Treussard Talks with Katie O’Dwyer
In this compelling episode of Treussard Talks, Jonathan Treussard, Ph.D. interviews Katie O'Dwyer, a seasoned risk management professional whose career spans from quantitative trading to operational leadership at major financial institutions.
The conversation begins with O'Dwyer sharing a touching memory from the 2008 financial crisis - bringing her six-year-old daughter to the office on the Sunday of Lehman's bankruptcy announcement. While the markets were facing unprecedented uncertainty, her daughter's joy at visiting the office provided a heartwarming reminder of life's simpler pleasures.
O’Dywer and Treussard talk about:
The importance of relationships in finance: O'Dwyer emphasizes that despite the industry's technological advances, maintaining strong relationships with counterparties remains crucial. These connections become particularly valuable during crisis periods when you need someone to "pick up the phone and help."
Understanding true liquidity: A critical distinction exists between perceived and actual liquidity. O'Dwyer highlights that investors often underestimate the importance of maintaining adequate liquid assets, particularly when invested in private equity or private credit with restrictive terms.
The fallacy of perfect timing: Markets are inherently unpredictable, and trying to time tops and bottoms is unrealistic. O'Dwyer advocates for focusing on long-term investment goals rather than attempting to predict short-term market movements.
Listen to this episode:
Disclaimer: This podcast is for educational and entertainment purposes only. The views and opinions expressed by podcast participants are their own and should not be interpreted as the official views of Treussard Capital Management LLC. Nothing discussed in this podcast constitutes financial advice.