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2019 SALT Conference: Angelo Mozilo On Lessons (Supposedly) Learned From The Housing Bubble

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Jacob Wolinsky
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Notes from Angelo Mozilo presentation at the 2019 SALT Conference called “Underwater World: Lessons Learned From The Housing Bubble.”

See our full coverage of the 2019 SALT Conference here.

Q1 hedge fund letters, conference, scoops etc

Housing Crisis
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Underwater World: Lessons Learned From The Housing Bubble

Angelo Mozilo - Former Chairman of the Board & Chief Executive Officer, Countrywide Financial

Erik Schatzker - Editor-at-Large, BloombergTV

  • Countrywide had over 250,000 employees over its life time
  • He came into work and the markets were crashing
    • His trader said that he cannot sell a bond
    • Most Americans can understand the mortgage market collapsing, but it was everything crashing at once.
  • He...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.