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3 episodes with institutional asset management
2 episodes with institutional asset management
2 episodes with institutional asset management
2 episodes with institutional asset management
Un grande ospite per l'appuntamento #200 di The Bull: Ben Carlson, Director of Institutional Asset Management presso RWM e una delle voci più note e autorevoli nel panorama della finanza personale negli Stati Uniti. Con Ben abbiamo parlato del buon senso alla base dell'investimento, di diversificazione, di fattori, del senso ultimo del denaro e altro ancora. =============================================== Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB Investi con Scalable in azioni e ETF a prezzi imbattibili. Naviga in totale sicurezza con NordVPN. Turtleneck: l'Assicurazione sulla Vita semplice e conveniente Migliaia di audiolibri riassunti in 15 minuti con 4Books. I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices
A great guest for episode #200 of The Bull: Ben Carlson, Director of Institutional Asset Management at RWM and one of the most well-known and respected voices in personal finance in the United States. With Ben, we discussed the common-sense principles of investing, diversification, factors, the ultimate purpose of money, and much more. =============================================== Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB Investi con Scalable in azioni e ETF a prezzi imbattibili. Naviga in totale sicurezza con NordVPN. Turtleneck: l'Assicurazione sulla Vita semplice e conveniente Migliaia di audiolibri riassunti in 15 minuti con 4Books. I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome back to the Alt Goes Mainstream podcast.Today's show features a guest who brings a wealth of common sense to wealth management and asset allocation.We talk with Ben Carlson, the Director of Institutional Asset Management at Ritholtz Wealth Management, a $5B AUM wealth management firm. He's managed institutional portfolios for his entire career. He started out with an institutional investment consulting firm, where he deployed portfolio strategies and created investment plans for foundations, endowments, pensions, hospitals, insurance companies, and HNW individuals. More recently, he was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization.Ben is a student of markets and asset allocation, which is clear from the knowledge he shares daily and weekly with his blog, A Wealth of Common Sense, and his podcast Animal Spirits with Michael Batnick and Ben Carlson. He's also authored four books about saving, investing, and money. He was named to the Investment News 40 Under 40 list of top financial advisors in 2017.Ben and I had a fascinating conversation about the adoption of alternatives in the wealth channel and the whys and hows of asset allocation. We discussed:Why asset allocation is the most important aspect of an investment plan.The question of whether or not investors now have too much choice?Why Ben documents every investment decision he makes.The benefits of private markets and the pitfalls of private markets.His biggest lesson learned in investing.Why crypto has helped younger investors become more comfortable with volatility (for better or worse).The future of wealth management and what won't change about the advisor / client relationship.The power of content creation and how it helps him approach investing.Thanks Ben for coming on the show to share your wisdom and experience in investing and asset allocation. We hope you enjoy.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Sponsor: Introduction to Ultimus Fund Solutions01:56 Meet Ben Carlson: Wealth Management Expert02:17 Ben Carlson's Career Journey02:55 Insights on Asset Allocation03:11 The Importance of Documenting Investment Decisions03:14 Private Markets: Benefits and Pitfalls04:34 Early Career Lessons04:58 Asset Allocation Strategies06:06 Navigating Investment Choices07:10 The Complexity of Investment Strategies09:46 Institutional vs. Wealth Management10:19 Communication in Institutional Investing12:35 The 60/40 Portfolio Debate23:20 Advisors and Alternatives27:17 Thresholds for Investing27:48 Differentiating Through Culture28:41 Defining and Evaluating Culture29:20 Transparency and Client Relationships29:57 Partnering with the Right Clients30:19 Qualitative Manager Selection31:53 Content Creation and Transparency34:22 Building a Brand from Scratch37:49 Advice for Young Advisors39:31 Compounding in Private Markets40:06 Behavioral Benefits of Private Markets41:17 Excitement in Private Markets41:56 Evolving Fund Structures42:28 Defining Alternatives43:48 Younger Investors and Volatility46:55 Future of Wealth Management47:53 Private Equity in Wealth Management48:58 Favorite Alternative Investments51:44 Conclusion and Final Thoughts
For episode 434, Director of Strategy Anne Winston joins Brandon Zemp to discuss Wave Digital Assets. Wave Digital Assets is an institutional-grade asset management firm specializing in the cryptocurrency and blockchain sectors. The company offers a range of services, including active portfolio management, structured products, and advisory services for digital assets. By leveraging a combination of traditional financial expertise and cutting-edge blockchain technology, Wave Digital Assets aims to provide clients with strategic investment solutions in the fast-evolving digital economy. They focus on delivering secure, compliant, and innovative opportunities for institutional investors. ⏳ Timestamps: 0:00 | Introduction 0:30 | Who is Anne Winston? 3:14 | What is Wave Digital Assets? 4:16 | Criteria for clients 5:37 | Permissionless 2024 6:36 | Wave website & social media 7:23 | Anne interviews me 9:19 | Blockchain & Healthcare
In this episode of Excess Returns, we sit down with Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth and author of the popular investing blog "A Wealth of Common Sense." We discussed his insightful article "15 Ways to Lose Money in the Markets," which outlines major mistakes investors make and how to avoid them. We explore a variety of topics, including: - The dangers of market timing and why it's so difficult to get right - Why investors shouldn't blindly follow advice from billionaires or pundits - The importance of not overreacting to short-term market volatility - How to approach active vs. passive investing strategies - The pitfalls of trying to get rich overnight and the value of long-term investing - Why it's crucial to avoid selling during bear markets - The risks of being overly pessimistic about markets and the economy Ben provided valuable insights on each of these topics, emphasizing the importance of having a long-term perspective, avoiding big mistakes, and sticking to a well-thought-out investment plan. This conversation offers valuable lessons for investors at all levels, from beginners to seasoned professionals. SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT VALIDEA https://www.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
#191: Grow your wealth and build a resilient portfolio by making smarter decisions with these 11 investing lessons. Financial advisor Ben Carlson and I share actionable insights on managing risk, overcoming psychological barriers in investing, and the power of simplicity and diversification to ensure long-term, fulfilling financial success. Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management and the author of four books on investing and personal finance. He runs the popular blog A Wealth of Common Sense, where he shares insights on financial markets and investing strategies. Ben also co-hosts Animal Spirits, one of my favorite podcasts. Link to Full Show Notes: https://chrishutchins.com/ben-carlson-money-lessons Resources Mentioned Ben Carlson: Website | Animal Spirits Podcast | X 20 Lessons From 20 Years of Managing Money My All-Time High in Savings You Probably Need Less Money Than You Think For Retirement Wealthfront Risk Parity Fund | What is Risk Parity? JP Morgan: S&P 500 Market Concentration Chart Fractional Vacation Homes: Pacaso Paula Pant's Podcast: Afford Anything Safe Withdrawals: Free DIY Withdrawal Rate Toolbox | Safe Withdrawal Rate Series Study: Spending Habits of Retirees ATH Podcast Ep #41: Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson Ep #59: Save Money, Build Wealth and Just Keep Buying with Nick Maggiulli Ep #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins Ep #117: Navigating a High Rate Market: Buying a Home, Preparing for a Recession and Where to Put Cash with Ben Carlson Ep #168: Building an Investment Portfolio to Grow and Protect Your Wealth with Chris Doyl Ep #180: Stocks vs. Real Estate: What's the Best Investment to Build Wealth? Ep #186: 25 Money Rules (and When to Break Them) with Brian Feroldi Ep #189: Beyond the 4% Rule: Smarter Strategies for Financial Independence with Karsten Jeske Join our Newsletter Follow & Review on Apple Podcasts Email us for questions, tips, deals and feedback Full Show Notes (00:00) Introduction (02:30) Experience in Investing Is Not the Same as Expertise (03:24) Intelligence Doesn't Guarantee Investment Success (05:42) No One Lives Life in the Long Term (07:32) Experiences Shape Your Perception of Risk (10:12) The Biggest Risks Are Always the Same yet Different (13:29) Optimism Should Be Your Default (20:03) There Is No Such Thing as a Perfect Portfolio (22:31) Overthinking Can Be Just as Debilitating as Not Thinking at All (24:30) How to Think About a Simple Portfolio with International Exposure (26:17) Less Is More (30:17) Ways to Reduce Overthinking (32:02) Tax Loss Harvesting vs. Direct Indexing (39:02) Why Ben Wrote a Post on 20 Money Lessons (40:11) Lesson #10: There Is a Big Difference Between Rich and Wealthy (43:37) The Reason Ben and Chris Invested in Holiday Homes (48:27) What's a Reasonable Amount to Save? (51:29) You Probably Need Less Money Than You Think for Retirement (56:47) The Final Biggest Takeaway Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
How can individual investors learn to navigate all the resources and information available? Is real estate still a worthwhile investment in a volatile market? What role can social media play in informing your investment choices? This episode, we'll hear from Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management. Author of four books and the blog A Wealth of Common Sense, Ben Carlson has a gift for whittling down market complexities into simple solutions. He and Liz discuss the importance of not getting swept up in market fads, establishing a set of rules for your portfolio, and what it looks like to weather market extremes. For more, read Liz's column every Thursday at On The Money by SoFi, sign up for the SoFi Daily Newsletter, and follow Liz on Twitter @LizThomasStrat. Notable mentions in the episode: (02:58) The market's problems are complex, but the answers can be simple (07:32) Investor psychology - how can individual investors manage their emotions? (15:50) Reliable resources for individual investors (20:50) One of the most common mistakes individual investors make (23:19) The status of real estate investing (31:09) How to weather a bear market storm (34:41) Liz' takeaways from the interview Recommended reading: How to Trade ETFs: A Guide for Retail Investors 10 Tips for Investing Long Term Investing for beginners: Considerations and Ways to Get Started Additional resources: The SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts. The SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day. Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we've created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more. Wealth Investing Guide: The information you need to know to make your money work harder for you. This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal. ©2024 Social Finance, Inc. All Rights Reserved.
How can individual investors learn to navigate all the resources and information available? Is real estate still a worthwhile investment in a volatile market? What role can social media play in informing your investment choices? This episode, we'll hear from Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management. Author of four books and the blog A Wealth of Common Sense, Ben Carlson has a gift for whittling down market complexities into simple solutions. He and Liz discuss the importance of not getting swept up in market fads, establishing a set of rules for your portfolio, and what it looks like to weather market extremes. For more, read Liz's column every Thursday on SoFi's website, sign up for the SoFi Daily newsletter, and follow Liz on Twitter @LizYoungStrat. Notable mentions in episode: (00:00) - Introduction (03:20) - The market's problems are complex, but the answers can be simple (08:39) - Investor psychology - how can individual investors manage their emotions? (16:29) - Reliable resources for individual investors (21:14) - One of the most common mistakes individual investors make (24:04) - The status of real estate investing (32:21) - How to weather a bear market storm (36:16) - Liz' takeaways from the interview Additional resources: The SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts. The SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day. Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we've created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more. Wealth Investing Guide: The information you need to know to make your money work harder for you. Recommended reading: -How to Trade ETFs: A Guide for Retail Investors -10 Tips for Investing Long Term -Investing for beginners: Considerations and Ways to Get Started
Episode Notes Bruce and Jeff talk to Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, about going 100% equities in portfolios, dealing with the risk averse versus the non-risk averse, and answering the big recession questions. Guest Bio: Ben Carlson CFA serves as the Director of Institutional Asset Management at Ritholtz Wealth Management. Mr. Carlson is responsible for working directly with institutional investors and developing portfolio solutions that address their needs, as well as leveraging and contributing to the firm's internal research program. Prior to this, he was a part of the investment team that managed the endowment fund for the Van Andel Institute. Mr. Carlson previously worked for an institutional investment consulting firm managing portfolios for various endowments, foundations and pension plans. He is the author of the books A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan and Organizational Alpha: How to Add Value in Institutional Asset Management. In 2017, he was named to the InvestmentNews 40 Under 40 list of top financial advisors. Mr. Carlson is a CFA charterholder. He earned an MBA from Grand Valley State University and a Bachelor's Degree in Business Management from Hope College. As a wealth management partner, LPL Financial helps advisors, enterprises, and institutions serve their clients.
Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management, joins the show to discuss how understanding the history and cyclical nature of the financial markets can help you be a better investor, why the counterintuitive strategy of sitting on your hands and doing nothing can improve investment decisions and minimize mistakes, big tech's dominance, and disconnecting the definition of wealth from money. Hosted by Morgan Housel and Doug Boneparth. Public.com allows you to invest in stocks, crypto, and alternative assets. Get started by signing up at Public.com with code PODCAST. Public Lives are designed to help you be a better investor through access to context, information, execs, and analysts. This content is for informational purposes only and is not investment advice. Open To The Public Investing is member of FINRA and SIPC. See Public.com/disclosures for more information. Brokerage services for US-listed, registered securities available on Public are offered by Open to the Public Investing, Inc. (OTTP), member FINRA & SIPC. Brokerage services for securities issued pursuant to Regulation A of the Securities Act of 1933 are offered through Dalmore Group, LLC (Dalmore), member FINRA & SIPC. OTTP and Dalmore are not affiliated entities. Alternative assets are self-custodied and are not covered by SIPC. Alternative assets are speculative, involve substantial risks (including illiquidity and loss of principal). The issuers of these assets may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell these securities. Cryptocurrency trading provided by Apex Crypto LLC (NMLS ID 1828849). Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Investment services and the Brokerage Accounts for treasury securities are offered by Jiko Securities, Inc. (“JSI”) member FINRA and SIPC. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. Banking services and the Bank Account are provided by Jiko Bank, a division of Mid-Central National Bank, Member FDIC.
Beyond Buildings – der Podcast für die Immobilienwelt im Wandel
Es sind nun bereits ein paar Jahre ins Land gegangen, seitdem die Taxonomie- und Offenlegungsverordnung in Kraft getreten ist. Damit verbunden waren in den letzten Jahren unzählige Diskussionen, Artikel und Interviews, die alle mehr oder weniger um die Frage kreisten, wie ESG-Kriterien umgesetzt werden können. Wir haben uns nun gefragt: Wie sieht es eigentlich mit konkreten ESG-Maßnahmen in der Praxis aus? Wie haben sich Nutzeranforderungen geändert und gibt es in diesem Zusammenhang Best Practices, von denen sich konkrete Maßnahmen ableiten lassen? In einem Gespräch mit Hermann Horster, unserem Head of Sustainability, und Philipp Enenkel, Head of Institutional Asset Management bei BNP Paribas Real Estate Investment Management, gehen wir diesen Fragen auf den Grund. Sie haben Fragen an oder Anregungen für neue Podcast-Themen? Dann melden Sie sich gerne unter kontakt.realestate@bnpparibas.com! Wir freuen uns über Ihr Feedback.
#117: Author and financial advisor Ben Carlson joins Chris to share insights on the current state of the market. They discuss the impact of aggressive Fed rate hikes and the unintended consequences, including the debt ceiling and regional bank collapses. Ben also shares his expertise on where to park cash, comparing I bonds, high-yield savings, short-term Treasury ETFs. Finally they offer strategies for buying a home and lowering mortgage payments in this high-rate environment. Ben Carlson (@awealthofcs) is a prominent figure in the financial world, recognized for his popular blog A Wealth of Common Sense that covers a wide range of financial subjects. He is an accomplished author of four books and the Director of Institutional Asset Management at Ritholtz Wealth Management, where he helps individuals and institutions navigate the complexities of investing and personal finance. He's also the host of one of my favorite podcast's Animal Spirits. Link to Full Show Notes: https://allthehacks.com/market-update-ben-carlson Partner Deals Eight Sleep: $150 off the Eight Sleep Pod to cool, heat, track, & sleep better DeleteMe: 20% off removing your personal info from the web StoryWorth: Share your family stories in a custom book (+ $10 off) Masterworks: VIP access to skip the waitlist Cold Plunge: $150 off The Ultimate Cold Plunge Ice Bath Resources Mentioned Ben Carlson: A Wealth of Common Sense | Animal Spirits Podcast | Twitter Ben's Books: A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan Everything You Need to Know About Saving For Retirement Don't Fall For It: A Short History of Financial Scams Organizational Alpha: How to Add Value in Institutional Asset Management Finance Apps Quartr YCharts Yahoo Finance Koyfin Portfolio Visualizer ATH #42: Beating Inflation, Alternative Assets, and Simplifying Your Finances ATH #91: Die With Zero: Net Fulfillment Over Net Worth Historical Fed Funds Rates JP Morgan Study: The Agony & the Ecstasy 3.0 Treasury Direct: I bonds BiggerPockets Real Estate Podcast Tesla Auto Loan Spreadsheet Full Show Notes (02:26) The Current State Of The Markets (03:41) Reason Behind Aggressive (Unprecedented) Fed Rate Hikes (05:23) Unintended Consequences: Debt Ceiling and Regional Bank Collapses (06:54) Chris's Experience With SVB (10:03) Next Steps For Average Investors (11:13) Ben's Advice To Clients (14:10) Preparing Personal Finances For Recession (15:26) The Tech Recession (21:46) Classifications Of Tech Companies (24:32) The Role of Cash In An Investment Portfolio (26:33) What Happens When The Rates Drop? (28:57) The Duration Of Current Rates (30:13) The Use Of I Bonds (31:34) Investing in High Yield Savings vs. Short Term ETFs (33:47) The Need For An Emergency Fund (36:13) Exploring Future Employment Opportunities (37:19) Buying A Home In A High Rate Environment (40:53) Strategies To Lower Mortgage Payments (49:11) Maximizing Net Fulfillment (50:48) Optimizing The Home Buying Experience (52:53) Auto Loans (54:12) Credit Unions (55:00) Student Loans (55:48) Ways to Estimate Risk and Potential Upside (57:40) Ben's Recommendations For Financial Services Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn
Bruce and Jeff talk to Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, about going 100% equities in portfolios, dealing with the risk averse versus the non-risk averse, and answering the big recession questions. Guest Bio:Ben Carlson CFA serves as the Director of Institutional Asset Management at Ritholtz Wealth Management. Mr. Carlson is responsible for working directly with institutional investors and developing portfolio solutions that address their needs, as well as leveraging and contributing to the firm's internal research program. Prior to this, he was a part of the investment team that managed the endowment fund for the Van Andel Institute. Mr. Carlson previously worked for an institutional investment consulting firm managing portfolios for various endowments, foundations and pension plans.He is the author of the books A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan and Organizational Alpha: How to Add Value in Institutional Asset Management.In 2017, he was named to the InvestmentNews 40 Under 40 list of top financial advisors.Mr. Carlson is a CFA charterholder. He earned an MBA from Grand Valley State University and a Bachelor's Degree in Business Management from Hope College.
Bill covered the latest macro news & was then joined by Abra's Head of Global Sales, Robert Valdes-Rodriguez, & Head of Institutional Asset Management, Robert Wallden, to discuss Abra's OTC Trading services. Some of the key highlights of the session are below: Macro Update - In Bill's view, we are entering a phase of dramatic slowdown in the economy, fastest credit tightening, and low open interest on the leveraged front in crypto, which essentially means we are likely to get into a cycle of money printing again and that is when risk on assets like Crypto will spike higher.Abra OTC Trading - Robert Valdes-Rodriguez and Robert Wallden gave an overview of Abra's OTC Trading services and some of the advantages of using the OTC desk vs an exchange. Robert Valdes-Rodriguez explained the types of institutional clients that are currently using the OTC services while Robert Wallden provided details of Abra's OTC setup, which includes Voice trading, Trading API as well as a Trading UI available to the clients.
Today's guest cut his teeth working in institutional real estate before starting his own company. As the SVP of acquisitions and asset management on roughly $3 billion worth of transactions, Mark Lively learned a lot before founding Cloudline Investments. Today he joins us to shed light on institutional asset management best practices and some of the biggest lessons he learned working in institutional real estate. Tuning in, you'll hear about why revenue management is so commonly overlooked in small-scale real estate investments, the value of collecting and processing data to optimize it for revenue, and what the ratio of exterior cap ex versus interior cap ex should be. He explains some of the big differences between institutional real estate companies versus smaller boutique companies and sheds light on metrics that institutional investors look at when evaluating a deal. To find out more about the deals and markets that Mark is currently targeting as well as what he believes to be the best metric to look at in any deal, tune in today!Key Points From This Episode:An introduction to Mark Lively, his career in asset management, and why he founded Cloudline Investments. The heavy value-add approach he took when working in the institutional side of real estate.Why revenue management is commonly overlooked in small-scale real estate investments.The value of collecting and processing data to optimize it for revenue. The differences between institutional real estate and smaller boutique companies.Thoughts on quantifying the ROI on paint. Insight into the ratio of exterior cap ex versus interior cap ex.Some of the biggest lessons learned working in an institutional company.The metrics that institutional investors look at when evaluating a deal. Why Mark believes that IRR is the best metric to look at in any dealHow the IRR differs in retail customers versus institutional customersThe deal Mark just closed and the types of deals and markets that he is currently targeting.Links Mentioned in Today's Episode:Mark Lively Cloudline InvestmentsMark Lively EmailAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedIn
In this episode we talk with Ben Carlson, author of the popular A Wealth of Common Sense blog and Director of Institutional Asset Management at Ritholtz Wealth Management. We discuss Ben's path to creating and building the blog and what he has learned along the way. We also get Ben's help putting the current market and economic situation in historical context and discuss some of the biggest lessons he has learned studying market history. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
In this month's episode of Onward, Fundrise CEO Ben Miller is joined by Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management, for a wide-ranging discussion that offers fresh, critical thoughts on the state of the market, plus new perspective on our current moment in financial history. Ben C's additional experience as an author of multiple books and co-host of his own financial podcast, Animal Spirits, opens the door to some provocative questions, including why wealthy individuals are historically most susceptible to financial fraud. More broadly, Ben C explains, his study of financial history has shown that many factors are in flux between eras, but one element that always stays the same is human nature and people's capacity to behave irrationally. What does that mean for investors today? Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com. Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast). Podcast production and music by Seaplane Armada. About Fundrise With over 1 million users, Fundrise is America's largest direct-to-investor real estate investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private real estate—all at the touch of a button. Please see the Fundrise Flagship Real Estate Fund website, Fundrise Income Fund website, and Fundrise Innovation Fund website for more information on each fund, including each fund's prospectus. For the publicly filed offering circulars of the Fundrise eREITs and eFunds, not all of which may be currently qualified by the SEC, please see fundrise.com/oc.
Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management and the author of several books about investing. He is the founder of the blog ‘A Wealth of Common Sense'. He is, also, a co-founder and co-host of the podcast, Animal Spirits with Michael and Ben, which is an informative and fun podcast about the markets and the economy, et cetera. On this week's episode, Ben and I discuss inflation and how it relates to the stock market. This market we find ourselves in, is still very bearish this year and still quite confusing, which is something else we discuss why everything is so confusing. How can we have a recession and very low unemployment? We also discussed 90s Hip Hop. Ben lists the three books he would assign to a 25 year old who wants to learn about money. We talk about what we should and shouldn't do in the stock market is battered and bloody. And we talked about where there is hope for the future of our economy. All this and more with Ben Carlson
Amanda Agati stops by The Business Brew to discuss her investment outlook going forward. Amanda is Managing Director and Chief Investment Strategist for the PNC Financial Services Group. In this role, she oversees all investment strategy-related activities for the Institutional Asset Management, Wealth Management, and Hawthorn (ultra-high-net-worth) businesses. In addition, she leads the team that establishes overall strategic and tactical asset allocation guidance of client portfolios, manages the evolution of investment processes, provides thought leadership on key investment issues, and is the author of numerous publications. She also performs research and analytics that help drive the overall investment recommendations of the firm while also managing the firm's asset allocation models. Amanda is a self described optimist. Her opinions are nuanced and thoughtful. This conversation touches on a number of topics and is quite balanced. There is even some stuff in here for dog lovers. We hope you enjoy! This episode is brought to you by Bastiat Partners, a boutique investment banking firm. See https://bastiatpartners.com/. Detailed show notes below. Album art photo taken by Mike Ando. Please see www.mikeando.com. Thank you to @mathewpassy (on Twitter) for the show production. Please leave us a rating in your favorite podcast player! Detailed Show Notes: Opening - General discussion 12:40 - Thoughts on the economy 14:55 - Stagflation? 16:40 - Importance of diversification 22:10 - Energy discussion 26:05 - Career path 29:30 - Quality growth for the long term 34:10 - Thinking opportunistically in this market 41:30 - Impact of supply shortages 44:25 - Investor whiplash 51:40 - The need for supply chain diversification 55:40 - Does an illiquidity premium make sense? 58:10 - Crypto winter (for now) 1:07:10 - What Amanda attributes her success to
Over a 30-year career in markets, Vadim Zlotnikov has gained a strong appreciation for the value of time horizon in risk management and alpha generation. Noting that being sufficiently early in expressing a view on markets is not much different from being wrong, Vadim stresses the importance of implementation in achieving a successful outcome. Here we talk of trade construction that is not necessarily burdened by high carry costs. We also discuss the endogenous nature of many market risks, an area that Vadim has focused on considerably and has developed a view that crowding plays a role in market vulnerability.Now the President of Fidelity Institutional Asset Management, Vadim is highly focused on portfolio construction and the exposures that should comprise the strategic allocation of his firm's clients. In this pursuit, he's thinking about the mix of assets that, in combination, is diversifying and able to deliver attractive returns. In this context, we discuss the changing interaction between risky and risk-free assets and the need to include additional sources of diversification including strategies focused on commodities, long/short equities and potentially, digital assets.Lastly, Vadim shares some of his thinking on the importance of diversification through strategies that have unique time horizons. Here, he makes the point that the alpha generation found in value investing takes place over a much different time horizon than does the alpha that accrues from momentum-based strategies.I hope you enjoy this episode of the Alpha Exchange, my conversation with Vadim Zlotnikov.
#42: Author and financial advisor Ben Carlson joins Chris to share investing, saving, and giving hacks. They discuss what you can do instead of picking stocks, the differences between how institutions invest and how individuals invest, how to assess if you need a financial advisor, short-term and long-term approaches to beating inflation, and why you should automate your giving. Ben Carlson (@awealthofcs) is a financial advisor and Director of Institutional Asset Management at Ritholtz Wealth Management. He is also the author of four books about saving and investing and the popular blog A Wealth of Common Sense.Full show notes at: https://allthehacks.com/inflation-alternatives-ben-carlson Selected Links From The EpisodeConnect with Ben Carlson: A Wealth of Common Sense | Animal Spirits Podcast | TwitterBen Carlson's Books:A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment PlanEverything You Need to Know About Saving For RetirementDon't Fall For It: A Short History of Financial ScamsOrganizational Alpha: How to Add Value in Institutional Asset ManagementBook Recommendations:The Four Pillars of Investing: Lessons for Building a Winning PortfolioThe Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in BetweenWhat I Learned Losing a Million DollarsInvest in real estate: FundriseInvest in art: Masterworks (skip the line with this link)Roboadvisor: Wealthfront ($5k managed free with this link)HSA: Starship HSACrypto High Yield Savings: BlockFi Automate your giving: Daffy (free $25 with this link)Fiduciary Financial Advisors: Wealth Foundry | XY Planning Network401k Fee Analyzer: TD Ameritrade 401k Fee Analysis Full Show NotesWho is Ben Carlson? (00:11)Why is Ben Carlson done picking stocks? (01:22)Alternatives to picking stocks. (04:32)What you should do before exploring stock alternatives. (09:19)Why you should have rules for every investment you make. (11:36)Lessons from how institutions invest. (16:00)What are asset allocations (and should you trust a roboadvisor with your asset allocation)? (18:19)Should you work with a financial advisor? (21:58)Should you max out all your retirement accounts? (25:42)Where should you keep your cash for short-term savings? (30:14)Using leverage reasonably: should you do it? (37:31)What's happening with inflation in 2022 (and how to beat it long term)? (40:30)Should you invest in Treasury Inflation-Protected Securities to protect your cash against inflation? (42:46)Non-investment related ways to simplify your financing (optimism and automated giving). (45:29)Having a savings allocation (fun money). (49:00)The statistics that prove why saving is more important than investing. (51:43)Ben Carlson's book recommendations. (54:15)How to connect with Ben. (57:22) SponsorsMasterworksThis episode is brought to you by Masterworks. Masterworks is an alternative investing platform that gives you access to one of the most exclusive and overlooked investments in history: blue-chip art. Masterworks lets regular people invest in paintings by legends like Banksy Basquiat and Warhol without spending millions. In fact, I used masterworks to invest in a 15 million dollar Picasso the other day. Here's how it works: Masterworks will buy a painting they think will appreciate well over time, then they securitize that painting with the SEC, so you can invest in it instead of buying the whole thing. Once they sell the painting, later on, you get your share of the proceeds. It's that simple. In 2020 and 2021, masterworks sold two paintings that appreciated by over 30%. They have over 280,000 users and demand is as high as ever. But I partnered with them to give you all priority access by going to https://allthehacks.com/masterworks (see important disclosures at masterworks.io/disclaimer). StarshipThis episode is brought to you by Starship. Are you looking for a new HSA? You can get one free with Starship and signing up only takes a few minutes. If you're not familiar with HSAs, they're health savings accounts for health-related expenses like doctor appointments, glasses, prescriptions, and over-the-counter meds. The best part is that an HSA from Starship lets you get tax breaks on account contributions, when purchasing eligible expenses and on any investment growth.In the past, my HSAs have had high monthly fees and I've been forced to invest through an old school brokerage. That's why I'm so excited about Starship – there are no hidden fees, no minimum balance fees, and no monthly maintenance fees. And you can spend, save, and invest your HSA funds all from their simple app. Also, instead of having to manually invest your funds, Starship can automatically invest your contributions using their robo-advisory tool. I think Starship is the easiest HSA out there and you can sign up in minutes at https://allthehacks.com/starship BlockFiThis episode is brought to you by BlockFi. BlockFi is the company I use to store all my crypto and I think they provide huge value because. Whether you buy your crypto with them or transfer in what you already have, you can start earning interest on all of it, which is a great way to earn some passive income with almost no effort. And that also includes stable coins based in us dollars where you can earn 9% without having your savings fluctuate with the crypto markets. This is where I store the cash I used to keep at a high yield savings account. Since opening my account, I've already earned thousands of dollars of interest.BlockFi also has a rewards credit card that instead of earning points or miles gives you Bitcoin back on every purchase you make offering 3.5% back in the first three months and 1.5% percent back after that. If you want to check out BlockFi, you can get an exclusive bonus of up to $250 free when you sign at https://allthehacks.com/blockfi Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn
#333: In the 1890s and early 1900's, we had recessions every two years. From 2009 to 2020, we enjoyed an 11-year bull run, the longest bull run in history. And when we finally had a recession, it lasted only two months. It was the shortest recession in U.S. history. The duration between recessions is growing longer (these days, we average 10 years between recessions, as opposed to two years at the turn of the previous century). And when recessions strike, we recover faster. The average length of recessions is growing shorter. What does this mean? If we project these trends into the future, are we bound for the end of recessions? That's the question that kicks off this discussion with Ben Carlson, Director of Institutional Asset Management at Ritzhold Wealth Management and the host of the Animal Spirits podcast. For more information, visit the show notes at https://affordanything.com/episode333
The 52nd NewRetirement podcast. This time, Steve Chen is joined by returning guest Ben Carlson — Director of Institutional Asset Management at Ritholtz Wealth Management — and discusses whether we’re in a bubble, how to invest in a bubble, and Carlson's new book, Everything You Need To Know About Saving For Retirement.Produced by Davorin Robison.© 2021 NewRetirement Inc.
https://youtu.be/hIXyJ_BAD9I Most Americans are behind on their savings for retirement and many are left to tackle their saving, planning, and investing for retirement on their own. While there are plenty of blog posts, podcasts, and articles to give people fractions of the information they need to have a chance to navigate the retirement savings waters, there are few books written in a way that actually help readers put it all together. That was until Ben Carlson dropped Everything You Need To Know About Saving For Retirement earlier this year. Ben is the author of the blog A Wealth Of Common Sense, the Director of Institutional Asset Management at Ritholtz Wealth Management, co-host of the podcast Animal Spirits, and one of my favorite bloggers. I was lucky to snag a little bit of his time to record this bonus episode of AAYB too discuss some of my favorite sections of his book. If you plan on retiring one day or know someone who would, then I highly recommend you grab a copy of the book--link down below. Everything You Need To Know About Saving For Retirement A Wealth Of Common Sense Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. As life expectancy increased throughout much of the past century, so did the importance of saving and growing one’s nest egg for retirement. Though most who retired during the last 40 years enjoyed a massive tailwind from stocks and bonds, those that switched from accumulating to drawing down their savings between 2000 and 2002 suffered a rude awakening. Currently, there is widespread concern that typical stocks-and-bonds heuristics will not suffice. Ben Carlson (Director of Institutional Asset Management at Ritholtz Wealth Management) has given this a lot of thought. He joined the ReSolve crew to talk about his recently launched book, covering topics that included: Investment principles as a distant and foreign language outside of finance: the importance of narrative to bridge the comprehension gap (which can often be a chasm) The dual role of financial advisors: fiduciaries and behavioral psychologists Incentives to create and nurture a savings habit: mindset is key The myths surrounding risk tolerance: willingness vs ability Savings rate, lifestyle and portfolio returns: understanding the levers we can actually control A crucial yet often overlooked factor: sequence of returns CPI inflation vs the inflation that individuals experience: the blind spot for most portfolios We also discussed how remaining active into an older age is correlated not only with a longer lifespan, but also with prolonged health and mental acuity. Thank you for watching and listening. See you next week.
Do we really like bargains when we shop? We do want a good deal don't we? Why wouldn't we want a good deal that provides value and especially when it comes to investing in companies? In this episode we talk with an expert about value investing for those great bargains.When you think "value investing", you may think of Warren Buffet, Sir John Templeton or John Neff. But you may not now that there's a niche world of deep value investing. Towle and Company has been in the world of investing since 1981 and they specialize in the LOST ART of finding and selecting deeply discounted companies for investment. A company's stock price may be very discounted and it's future performance may look attractive but....FINDING DEEP VALUE MEANS MORE THAN A PROMISING PROFORMAIt requires understanding the management's character and values. CEO Chris Towle shares his wisdom and experience:- Top 3 metrics for Institutional Asset Management selection process- Where and how does one find value in investing- How to balance evaluation discipline with facts and expectation of good- Why the shift to value from growth investing is so attractive- The intangible qualities needed of management teams- Why being fiercely independent (and away from Wall Street) matters to investing- How to develop a confident mindset to investing- The right kind of capitalism to fuel economic growth- The role of trust, humility, and clear vision in a companyhttps://towleco.com/ email: info@towleco.com** Spirit of Thanksgiving Special **Listener Appreciation GiftThe first five from the U.S. to sign up receive:1. a free Energy Leadership Index Assessment – A Forbes magazine top 5 industry assessment tool and widely used by Fortune 500 companies. 2. a free Kindle copy of Michael’s best-selling book Out of Dad’s Box: How to Break Free From Parental Control and Transform your Life at Any Agehttp://bit.ly/BizAppreciation #deepvalue, #investing, #valueinvesting, #managementteams, #collaboration, #economicgrowth #WarrenBuffett #EnergyLeadership #ELI
Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management, the author of the books A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan and Organizational Alpha: How to Add Value in Institutional Asset Management and co-host of the Animal Spirits podcast Animal Spirits. https://awealthofcommonsense.com/about-2/ WMA website: http://msuwma.com Contact: msuwma@gmail.com Song credits: J Dilla: Last Donut of the Night - https://www.youtube.com/watch?v=ownXgkMQv8g
CNBC’s Bob Pisani speaks with Tom Lydon, CEO of ETF Trends, Jan Van Eck, President and CEO of Vaneck and Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management. They discussed how ETFs are on pace for another record breaking year, why gold is retaining its shine and how to play the countries that are beating the Coronavirus through ETFs. In the 'Markets 102' section, Bob discusses the evolution of Golf ETFs.
Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management. There, he helps to create detailed investment plans and manage portfolios for institutions and individuals to help them achieve their goals. Ben is also the author of the new book “Don't Fall For It: A Short History of Financial Scams” which we’ll discuss. And on top of that, he has his own investing podcast called Animal Spirits, and he writes all about investing over at his site “A Wealth of Common Sense” - not only are we excited to talk about scams with Ben, but also how we as individuals should approach saving and investing for retirement. During this episode we enjoyed a Coconut Stout & Coffee Cream Ale by Kiitos Brewing- thanks to Andy for donating these to the show! And as we have ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times! Best friends out! Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers
This week we have a special guest joining The Invested Dads Podcast! Ben Carlson, the Director of Institutional Asset Management at Ritholtz Wealth Management (as well as an invested dad), will be discussing his newest book, Don't Fall For It: A Short History of Financial Scams. He'll be talking about stories from the book, some key takeaways, and ways you can help yourself avoid scams (Hint: Don't send money to that Nigerian Prince claiming you are entitled to millions). We are super excited to have Ben Carlson with us this week and we really hope you enjoy listening to our first guest on The Invested Dads Podcast!If you'd like to see show notes, links, and the transcript from the podcast, visit theinvesteddads.com/009
Ben Carlson is a Director of Institutional Asset Management at Ritholtz Wealth Management and the person behind the fantastic blog, A Wealth of Common Sense.Ben has recently released a book called ‘Don't Fall for it'. The cover of the book describes it as a short history of financial scams, but it's really much more than that.In this podcast episode we discuss some of the fascinating anecdotes of succesful scams over history, but we also discuss the psychology behind why scams can be so successful on their targets.Show notes for the episode are available on the Six Park website.
The recent flare-up in the Middle East has investors asking questions about what might happen to their portfolios if a war breaks out. While every scenario is different and the variables change, there are some important things to understand about how wars have historically affected the Dow Jones Industrial Average.Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management. This past week, he took a look at how US stocks have acted during WWI, WWII, the Korean War, Vietnam, the Gulf War, etc. Ben shares his findings in a new article at Fortune Magazine and in this video with Josh Brown.Read Ben's full article here:https://fortune.com/2020/01/03/iran-us-conflict-stock-market-oil-prices/1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer:https://thereformedbroker.com/terms-and-conditions/ See acast.com/privacy for privacy and opt-out information.
In this episode of “A Little Louder Now”, a podcast produced by The Bridge Initiative, an Fi360 project, Alex and Terra interviewed Melissa Richey, Vice President and Market Managing Director of Institutional Asset Management at PNC Capital Advisors. That might be Melissa's fancy title today, but in their former lives, Melissa was just Terra's boss. Terra was a new manager and an emotionally charged new mom who was working out how to balance the stress of work and home and marriage and self-care and Melissa was exactly the person she needed at the exact right time to gain confidence in herself as a manager and as a human. She earned the respect of her colleagues by knowing when and how to be direct or tough, vulnerable or sensitive. She has never apologized for who she is, like when she proudly stood shoulder-to-shoulder with an Ivy League grad questioning her worth as a Slippery Rock alum, and she has never compromised on what she knows to be right, like when it comes to managing people with integrity. Alex and Terra walked away from their conversation with Melissa feeling fully empowered. We know you will too! Music & Editing by Jennifer Szakolczay
Guests: Ben Carlson - Director of Institutional Asset Management at Ritholtz Wealth Management who writes a blog called “A Wealth of Common Sense” Nir Kaissar - Founder and Portfolio Manager for Unison Advisors. Nir is also a columnist for Bloomberg Gadfly See acast.com/privacy for privacy and opt-out information.
Ben is the Director of Institutional Asset Management at Ritholtz Wealth Management. He helps the team create detailed investment plans and manage portfolios for institutions and individuals to help them achieve their goals. Ben has been managing institutional portfolios his entire career, starting out with an institutional investment consulting firm developing portfolio strategies and creating investment plans for various foundations, endowments, pensions, hospitals, insurance companies and high net worth individuals. More recently, he was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization. Ben’s blogging mission is to try to explain the complexities of the various aspects of finance in a way that everyone could understand them. Both the economy and the financial markets are complex adaptive systems, but they don’t necessarily require complex solutions. Common sense and self-awareness are extremely underrated attributes in the world of finance. Ben’s Challenge; Reach out to someone you admire and take them out for lunch/coffee. Networks are underrated. Ben’s Book A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan Connect with Ben Twitter LinkedIn Website
My guest today is Ben Carlson, the Director of Institutional Asset Management at Ritholtz Wealth Management. He's been managing institutional portfolios for my entire career. He started out with an institutional investment consulting firm developing portfolio strategies and creating investment plans for various foundations, endowments, pensions, hospitals, insurance companies and high net worth individuals. He was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization. The topic is his book A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan. In this episode of Trend Following Radio we discuss: Diversification The purpose of a long only commodities investment Speculation Index funds Having a plan Risk and Reward Saying no Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
On today’s episode of Trend Following Radio Michael Covel interviews Ben Carlson. Ben is the Director of Institutional Asset Management at Ritholtz Wealth Management. He first gained fame with his blog, “A Wealth of Common Sense.” Following his blog success Ben wrote the book, “A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan.” “A Wealth of Common Sense” is geared toward helping investors gain a simpler decision making process and developing a clearer way of thinking. This is where Michael and Ben take the conversation on today’s podcast. Ben says that people usually become their worst enemy while trading. Cycle to cycle or fad-to-fad is how so many plan their investing rather than building their trading off a solid foundation. Studying the emotional side of trading is a relatively new concept that has sprung up in the last couple decades, which causes people to overlook the necessity of its study in their trading. Ben says, “Envy is the worst of all sins because nobody enjoys doing it.” People are constantly tempted to follow what others do. With the amount of information and “noise” thrown around today we are more informed than ever but most aren’t putting that information in the right context. Ben uses the documentary, “Jiro Dreams of Sushi” as a great example of having faith in a system matched with an extraordinary amount of discipline. There is nothing fancy about Jiro and his sushi. It is his discipline over the years to perfect his craft that has made him arguably the best sushi chef in the world. Whether it is creating the perfect meal or creating the perfect system, you have to give it time to work. Ben says that discipline is just not there for most people. Constantly asking, “Does this still work? Why should I continue to follow it?” Lastly Mike brings up the phrase “Market timing.” On a daily basis there is someone on T.V. predicting what will happen. The two talk about lack of understanding among investors, relating investment advisors as shrinks to their clients. They are not managers of money but managers of people. In this episode of Trend Following Radio: Diversification The purpose of a long only commodities investment Speculation Index funds Having a plan Risk and Reward Saying no
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