25:41 +0000 risk management https://minutesof.com/q/6118b905-7668-440d-a17b-7da597a4960c/ https://minutesof.com/q/6118b905-7668-440d-a17b-7da597a4960c/ “Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 16:52:46 +0000 risk management https://minutesof.com/q/82c9eb8d-85ea-462c-9019-514f103f6e1d/ https://minutesof.com/q/82c9eb8d-85ea-462c-9019-514f103f6e1d/ “For us, our our net exposure today is 60%. Like I said, we started the year at 93.” — Brad Gerstner, CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 risk management https://minutesof.com/q/c48a9c99-bedf-4b86-9e35-d9fc20c9ea57/ https://minutesof.com/q/c48a9c99-bedf-4b86-9e35-d9fc20c9ea57/ “Approach is very simple, cut off the bottom tail. That's what this guy in the Midwest did.” — Howard Marks, Goldman Sachs Thu, 30 Jun 2022 15:18:25 +0000 risk management https://minutesof.com/q/7dfb4ca9-25be-40bc-8072-a9faa927e97c/ https://minutesof.com/q/7dfb4ca9-25be-40bc-8072-a9faa927e97c/ “the best way to protect yourself against the downside is to enjoy every last bit of the upside.” — Bill Gurley, All-In Podcast Mon, 23 May 2022 05:10:20 +0000 risk management