Lessons from a 15-Year Wall Street Quant

[Inside Wall Street with Nomi Prins]( Nomi just came forward with what could be the most urgent warning of her career… An event in Washington this month could trigger a major housing crisis, and a string of bankruptcies, similar to 2008. But if you’re armed with the right strategy, you can turn this crisis into an opportunity. That’s why, in a special strategy session, Nomi revealed a little-known technique she learned on Wall Street that could help you turn this crisis into big profits. She even gave away the name and ticker symbol of an opportunity she believes could be one of the top plays of 2023. [For a limited time, you can still watch the replay](. Lessons from a 15-Year Wall Street Quant Maria’s Note: Maria Bonaventura here, Rogue Economics’ senior managing editor. Last night, Nomi held an [urgent strategy session – Countdown to Housing Crisis 2.0.]( And thousands of your fellow readers tuned in… Nomi revealed a strategy she learned on Wall Street that could help you turn the housing crisis into big profits. And she even gave away the name and ticker symbol of an opportunity she believes could be one of the top plays of 2023 – for free. [For a limited time, you can still catch a replay of Nomi’s special strategy session](. Then, read on for today’s Inside Wall Street… In a recent conversation I had with Nomi, she tells me how she landed her first job on Wall Street… And how her decades of experience shape the strategies she shares in these pages today. --------------------------------------------------------------- Maria Bonaventura: Nomi, you became an analyst at Chase Manhattan Bank when you were just 19. How did you land such a coveted job on Wall Street at such a young age? Nomi Prins: I was studying Mathematics at SUNY Purchase. In my final semester, I got a job at IBM. It was in White Plains, which was a 20-minute drive away. One of the senior programmers I worked with at IBM was talking to a headhunter. This headhunter was trying to find him a job in New York City. My mom would take me to New York when I was a kid. We’d go see shows and concerts there. So I’d always wanted to live there – in the city, in the middle of the action. So I called up the headhunter. I said, “Hey, I’m getting my degree in mathematics with a straight-A transcript. And I’m working as a programmer. I want to work in New York City. I don’t care what I do.” The next day, a Friday, I took a day off from IBM, and I took the train to New York City. I interviewed with the head of the analytics group at Chase, who worked with their traders across foreign exchange. They were trying to convert their analytics and old code to C++, the new code at the time. By Monday, I was working at Chase. Recommended Link [Get ready for the unavoidable]( [image]( In 2018, former Goldman Sachs Managing Director Dr. Nomi Prins called for a crash that would wipe out investors. Today, that’s the last thing on her mind. In fact, she has stated the next crisis won’t be a crash at all. It has nothing to do with a pandemic, or inflation, either… [Click here to find out what she sees coming instead]( – and why investors could be left behind if they don’t act now. If you have more than $1,000 in the bank, this could be the most important interview you see in the next 60 days. Don’t get caught off guard by what will happen next. [Watch her bombshell prediction for America’s economy now.]( -- Maria: Did you have any interest in the markets before you got to Wall Street? Nomi: Not really. And I’d had no desire to work on Wall Street up to that point. Before I got that job, I always thought I’d work at a technology company. But I enjoyed working with math and analytics. I enjoyed working with sets of information and data, solving puzzles, and forecasting what could happen. I got that from my dad. He was a world-renowned statistician. And it just so happened that Wall Street offered that path in technology. This was in the late 1980s and early 1990s. Technology was leading the way in the financial world. During my five years at Chase, there was tremendous development in analytics on Wall Street. I was working at the cutting edge of things that hadn’t existed before. These things were new not just to me, but to Wall Street at the time. And as I came to know, my analytical skills are very useful when it comes to markets and investment strategies. [Featured: Former Goldman Sachs Exec: Everyone on Wall Street is investing, should you?]( Maria: We’ll get to more on that in a moment. First, you talk about your dad a lot. And for good reason. As you said, he was a world-renowned statistician. And you got your love for numbers from him. Can you tell us more about that? Nomi: My dad really was a genius. He grew up in Holland during World War II. Twelve different families or orphanages hid him during the war. Some of the orphanages were built underground. He wrote a book about it later in life. In it, he explained how he used his brain to escape possible death multiple times. For example, he learned how to play chess at a very young age. Even as a child, he could often beat the adult at the table. And that endeared him to the people protecting him. As a survival tactic, he got deep into the strategy and the math of chess. And then, very early on in my life, he taught me everything he knew. In our family, chess is something you do to calm yourself. To this day, whenever I land somewhere on my travels, I play chess on my computer. It’s just a habit. So that idea of looking past what’s right in front of me and learning to forecast was instilled in me during my childhood. Dad worked at IBM when it was just starting to develop what we now know as semiconductors. And later on, he worked on forecasting models with many scientists around the world. He always asked, “What will happen if this happens? And what will happen if that happens?” We would often talk about his work at the dinner table. And when my dad was in his office at home, I would watch him work. He taught me how to program code when I was nine. And you’d often find 5,000-piece puzzles strewn across our dining room table. He taught me how to put the puzzles together in my mind before I started putting the actual pieces together. So that sense of looking ahead and considering the bigger picture was a part of my formative years. Recommended Link [Bear Market Expert Reveals His #1 Stock for December 2022]( [image]( “I went from the brink of bankruptcy to wealthy – thanks to one type of stock” [Get his top pick here.]( -- Maria: How did your ability to look ahead influence your work on Wall Street? You spent 15 years there. And you even ran teams of quants there, in the early days of that movement. Nomi: I was always involved in developing new analytics. The teams I managed created new models under my direction. Then, I worked with major companies and central banks around the world, explaining those new models to them. So I always had a sense of pushing that envelope. [Featured: One Stock Doubles Your Money, During Crisis?]( For example, in the 1990s, I was a Senior Managing Director at Bear Stearns in London. I ran a 29-person expert analytics team. While I was there, we had the Asian Crisis in 1997 and the Long-Term Capital Management Crisis in 1998. For both of those crises, I created models to evaluate the impacts of crisis in the financial markets. And I created investing instruments that my team and I then discussed with our big corporate clients and central banks. The models I developed helped me analyze something I knew I needed to know. But it usually didn’t exist yet on Wall Street and in the international investment banking world. Earlier, I did the same thing at Lehman Brothers, where I also developed a new model. That model made it possible for Lehman Brothers to sell central banks more U.S. Treasury bonds in an innovative way. My job at the time was to look at how we could combine and blend different types of securities. And to explain it to central banks in a very simple way. At Bear Stearns, during the spate of 1990s debt crises, I created models that enabled us to capture the risk of credit crises before they happened. Before that, a lot of the securities were just about interest or exchange rates. “Are interest rates going up or down? Are foreign exchange rates going up or down from one currency to another?” They didn’t factor in what happens if there’s a default in the country. Or what happens if there’s what we call a “credit event.” So I modeled everything we did to include adverse credit scenarios. At the time, it was unheard of to include credit events in modeling tools. I was the first to do it. It’s one of the achievements of which I’m most proud, analytically speaking, from my banking career. Recommended Link [Successful trader shares year-end early access to #1 strategy for 2023]( [image]( Larry Benedict has been trading for 35 years. He once had 20 straight years of winning trades without a single losing year, earning him the coveted title “Market Wizard.” Now he’s sharing his secret to success with everyday folks. He even shares the strategy he’s used to show his readers 10 winning trades in a row. Get 2023 off to a potentially profitable start. [Watch here.]( -- Maria: Those experiences have served you well in the two decades since then. For readers who haven’t been with us for too long, how does that translate into what you do at Rogue today? Nomi: Well, for me, it’s always been about taking what I know and figuring out a way to make it into a strategy. Or into something systematic. But not something so rigid that I can’t see what else might happen. And that’s what I do for my readers. I ask myself, “Where are we in the markets? Where are we going? And how can I present a cohesive strategy that makes sense for that?” Staying flexible is important to me. That way, if things change, I can recalibrate that strategy for my readers. So there is a framework, a strategy, but it isn’t set in stone. I’m always watching for new information that could affect our investment decisions. That’s very important, particularly in markets that are battered about – whether it’s by politics or a virus. Whatever it is, and whatever comes out of it, I can use that big-picture view to recalibrate my strategies for our subscribers. Maria: And we know how valuable that is in choppy markets like these. Thanks for chatting with me, Nomi. Nomi: Always a pleasure. --------------------------------------------------------------- Maria’s Note: At last night’s Countdown to Housing Crisis 2.0, Nomi revealed a strategy she learned on Wall Street that could help you turn the coming housing crisis into big profits. She even gave away the name and ticker symbol of an opportunity she believes could be one of the top plays of 2023 – for free. And for a limited time, you can still catch a replay… [Click here to watch it before it goes offline](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Did you tune in to Nomi’s special strategy session last night? What do you find most interesting about Nomi’s vast experience on Wall Street and in economics? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Lessons from a 15-Year Wall Street Quant). IN CASE YOU MISSED IT… [Retired yet? If not then do this...]( “Ever wondered why the rich seem to get richer? I can tell you why… Because they don’t follow the same old tired advice that everybody else does. But today I’m going to share a special technique with you… For two decades, I ran a $200 million money management firm. I guided the private investments of 100 of the wealthiest people in California. And my Rolodex read like “the who’s who” of Silicon Valley… Most of my former clients were CEOs, entrepreneurs, and Venture Capitalists. Some of these accounts were worth up to $40 million alone… I was really good at making my clients richer. And It was all thanks to a technique I perfected called the “Money Multiplier.” It’s a way to take a small amount of money and double, triple, even quintuple your initial stake in a matter of weeks… It’s the same technique I used as a former money manager to make money for my wealthy clients. And today I’m going to share it with you… And to make things even easier… I’m also going to show you how it can be applied to just three stocks.” – Jeff Clark [Click here to see my urgent bulletin.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [The 101 Guide to Pre-IPO Investing]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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