How Financial Institutions Fail with Marc Rubinstein, Net Interest

Episode Summary 

In this episode we go over a framework for financial institutions failure, with Marc Rubinstein, a former financials analyst and portfolio manager, currently writing Net Interest. 

We cover the three main ways failures happen. First, we discuss fraud, both external and internal. Then we discuss underwriting, which affects both lending institutions and insurance companies. Finally, we discuss asset-liability mismatches, known as a “run on the bank”. We go back to the 1800s to today, when these happen (mostly) digitally. 

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Guest-at-a-Glance

💡 Name: Marc Rubinstein

💡 What he does: He's the writer of the newsletter Net Interest and a former financial analyst and portfolio manager.

💡 Company: Net Interest

💡 Noteworthy: He's an investment professional with 25+ years of experience in researching and investing in financial services companies. He's also a retired partner from one of Europe's largest hedge fund firms.

💡 Where to find Marc: LinkedIn Twitter