Press "Enter" to skip to content

Category: Podcasts

Season 2, Episode 27: The ‘Weird Portfolio’ With Value Stock Geek

Adding gold and real estate exposure to the traditional portfolio construction mix.

Value Stock Geek, well known on the Twittersphere as @ValueStockGeek, joins the podcast to discuss his concept of the “weird portfolio.”

This portfolio allocates to gold and real estate as well as stocks and Treasuries.

The guest also revisits his prediction from his first visit to the podcast last year, when he said retail stocks were undervalued.

The paper explaining this concept in more detail can be read in its entirety here.

 

Leave a Comment

Season 2, Episode 26: John Kay on Radical Uncertainty

COVID-19 and the pendelum of probabilistic reasoning

University of Oxford economist John Kay joins the podcast to discuss his recent book, “Radical Uncertainty” and its lessons for financial markets in the age of COVID-19.

Content:

  • The premise for the book: Frank Knight, Milton Friedman and the pendelum of probabilistic reasoning (1:20);
  • It is “almost impossible to overstate” the influence of efficient market reasoning on economic and financial market models (4:02);
  • Radical uncertainty: There is a great deal of information that cannot be realistically thought about probabilistically. Enter COVID-19 (8:20);
  • What’s an investor to do with this information? (10:15);
  • Financial modeling has conflated risk, uncertainty, and volatility. They aren’t the same thing (12:53);
  • Time horizons and the importance of imagination. Humans are natural story tellers. This is more important than pure maths (20:24);
  • Where does real estate fit? (25:25);
  • Background on the guest (30:28);
  • What is the market getting wrong right now? (34:37);
  • Short discussion of the U.S. election (41:04).
Leave a Comment

Season 2, Episode 25: Pulling Back the Curtain on Emerging Markets Distressed Debt

With Genna Lozovsky, Sandglass Capital Management

Genna Lozovsky of Sandglass Capital Management joins the podcast to discuss investing in emerging markets distressed debt and credit.

Sandglass Capital invests in sovereign and corporate credit across global EM, typically seeking to be a liquidity provider “at prices that we think significantly underestimate the recovery potential of those assets.”

Leave a Comment