Masters in Business: Jack Rivkin

In this week’s “Masters in Business” podcast, I speak with Jack Rivkin, former head of research at Lehman Brothers, former chief investment officer at Neuberger Berman and now CIO at Altegris.

Rivkin tells the story of joining Lehman Brothers when its equity research department was ranked dead-last in the institutional investor rankings. Within three years, he took the company from worst to first in those rankings, which include metrics such as client approval, revenue and influence. The results were so startling that Lehman Brothers became the subject of a Harvard Business School case study. The methods Rivkin used – tracking precise metrics, diverse hiring, cross promotion and offsite retreats – have become fairly standard today but were unusual for their time.

For his success, Rivkin was fired by Dick Fuld, the chief executive officer. Several years later as CIO of Neuberger Berman, Rivkin was reunited with Fuld when Lehman acquired Neuberger.

You can download the podcast here or on iTunes, or stream it at SoundCloud. All of our prior podcasts are available on Apple iTunes.

Next week, we speak with Robert Shiller, a Yale University professor of economics and Nobel Prize laureate.


Category: Podcast

Digital Journalism and Investing on Charlie Rose

On “Charlie Rose,” a conversation digital journalism and its affect on financial investing. We are joined by Josh Brown, CEO of Ritholtz Asset Management; Joe Weisenthal of Bloomberg News; Felix Salmon, senior editor at Fusion; and Megan Murphy of Fast FT.

Source: Bloomberg, Nov. 18 2014

Category: Financial Press, Video

10 Tuesday AM Reads

Welcome to Turnaround Tuesday, which on my calendar follows Merger Monday. And train reads: • Satyajit Das: News of The Death of American Economic Power Is Exaggerated! (MV Pro) • Abe $1 Trillion Gift to Stock Market Shields Recession Gloom (Bloomberg) but see Japan’s Surprise Recession Spurs Course Correction (WSJ) • Jeremy Grantham: The Beginning…Read More

Category: Financial Press

Josh’s Citywire Berlin Presentation

Hilarious!     Click for full slide deck:   Source TRB  

Category: Financial Press

Stocks Headed Higher

Stocks Headed Higher David R. Kotok November 17, 2014     We open this commentary with a link to the October 31 policy statement of the Government Pension Investment Fund of Japan. Any serious investor who has not read it is invited to go to this link right now. Simply put, one of the G4…Read More

Category: Investing, Markets, Think Tank

Category: Inflation, Think Tank

MiB Suggested Guests for 2015: A List

On Saturday, I asked for your suggestions for potential guests for Masters in Business here, and on Twitter as well. Here is what you suggested: Blog reader suggestions: Sam Zell, Scott Simon, Jean Marie Evaillard Tim Cook of Apple Co seems an obvious call and, although I hear he’s not particularly publicity hungry Craig Jelinek…Read More

Category: Investing, Podcast

10 Monday PM Reads

My afternoon train reads: • What the Islamic State’s currency tells us about the bloody origins of money (Quartz) see also Hedge Funds Cut Gold Bets in Fastest Exit This Year (Bloomberg) • Time for a ‘melt-up’: the coming global boom (Reuters) • Bad vs. Basic: Kip McDaniel on identifying the bad and the basic in…Read More

Category: Financial Press

BBRG TV: Breaking Down 1.5 Billion Bonus Pool at Pimco

Pimco paid its former CEO Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies. Bloomberg’s Bloomberg View Columnist Barry Ritholtz speaks on “Bloomberg Surveillance.” His opinions are his own.

Source: Bloomberg, Nov. 14 2014

Category: Video, Wages & Income

Common Mythconceptions

Source: Information Is Beautiful

Category: Digital Media, Psychology, Really, really bad calls, Web/Tech