In Plus episode 564, we share audio from our recent Plus member livestream, where we discussed the impact of higher interest rates and oil prices. We look at the massive growth in Chinese exports despite U.S. tariffs and why it is concerning. We discuss how long it takes to determine if an active manager is skilled based on their excess return and tracking error. We answer whether it makes sense to dollar-cost average into bonds. We also discuss what types of stocks and other investments … [Read more...]
247: More Indexes, ETFs and Manager Skill, but Less Alpha
How the increase in indexing is leading to the creation of more stock indexes, most of which are used by active managers. How more indexing makes it more difficult for active managers to outperform even though managers are getting more skilled. In this episode you’ll learn: Why there are so many more stock indexes than stocks.Who are the major index players and how do they decide what to include in an index.Why it is important to understand how an index is constructed.Why more … [Read more...]
224: Mastering the Market Cycle – Howard Marks
How to position your investment portfolio based on market cycles. Investing principles from Howard Marks' new book Mastering the Market Cycle. In this episode you’ll learn: How have U.S. stocks performed relative to non-U.S.How to position investment portfolios based on cycles.What is asset selection and why there are more opportunities in extreme times.How luck and skill play a roll in investing. Show Notes The ‘Dumb’ Money Is Bailing on U.S. Stocks. That’s Smart. - Jason … [Read more...]
203: Is Investing More Like Poker or Chess?
How to make better investing and life decisions. In this episode you’ll learn: Show Notes Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke Thinking Fast and Slow by Daniel Kahneman The Tao of Pooh by Benjamin Hoff Trying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward Slingerland Episode Sponsors Intercom Rxbar Wunder Capital Episode Summary David asks the question, “Is … [Read more...]
