Enterprising Investor
529 episodes - English - Latest episode: 12 days ago - ★★★★ - 50 ratingsFormerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Enterprising Investor will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals.
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Episodes
Finance and Human Progress - Two Sides of the Same Coin
November 11, 2020 11:00 - 34 minutes - 31.7 MBEpisode #437. Renowned financial market historian William N. Goetzmann of the Yale School of Management takes the audience on a fascinating journey that spans stock market bubbles and lessons for today’s investors to interplanetary finance.
ESG Investing and the Asset Management Firm of the Future
November 04, 2020 11:00 - 42 minutes - 39.2 MBEpisode #436. Heidi Ridley, CFA, co-founder of Radiant ESG, discusses why she believes ESG is probably the single most important change to asset management, her journey from CEO of Rosenberg Equities to launching her own firm, and what it takes to build a strong organizational culture.
Randall Kroszner on Central Banks and Crisis Responses
October 28, 2020 10:00 - 25 minutes - 23 MBIn episode #435, Randall Kroszner discusses central bank responses to COVID-19, the impact of lower rates on savers and plan sponsors, the toolkit to deal with future crises, and a way forward for bailouts of insolvent firms.
Investing and Beyond: Living your Best Life
October 21, 2020 10:00 - 33 minutes - 31 MBEpisode #434. In a wide-ranging and frank conversation, Michael Falk, CFA, a partner at the Focus Consulting Group, discusses the one question every investor must answer right now, how to take investment teams from good to great, what he believes to be the progenitor behavioral bias, and his diagnosis with ALS, often called Lou Gehrig's disease.
Inside the Mind of a VIX Pioneer
October 14, 2020 10:00 - 33 minutes - 62 MBIn episode #433, Sandy Rattray, CIO of Man Group, discusses whether the VIX is a fair estimate of volatility, building a work culture for data scientists and machine learning experts, and the role of technology and data in investing.
Government pension schemes: how they rank and what makes a good one.
October 07, 2020 10:00 - 25 minutes - 46.9 MBIn episode #432, Maria Wilton, CFA, discusses the 2020 CFA Institute/Mercer co-branded Global Pension Index. Who is responsible for providing retirement income: the government or individual? What are the features of a good government pension scheme?
Lessons in Asset Allocation and Manager Selection
September 30, 2020 10:00 - 42 minutes - 38.7 MBLessons in Asset Allocation and Manager Selection In episode #431, Mark W. Yusko, founder, CEO, and CIO of Morgan Creek Capital Management, shares his views on a range of topics, including the US economic recovery, asset allocation, manager selection, and really good versus great investors. Episode transcript: http://static.3playmedia.com/p/files/5205271/threeplay_transcripts/15531158?format_id=46&project_id=18442&format=pdf Topics discussed: • 1:40 – Mark’s road trip experience f...
Grasping alternative sources of alpha in today’s investment landscape
September 23, 2020 10:00 - 19 minutes - 18.2 MBInternet and related technologies have been creating data like never before. Jumps in computing power and competition have made it increasingly difficult for active managers to get an edge through traditional data sources. Episode #430 provides an overview of the fast-changing canvas of data and alternative sources of alpha.
Investment Outlook and Thoughts from APAC
September 16, 2020 10:00 - 28 minutes - 26.3 MBEpisode #429. Neil Govier, CFA, talks to Ken Siazon and Manish Sharma, CFA, both from Southeastern Asset Management, about the outlook for APAC equity markets, value investing, investment opportunities, and the likely speed of recovery from COVID-19.
Data Analytics and Improving Investor Behavior
September 09, 2020 10:00 - 35 minutes - 65.5 MBIn episode #428, Clare Flynn Levy, founder & CEO of Essentia Analytics, discusses common behavioral errors and how to mitigate them, where alpha is lost and found, and what investors can do to build decision-making resilience.
Investing in Africa: Is Now the Time?
September 02, 2020 10:00 - 22 minutes - 20.6 MBIn episode #427, Melissa Cook, CFA, founder and managing director of African Sunrise Partners LLC, dispels some of the biggest misconceptions investors have when considering Africa and makes the case for investing in the continent.
Risks and Opportunities in Global Bond Markets
August 26, 2020 10:00 - 33 minutes - 30.8 MBIn episode #426, Anne Walsh, CFA, chief investment officer for fixed income at Guggenheim Partners, discusses risks and opportunities in global bond markets, Guggenheim’s investment process, and why investment management is a high calling.
The Art of Talking Trust
August 19, 2020 10:00 - 17 minutes - 15.9 MBIn episode #425, we invited Scott West, the Head of Invesco Consulting and Lisa Kueng, their Director of Creative Campaigns, to get a better understanding of the actions that investment professionals can take right away to build trust with clients and how investment professionals can harness language to help grow, keep, and optimize their businesses.
History and Investing: Gold, ETFs, and Alexander Hamilton
August 12, 2020 10:00 - 29 minutes - 27.4 MBIn episode #424, Jan van Eck, president and CEO of Van Eck Associates Corporation, discusses his outlook on gold and China, the firm’s approach to launching ETFs, five things to know about former US president Ulysses S. Grant, and much more.
Whither Dividends?
August 05, 2020 10:00 - 31 minutes - 29 MBIn episode #423, John Tobin, CFA, explains why he believes the death of dividends is greatly exaggerated and shares advice on how investment analysts can deal with the daily information overload.
Conviction: A Critical Element of a Successful Investment Process
July 29, 2020 10:00 - 31 minutes - 28.8 MBIn episode #422, Sean Stannard-Stockton, CFA, president and CIO of Ensemble Capital, shares why conviction in an idea is one of the most under-appreciated elements of a successful investment process and also one of the most critical.
Breaking the Taboo of Race with the RACE Framework
July 22, 2020 13:15 - 34 minutes - 47 MBIn episode #421, Stephanie J. Creary, assistant professor of management at the Wharton School of the University of Pennsylvania, discusses the RACE framework she created to help employees initiate workplace conversations about race.
The Convergence of Stakeholder Capitalism and Desires for More Sustainable Investing
July 15, 2020 10:00 - 18 minutes - 33.6 MBIn episode #420, Lutfey Siddiqi discusses his thoughts on the convergence of stakeholder capitalism and investors' desires for more sustainable investing while touching on the subject of trust and whether investee companies have truly embraced long-term sustainability. Lutfey expands on this conversation in a recent blog he has written which can be found at https://blogs.lse.ac.uk/businessreview/2020/07/09/covid-19-makes-inclusion-a-strategic-imperative-for-companies-and-investors/
A Robo-Adviser’s Take on Financial Education
July 08, 2020 10:00 - 23 minutes - 21.6 MBIn episode #419, Jon Stein, CFA, the CEO and founder of Betterment, discusses the past and future of the online adviser, and the building of financial fortitude and resilience required by an uncertain environment.
Understanding Sentiment Analysis and Trading on Fear
July 01, 2020 15:33 - 27 minutes - 25.4 MBIn episode #418, psychiatrist Richard L. Peterson, CEO of MarketPsych, a behavioral economics consultancy, discusses sentiment analysis and fear as a driver of decision-making. He also shares tips for managing stress and anxious clients.
Addiction: Helping Clients, Families, and Loved Ones in Distress
June 24, 2020 13:58 - 25 minutes - 23 MBIn episode #417, Arden O’Connor discusses how financial advisers can recognize potential addiction issues with clients and shares effective communication strategies and resources for helping clients and families in sensitive situations.
Will COVID-19 accelerate or slow down the inevitable changes to the investment management industry
June 17, 2020 10:00 - 18 minutes - 24.9 MBIn episode #416, Sam Stubbs, founder and managing director of Simplicity, talks to Neil Govier, CFA, about the impact, positive or negative, that COVID-19 will have on the changes taking place within the finance industry and its impact on investor trust.
Financial Advisers and Female Clients: Risks and Opportunities
June 10, 2020 10:00 - 13 minutes - 12.3 MBIn episode #415, Barbara Stewart, CFA, shares insights from a decade spent researching women and finance. She dispels some common myths about women investors and explains why the investment industry must change to better serve female clients.
How to Read Financial News and Set Aside our Biases
June 03, 2020 10:00 - 25 minutes - 23.6 MBIn episode #414, Robert Martorana, CFA, author of the How to Read Financial News series, explains why we need to read the news with a clear eye about our emotions and biases, especially our tendency towards confirmation and political bias.
Investing in the Era of COVID-19: Geopolitics, Risk, and Forecasts
May 27, 2020 13:01 - 21 minutes - 19.7 MBIn episode #413, Joachim Klement, CFA discusses how investors can assess which geopolitical risks are important for their portfolios, shares advice on forecasting, and explains why investors must pay attention to climate change.
Peter Zeihan on COVID-19 and the Coming Global Disorder
May 22, 2020 10:00 - 29 minutes - 27.2 MBIn this bonus episode, Geopolitical strategist and author Peter Zeihan discusses why the global order, as we know it, is about to collapse, touches on the US presidential elections, and takes listeners on a whistle-stop of where we stand in the current COVID-19 crisis and what to expect in the coming weeks. This conversation was recorded during the 73rd CFA Institute Annual Virtual Conference.
Decision-Making: Morgan Housel in Conversation with Annie Duke
May 21, 2020 10:00 - 30 minutes - 27.9 MBIn this bonus episode, Morgan Housel, author of the forthcoming book, “The Psychology of Money,” interviews author, business consultant, and former professional poker player Annie Duke, about the science and strategy of decision-making and Annie’s forthcoming book, “How to Decide.”Their conversation was recorded at the 73rd CFA Institute Annual Virtual Conference.
Saving the Human Race One Project at a Time
May 20, 2020 12:49 - 41 minutes - 38.3 MBIn episode #412, Ashby Monk, executive and research director of the Stanford Global Projects Center and a member of the Future of Finance council, talks about innovation and tech disruption in finance, the future of ESG investing, and more.
Building Relevance and Resilience in Times of Crisis
May 13, 2020 10:00 - 16 minutes - 15.5 MBIn episode #411, Rebecca Fender, CFA, and Bob Stammers, CFA, co-authors of the award-winning report “Investment Professional of the Future,” discuss the findings in light of the COVID-19 pandemic and the disruption that has roiled businesses and financial markets.
COVID-19: How Big Governments and Big Tech Will Emerge Stronger
May 07, 2020 10:00 - 20 minutes - 18.5 MBIn episode #410, Andrew Sheng discusses the current and potential impacts COVID-19 will have on globalization, governments, and the economy. What will happen to investors' trust in the finance industry, and who or what will emerge stronger?
Trust and Leadership in the Investment Industry during COVID-19
April 29, 2020 10:00 - 19 minutes - 17.6 MBIn episode #409, Margaret Franklin, CFA, CEO and President of CFA Institute, discusses how CFA Institute is helping the investment management industry during COVID-19, long-term ramifications, and how to lead and build trust during a crisis.
Trust in the Era of Artificial Intelligence, Innovation, and Technology
April 22, 2020 10:00 - 19 minutes - 17.6 MBEpisode #408. We use the word "trust" a lot, but what does it mean, and why is it important in the investment industry and beyond? How can financial firms and professionals build trust? Can innovation and technology enhance trust? In this episode, Rebecca Fender, CFA, and Bob Stammers, CFA, discuss these questions and more and share some of the findings from the recent Investor Trust Study 2020 published by CFA Institute.
Meditation Tips for Staying Calm During a Crisis
April 08, 2020 10:00 - 24 minutes - 22.1 MBEpisode #407. The outbreak of coronavirus disease 2019 (COVID-19) is causing widespread concern, fear, and stress. In this episode, Jason Voss, CFA, a lifelong meditator who has spent the last 20 years researching meditation and its benefits, explains how meditation can help reduce stress, especially during times of crisis, and provides listeners with some tips on how to get started.
Panics and Pandemics: What We Can Learn from the Past
April 01, 2020 14:08 - 41 minutes - 38.3 MBEpisode #406. Pandemic panic has engulfed financial markets. In this timely and wide-ranging episode, financial economist Robert F. Bruner, co-author of The Panic of 1907: Lessons Learned from the Market's Perfect Storm, discusses the 1907 panic, what the Spanish Flu can teach us about the Novel Coronavirus (COVID-19) crisis, facts versus fiction when it comes to financial crises, how investors can identify signs of recovery, and leadership lessons in times of crisis.
Yanis Varoufakis on the State of Europe
March 25, 2020 10:00 - 17 minutes - 16.4 MBEpisode #405. Yanis Varoufakis discusses the lessons he learned during his tenure as Minister of Finance of Greece and how they led to his co-founding DiEM 25, the pan-European movement for the democratization of Europe. In this short interview, he shares his views on the relationship between politics and the investment industry and the role of capital markets within society.
Olof Granstrom on Facts and Truth
March 18, 2020 13:19 - 13 minutes - 12.8 MBEpisode #404. Olof Granstrom discusses the concept of factfulness and his work on helping people understand the world through data. In this short interview, Granstrom talks about dealing with conflicting facts and incorporating them into decision making.
From Activist to Altruist: Bill Browder's Journey
March 11, 2020 10:00 - 13 minutes - 12.2 MBIn episode #403, human rights activist Bill Browder discusses the role personal history and timing played in his career trajectory. From the founding of Hermitage Capital Management just after the fall of the Soviet Union, to his current role fighting state-sponsored corruption and human rights abuses through the Magnitsky Act, Browder shares his evolution from rebel capitalist, to activist investor, to full-time human rights activist, detailed in his book, Red Notice.
Stephanie Kelton on Modern Monetary Theory
March 04, 2020 11:00 - 18 minutes - 17.4 MBEpisode #402. Stephanie Kelton explains modern monetary theory, a new approach to economics. She explains how to break free of the myths and misunderstandings about money and the role of taxes, debt, and deficits that have hamstrung policymakers around the world.
Integrating ESG in Fixed-Income Investing
February 26, 2020 11:00 - 9 minutes - 8.88 MBIn episode #401, Kathleen M. Bochman, CFA, discusses the state of the art of ESG (environmental, social, and governance) integration in fixed-income management.
The End of a Decade
February 19, 2020 11:00 - 14 minutes - 13.6 MBIn this 400th episode of the Take 15 Podcast, Mebane Faber, a cofounder and chief investment officer of Cambria Investment Management, and our guest host, Rodney Sullivan, CFA, discuss industry trends and global asset allocation strategy as we head into a new decade of the 2020s. Mr. Faber cautions investors about "home country bias" and recommends allocating investments toward the world market portfolio, particularly with lofty valuation levels in the United States from an historical perspe...
Feelings and Forecasts: Overconfidence in Human Decision Making
February 12, 2020 11:00 - 10 minutes - 9.44 MBEpisode #399. Overconfidence is a behavioral bias that plagues many investors. What does overconfidence mean, and where does one draw the line between confidence and overly optimistic behavior? What are the most common forms of overconfidence? In this episode, Ryan O. Murphy, head of decision sciences at Morningstar Investment Management, provides the answers and offers practical tips on restraining this common bias.
Big Data and Disruption: Implications for Investing
February 05, 2020 18:10 - 12 minutes - 12 MBEpisode #398. Paula Campbell Roberts leads KKR's efforts to incorporate big data and machine learning into many of its investing and value creation efforts. In this episode, she discusses how data analytics can be used to identify investment themes and talks more broadly about "the new consumer" and the investment implications from the disruption in the renting and sharing economies.
Is There an Alternative to Equities?
January 29, 2020 11:00 - 15 minutes - 14.5 MBEpisode #397. Have Central Banks exhausted their ability to engender growth? Is there an alternative to equities? Will there be a US-China trade deal? In this episode, Jason DeSena Trennert, chairman and chief executive officer of Strategas Research Partners and one of Wall Street’s thought leaders on the subject of markets and economic policy, discusses these questions and much more.
Is There an Alternative to Equities?
January 29, 2020 11:00 - 15 minutes - 14.5 MBEpisode #397. Have Central Banks exhausted their ability to engender growth? Is there an alternative to equities? Will there be a US-China trade deal? In this episode, Jason DeSena Trennert, chairman and chief executive officer of Strategas Research Partners and one of Wall Street’s thought leaders on the subject of markets and economic policy, discusses these questions and much more.
Nouriel Roubini on What Could Trigger the Next Global Recession
January 22, 2020 11:00 - 20 minutes - 19 MBEpisode #396. Nouriel Roubini, sometimes known as “Dr. Doom" for his gloomy predictions, lays out four "games of chicken" that could crash the global economy and markets: US-China trade war, the US-Iran conflict, Brexit implications, and Argentina. He also shares his views on the US presidential elections in 2020 and why crypto is a "scam" and bitcoin "the most over-hyped technology ever."
Aswath Damodaran on Valuing the Disruptors and Disrupted
January 15, 2020 11:00 - 13 minutes - 12.6 MBEpisode #395. We live in disruptive times. But as valuation expert Aswath Damodaran often says, disruption is easy, but making money from disruption is hard. In this episode, the author of five books on valuation discusses the "disruption dilemma," shares his advice for investors trying to value the disruptors, and gives viewers and listeners a preview of what attendees can expect from an extended session on valuation that he will be teaching at the 73rd CFA Institute Annual Conference in At...
Finding Value in the Global Bond Markets
January 08, 2020 11:00 - 8 minutes - 8.05 MBEpisode #394. There is no shortage of negative headlines, but Lucy Johns, CFA, a vice president at Dodge & Cox, is optimistic about global bonds. In this Take 15 episode, she explains why she believes investors can find real positive yield and have an edge through security selection, being benchmark agnostic, and managing currency exposure.
Hans Humes Discusses Investing in Emerging Market Debt
January 02, 2020 11:00 - 12 minutes - 11.4 MBIn episode #393, Hans Humes, founding partner, CEO, and chief investment officer of Greylock Capital, has deep experience investing in distressed debt in emerging markets. In this episode (recorded in mid-October 2019), he discusses the outlook for Argentina, factors that are different about investing in emerging markets that investors should be aware of, and his top pick for a long-term investment.
Developing and Demonstrating Leadership Presence
December 26, 2019 11:00 - 10 minutes - 9.48 MBIn episode #392, executive coach and leadership development specialist, Christiane St-Amour, discusses the concept of leadership presence, why it's important no matter one's role, how it changes over the course of one's career, and the linkage with emotional intelligence.
Why Micro-Resilience Is the Meta-Skill of the Future
December 18, 2019 11:00 - 16 minutes - 14.9 MBIn episode #391, Best-selling author and Paralympic athlete Bonnie St. John shares the story behind becoming the first African American athlete to win medals in Winter Olympics competition and key takeaways from two of her books, Micro-Resilience and How Great Women Lead.