"Hopefully this coronavirus thing will wrap itself up" - a year on, PB is a bona fide UA-cam star and I've got classes' worth of university grade lectures to keep me sane during lockdown tranche cinque.
FOR REAL lol I stumbled across these videos when they were uploaded by accident lmao I often fall asleep with youtube on autoplay and I kept waking up to his lectures and then one day just said ‘you know what I’m actually going to listen to the whole thing I’m learning a lot here’
The difference between a teacher who is passionate about understanding and one who wants to present us with knowledge is immense. Will we ever here someone say again "the buck stops here"?
damn i thought we were going to learn about 9th order derivatives. I was excited to see if i could buy a binary option on a credit spread on a futures on an etf on a mortgage backed sercurity from a development of a strata appartment in Shenzhen on robinhood yet or not
I feel like im hanging out with Master Patrick Boyl in this video. Its kinda cool and fun, Idk the vibes or something. Thanks Pat for uploading this one! Another informative masterpiece!
Thank you .. Thank you.. Thank You... i don`t know how many times to say this but i feel u need to know!!..If i have some intelligent questions how is the best way to approach you.. Thanks
Can we find the slides of this lecture (and the next) somewhere online? I tried checking out his patreon but couldnt find anything there. Opening the pdf next to the video certainly is a nice quality of life upgrade I wouldnt wanna miss out.
Great video with clear structure. Thank you very much! It would be very helpful to also have a clear view on your presentation like in many other videos :)
👋 Professor Boyle, on one of your videos about CDS you recommend a book titled Credit Default Swaps: The Vanilla Essence... Do you have a similar suggestion that covers CDS indices thoroughly? thank you
Not my professor but love this guy! Edit: Mr. Boyle, any chance a big fan who wants to learn can get a free copy of your books? Yes, shameless begging :)
Why I'm interested in learning this information but I can't understand it. Do I need to learn vocabulary?. Do I need to learn the meaning of the finance words ?
It took me a couple months to pick it up, just keep listening and like any language your brain will pick it up. Looking up stuff helps to but as long as you're engaged in finance your brain will do the rest.
1:35:20 "....that was the least of the problems with Micheal Jackson..." Snorted my coffee thanks to that comment! You and Mark Blyth could probably make a good collaboration, if you've heard of him!
please could anyone tell me what class this is from idk if its you or something but this was really interesting and I would love to see if my college has it. although i wont have as good a professor as patrick boyle the subject still seems interesting.
I Love your videos. Keep them coming. Can you make up a video on the relation of the US Community Reinvestment Act to the cause set of the 2008 financial crises? Was the CRA more at fault than, say, the failure of the credit rating agencies to produce realistic appraisals of ABSs or individual CDOs? Or was it all just the financial equivalent of a nautical perfect storm where a wide variety of equally destructive forces came together all at once?
It did not date it's self at all. Best humor of a lot of them keep it up /lol and yer not wearing a mask hard to believe the flu is now making a come back after 2 years I knew I had feeeling I should have been buying calls on FLU
It seems to me, for the CDOs, specifically it might be required to fix them, is to assign SOME degree of risk across the board, or at a rated scale, with at least some degree of losses being absorbed by even the AAA traunch. For example, the excess risk understood to be taken on by the Equity traunch investors would only trigger past a standard deductible portion of sustained losses each month. Therefore as a group, we're bond investors, right? We all assume SOME risk, and to some degree, we share and share alike. But we've all agreed that these crazy equity traunch people get more of the proceeds when times are good, and they also, in turn, have agreed to be the first ones to sacrifice when times are bad. Does that make sense?
The AAA “triple A” tranches have a price, quoted, and absorb losses too. Granted the interest rate risk (duration) and liquidity risk (partial convexité) are the primal risk dimensions, but the absorption of hard default (bankruptcy) and soft default (delayed recovery of a coupon or principal) is absorbed and expressed in the price. In addition, the deliverability of the underlying and custody are also risk dimensions. In short, losses are absorbed by the AAA tranch, and buyer beware. Those who bought CDO AAA tranches had very hard tail risk.
"Hopefully this coronavirus thing will wrap itself up" - a year on, PB is a bona fide UA-cam star and I've got classes' worth of university grade lectures to keep me sane during lockdown tranche cinque.
FOR REAL lol I stumbled across these videos when they were uploaded by accident lmao I often fall asleep with youtube on autoplay and I kept waking up to his lectures and then one day just said ‘you know what I’m actually going to listen to the whole thing I’m learning a lot here’
It's heartwarming that the few instants we've seen you express any trace of emotion is excitement when teaching.
Favorite professor
So grateful for learning from you
Thanks, glad you are enjoying. I'm working on more videos which will be up soon.
The difference between a teacher who is passionate about understanding and one who wants to present us with knowledge is immense. Will we ever here someone say again "the buck stops here"?
I'd pay 396 sheets of 3 ply for this lecture... I double roll... I love you Patrick , hail Coffeezilla !
This is the only explanation of CDS's that actually made me understand how they work.
I've been looking for information that is this in depth on youtube for a while
2 hours of "real" knowledge!!..your the best Mr Boyle!
Don't forget about the hand washing portion. This was like a 45 min free bonus.
damn i thought we were going to learn about 9th order derivatives. I was excited to see if i could buy a binary option on a credit spread on a futures on an etf on a mortgage backed sercurity from a development of a strata appartment in Shenzhen on robinhood yet or not
I feel like im hanging out with Master Patrick Boyl in this video. Its kinda cool and fun, Idk the vibes or something. Thanks Pat for uploading this one! Another informative masterpiece!
thanks for your smile and passion :)
love your sense of humour so much
The toilet paper conversion joke was priceless!
What a priviledge!
Feels like Im back at Hillsdale :) A True Professor!!
Thank you .. Thank you.. Thank You... i don`t know how many times to say this but i feel u need to know!!..If i have some intelligent questions how is the best way to approach you.. Thanks
I wish someday you may come back to more lecture-oriented content. Good well put efficient learning resources are not easy to come by
I miss the 30 min hand wash so much. Now it’s just a memory….
Just back from washing my Hans. There was a long line. What did i miss?
Can we find the slides of this lecture (and the next) somewhere online? I tried checking out his patreon but couldnt find anything there. Opening the pdf next to the video certainly is a nice quality of life upgrade I wouldnt wanna miss out.
great lecture with repetitive and sensible toilet paper jokes. Would like to see the recommendation list of books and movies :)
The better book is "The Greatest Trade Ever" by Gregory Zuckerman. Lewis" The Big Short" is a good read.
Thank you as always Patrick!
Great video with clear structure. Thank you very much! It would be very helpful to also have a clear view on your presentation like in many other videos :)
You could structure a future flow bond from Andrex revenues based on historical data....
Man he looks so happy :)
Loving your lecture series. I am not one of upper university students, but would it be possible to get a hold of your notes/slides to follow along?
CDOs are like taking five wrecked cars and salvaging the bits that are less damaged and assembling them into a “new” car.
1:20:00 I wasn't watching the screen, when he mentioned the "special purpose vehicle" I was guessing the Ghost Busters ambulance!
Awesome video! But I feel like whoever made the timestamps didn’t have a great understanding of the content of the video.
Covid related jokes are a treasure
Today I learned that tranche is the French word for slice.
If only this guy knew how big he'd be
👋 Professor Boyle, on one of your videos about CDS you recommend a book titled Credit Default Swaps: The Vanilla Essence...
Do you have a similar suggestion that covers CDS indices thoroughly? thank you
It didn't age badely.... kudos @Patrick
This may be super later but please make a reading list! I already know what’s gonna take the first couple spots hahaha
Not my professor but love this guy!
Edit: Mr. Boyle, any chance a big fan who wants to learn can get a free copy of your books? Yes, shameless begging :)
Why I'm interested in learning this information but I can't understand it. Do I need to learn vocabulary?. Do I need to learn the meaning of the finance words ?
Investopedia website has a dictionary and good articles including beginning ones. Investopedia.com
It took me a couple months to pick it up, just keep listening and like any language your brain will pick it up. Looking up stuff helps to but as long as you're engaged in finance your brain will do the rest.
1:35:20
"....that was the least of the problems with Micheal Jackson..."
Snorted my coffee thanks to that comment!
You and Mark Blyth could probably make a good collaboration, if you've heard of him!
please could anyone tell me what class this is from
idk if its you or something but this was really interesting and I would love to see if my college has it.
although i wont have as good a professor as patrick boyle the subject still seems interesting.
I Love your videos. Keep them coming. Can you make up a video on the relation of the US Community Reinvestment Act to the cause set of the 2008 financial crises?
Was the CRA more at fault than, say, the failure of the credit rating agencies to produce realistic appraisals of ABSs or individual CDOs?
Or was it all just the financial equivalent of a nautical perfect storm where a wide variety of equally destructive forces came together all at once?
THANK YOU You are A++
Professor Boyle, you need to update the link to your book
Hi Patrick any future plans of making the book available in epub for iPad where I can increase the font please?
How can we get the slides 😀👍🏻
Great video, can you refer me to a seller of CDS??
Thanks
It did not date it's self at all. Best humor of a lot of them keep it up /lol and yer not wearing a mask hard to believe the flu is now making a come back after 2 years I knew I had feeeling I should have been buying calls on FLU
It seems to me, for the CDOs, specifically it might be required to fix them, is to assign SOME degree of risk across the board, or at a rated scale, with at least some degree of losses being absorbed by even the AAA traunch. For example, the excess risk understood to be taken on by the Equity traunch investors would only trigger past a standard deductible portion of sustained losses each month.
Therefore as a group, we're bond investors, right? We all assume SOME risk, and to some degree, we share and share alike. But we've all agreed that these crazy equity traunch people get more of the proceeds when times are good, and they also, in turn, have agreed to be the first ones to sacrifice when times are bad. Does that make sense?
The AAA “triple A” tranches have a price, quoted, and absorb losses too. Granted the interest rate risk (duration) and liquidity risk (partial convexité) are the primal risk dimensions, but the absorption of hard default (bankruptcy) and soft default (delayed recovery of a coupon or principal) is absorbed and expressed in the price. In addition, the deliverability of the underlying and custody are also risk dimensions. In short, losses are absorbed by the AAA tranch, and buyer beware. Those who bought CDO AAA tranches had very hard tail risk.
Great lessens live your jokes
But why leave trading ?
You should do a colab with Tai Lopez
Lucky us.