BlackRock The Bid Episode 270: Sports, Markets, and Investing—How to Distinguish Skill from Luck

In Episode 270 of BlackRock’s podcast The Bid, host Oscar Pulido speaks with Ronald Van Loon, Portfolio Manager on the Global Fixed Income team, about the shared logic between sports and investing. The conversation explores dimensions such as hit rate, risk-reward ratio, teamwork, and process preparation, analyzing the boundary between skill and luck in fixed income portfolio management, as well as how probability, gains and losses, and repeated decision-making affect investing.