In this rare, indepth interview, William Green chats with superinvestor Rick Rieder, who oversees about $2.6 trillion at BlackRock, the world’s largest asset manager. Rick, who probably manages more money than any other investor on Earth, has an enormous range of responsibilities: he’s BlackRock’s chief investment officer of Global Fixed Income, head of the firm’s Global Allocation Investment Team, & Chairman of the firmwide BlackRock Investment Council. A true titan of the investing world, he recently won Morningstar’s 2023 award for Outstanding Portfolio Manager.

IN THIS EPISODE, YOU’LL LEARN:
What Rick Rieder learned from a disastrous early investment.
Why he focuses relentlessly on leverage, liquidity, & cashflow.
How access to vast amounts of data gives him an edge.
How he distinguishes meaningful news from meaningless noise.
Why he gets grumpy in bull markets & relishes periods of dislocation.
What great investors like Ray Dalio & David Tepper have in common.
How Rick views the current economic outlook.
How to take advantage of the “incredible blessing” of high bond yields.
How he operates on 4 ½ hours of sleep.
Why he loves to trade in the middle of the night.
How he handles extreme levels of stress & responsibility.
How he’s maintained a happy family life, despite a fanatical work ethic.
Why his hero is Cal Ripken, the Iron Man of baseball.

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ABOUT OUR SHOW  
On Richer, Wiser, Happier, William Green interviews highprofile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

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