Ken Rideout
π€ SpeakerAppearances Over Time
Podcast Appearances
She's not like into labels.
She would never buy like a fancy handbag.
She'd be like, I'd rather have the money.
So that was the saving grace.
And no, then when I got through it all, I was like, you know, telling her all, she's like, oh my God, I'm so glad you didn't tell me what was happening.
I wouldn't.
Cause I was like, there's no sense in both of us not being able to sleep.
But I figured it out and then my life changed dramatically.
This guy, Jack McDowell at the Palisades Group changed my life.
He gave me an opportunity to do that and I rewarded him.
We grew from two to five billion in assets.
We were managing like, we had a series of separately managed accounts called SMAs in finance.
The finance nerds will get this, but we would manage these huge pools of capital for big institutional investors like Soros, Oak Tree, like all these like top
in class managers, but we manage a very specific strategy of whole loan residential mortgages.
So we would buy non-performing loans, remedy them, and then sell them off as re-performing loans once you fix the missing documents in these mortgages.
And not...
Contrary to popular belief, you would never buy like a pool of mortgages that people aren't paying and then evict the people.
That's the worst outcome for everyone.
You want to like keep them in the house so you might restructure the interest.
You might forgive back payments and get them paying again because as soon as they have like a year of payments, the