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Victor Higani

👤 Person
108 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The rise and fall of Long Term Capital Management

We were mostly cut from the same cloth. This is Victor Higani. He was the youngest of the group. Like we were all, you know, kind of game playing, geeky kind of people. And we just really felt attracted to the same kinds of problem solving and the same kinds of thought processes and intellectual challenges.

Planet Money
The rise and fall of Long Term Capital Management

We were mostly cut from the same cloth. This is Victor Higani. He was the youngest of the group. Like we were all, you know, kind of game playing, geeky kind of people. And we just really felt attracted to the same kinds of problem solving and the same kinds of thought processes and intellectual challenges.

Planet Money
The rise and fall of Long Term Capital Management

We were mostly cut from the same cloth. This is Victor Higani. He was the youngest of the group. Like we were all, you know, kind of game playing, geeky kind of people. And we just really felt attracted to the same kinds of problem solving and the same kinds of thought processes and intellectual challenges.

Planet Money
The rise and fall of Long Term Capital Management

To a large extent, you can get rid of certain risks, but if you're going to make money, then you have to be taking risks.

Planet Money
The rise and fall of Long Term Capital Management

To a large extent, you can get rid of certain risks, but if you're going to make money, then you have to be taking risks.

Planet Money
The rise and fall of Long Term Capital Management

To a large extent, you can get rid of certain risks, but if you're going to make money, then you have to be taking risks.

Planet Money
The rise and fall of Long Term Capital Management

I think that we averaged like 40% annual returns, over 30%, way, way higher than what we ever anticipated was possible. They were doing amazing.

Planet Money
The rise and fall of Long Term Capital Management

I think that we averaged like 40% annual returns, over 30%, way, way higher than what we ever anticipated was possible. They were doing amazing.

Planet Money
The rise and fall of Long Term Capital Management

I think that we averaged like 40% annual returns, over 30%, way, way higher than what we ever anticipated was possible. They were doing amazing.

Planet Money
The rise and fall of Long Term Capital Management

So sometimes they didn't do very much.

Planet Money
The rise and fall of Long Term Capital Management

So sometimes they didn't do very much.

Planet Money
The rise and fall of Long Term Capital Management

So sometimes they didn't do very much.

Planet Money
The rise and fall of Long Term Capital Management

It was constantly, well, it was like game afternoon and game night. What games? Well, a lot of poker.

Planet Money
The rise and fall of Long Term Capital Management

It was constantly, well, it was like game afternoon and game night. What games? Well, a lot of poker.

Planet Money
The rise and fall of Long Term Capital Management

It was constantly, well, it was like game afternoon and game night. What games? Well, a lot of poker.

Planet Money
The rise and fall of Long Term Capital Management

Well, playing poker with Bob Merton was terrifying because he was really a poker expert. Like he had programmed and written and solved aspects of poker very early on. So, you know, like we, you know, we played with Bob, but we just knew that Bob was going to walk away with some of our money. Okay. Okay. It wasn't all just for fun.

Planet Money
The rise and fall of Long Term Capital Management

Well, playing poker with Bob Merton was terrifying because he was really a poker expert. Like he had programmed and written and solved aspects of poker very early on. So, you know, like we, you know, we played with Bob, but we just knew that Bob was going to walk away with some of our money. Okay. Okay. It wasn't all just for fun.

Planet Money
The rise and fall of Long Term Capital Management

Well, playing poker with Bob Merton was terrifying because he was really a poker expert. Like he had programmed and written and solved aspects of poker very early on. So, you know, like we, you know, we played with Bob, but we just knew that Bob was going to walk away with some of our money. Okay. Okay. It wasn't all just for fun.

Planet Money
The rise and fall of Long Term Capital Management

I think we kind of felt guilty about it at the time, but it was like giving an outlet to risk taking so that if you kind of like to take risk, it was good to take the risk here and be very risk averse in what we were doing for the firm. So it was an interesting and fun example of risk taking and risk not taking.

Planet Money
The rise and fall of Long Term Capital Management

I think we kind of felt guilty about it at the time, but it was like giving an outlet to risk taking so that if you kind of like to take risk, it was good to take the risk here and be very risk averse in what we were doing for the firm. So it was an interesting and fun example of risk taking and risk not taking.

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