#94 Ex-BlackRock Risk Analyst Explains Why Risk Models Lie | Joe Hegener

I asked Joe Hegner, a PIMCO alum who now runs his own hedge fund, what the pension funds and central banks he advised get wrong, and his answer was not what I expected. He explains how the same portfolio can look safe or dangerous depending on who sets the assumptions, and why the downside he thinks is least likely gets extra weight in his own fund. We also get into the helicopter over Athens that tracked down Greek tax dodgers by their swimming pools, and why he doubts the EU lasts another decade. The moment that stuck with me was his dad, a former Wall Street CEO, telling him right out of college that he knew nothing and needed 10 years first.

Learn what Wharton Business School will never teach you!  Sign up for the ANTI-MBA today: https://bit.ly/46vct60

Click here to order your personalized poster!: https://bit.ly/46J08MS

Connect with Joe Hegner

Website: https://bit.ly/4iO2v7H

Linkedin:  https://bit.ly/4d91zqX

Timestamps

00:00 - Intro to the show

01:31 - From philosophy classes to economics

03:16 - Getting cut from JV lacrosse

06:20 - His dad's early Wall Street exit

10:30 - Is college still worth the money