Rick Rieder
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Rick Rieder is The Navigator in the most literal sense of the archetype. BlackRock's Global Fixed Income CIO rejects top-down macro dogma in favor of granular, bottoms-up signal-reading, treating earnings reports as compass and market psychology as current. His philosophy of incremental, repeatable gains across global relative-value opportunities describes a leader who plots precise courses through uncertainty rather than betting on grand directional calls, accumulating position by position what others gamble on in a single wager.
“I don't really think top down analysis works. It's too hard. Understanding how companies drive inventory, hiring, capex spend — every big picture view I have is usually driven because I read so many corporate earnings reports.”
“We're not in the business of being right. We're in the business of generating return for clients. It's often more important to understand the psychology of markets than where we're really going.”
“Make a little bit of money a lot of times. Use relative value, use all your tools around the world, do it over and over again. That model is repeatable and people aren't shocked to the downside.”
Masters in Business: “Rick Rieder on Fixed Income Investments”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE