#61: How’s It Feel To Make $1mm Trade Mistake? Me & CIO for City Exchange War Stories

What's up y'all Episode #61.  You ever wonder how a big institution like the city of Chicago manages its money? Jabari Porter is our guy, He was CIO of Chicago. He was the Chief Investment Officer. He ran a team to invest the city's $8 billion (that they just have laying around.) And so he teaches us what they would think, how they would do it. And he shows us how much money he made for the city last year.   What's it like working for the government? Versus working for Northern Trust (where he used to manage portfolios)? If you want to know about big money and big bonds and how to lend out $8 billion, this is the episode for you.   Sit back, relax and enjoy it. Thanks for listening in.  Peace.  SHOWNOTES: 01:05- Jabari as Chicago's CIO  03:20- Jabari's experience at Northern Trust  07:20- Jabari on avoiding dramatic loss and long duration positions  09:10- The inverted bond curve  12:05- How much money did Jabari help the city make?  14:40- Jabari on using his work experience personally  15:40- Amer's trade mistakes  18:00- Bond market versus real estate investments  20:20- Jabari's advice for investing in the bond market  24:30- Return "on" versus return "of" investment  26:00- What to do when your investment tanks  27:30- Permanent destruction of capital  Connect with Amer and BNOS:  Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah