Home

Podcast

Default view
Title
Date
Author
Description
URL
2022/06/27
Corey
Today I speak with David Sun, a retail trader who started his own hedge fund. Coming from a non-traditional background, David takes a non-traditional approach in his investment mandates.  Focused on selling options to capture the volatility risk premium, David believes that markets are ultimately efficient and therefore foregoes using any sort of active signal.  Instead, he focuses on explicitly controlling his win size relative to his loss size, and then choosing a strategy with a win rate that bumps him into positive expectancy.  By then maximizing the number of “at bats,” he lets the Central Limit Theorem take care of the rest.  It’s an approach he calls “expectancy hacking.” We discuss this approach in both theory and practice, addressing issues such as trading costs and slippage drag, as well as both sequence and event risk.  David’s approach is certainly non-traditional, but highlights some unique concepts of how traders may be able to architect a payoff profile around a risk premium. Please enjoy my episode with David Sun.
https://flirtingwithmodels.libsyn.com/david-sun-expectancy-hacking-s5e5
Episode #86: JJ's 2022 Mid Year Recap of Markets
Open
2022/06/25
Market Maker
Taking the podcast back to its roots, JJ & Ray discuss this wild market of 2022. Topics include: How big money is operating in this market; How would bear markets effect a market maker: The big global headline and events; How to navigate as a retail---------------------------------------------------------------------------------------------If you'd like to join JJ, Ray & a supportive community of traders, join them at microefutures.com
https://rss.com/podcasts/confessionsmm/531008
#425 – Dan Ariely, Irrational Capital – Investing in Human Capital
Open
2022/06/25
Meb Faber
Today’s guest is Dan Ariely, a Founding Partner of Irrational Capital, leading behavioral economist, and author of six books. Dan’s Ted Talks have been viewed over 10 million times. In today’s episode, Dan starts by sharing what some of his research around finance and investing. We touch on how we can encourage people to save more, the mental challenges with hedging, retirement planning, and why he’s a fan of annuities. Then we dive into his newest project, Irrational Capital, and the launch of an ETF with a killer ticker: HAPY. He shares an overview of the strategy and what research into the Human Capital factor says about what leaders can do to help their employees and company thrive.   Interested in hearing from another behavioral economist? Check out episode 337 with Nobel laureate Richard Thaler. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by the Bonner Private Wine Partnership.  Founded in 2019 by Will Bonner, the Bonner Private Wine Partnership is a group of wine lovers who come together to import great, small batch wines that might otherwise get overlooked by large importers. Click here to get 4 bottles of wine for almost half off plus free shipping. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler
https://mebfaber.libsyn.com/dan-ariely
Jonathan Miller on Urban Real Estate
Open
2022/06/24
Bloomberg
Bloomberg Radio host Barry Ritholtz speaks with Jonathan Miller, who is president, CEO and co-founder of the real-estate appraisal and consulting firm Miller Samuel Inc. Miller, a state-certified real-estate appraiser in New York and Connecticut, holds Counselor of Real Estate (CRE) and Certified Relocation Professional (CRP) credentials, and is an adjunct associate professor at Columbia University's graduate school of architecture and planning.  See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/jonathan-miller-on-urban-real-estate
#425 – Dan Ariely, Irrational Capital – Investing in Human Capital
Open
2022/06/22
Meb Faber
Today’s guest is Dan Ariely, a Founding Partner of Irrational Capital, leading behavioral economist, and author of six books. Dan’s Ted Talks have been viewed over 10 million times. In today’s episode, Dan starts by sharing what some of his research around finance and investing. We touch on how we can encourage people to save more, the mental challenges with hedging, retirement planning, and why he’s a fan of annuities. Then we dive into his newest project, Irrational Capital, and the launch of an ETF with a killer ticker: HAPY. He shares an overview of the strategy and what research into the Human Capital factor says about what leaders can do to help their employees and company thrive.   Interested in hearing from another behavioral economist? Check out episode 337 with Nobel laureate Richard Thaler. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by the Bonner Private Wine Partnership.  Founded in 2019 by Will Bonner, the Bonner Private Wine Partnership is a group of wine lovers who come together to import great, small batch wines that might otherwise get overlooked by large importers. Click here to get 4 bottles of wine for almost half off plus free shipping. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler
https://mebfaber.libsyn.com/dan-ariely
#370: OpenBB: Python's Open-source Investment Platform
Open
2022/06/22
Michael Kennedy
You may have heard of the Bloomberg terminal. It's expensive software that can monitor and analyze real-time financial market data and place trades on the electronic trading platform. But have you heard of OpenBB? It's similar software for real-time and long term analysis for finance and investing. The difference is it's open source and built entirely with Python and gives you access to analyze a massive amount of real-time and historical data using the full Python data science stack. On this episode, we have one of the cofounders, James Maslek here to give us a look inside this cool piece of Python-based software. Links from the show James Maslek: linkedin.com OpenBB: openbb.co OpenBB Feature Gallery: openbb.co $8.5M seed funding announcement: openbb.co/blog How to get rich talk by Naval (less money-focused than the title implies): youtube.com Watch this episode on YouTube: youtube.com Episode transcripts: talkpython.fm --- Stay in touch with us --- Subscribe to us on YouTube: youtube.com Follow Talk Python on Twitter: @talkpython Follow Michael on Twitter: @mkennedy Sponsors Sentry Error Monitoring, Code TALKPYTHON Python at Scale AssemblyAI Talk Python Training
https://talkpython.fm/episodes/show/370/openbb-pythons-open-source-investment-platform
Algorithmic PPC Management
Open
2022/06/21
Data Skeptic
Effectively managing a large budget of pay per click advertising demands software solutions. When spending multi-million dollar budgets on hundreds of thousands of keywords, an effective algorithmic strategy is required to optimize marketing objectives. In this episode, Nathan Janos joins us to share insights from his work in the ad tech industry.
https://dataskeptic.com/blog/episodes/2022/algorithmic-ppc-management
ReSolve Riffs with Jeff Snider & Emil Kalinowski of Eurodollar University on Inflationary Market Signals
Open
2022/06/21
Invest Resolve
This week we had the pleasure of welcoming Jeff Snider (Head of Global Investment Research at Alhambra Investments) and Emil Kalinowski (enterprising investor, author and host of both a talk radio show and a podcast). Together, they co-host Eurodollar University podcast and shed light on the complexities of the global monetary system. Our conversation included: Back to basics – how the global currency and monetary systems actually work The origins of the Eurodollar system Triffin’s Paradox and the breakdown of the Bretton Woods System Interest rate targeting as a form of mass psychosis for capital markets How banking reserves interact with the Eurodollar system Different types of money – commodity-backed, high-powered and credit Treasuries as the main form of balance sheet ballast for private investors A different take on the Great Financial Crisis – a stampede towards prime collateral at all costs Why central banks would compete to buy assets that are already scarce and in high demand The true impacts of quantitative easing and why it’s ineffective in reducing interest rates The importance of sentiment and why the main role of central banks is theatrical Lacking the tools to unclog the system How even China got caught in the ‘Eurodollar System Vortex’ Vast swathes of the real economy have been deprived of credit since 2008 REPO markets, unwilling primary dealers and backwards elasticity Rehypothecation of collateral and other fundamental problems Creation and intermediation
https://gestaltu.libsyn.com/resolve-riffs-with-jeff-snider-emil-kalinowski-of-eurodollar-university-on-inflationary-market-signals
Lessons from Bad Managers
Open
2022/06/21
Dimitri
Last week's episode was on lessons I learned from good managers and today we discuss lessons from bad managers. Many of the key issues here really come down to being an honest and transparent person (lessons we learned in the episode about building a personal brand). Not doing work and calling people out during meetings is simply bad behavior especially when you are the manager.Video version available on YouTube:https://youtu.be/lhM2cDsFHJsWebsite:https://www.FancyQuantNation.comQuant t-shirts, mugs, and hoodies:https://www.teespring.com/stores/fancy-quantConnect with me:https://www.linkedin.com/in/dimitri-biancohttps://twitter.com/DimitriBiancoSupport the show
https://www.buzzsprout.com/803279/10815879-lessons-from-bad-managers.mp3
#424 – Robin Goldstein & Daniel Sumner – The Economics of Weed
Open
2022/06/20
Meb Faber
Today’s guests are Robin Goldstein and Daniel Sumner, two economists and the authors of the new book, Can Legal Weed Win?: The Blunt Realities of Cannabis Economics. If you are a fan of Freakonomics, this episode is up your alley! In today’s episode, we start with the history of weed and what led to it becoming illegal in the US. Then we get into the competition between the legal and illegal markets, the impact of both good and bad regulations so far, and the future of the cannabis industry from both the business and investment perspective. As we wind down, our guests share predictions for when it will be legalized at the Federal level, and what their worst-case scenario is for when that happens. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online. For more information, please visit acretrader.com/meb. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in
https://mebfaber.libsyn.com/can-legal-weed-win
Aneet Chachra - Surfing Flow for Fun and Profit (S5E4)
Open
2022/06/20
Corey
In this episode I talk with Aneet Chachra, fund manager at Janus Henderson. In his role, Aneet runs flow-driven strategies.  These are strategies that seek to find an edge in market events where trading volume creates a predictable pressure on price, such as index additions or deletions, corporate buybacks or issuance, or even the rebalancing of target date funds.  Our conversation is wide ranging, from the basics of how Aneet categorizes these types of trades, to views on how changing market structure has affected the opportunity set, to the impact of social leverage on risk management. While the approach may be highly niche, Aneet is bursting with broadly applicable wisdom. I hope you enjoy this episode with Aneet Chachra.
https://flirtingwithmodels.libsyn.com/aneet-chachra-surfing-flow-for-fun-and-profit-s5e4
Data Skeptic: Ad Tech
Open
2022/06/18
Data Skeptic
Increasingly, people get most if not all of the information they consume online. Alongside the web sites, videos, apps, and other destinations, we’re consistently served advertisements alongside the organic content we search for or discover. Targetted ads make it possible for you to discover relevant new products you might otherwise not have heard about. Targetting can also open a pandora’s box of ethical considerations. Online advertising is a complex network of automated systems. Algorithms controlling algorithms controlling what we see. This season of Data Skeptic will focus on the applications of data science to digital advertising technology. In this first episode in particular, Kyle shares some of his own personal experiences and insights working in pay per click marketing.
https://dataskeptic.com/blog/episodes/2022/ad-tech
Charles Strom on the Diagnostics Industry
Open
2022/06/17
Bloomberg
Bloomberg Radio host Barry Ritholtz speaks with Dr. Charles Strom, who has spent the past 30 years in the fast-changing field of genetic testing. The CEO and co-founder of Liquid Diagnostics, which uses new technology to analyze ultra-short DNA fragments in saliva and blood, Strom previously served as medical director for genetic testing at Quest Diagnostics, did groundbreaking work in pre-implantation genetics while at the Reproductive Genetics Institute, and served as a faculty member at the University of Chicago, where he also earned his doctorate and medical degrees.   See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/charles-strom-on-the-diagnostics-industry
ReSolve Riffs with the ReSolve Crew on Optimizing Risk Parity and Stacking Alphas
Open
2022/06/17
Invest Resolve
For this week’s special episode, Adam, Mike, Rodrigo and Richard gathered to explore the building blocks of an ultimate All Weather portfolio. Our conversation included: The blind spots of the 60/40 stock-bond portfolio Regime dependency and economic shocks Diversifiable versus non-diversifiable risks How to create an optimal portfolio that can navigate most regimes Why Global Risk Parity is the natural starting point for any investor with a long-term view Different ways to implement Risk Parity Time horizons and rebalancing Tactical tilts and the beta-alpha continuum Yield as another proxy for risk Global Carry as a complement to risk parity beta The Existence Proof as a threat to alpha Trend following, seasonality, carry, counter-trend, relative value and volatility Why one man’s alpha can sometimes be another’s (smart) beta Ensembles and thinking beyond traditional factors Considering speed and size And much more This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc.
https://gestaltu.libsyn.com/resolve-riffs-with-the-resolve-crew-on-optimizing-risk-parity-and-stacking-alphas
#369: Getting Lazy with Python Imports and PEP 690
Open
2022/06/16
Michael Kennedy
Python is undergoing a performance renaissance. We already have Python 3.11 20-40% faster than even Python 3.10. On this episode, we'll dive into a new proposal to make Python even more efficient using lazy imports laid out in PEP 690. We have all three folks involved on the episode: Carl Meyer, Germán Méndez Bravo, and Barry Warsaw. Are you ready to get into making Python faster still? Let's dive in. Links from the show Guests Barry Warsaw: @pumpichank Germán Méndez Bravo: @germbravo Carl Meyer: @carljm PEP 690: peps.python.org PEP 690 Discussion: discuss.python.org Cinder project: github.com Python Lazy Imports With Cinder on the Meta blog: developers.facebook.com Python performance renaissance: #339: Making Python Faster: talkpython.fm Performance benchmarks for Python 3.11 are amazing: phoronix.com Watch this episode on YouTube: youtube.com Episode transcripts: talkpython.fm --- Stay in touch with us --- Subscribe to us on YouTube: youtube.com Follow Talk Python on Twitter: @talkpython Follow Michael on Twitter: @mkennedy Sponsors Sentry Error Monitoring, Code TALKPYTHON Talk Python Training AssemblyAI
https://talkpython.fm/episodes/show/369/getting-lazy-with-python-imports-and-pep-690
#423 – Mebisode – Shareholder Yield: Does it Work Within Sectors and Industries?
Open
2022/06/15
Meb Faber
In this Mebisode, Meb reads his post from January 2022, which looks to see if a shareholder yield strategy works within different sectors. To read the entire post, click here. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s 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’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, top podcasts and the entire research library. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
https://mebfaber.libsyn.com/shareholder-yield-0
ReSolve Riffs with Cem Karsan on Options Alpha and a Shifting Macro Landscape
Open
2022/06/15
Invest Resolve
We had the pleasure this week of speaking with Cem Karsan (the pronunciation can be a bit challenging, bit the hint is in his Twitter handle - @jam_croissant), founder of Kai Volatility Advisors. His deep knowledge of market structures and investment flows took us on a fascinating conversation that included: Joining a team early in his career that would become one of the Street’s largest options market makers Developing a profound understanding of the reflexive game of dealer positioning and its feedback effects on asset prices Launching Kai Volatility Advisors and three uncorrelated strategies A quantitative approach with a discretionary overlay The circumstances under which dealer flow becomes most relevant The upcoming June expiration and the ‘massive delta’ hovering over the market Distributions vs expectations The remarkable advances in the options market over the last two decades The ‘dramatic oversupply’ of volatility and its underperformance as an asset-class The JP Morgan Equity Hedge giant and its impact on the market Efficiency, transparency and performance – the trade-offs between ETFs and private pools Cem’s global macro perspective and his take on the current environment The explosive combination of cheap capital and technological innovation The road to inflation – inequality, populism and a pandemic-induced fiscal trigger of titanic proportions And much more This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investm
https://gestaltu.libsyn.com/resolve-riffs-with-cem-karsan-on-options-alpha-and-a-shifting-macro-landscape
Len Tashman
Open
2022/06/14
Pierre Pinson
Our next guest is Len Tashman, Professor Emeritus of business administration at the University of Vermont, US. He is the founding and continuing editor of Foresight: The International Journal of Applied Forecasting.Len tells us how the “Foresight” journal was established in 2005, the main idea behind it, and how it is going now. This journal provides up-to-date research for practitioners and forecasters, and it has an impressive background story. Len highly recommends a prominent book by Daniel Kahneman “Thinking, Fast and Slow” as well as a new book released by Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein, “Noise: A Flaw in Human Judgment”.
https://www.buzzsprout.com/1641538/10789860-len-tashman.mp3
Lessons from Good Managers
Open
2022/06/14
Dimitri
Over the years of working I have worked for a few managers and have witnessed a lot of managers of a variety of teams. In today's podcast episode I am discussing the lessons I have learned from good managers. Some of the main lessons are about taking time to make big decisions (time has value) and take a real interest in your team members.Next week's episode will be me discussing lessons I have learned from bad managers.Website:https://www.FancyQuantNation.comQuant t-shirts, mugs, and hoodies:https://www.teespring.com/stores/fancy-quantConnect with me:https://www.linkedin.com/in/dimitri-biancohttps://twitter.com/DimitriBiancoThe Gaming BlenderEver wanted to design your own video game? We create new hypothetical games every episode!Listen on: Apple Podcasts   SpotifySupport the show
https://www.buzzsprout.com/803279/10756279-lessons-from-good-managers.mp3
#422 – Best Idea Show – Doron Junger, Sanvia Capital
Open
2022/06/13
Meb Faber
Today’s guest is Doron Junger, founder and Portfolio Manager for Sanvia Capital, a biotech investment firm, which originally started as a Millennium Partners platform company.   In today’s episode, we’re talking about US biotech! Doron’s extensive background as a doctor and PM with the likes of Citadel, SAC, Millennium and JP Morgan makes him the perfect guest to discuss why this space is so beaten down and what opportunity lies ahead. After giving us a high level overview of where the sector sits today, Doron shares some areas he’s excited about, including gene-therapy and psychedelics, and companies in each space that he likes going forward. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s 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’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, top podcasts and the entire research library. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more
https://mebfaber.libsyn.com/422-best-idea-show-doron-junger-sanvia-capital-us-biotech
The Reliability of Mobile Phone Data
Open
2022/06/13
Data Skeptic
Our mobile phones generate an incredible amount of data inbound and outbound. In today’s episode, Nishant Kishore, a PhD graduate of Harvard University in Infectious Disease Epidemiology, explains how mobility data from mobile phones can be captured and analysed to understand the spread of infectious diseases.
https://dataskeptic.com/blog/episodes/2022/the-reliability-of-mobile-phone-data
Online learning is better than batch, right? Wrong! (Ep. 200)
Open
2022/06/13
In this episode I speak about online learning systems and why blindly choosing such a paradigm can lead to very unpredictable and expensive outcomes. Also in this episode, I have to deal with an intruder :)     Links Birman, K.; Joseph, T. (1987). "Exploiting virtual synchrony in distributed systems". Proceedings of the Eleventh ACM Symposium on Operating Systems Principles - SOSP '87. pp. 123–138. doi:10.1145/41457.37515. ISBN 089791242X. S2CID 7739589.
https://datascienceathome.podbean.com/e/online-learning-is-better-than-batch-right-wrong-ep-200/
Mortiz Seibert & Moritz Heiden - From CTA to web3 (S5E3)
Open
2022/06/13
Corey
In this episode, I speak with the Twoquants: Moritz Seibert and Moritz Heiden. There are really two halves to this episode.  In the first, we discuss trend following strategies at length.  We cover the usual topics of signals, speeds, and portfolio construction before diving into some niche views, such as synthetic assets, spread trades, and alternative roll schedules. In the second half, we pivot to discuss crypto markets, as the Moritzes now serve as CIO and CTO for the Exponential Age Digital Asset Fund.  We discuss their journey into crypto, their explorations of the NFT space, considerations that make crypto unique from traditional markets from an allocators perspective, and advice for emerging managers in the space. So kick back, relax, and please enjoy my conversation with Moritz Seibert and Moritz Heiden.
https://flirtingwithmodels.libsyn.com/mortiz-seibert-moritz-heiden-from-cta-to-web3-s5e3
Episode #85: Adam Levitan DFS & Sports Betting Pro on Data Driven Decision Making to Beat Any Market
Open
2022/06/10
Market Maker
World class daily fantasy sports player & sports bettor; Co founder of Establish the Run: a premium football analysis site. The best podcaster in the fantasy sports & betting genre. You may know him as the owner to the most beautiful beast in the world; You may know him as the idol of virgins all across the globe. Mr.Skin to fur; King GPP bro. Confessions of a Market Maker presents Adam Levitan---------------------------------------------------------------------------------------------If you'd like to join JJ, Ray & a supportive community of traders, join them at microefutures.com Establish The Run: https://establishtherun.com/ Adam Levitan on Twitter: https://twitter.com/adamlevitan?s=20&t=lHHgFsNLbhiYBPCdSWXQkw
https://rss.com/podcasts/confessionsmm/515980
Mark Mobius on Emerging Market Funds
Open
2022/06/10
Bloomberg
Bloomberg Radio host Barry Ritholtz speaks with Mark Mobius, known as “the Godfather of Emerging Markets,” who has spent more than 40 years working in and traveling throughout developing economies. Prior to launching the eponymous Mobius Capital Partners in 2018, he served as executive chairman of Franklin Templeton Investments’ emerging markets group, which he helped to grow from $100 million across six markets to more than $40 billion in 70 countries. Mobius has a Ph.D. in economics from MIT and has authored 12 books.   See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/mark-mobius-on-emerging-market-funds
ReSolve Riffs with the ReSolve Crew on Optimizing Risk Parity and Stacking Alphas
Open
2022/06/09
Invest Resolve
For this week’s special episode, Adam, Mike, Rodrigo and Richard gathered to explore the building blocks of an ultimate All Weather portfolio. Our conversation included: The blind spots of the 60/40 stock-bond portfolio Regime dependency and economic shocks Diversifiable versus non-diversifiable risks How to create an optimal portfolio that can navigate most regimes Why Global Risk Parity is the natural starting point for any investor with a long-term view Different ways to implement Risk Parity Time horizons and rebalancing Tactical tilts and the beta-alpha continuum Yield as another proxy for risk Global Carry as a complement to risk parity beta The Existence Proof as a threat to alpha Trend following, seasonality, carry, counter-trend, relative value and volatility Why one man’s alpha can sometimes be another’s (smart) beta Ensembles and thinking beyond traditional factors Considering speed and size And much more This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc.
https://gestaltu.libsyn.com/resolve-riffs-with-the-resolve-crew-on-optimizing-risk-parity-and-stacking-alphas
Mark Koyama and Jared Rubin, "How the World Became Rich: The Historical Origins of Economic Growth" (Polity, 2022)
Open
2022/06/09
Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass?  In How the World Became Rich: The Historical Origins of Economic Growth (Polity, 2022), Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently-advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the USA, Canada, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may—or may not—develop. Javier Mejia is an economist teaching at Stanford University, whose work focuses on the intersection between social networks and economic history. His interests extend to topics on entrepreneurship and political economy with a geographical specialty in Latin America and the Middle East. He received a Ph.D. in Economics from Los Andes University. He has been a Postdoc
https://traffic.megaphone.fm/NBN4568102073.mp3?updated=1654117143
#421 – Jeff Weniger, WisdomTree – Market Update: Inflation, FAANG 2.0 & Signs of A Bear Market Low
Open
2022/06/08
Meb Faber
Today’s guest is Jeff Weniger, the Head of Equity Strategy at WisdomTree.  In today’s episode, we’re talking about everything going on in the market and economy. We touch on inflation and why Jeff first tweeted about rising food prices over a year ago. Then we get into the market and discuss the relationship between interest rates and different sectors, the recent outperformance of consumer staples vs. consumer discretionary, and why Jeff is bullish on companies returning cash to shareholders. As we wind down, Jeff shares some signs he’s looking out for that may signal this bear market has bottomed. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s 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’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, top podcasts and the entire research library. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome start
https://mebfaber.libsyn.com/jeff-w
2022/06/07
Market Maker
In this episode, GoQuant's Denis Dariotis (CEO), and Keeyan Ravanshid (Advisor), discuss the latest updates in the crypto market.Check out goquant.io for more insights!
https://rss.com/podcasts/goquant/513004
Arnold Schwarzenegger's Secret Weapon
Open
2022/06/07
Bloomberg
Arnold Schwarzenegger, the movie star-turned-California governor, has been interested in business since long before he was Conan or the Terminator. For more than four decades, his behind-the-scenes partner has been Paul Wachter, whose Main Street Advisors was born 25 years ago, with Schwarzenegger's encouragement. The modern multihyphenate -- think LeBron, Drake, Billie Eilish -- are following a template the pair established in the 1980s, as Schwarzenegger successfully expanded his popularity and wealth through savvy dealmaking. The key element: Don't just endorse when you can own a piece of the product. See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/arnold-schwarzeneggers-secret-weapon
Robin Goldstein and Daniel Sumner, "Can Legal Weed Win?: The Blunt Realities of Cannabis Economics" (U California Press, 2022)
Open
2022/06/07
Cannabis "legalization" hasn't lived up to the hype. Across North America, investors are reeling, tax collections are below projections, and people are pointing fingers. On the business side, companies have shut down, farms have failed, workers have lost their jobs, and consumers face high prices. Why has legal weed failed to deliver on many of its promises? Can Legal Weed Win?: The Blunt Realities of Cannabis Economics (U California Press, 2022) takes on the euphoric claims with straight dope and a full dose of economic reality. This book delivers the unadulterated facts about the new legal segment of one of the world's oldest industries. In witty, accessible prose, economists Robin Goldstein and Daniel Sumner take readers on a whirlwind tour of the economic past, present, and future of legal and illegal weed. Drawing upon reams of data and their own experience working with California cannabis regulators since 2016, Goldstein and Sumner explain why many cannabis businesses and some aspects of legalization fail to measure up, while others occasionally get it right. Their stories stretch from before America's first medical weed dispensaries opened in 1996 through the short-term boom in legal consumption that happened during COVID-19 lockdowns. Can Legal Weed Win? is packed with unexpected insights about how cannabis markets can thrive, how regulators get the laws right or wrong, and what might happen to legal and illegal markets going forward. Robin Goldstein is an economist a
https://traffic.megaphone.fm/NBN7566845787.mp3?updated=1653924554
Building a Personal Brand
Open
2022/06/07
Dimitri
I often see gimmicky posts or videos about building a personal brand. It is usually about generating a lot of easy worthless content and adding professional headshots and being active in groups on LinkedIn. LinkedIn is a great place to start however your brand really starts with who you are as a person. Being honest and fair at your day job will bring back much more value in promotions and job opportunities than re-posting how to do something or patting everyone on the back. Now LinkedIn is a great place to help build your brand but I would focus on quality content, questions, and comments over quantity. Support the show
https://www.buzzsprout.com/803279/10749318-building-a-personal-brand.mp3
GestaltU Podcast with Jason Josephiac on Portable Alpha, Risk Mitigation and the Future of Investing
Open
2022/06/06
Invest Resolve
This week Adam and Rodrigo of ReSolve Global* had the pleasure of speaking with Jason Josephiac of Meketa Investment Group. Our conversation spanned topics including: His background in the industry and joining Meketa Asset Allocation: label/category diversification vs. risk/functional diversification Risk Parity vs. Traditional Asset Allocation What Portable Alpha Synthetically creating your own “bond” with risk factors not directly tied to spreads and rates Risk Mitigating Strategies (RMS) Long Volatility – 1st Responders Trend Following – 2nd Responders Beta Neutral and Uncorrelated (Diversifiers) Behavioral/psychological biases of investors Why “hedge funds” are not an asset class and many “hedge fund” programs tend not to withstand the test of time What is risk? Generalists vs. Specialists How LDI portfolios could be improved Evolution of dissecting returns and understanding factor risks, what is alpha vs. beta How can investment managers and investors become better aligned?   Thank you very much for tuning in – please like and share if you find the content valuable!   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.
https://gestaltu.libsyn.com/gestaltu-podcast-with-jason-josephiac-on-portable-alpha-risk-mitigation-and-the-future-of-investing
#420 – Dan Cooper, ROC Investments – ROC: Return on Character
Open
2022/06/06
Meb Faber
Today’s guest is Dan Cooper, founder and CEO of ROC Investments, which allocates capital on the basis of the behaviors of the CEOs and their senior executive teams. Dan shares how he ran a strategy focused on investing in companies with CEO’s that display high character earlier in his career.  When he later looked back at the returns and found traditional factors only explained 30% of the strategy’s outperformance, he decided to launch an ETF based on that strategy, ticker ROCI.  He shares how he defines character, how he quantifies it, and then how he implements it into a portfolio. Finally he shares what CEO’s exemplify this strategy with stories of executives of Costco, Southwest & Microsoft. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s 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’s largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, top podcasts and the entire research library. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, 
https://mebfaber.libsyn.com/420-dan-cooper-roc-investments-roc-return-on-character
Haywire Algorithms
Open
2022/06/06
Data Skeptic
The pandemic changed how we lived. And this had a ripple effect on the performance of machine learning models. Ravi Parikh joins us today to discuss how the pandemic has affected the performance of machine learning models in clinical care and some actionable steps to fix it.
https://dataskeptic.com/blog/episodes/2022/haywire-algorithms
LightSpringFox - Crypto Market Making (S5E2)
Open
2022/06/06
Corey
In a first for Flirting with Models, my guest this episode is anonymous, going only by the handle LightSpringFox on Twitter.   Mr. Fox is a quantitative trader who works in crypto market making at MGNR. Mr. Fox did not begin his career in crypto, nor even in market making.  Rather, his background is in traditional equity factor investing, and so we spend a good deal of comparing and contrasting the low- and high-frequency domains.  We also discuss the nature of market making edges, the unique risks of high frequency, how crypto and traditional finance market making deviate, and what Mr. Fox considers the “hardest problem in HFT.” Without further ado, please enjoy my conversation with LightSpringFox.
https://flirtingwithmodels.libsyn.com/lightspringfox-crypto-market-making-s5e2
Daniel C. Chung on Probability Theories for Investors
Open
2022/06/03
Bloomberg
Bloomberg Radio host Barry Ritholtz speaks with Daniel C. Chung, who is chief executive officer and chief investment officer of the asset-management firm Alger. He is also portfolio manager of several Alger strategies, including the Spectra fund, which is worth $4.5 billion. Chung has nearly three decades of investment experience; prior to that, he attended Harvard Law School and Stanford University. He is also a CFA charterholder and a member of the CFA Institute.   See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/daniel-c-chung-on-probability-theories-for-investo
What are generalist agents and why they can change the AI game (Ep. 199)
Open
2022/06/03
That deep learning alone is not sufficient to solve artificial general intelligence, is more and more accepted statement. Generalist agents have great properties that can overcome some of the limitations of single-task deep learning models. Be aware, we are still far from AGI, though.   So what are generalist agents?   References https://arxiv.org/pdf/2205.06175
https://datascienceathome.podbean.com/e/what-are-generalist-agents-and-why-they-can-change-the-ai-game-ep-199/
Episode #84: Brett Richey on his Poker Come Up, Web3 Betting & Navigating the NFT Space
Open
2022/06/02
Market Maker
Professional poker player since the early 2000’s; President and founder of blitzpick: a web3 sports betting portal; Co host of the nft mania show; Best poker playing hip hop artist. Confessions of a Market Maker present Brett Richey---------------------------------------------------------------------------------------------If you'd like to join JJ, Ray & a supportive community of traders, join them at microefutures.com
https://rss.com/podcasts/confessionsmm/507812
Samir Vasavada, Vise: Automating Wealth Management
Open
2022/06/02
CFA Society
Our guest today is Samir Vasavada, co-founder & CEO of Vise. Samir came up with the idea for Vise when him and Runik Mehrotra (fellow co-founder) were teenagers. Samir is responsible for Operations, Business Development and managing a team of Engineers and Ph.D. AI and Quantitative Finance Researchers at Vise. Vise is a venture-backed FinTech startup using Artificial Intelligence to revolutionize Portfolio Construction and Management for Financial Advisors. Vise has raised enough capital to be considered a unicorn (valuation greater than $1B) and is backed by Sequoia Capital, Founders Fund, & the Wharton School of Business (among other investors). Samir is one of the youngest FinTech founders I have ever met and was named in the 2021 Forbes list for top 30 under 30. In today’s episode, we go back to Samir’s time in high school and how he met his business partner and fellow co-founder Runik Mehrotra. We discuss what Vise is, what is unique about them and the venture backed fundraising process. We also talk about the all in cost of advice for investors, the future of the wealth management profession and much more. It is worth noting that this episode was recorded a short time ago and both the market environment and Vise’s strategy have shifted substantially since recording this episode. That said, it will be exciting to watch what Samir and Vise do next as they attempt to shape the future of investment management. Our host today is Steve Curley, CFA, current board me
https://cfasocietyorlando.libsyn.com/samir-vasavadavise-automating-wealth-management
The Geometry of Time
Open
2022/06/01
Patrick J Zoro
Professor Patrick Zoro speaks with Gurraj Singh Sangha, CFA Chief Quantitative Investment Officer about the concept of time within the alternative investment signal realm. The concept of Theory of Relativity, Free Will, Block Theory, the works of Henri Bergson and Martin Armstrong make their way into the conversation. Patrick Zoro Manages the Master In Financial Engineering program at Lehigh University https://www.linkedin.com/company/lehigh-master-in-financial-engineering
https://soundcloud.com/patrick-nettlebay/the-geometry-of-time
#419 – Peter Zeihan – Deglobalization, Depopulation, & What It Means Going Forward
Open
2022/06/01
Meb Faber
Today’s guest is Peter Zeihan, a geopolitical expert who may be the best person to talk to about the secular changes happening in the world today. His newest book, The End of the World Is Just the Beginning: Mapping the Collapse of Globalization, will be released on June 14th. In today’s episode, Peter talks about the two main themes he sees in the world today: deglobalization and depopulation. He touches on what countries set up to thrive or suffer based on these trends. Peter shares why he’s extremely bearish on China and the implications of this on a possible invasion of Taiwan. Then we get into the war between Russia and Ukraine and related issues within the energy markets, supply chains and food shortages, all of which he thinks aren’t going away any time soon.  As we wind down, we quickly touch on things like inflation, the shale revolution, nuclear energy, and why he thinks the head of the Russian Central Bank may be the smartest person in the world today. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s 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’s largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberSho
https://mebfaber.libsyn.com/peter-zeihan-deglobalization-depopulation-what-it-means-going-forward
Pierre Penet and Juan Flores Zendejas, "Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony" (Oxford UP. 2021)
Open
2022/05/31
Pierre Penet and Juan Flores Zendejas' book Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony (Oxford UP. 2021) aims to revisit the meaning of sovereign debt in relation to colonial history and postcolonial developments. It offers three main contributions. The first contribution is historical. The volume historicizes a research field that has so far focused primarily on the post-1980 years. A focus on colonial debt from the 19th century building of colonial empires to the decolonization era in the 1960s-70s fills an important gap in recent debt historiographies. Economic historians have engaged with colonialism only reluctantly or en passant, giving credence to the idea that colonialism is not a development that deserves to be treated on its own. This has led to suboptimal developments in recent scholarship. The second contribution adds a 'law and society' dimension to studies of debt. The analytical payoff of the exercise is to capture the current developments and functional limits of debt contracting and adjudication in relation to the long-term political and sociological dynamics of sovereignty. Finally, Sovereign Debt Diplomacies imports insights from, and contributes to the body of research currently developed in the Humanities under the label 'colonial and postcolonial studies'. The emphasis on 'history from below' and focus on 'subaltern agency' usefully complement the traditional elite-perspective on financial imperialism favored
https://traffic.megaphone.fm/NBN6825252424.mp3?updated=1653846837
Charlie Eaton, "Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education" (U Chicago Press, 2022)
Open
2022/05/31
Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education (U Chicago Press, 2022), finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful fina
https://traffic.megaphone.fm/NBN2053799355.mp3?updated=1653647313
Is Hiring Fair: Truth from the Inside
Open
2022/05/31
Dimitri
Hiring for any job is extremely challenging. Getting hired as an employee is also extremely challenging. Today I cover the biggest issue on why firms can't find the right candidates as well as why individuals who are fully qualified can't find good jobs.Support the show
https://www.buzzsprout.com/803279/10703463-is-hiring-fair-truth-from-the-inside.mp3
Episode 252: Vendor lock-in and interoperability
Open
2022/05/30
WatersTechnology
James Crosby, founder and CEO of data management firm Fencore based out of Singapore, joins Wei-Shen on the podcast this week. They talk about the risks of vendor lock-in and how firms—both end-users and service providers—are working towards interoperability. 4:30 – James joins the podcast and gives an overview of what Fencore does. 8:30 – They discuss if there’s a balance between creating product stickiness and true openness. 12:30 – What are the biggest risks of vendor lock-in? 15:00 – How should firms balance consolidation of system providers versus spreading across different providers? 17:30 – James talks about how having a single approach to systems is a utopian ideal. 19:00 – What needs to happen to achieve true interoperability between different systems? 21:30 – James walks through the work required in implementing and configuring a new platform. 23:30 – How does providing flexibility to the end-user work from a contracting perspective? 28:00 – They discuss what the end state of interoperability may look like.
https://soundcloud.com/waterstechnology/episode-252-vendor-lock-in-and-interoperability
School Reopening Analysis
Open
2022/05/30
Data Skeptic
Carly Lupton-Smith joins us today to speak about her research which investigated the consistency between household and county measures of school reopening. Carly is a doctoral researcher in Biostatistics at Johns Hopkins Bloomberg School of Public Health. Listen to know about her findings.
https://dataskeptic.com/blog/episodes/2022/school-reopening-analysis
Michael Green - The Active Impact of Passive Investing (S5E1)
Open
2022/05/30
Corey
In this episode I speak with Michael Green, Chief Strategist as Simplify ETFs.  In a first for the Flirting with Models podcast, we recorded this episode live at the ETF Exchange in Miami in early April 2022.   Given Michael’s eclectic background, our conversation is wide ranging.  He has traded everything from small-cap value to commodities to housing derivatives to long volatility, and so we try to find the common elements and themes across his career.  One that sticks out is his quote that “it’s not enough to do the analysis: there needs to be a trade there as well.” Michael has become well known for his view that passive investing may now represent a systemic risk to markets.  We discuss the origins for this view, how it has evolved, counter-points, and the trade that pairs with the analysis.  Finally, we discuss the Simplify High Yield PLUS Credit Hedge ETF, the first strategy from Simplify that really has Michael’s fingerprints all over it. I hope you enjoy my conversation with Michael Green.
https://flirtingwithmodels.libsyn.com/michael-green-the-active-impact-of-passive-investing-s5e1
Adam Parker on Strategies and Valuations
Open
2022/05/27
Bloomberg
Bloomberg Radio host Barry Ritholtz speaks with Adam Parker, who is the founder and CEO of Trivariate Research LP. From 2010 to early 2017, Adam was the chief US equity strategist and director of global quantitative research at Morgan Stanley, where he was acknowledged as a top strategist and quantitative researcher multiple times by Institutional Investor magazine. He was also a member of Morgan Stanley’s Global Investment Committee, a seven-person group responsible for asset allocation recommendations for the firm’s $2 trillion private wealth network. A prolific researcher, Parker co-authored a groundbreaking paper on gender diversity as a risk factor. He holds a Ph.D. in statistics from Boston University.  See omnystudio.com/listener for privacy information.
https://omny.fm/shows/masters-in-business/adam-parker-on-strategies-and-valuations
Streaming data with ease. With Chip Kent from Deephaven Data Labs (Ep. 198)
Open
2022/05/27
In this episode, I am with Chip Kent, chief data scientist at Deephaven Data Labs. We speak about streaming data, real-time, and other powerful tools part of the Deephaven platform.   Links Deephaven - https://deephaven.io Deephaven Community Core Documentation - ​​https://deephaven.io/core/docs/ Deephaven Community Slack - https://join.slack.com/t/deephavencommunity/shared_invite/zt-11x3hiufp-DmOMWDAvXv_pNDUlVkagLQ GitHub: Deephaven Community Core - https://github.com/deephaven/deephaven-core Barrage - https://github.com/deephaven/barrage Deephaven web components - https://github.com/deephaven/web-client-ui YouTube Channel - https://www.youtube.com/channel/UCoaYOlkX555PSTTJz8ZaI_w Blog posts  Real-time classification with Deephaven and SciKit-Learn - https://deephaven.io/blog/2022/02/02/learn-scikit/ Display a quadrillion rows of data in the browser - https://deephaven.io/blog/2022/01/24/displaying-a-quadrillion-rows/ A performance comparison between Materialize and Deephaven - https://deephaven.io/blog/2022/03/05/deephaven-materialize-study/ Careers https://deephaven.io/company/careers/ Community Slack http://deephaven.io/slack.
https://datascienceathome.podbean.com/e/streaming-data-with-ease-with-chip-kent-from-deephaven-data-labs-ep-198/
Load 50 more
COUNT314
TOP