In this rare, in-depth interview, William Green chats with superinvestor Rick Rieder, who oversees about $2.6 trillion at BlackRock, the world’s largest asset manager. Rick, who probably manages more money than any other investor on Earth, has an enormous range of responsibilities: he’s BlackRock’s chief investment officer of Global Fixed Income, head of the firm’s Global Allocation Investment Team, & Chairman of the firm-wide BlackRock Investment Council. A true titan of the investing world, he recently won Morningstar’s 2023 award for Outstanding Portfolio Manager.
IN THIS EPISODE, YOU’LL LEARN:
- What Rick Rieder learned from a disastrous early investment.
- Why he focuses relentlessly on leverage, liquidity, & cashflow.
- How access to vast amounts of data gives him an edge.
- How he distinguishes meaningful news from meaningless noise.
- Why he gets grumpy in bull markets & relishes periods of dislocation.
- What great investors like Ray Dalio & David Tepper have in common.
- How Rick views the current economic outlook.
- How to take advantage of the “incredible blessing” of high bond yields.
- How he operates on 4 ½ hours of sleep.
- Why he loves to trade in the middle of the night.
- How he handles extreme levels of stress & responsibility.
- How he’s maintained a happy family life, despite a fanatical work ethic.
- Why his hero is Cal Ripken, the Iron Man of baseball.
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📖 BOOK MENTIONED:
- Richer, Wiser, Happier by William Green: amzn.to/3EC7aUT
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ABOUT OUR SHOW 🎙
On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.
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