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In episode 363, we welcome our guest, Rick Bookstaber, co-founder and Head of Risk for Fabric, which provides factor-based risk management applications for investment advisors.\n\xa0\nIn today\u2019s episode, we\u2019re talking all about risk with someone who\u2019s held Chief Risk Officer roles at Morgan Stanley, Solomon Brothers, Bridgewater, and the University of California pension, and if that wasn\u2019t enough, he also helped write the Volcker Rule while working for the Treasury. Rick begins the episode by walking us through his framework for assessing risk and why the three keys are leverage, liquidity, and concentration. He also shares the lessons he\u2019s learned from surviving the 1987 crash, 2000 tech bubble, and 2008 housing crisis.\n\xa0\nAs we wind down, Rick shares what led him to start his newest venture and how he plans to assist advisors with risk management for client portfolios.\n\xa0\nPlease enjoy this episode with Fabric\u2019s Rick Bookstaber.\n\xa0\n-----\n\xa0\nFollow Meb on Twitter, LinkedIn and YouTube\nFor detailed show notes, click here\nTo learn more about our funds and follow us, subscribe to our\xa0mailing list\xa0or visit us at cambriainvestments.com\n\xa0\n-----\n\xa0\nToday\u2019s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world\u2019s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, an excel quant backtester and the entire research library.\nLearn more about your ad choices. Visit megaphone.fm/adchoices