The Black Swans Podcast

Live from the ETF Exchange Conference at the Fontainebleau Miami Beach Joy Yang discusses her journey from Chinese immigrant to a sought after quantitative research analyst. Joy walks us through how John Bogle's little idea of index investing became a multi-trillion dollar business & why indexing is more than passive exposure to the S&P 500. Joy Yang is Global Head of Index Product Management at MV Index Solutions (MVIS). She is responsible for managing MVIS products and services to accelerate innovation in financial index design and adoption. Joy brings more than 25 years of investment experience, having led teams delivering index and quantitative active investment solutions at Arabesque Asset Management, Dimensional Fund Advisors, Vanguard, Aberdeen Standard Investments, AXA Rosenberg and Blackrock. Joy has an MBA from the University of Chicago Booth School of Business, and a BS in Electrical Engineering from Cooper Union's Albert Nerken School of Engineering.

Shortly after first discovering her passion for day trading, Frances Newton Stacy was among the few to predict and trade the 2007 stock market crash. Today, she regularly appears on Fox Business News and CNBC and is the Director of Portfolio Strategy at Optimal Capital. On this episode, hear the finance wonk discuss her work bringing an institutional model to retail traders, modern portfolio theory, staying “apolitical,” how markets are gauging inflation in the coming months, and much more. Frances started her broadcasting career appearing weekly on the Gerry V show on the Rush Radio Network from 2008-2010.  There she gained wide appeal and honed her skills for being able to explain a very complex subject matter in simple terms. She then began appearing on the local Fox 5 in Las Vegas. From there in 2010 Frances branched out to appearing regularly on Fox Business News. She has also appeared on CNBC.  Frances grew up in Colorado, where she attended the University of Denver. She discovered her passion for technical analysis and trading various markets in 2007. She has blogged for traders to help them see key cycles and key numbers of support and resistance. She has also spoken on the subject and taught a number of private trading students.  Frances perfectly predicted on the stock market crash, which began in October 2007 and is amongst the very few who successfully traded the downturn. She got out of stocks a month before the all time high and simultaneously got into the historic gold trade. Frances also called the market bottom on the Gerry V show in March of 2009 when she warned his audience that the market would go up for a while.  Wanting to be able to predict and time the next credit crisis has become Frances' passion of study. On this journey she studied the banking and credit systems in depth. Frances discovered what has to be present in order to have a credit crisis. She also enjoyed studying the underlying algorithm of our banking system, which has an undeniable mathematical structure that regardless of the market swings is always present and has predictable implications.   

While Dr. Nicole Boyson didn't come from a family of academics, she found an interest in studying investments and corporate finance, which led her to become a professor of finance at  Northeastern University. On this episode, hear Dr. Boyson discuss “hedge fund activism” - a relevant academic interest on which she has extensive knowledge - and what it means to teach students about an industry undergoing several paradigm shifts at once, from cryptocurrency to retail trading. Professor Boyson's research and teaching interests fall in the area of investments and corporate finance, with a focus on regulatory arbitrage, hedge fund management, and hedge fund activism. Prior to joining the D'Amore-McKim faculty in 2004, Professor Boyson was an Assistant Professor at Purdue University. Prior to joining Purdue, Professor Boyson was a manager for Ernst & Young, the VP of Investments for Pension Consulting Services, an analyst for Third Federal Savings and Loan, and a senior accounting at KPMG Peat Marwick. A Certified Public Accountant, Professor Boyson has served on: the Editorial Board of the Financial Analysts Journal, the board of the Midwest Finance Association, and has been a member of numerous program committees of professional organizations. She acts as an ad-hoc referee for journals including The Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and The Journal of Financial and Quantitative Analysis.

Not only is Velera Wilson a strategic driver for top brands worldwide and the founder of Positive Identity, a company inspires and equips women to own their greatness; she's also the author of a new book, “You're Absolutely Worth It”, which continues her mission of teaching women to succeed without hesitation. On this episode, hear the global speaker discuss writing the book and the experiences that created it, as well as its many themes: taking risks, mentorship, faith, overcoming failure, and more. After listening, make sure to purchase the book for yourself on her website! Confidence, self-worth, imposter syndrome, women in leadership. Velera Wilson is a global speaker, author, and consultant that unravels and addresses these topics head-on with inspirational and transformative messages for ambitious women. Having led marketing strategy and driving revenue for Fortune 100 and 500 brands for almost twenty years, Velera is recognized as a female leader in the tech industry, being selected in 2019 as the U.S. Ambassador for Money 20/20 Rise Up, a global accelerator program for women, and in 2020 named to the Fiserv Leading Women cohort. From her acclaimed book, “You're Absolutely Worth It," to being a contributing writer for Thrive Global on women's issues, to publishing guides including “Six Steps to Negotiate the Salary You Deserve Without Letting Fear Override,” Velera leverages her insight to challenge and inspire women to own their voice to thrive. Follow Velera on Twitter @VeleraWilson https://www.velerawilson.com/ Buy “You're Absolutely Worth It”

Beginning the new season of The Black Swans podcast is Megan Gorman, who breaks down the latest tax proposals in Biden's American Jobs Plan and American Families Plan, which cover child tax credits, capital gains rates, and more. Gorman found her passion for taxes after leaving her small hometown in New Jersey for college; today, she's a founder and managing partner of Chequers Financial Management in San Francisco, with clientele ranging from entrepreneurs to those with inherited family wealth. Hear her also explain the ins and outs of a career in estate planning in this episode.  Megan Gorman is the founder and managing partner of Chequers Financial Management, a female owned high net worth tax and financial planning firm in San Francisco, California. Megan's clientele ranges from entrepreneurs to corporate executives to inherited family wealth. An attorney by training, she is passionate about the problem-solving required to work in the world of complex financial planning. Megan spent the first part of her career as a Vice-President at Ayco, A Goldman Sachs Company and BNY Mellon Wealth Management. She has a B.A. in History from Bryn Mawr College and a JD from Rutgers School of Law. She is a Senior Contributor at Forbes and writes on personal finance and income tax. She is frequently quoted across prominent financial media outlets, including The Wall Street Journal, The Washington Post, CNBC and US News. Megan also speaks on topics including taxes, retirement and estate planning. Her recent engagements include Schwab Impact, Tory Burch Foundation, Chief and Better Place Forests. She can be heard weekly on the panel of the Money Tree Investing Podcast discussing trending topics in the investment world. She is also appearing regularly on WealthManagement.com's Celebrity Estates: Wills of the Rich and Famous Podcast where recent episodes include discussions on the estate plans of Tom Petty, Prince and Luke Perry. Megan is currently serving on the Rutgers Law School Alumni Board and on the Board of Trustees for the National Endowment for Financial Education (NEFE). She is an adjunct professor of law at Golden Gate School of Law. Connect with Megan on Twitter @megan_e_gorman  https://www.thewealthintersection.com/

Dominique Mielle is a former partner and senior portfolio manager at hedge fund Canyon Capital, is currently a full-time corporate board director, and ws named as Ernst & Young's 2017 "Top 50 Women in Hedge Funds." In this episode, Mielle discusses changes in the financial industry, retail investing and the ongoing GameStop phenomenon, and her forthcoming book, Damsel in Distressed. Also, the experienced investor talks about women in the industry, arguing that women shouldn't be ashamed to aspire toward wealth and success and should also enter the investment side for the fun of it.  Dominique Mielle is a Wall Street veteran with a comprehensive knowledge of corporate finance, capital markets, and the bankruptcy process.  She was a partner and senior portfolio manager at Canyon Capital, a $25 billion hedge fund, where she worked from 1998 to 2018. In 2017, she was named one of the “Top 50 Women in Hedge Funds” by the Hedge Fund Journal and E&Y.  After retiring in 2018 she started writing. Her book, Damsel in Distressed: My life in the golden age of hedge funds, will be released in August 2021. It is a humorous account of her career as a female investor in the male-dominated investment world. She is a Forbes contributor on hedge funds, distressed investing and women in finance. Her column is meant for both dilettantes and practitioners, with a loosely-inspired Sex and The City tone. One of the only senior women in the hedge fund business, she played key roles in complicated bankruptcies, serving as a leading creditors' committee member for Puerto Rico, and as a restructuring committee member for U.S. airlines in the wake of the September 11 attacks. She was a director of the board and the audit committee chair for PG&E during its fifteen-month bankruptcy process and emergence, and now serves on several corporate boards: Digicel Group, Anworth, Tiptree and Studio City.  Follow Dominique on Twitter: @DominiqueMielle Damsel in Distressed Pre-Order    

Julia Carreon is a strategic adviser whose specialty is in Gen Z, Wealth Tech & Digital Transformation. Her relentless focus on execution has served her and her teams well. She has led 400+ person teams at a Fortune 50 company where she was responsible for everything from strategy to launch of end-to-end digital initiatives for clients and employees. Her team was among the first to launch a mobile app for financial advisors to use with clients while out of the office. She co-authored the Future of Advice strategy, which predicted many aspects of the current digital-advice/hybrid model that is now ubiquitous. More recently she authored the concept of #GenZDisruption, which outlines why the impending turnover of generations will accelerate disruption in all sectors. Prior to financial services, Julia worked at an early social media site for CIOs that was a division of Cambridge Technology Partners. Julia started her career as a journalist. She is an ardent supporter of women, serving as the Executive Director of the Women's Team Member Network for Central Texas. She also has a passion for next-generation talent. Her blog is followed by executives in Canada, the U.S. and U.K. and her three #GenZ-aged boys are an inspiration for her writing on the explosive growth of Esports, which she believes will change consumer behavior for all sectors.

Have you ever thought about how your personal history, ancestry, and environment plays a role in your money habits? People rarely connect their personal history with their health, wealth, relationships, and career. Eugenie George is a financial wellness specialist and educator and this is her specialty! Eugenie attributes her success in personal finance from creating an unorthodox way of viewing money. From paying off student loans to navigating her family financial situation, she understands the old method of wealth building doesn't work for Women of Color. Her book OUR MONEY STORIES, published in 2020, not only shares her own personal story but teaches you how to build a financial wellness plan through weekly money practices and strategies for understanding your money story. Eugenie's Website

Morgen Rochard is a fee-only CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst and Registered Life Planner. Prior to founding Origin Wealth Advisers LLC in 2014, Rochard managed portfolios at UBS Financial Services for high net worth investors. She also worked at Merrill Lynch providing financial analysis for a large private wealth team. She started her career in finance, trading for Trinity Derivatives Group as an equity options market maker. Rochard also runs a podcast, called Money Owners Podcast, which focuses on mindset around money. Rochard recently published the Personal Finance QuickStart Guide, to help more Americans create their own financial plans and change how they think about money.  Book Recommendation: The Bitcoin Standard   Book Recommendation: Why Buy Bitcoin Morgen's Recent Podcast on Bitcoin CFA Institute Brief: Guide to Cryptoassets

Dr. Carrie Mantha returns to the podcast to help us separate fact from fiction on all things CoVID-19.  Dr. Carrie Mantha is the managing director of Aporia Capital, a Nordic focused life science venture fund based in Oslo, Norway. She is an experienced investor, serial entrepreneur, and trusted advisor with a passion for bringing paradigm-changing technologies to life. A scientist by education and physician by training, Dr. Mantha previously lead public and private market healthcare investments for the Galleon Group, a $14 billion global asset manager. Over the course of her career, she has directed billions of dollars of investment capital into cutting-edge biotechnology and medical device companies. Dr. Mantha first began leading efforts to modernize medicine and improve health care through technology as a youngest ever member of the Board of Governors of Florida's state medical association, where she piloted initiatives using data analytics and innovative frameworks to help the state's highest need patients.  After earning an MBA and working on Wall Street, she built and launched tech companies focused on optimizing operational efficiency and non-invasive continuous data capture. Dr. Mantha's strategic vision and experience in therapeutic development led her to become an advisor to life science companies, investors, and healthcare organizations around the world.  Translating a background in drug development, data science, and operational strategy across industries, she now advises and invests in early stage companies across the life science and technology spectrum.

Shelly Porges is Co-Founder and Managing Partner of The Billion Dollar Fund for Women and Beyond the Billion. She is also a Board Member of the Financial Alliance for Women and on the Advisory Board for Cornerstone Capital, Mindshift Capital, Different Funds and Global Invest Her. Ms. Porges also served as President of the North American Jury for Cartier Women's Initiative for over a decade and as the former Senior Advisor, Global Entrepreneurship Program (GEP) at the U.S. State Department, a program she expanded to almost 150 countries, under Secretary Hillary Clinton. Before joining the State Department, she had a distinguished career in the private sector, including both corporate and entrepreneurial ventures. She served as executive head of marketing for American Express Canada and as chief marketing officer for Bank of America during a historic turn-around. Ms. Porges co-founded six ventures including Porges/Hudson Marketing; Scudder Weisel Capital LLC, a joint venture between Thomas Weisel Partners and Zurich Scudder Investments; and Global Payments Experts LLC, a payments industry advisory firm. Ms. Porges holds both a BS with Honors and MPS degree from Cornell University.  https://beyondthebillion.com/

Vanessa Wieliczko is the Director of Investments for HoyleCohen Wealth Management, overseeing $2.5 billion in AUM, and serving in the leadership of an RIA with 49 employees, and offices in San Diego, Santa Monica, Sacramento & Phoenix. She leads the firm's Investment Committee, helping to define future growth and development of investment management strategies. Under Vanessa's leadership, the firm has developed a robust investment platform that offers both traditional investment approaches along with a host of alternative strategies designed to offer substantial but secure income, better downside protection and enhanced opportunity for growth. Driven in pursuit of excellence, Vanessa holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and Certified Financial Planner™ (CFP®) designations. She has a Bachelor's Degree in Business Management from Boston University's School of Management with a concentration in International Finance. She's currently serving her second term as President of the CFA Society San Diego, a group of approximately 550 financial professionals.

Liz Simmie is the co-founder of Honeytree Investment Management, an asset management firm focused on responsible growth, based in Toronto. Together with the team she manages Honeytree's concentrated active investment strategies for institutional and private clients.  Honeytree believes what is traditionally seen as ‘ESG' data is just as important to assessing a company's long term growth and risk as traditional fundamental data – and we integrate them both equally in our investment process.  We are proud to be one of the handful of female led responsible asset management firms globally leading the conversation.  Prior to founding Honeytree she worked at Bristol Gate Capital Partners a leading active management firm, and before that she worked in quantitative market research for Ipsos. Liz has BA in Economics and History. Connect with Liz Honeytree Investment Management  Twitter LinkedIn

Joy Lere is a licensed clinical psychologist and consultant who practices where Freud meets finance.  She has previously served as an Associate Clinical Professor in Clinical Psychology at George Washington University and has held research and clinical positions with Penn Medicine Princeton Health, the Department of Defense, and Children's National Medical Center.  links:  website:  www.joylere.com Freud + Finance Substack publication: www.joylere.substack.com Twitter:  @joylerepsyd IG:  @joylerepsyd LI:  https://www.linkedin.com/in/joy-lere-psy-d/ email: drlere@joylere.com 

After a decade of working with financial advisors and institutions on practice management, Penny launched Thrivos Consulting with a vision of building a firm that would transcend the traditional norms of industry consulting. Founded on the belief that in order to thrive one must successfully navigate change, Thrivos offers services designed to support professionals and institutions as they learn to turn industry challenges into opportunities. With a keen ability to connect with professionals across varying demographics, Penny has had success working with clients ranging from top independent advisors seeking support around building a multi-gen team to multi-billion dollar enterprises looking to explore scale and growth opportunities. Penny has worked with countless advisory teams and broker dealers on issues ranging from the integration of next generation talent to succession planning to communication and behavior management. She previously ran a national business-building workshop series for financial advisors. She has authored multiple practice management programs, and has been featured as a keynote speaker at conferences and events for the following firms LPL, Investors Group, Guardian Life, Morgan Stanley, MassMutual, Northwestern Mutual, Prudential, New York Life, Signature Financial Solutions, Flexible Plan Investments, RBC, and Platinum Advisor Strategies.

A scientist by education and physician by training, Dr. Mantha spent many years on Wall Street, leading healthcare investments for the Galleon Group, one of the largest and most influential asset managers in the US.  Over the course of her career, she directed more than two billion dollars of investment capital into cutting-edge biotechnology and medical device companies, helping to bring several life-saving therapies to patients.  Dr. Mantha first began leading efforts to modernize medicine and improve health care through technology as the youngest ever member of the Board of Governors of Florida's state medical association, where she piloted initiatives using data analytics and innovative frameworks to help the state's highest need patients.  After earning an MBA and working on Wall Street, she built and launched tech companies focused on optimizing operational efficiency and non-invasive continuous data capture.  Dr. Mantha's strategic vision and experience across all stages of therapeutic development led her to become a sought-after advisor to life science companies and investors, both in the US and abroad.  Translating an expertise in drug development, data science, and operational strategy across industries, she now advises and invests in early and late stage companies across the life science and technology spectrum. 

Perth Tolle is the founder of Life + Liberty Indexes. Prior to forming Life + Liberty Indexes, Perth was a private wealth advisor at Fidelity Investments in CA and TX. Prior to Fidelity, Perth lived and worked in Beijing and Hong Kong, where her observations led her to explore the relationship between freedom and markets. Through her China experience she gained a high level of conviction regarding the impact of sound governance, individual freedoms, and rule of law on economic growth and innovation. Perth is a frequent speaker at investment industry events and provides commentary to various financial media. She is a member of Women in ETFs. Perth was selected as one of the 10 to Watch in 2020 by Wealth Management Magazine for her work on freedom investing.