In this interview, Nancy Davis discusses her experiences at Goldman Sachs' Risk Arbitrage desk in the 1990s, highlighting the unique risk management strategies employed, such as using options as "debit cards" to define maximum loss upfront and focusing on profit-taking rather than stop-losses. She contrasts this with traditional methods and emphasizes the psychological advantages of knowing the risk from the outset. Davis also shares her contrarian view on the market, suggesting the potential for stagflation and the value of long optionality payoffs. She touches on the importance of being coachable and open to feedback, reflecting on her career as an entrepreneur and CEO. Finally, Davis introduces iVol as a tool to mitigate stagflation risks and provides information about Quadratic's ETFs, inviting listeners to explore their transparent investment products.
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