Afleveringen
-
In this episode we are joined by Andy Constan, founder of Damped Spring Advisors. We discuss his outlook on the current economic landscape, why he left "higher for longer" island, inflation, the Fed's actions, the bond market, and the influence of Treasury Secretary Janet Yellen and a lot more. He also shares his views on defining alpha and beta in investing, and how he constructs portfolios to generate long-term returns. Finally, Andy expresses his biggest concerns and reasons for optimism looking out over the next 12-18 months.
SEE LATEST EPISODEShttps://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
David Einhorn recently said that he thinks fundamental investing is broken. If he is right, there would certainly be significant long-term implications for value investing. We explored Einhorn's case in several of our episodes and so we thought it was time we explored the other side of the argument and looked at the long-term case for value. And we couldn't think of anyone better to do that with than our good friend Tobias Carlisle. In this episode, we talk to Toby about the struggles of value and why he thinks they present a significant opportunity to long-term investors. We also discuss inflation, AI, what Berkshire will look like after Buffett and a lot more.
SEE LATEST EPISODEShttps://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
Zijn er afleveringen die ontbreken?
-
In this episode, Research Affiliates founder Rob Arnott returns for his third appearance on Excess Returns. We cover a wide range of topics, including inflation, the struggles of value investing, expected future returns, avoiding value traps, AI and a lot more. Stay tuned until the end when we ask Rob what he is most worried and optimistic about when he looks to the future.
SEE LATEST EPISODEShttps://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
AI stocks have seen a big run recently. This has led many fundamental-based investors to suggest that things have gotten ahead of themselves. Some have even suggested AI is already in a bubble. But what if we are still in the early innings? What if a bubble is just getting started that could eventually exceed the dotcom bubble? Those are the questions we tackle this week with Deepwater's Doug Clinton. Doug wrote a thought-provoking tweet in which he suggested that studying past tech booms suggests that this one might only be getting started. We dig into that idea with Doug. We also discuss the unique AI driven stock picking strategies he has been running, what AI might mean for the future of investing and a lot more.
SEE LATEST EPISODEShttps://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
There have been many significant events in the economy and stock market over the past several years. We have had inflation. We have had bank failures. We have had a pandemic. We have even had a potential bubble developing in the AI space. Despite their differences, there is one thing that all of these events have in common - all of them have happened before. And studying that history can allow us to better understand them and what they mean for the market and the economy. This week we are joined by the perfect person to help us do that. We speak with Mark Higgins, author of "Investing in U.S. Financial History: Understanding the Past to Forecast the Future." We discuss what all of us can learn from financial history and how we can apply that knowledge to become better investors.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we are joined by Mike Taylor, manager of the Simplify Health Care ETF (PINK). Mike is one of the best healthcare investors out there and has managed portfolios for Oppenheimer and major hedge funds like Citadel and Millennium. PINK is the only ETF in existence that donates all its profits to charity with its proceeds benefitting the Susan G. Komen foundation. We talk to Mike about the exciting developments going on in the healthcare space and how he thinks about constructing a portfolio to profit from them. We also discuss his work as a scientist, the lessons from his hedge fund career and his views on the current macro environment.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcastFIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode of Show Us Your Portfolio, we speak with Unlimited Funds founder Bob Elliott. We discuss the unique multi strategy approach he uses to manage his personal portfolio. We cover the weaknesses of the 60-40 portfolio, the 4 buckets Bob uses as the building blocks for his investment strategy, the benefits of simplicity, how Bob views home ownership, leaving money to children, gardening and a lot more.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
David Einhorn said in a recent podcast interview that he feels that the market is broken. He has made significant changes to his investment approach as a result. Much of the basis for his assertion is based on the work of Simplify's Mike Green, who has been warning investors about the dangers of passive investing for many years. In this episode, we are fortunate to have Mike back for his third appearance on the podcast. We discuss the impact that the rise of passive investing has had on the market, how that impacts the success of fundamental investing strategies and the risks it poses to the market as a whole. We also get Mike's take on inflation, the economy, Fed policy and a lot more.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
With inflation off its highs, but still elevated relative to the Fed's target, there are differing opinions on where we go from here. In this episode, Discipline Funds founder Cullen Roche joins us to help work through it. We discuss the challenge of measuring inflation, the relationship between inflation and the labor market, the potential future path of inflation and what to expect from the Fed going forward.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, our most popular guest returns for his third appearance on Excess Returns. We talk with Kai Volatility founder Cem Karsan about a wide range of topics, including the future outlook for inflation, what the Fed is likely to do going forward, structured products, ODTE options, the importance of thinking in probabilities and a lot more. We also get some crumbs and get Cem's take on option dealer flows and the potential coming February window of weakness.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
Those of us that invest using factors have been taught that there needs to be a reason why they work. We have been taught that for their excess returns to persist in the future, there should be a behavioral or risk-based explanation as to why they exist in the first place. If that assumption is wrong, it would call into question the validity of much of the work that has been done in asset pricing research and would also have significant implications for real world investment strategies build using the research. Our guest this week recently published a paper that calls those core ideas of asset pricing theory into question. We speak with Andrew Chen, Principal Economist at the Federal Reserve's Capital Markets Section and Alejandro Lopez-Lira, Assistant Professor of Finance at the University of Florida about their new paper "Does Peer Reviewed Theory Predict the Cross Section of Stock Returns." The paper compared anomalies with behavioral and risk-based explanations to others that were purely data mined. They found no difference in out of sample returns among the 3 groups. In the interview, we take a deep dive into their findings and what they mean for both the world of academic research and real-world investment strategies.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In our latest episode of Show Us Your Portfolio, we are joined by Fairlead Strategies founder Katie Stockton. We discuss how Katie thinks about managing her personal portfolio and the investing process. We cover Katie's approach to asset allocation, how she incorporates technical analysis into her strategy, international diversification, the benefits of a financial advisor, her views on leaving money to kids and a lot more.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we speak with DBi founder Andrew Beer about his approach to managing his personal portfolio. We discuss how Andrew looks at his portfolio in the context of his life goals, his views on stocks and bonds, how he incorporates managed futures into his portfolio, his views on homeownership and charitable giving and a lot more.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we are privileged to be joined by Chris Davis, Chairman and Portfolio Manager of Davis Advisors. Chris has built an outstanding long-term record as a value investor and also serves on the board of both Berkshire Hathaway and the Coca-Cola Company. We discuss his process for analyzing companies and his owner earnings-based approach that led him to companies like Amazon when many value investors avoided them. We also discuss his biggest lessons from his father and grandfather, both of whom were very successful investors as well, how Charlie Munger changed his life and his thoughts on concentration and position sizing.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
Generative AI is probably the most rapidly developing technology we have ever seen. In this episode, we dig deep into it and its potential impact on both our lives and the investing world with ReSolve Asset Management CIO Adam Butler. Adam is one of the smartest people we know and has been dedicating a large amount of his free time to utilizing the technology, so we couldn't think of a better person to help us better understand it. We discuss how it works, what it means for both people who build investing strategies and those that utilize them and how it might change the world.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
We have now conducted over 100 interviews on Excess Returns. At the end of all of them, we have asked the same closing question:Based on your experience in markets and your research, if you could teach one lesson to the average investor, what would it be?In this episode, we bring all of their episodes together into one episode and share the answers from all our guests, including Guy Spier, Rob Arnott, Michael Mauboussin, Steve Romick, Joel Tillinghast, Cem Karsan, Bob Elliott, Jerry Parker, Andy Constan and many more.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
This episode is the first part II our Show Us Your Portfolio series. When we originally spoke to Larry Swedroe, we were very intrigued by his use of illiquid alternatives within his portfolio. But we didn’t have time in the original interview to dig into the details of his strategy and the individual components of it. In this interview, we correct that. We discuss Larry’s overall view of alternatives, the unique sources of risk he uses within his portfolio and how he combines them together to build an optimal portfolio.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we are joined by Wes Gray, founder of Alpha Architect and ETF Architect. We cover his biggest lessons from growing the businesses from a startup to over $5 billion in assets. We also discuss the rapid growth of ETFs and ETF Architect's mission to help firms launch them. And we get Wes' take on a variety of issues related to factor investing including the struggles of value in the past decade, how to tell when a factor no longer works, the evolution of his strategies over time and the pros and cons of sector neutral value investing.
We hope you enjoy the discussion.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we talk factor investing with Robeco's Matthias Hanauer. Matthias has written some excellent research papers on a variety of factor investing topics and we dig into the details behind two of our favorites: "Honey I Shrunk the Factor Zoo", and "Resurrecting the Value Premium." We also discuss the state of value investing in general and look at some interesting charts Matthias put together that put the current situation in value in context.
We hope you enjoy the discussion.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
-
In this episode, we discuss the incredible life and investing career of Charlie Munger with George Washington Professor Lawrence Cunningham. Lawrence in one of the world's leading experts on Berkshire Hathaway and Buffett and Munger and w couldn't think of anyone better to help us pay tribute to Munger. We discuss Munger's life, his investing career, the core principles that governed him, his legacy and a lot more.
We hope you enjoy the discussion.
SEE LATEST EPISODEShttps://www.validea.com/excess-returns-podcast
FIND OUT MORE ABOUT VALIDEAhttps://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITALhttps://www.valideacapital.com
FOLLOW JACKTwitter: https://twitter.com/practicalquantLinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTINTwitter: https://twitter.com/jjcarbonneauLinkedIn: https://www.linkedin.com/in/jcarbonneau
- Laat meer zien
