Podcast appearances and mentions of Jeremy Siegel

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Best podcasts about Jeremy Siegel

Latest podcast episodes about Jeremy Siegel

One Rental At A Time
Fed Speak, Bill Ackman, Jeremy Siegel, Apartment Demand Crashes, Earnings

One Rental At A Time

Play Episode Listen Later Nov 30, 2022 10:50


*NEW ITEM!* Purchase my newest book! "15 Conversations with Real Estate Millionaires" https://amzn.to/3CGOWOU

The Disciplined Investor
TDI Podcast: Kids Playing With Matches (#791)

The Disciplined Investor

Play Episode Listen Later Nov 20, 2022 41:33


Here's some advice – don't let kids play with matches…! Builders are feeling the pain – rates only going higher.  Jeremy Siegel – predicting the bottom and a pause. Hmmmmmm Divergence – economic reality and execution – the tale of two stocks. Check this and find Out More At: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (WMT), (TGT), (AAPL), (COIN), (BTCUSD), (M), (KSS)

Halftime Report
Is the End of Year Rally Back on? 11/10/22

Halftime Report

Play Episode Listen Later Nov 10, 2022 45:07


Inflation cools, markets soar, yields fall. Scott Wapner and the Investment Committee discuss the big jump in stocks after CPI comes in cooler than expected. Plus, Jeremy Siegel joins us to break down everything from the Fed to crypto. And later, a Call of the Day on Tesla and it's continued downward trend, the Committee debate what to do with the stock.

One Rental At A Time
Jeremy Siegel - Expect Fed Pivot ASAP as Inflation is Crashing

One Rental At A Time

Play Episode Listen Later Nov 2, 2022 14:58


*NEW ITEM!* Purchase my newest book! "15 Conversations with Real Estate Millionaires" https://amzn.to/3CGOWOU

Masters in Business
Siegel and Schwartz on Stocks for the Long Run

Masters in Business

Play Episode Listen Later Oct 28, 2022 78:54


 Bloomberg Radio host Barry Ritholtz speaks with acclaimed Wharton finance professor Jeremy Siegel and Jeremy Schwartz, who is global chief investment officer at WisdomTree. Prior to joining WisdomTree, Schwartz was Siegel's head research assistant and helped with the research and writing of his classic book "Stocks for the Long Run," as well as "The Future for Investors."  See omnystudio.com/listener for privacy information.

Closing Bell
Closing Bell Overtime: Snap Cracks 10/20/22

Closing Bell

Play Episode Listen Later Oct 20, 2022 44:29


Another earnings report from Snap, another slide in the stock. SoFi's Liz Young, Truist's Keith Lerner and NewEdge's Cameron Dawson dig into the quarter hot off the results. Plus, Wharton's Jeremy Siegel lays out his expectations for the Fed and inflation as yields hit new highs. And, top private wealth manager Chris Toomey of Morgan Stanley gives viewers a sneak peek into his year-end playbook.

Something More with Chris Boyd  Show Podcasts
Federal Reserve Discussion; Sandwich Town Clerk on Upcoming Elections

Something More with Chris Boyd Show Podcasts

Play Episode Listen Later Oct 5, 2022 47:16


Host and IAR, Jeff Perry, JD, and CIO, Brian Regan, CFA®, open this hour talking about criticism given by Economist and Professor of Finance at the Wharton School of the University of Pennsylvania, Jeremy Siegel, on the Federal Reserve and its attempt to bring down inflation. Brian shares similar sentiment with the professor of Fed tightening timelines and gives insight on home mortgages and its effect on the average person. Brian discusses expectations on fed fund rates in 2023 and reveals how much fed fund rates affect yield curves. He takes a macro view of what the Fed is doing today and what they might do in a year from now. Taylor White, Sandwich Town Clerk, joins Jeff to discuss upcoming elections, ballot questions, voter identity, early voting, and more, sharing the goals and challenges of his role and election officials.

Here & Now
Black bluegrass musician Arnold Shultz's forgotten legacy; Preparing for a hurricane

Here & Now

Play Episode Listen Later Sep 27, 2022 24:55


As Hurricane Ian bears down on Florida, residents in several counties are under an evacuation order. Hillsborough County Fire Chief Dennis Jones describes how local residents are preparing for the region's biggest hurricane in 101 years. Then, University of Pennsylvania Wharton School of Business professor Jeremy Siegel explains why the Federal Reserve's policy of hiking interest rates could lead to a major recession. And, many credit Bill Monroe as the "father" of Bluegrass. But when you listen to his music, you hear echoes of the man who mentored Monroe — Arnold Shultz, the son of a formerly enslaved man in Ohio Country, Kentucky. Among those working to restore that legacy is Dr. Richard Brown, a dentist and acclaimed mandolin player.

Squawk Pod
Jeremy Siegel is Fired up 9/26/22

Squawk Pod

Play Episode Listen Later Sep 26, 2022 23:52


Are we on the wrong path in the fight against inflation?  Wharton Business School professor Jeremy Siegel criticizes the Federal Reserve and its chairman, Jerome Powell, saying the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process.  The British pound falls to historic lows against the U.S. dollar, sparking currency concerns around the globe.  Plus, the new fee that car dealerships are trying out on auto lease consumers.  In this episode:Phil Lebeau, @LebeaucarnewsMelissa Lee, @MelissaLeeCNBCJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie

The Joseph Carlson Show
Episode 274 - Jeremy Siegel Just Destroyed The Fed

The Joseph Carlson Show

Play Episode Listen Later Sep 26, 2022 25:39


This is the best interview of the year.

The Critical Point Podcast
Jeremy Siegel's Rant On FED Not Reflecting Changing Market Conditions and Inflation

The Critical Point Podcast

Play Episode Listen Later Sep 26, 2022 2:23


To subscribe: Critical Point Podcast $27.99 per month recurring. Billing begins two weeks from signup (a form of 2-week free trial). Cancel anytime. Primary focus on the US stock market and the major grains. Short-term to super-long-term forecasts from the business cycle model, including signals. Additional model-based opinion/signals include global stock market indexes, interest rates, dollar, bitcoin, gold, oil, the boom/bust cycle of the economy, and the cyclical climate events that can cause crop problems. For information, education, explanation see criticalpointpod.com. Email: rich@ag-financial.com

Halftime Report
Buy Today's Big Drop? 9/13/22

Halftime Report

Play Episode Listen Later Sep 13, 2022 43:59


The latest key inflation read coming in hotter than expected. Scott Wapner and the Investment Committee debate what it means for the Fed's rate hike plan and your money. Plus, Wharton's Jeremy Siegel joins us to break down all the data and discuss if the Fed is going to make a big policy mistake. And, energy hanging in today's selloff. One stock in the group actually rallying today. It's a Josh Brown stock – he weighs in.

Revere Asset Management-Your Money
Radioactive Nuclear Stocks | Your Money Podcast – Episode 417

Revere Asset Management-Your Money

Play Episode Listen Later Sep 9, 2022 66:57


 Are stocks cheap? Jeremy Siegel, Gary Shilling, and CNBC think they've got the answer, but Danny's not so sure. The shop digs into SEC Registration, the state of the Recession (and whether or not it actually exists) and introduce new Revere Research Analyst Ted Zhang to the show before diving into Nuclear Energy amid […] The post Radioactive Nuclear Stocks | Your Money Podcast – Episode 417 appeared first on Revere Asset Management.

The Peter Schiff Show Podcast
Fed Can't Solve an Inflation Problem It Doesn't Understand – Ep 837

The Peter Schiff Show Podcast

Play Episode Listen Later Aug 31, 2022 42:48


· Consumers have misplaced confidence. · Job hirings shrink as job openings grow. · Jeremy Siegel, Becky Quick, and Joe Biden compete for most ridiculous inflation comment. · Los Angeles liberals' virtue signaling reaches new level of idiocy. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify's entire suite of features. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff

What Goes Up
Siegel on Inflation, the Fed and Meme Stocks

What Goes Up

Play Episode Listen Later Aug 26, 2022 43:39


Jeremy Siegel, a longtime professor of finance at the University of Pennsylvania's Wharton School and author of “Stocks for the Long Run,” joined the latest episode of the “What Goes Up” podcast alongside Jeremy Schwartz, global chief investment officer at WisdomTree, to discuss the state of the economy, inflation and markets. Siegel also threw in some advice for retail traders caught up in the meme-stock craze. “I always recommend to young people, if you want to play with 10% or 15% of your portfolio in those games, fine. But, you know, put the other 85 into some sort of a long-term index fund that will have meaning for you when you finally become an adult,” he said. “Do not make that a big portion of your portfolio unless you have unbelievably excess money and you can afford to lose 80% of it.”See omnystudio.com/listener for privacy information.

The Wake Up
S1 E1 What's On Tap: Fine Dining in the Mess Hall

The Wake Up

Play Episode Listen Later Aug 23, 2022 11:54


How are people shuttling, biking, and driving around Boston during the Orange and Green line shutdowns? GBH News Morning Edition co-hosts Paris Alston and Jeremy Siegel talk about transit, the best dorm foods (shoutout to Sam the Minuteman), and how the drought is affecting wildfires in Massachusetts. Want to contribute to The Wake Up? Send us your audio diaries about getting around during the MBTA's shutdowns. Email us at thewakeup@wgbh.org for more details.

Mysl investora
288: Hotovost jako nejrizikovější investice

Mysl investora

Play Episode Listen Later Aug 9, 2022 35:21


Každý všední den se v rámci podcastu MYSL INVESTORA můžete těšit na jedno odborné téma za světa investic a investičního poradenství. Tento podcast je projektem společnosti Sušánka & partneři a stojí za ním majitel a investiční poradce společnosti Jan Sušánka, EFP. Jan Sušánka, EFP je investiční poradce zabývající se honorovaným investičním poradenstvím, s odměnou převážně ze zisku pro poradenskou společnost/poradce. Specializuje se na bonitní klientelu, která investuje jednotky až stovky milionů. V dnešním díle si můžete poslechnout další díl Aktualit Moudrého investora za  minulý měsíc, kdy pro Vás komentujme události z ekonomiky a kapitálových trzích. Tentokrát  opět ve staré sestavě s kolegou a analytikem Sušánka & partneři Pavlem Černíkem.

Stock Stories | Case Studies and Mental Models for Individual Investors

Bear markets bring stock prices down.  Everyone gets that.  But what if there was a way to not only stabilize your returns, but actually increase them through bear markets?  Today's episode draws on research from Wharton professor Dr. Jeremy Siegel, in his fantastic book The Future For Investors:Check out the book here:https://www.amazon.com/Future-Investors-Tried-True-Triumph/dp/140008198X/ref=asc_df_140008198X/?tag=hyprod-20&linkCode=df0&hvadid=312006100296&hvpos=&hvnetw=g&hvrand=11733129490204387519&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9051734&hvtargid=pla-470265575929&psc=10:00 - Boost Returns1:01 - How It Works2:31 - Philip Morris Example4:50 - Kroger Example7:11 - Kroger Returns10:03 - Bonus Insights

No Payne No Gain Financial Podcast
Can You Pass Financial Independence Pop Quiz?, Ep #91

No Payne No Gain Financial Podcast

Play Episode Listen Later Jul 27, 2022 26:55


What's up! It's episode 91 of Payne Points of Wealth and we're getting mixed emotions from the economy in the stock market as we're in the midst of earning season. Surprise, surprise earnings are not looking as bad as Wall Street is wanting you to believe. We're going to break it down and give you our view on what's going on with earnings right now. What we see right now with the economy, the labor market, inflationary pressure, everything everyone's talking about, we're going to give you the Payne view.  On the Tipping Point, we have guest Aaron Dessen, a Certified Financial Planner™ at Payne Capital Management, and we're going to give you a financial independence pop quiz! Can you answer these questions? Are you on your path to financial independence or do you need some help? You will want to hear this episode if you are interested in... Could the lows be behind us already? [2:32] What the FED is doing is working [5:55] What happened the last time we saw high bond allocations [8:21] The Tipping Point [12:43] Do you know how much it costs to fund your lifestyle? [13:50] What does your net worth need to be before you can live off of your portfolio? [16:12] Hidden Facts of Finance [21:22] Are the lows already behind us? Jeremy Siegel is a great economist and a professor of finance at Wharton at the University of Pennsylvania. He's a big fan of Jerome Powell and the federal reserve and has been rooting them on to raise interest rates. He believes that they will hike 75 bits next week. Jeremy also thinks that they're going to start paying attention to the slowdown in the economy and the lows could absolutely be behind us already. Now he doesn't KNOW, but again, he's a smart man and he knows that J Powell is looking at all the indicators. Who knows, we might have seen peak inflation.  It was indicative last week when we had really good earnings on a Tuesday and markets went up over 700 points in one day! It's just a reminder the market action can change on a dime. Your bigger risk here is that we get good news and suddenly you get a huge melt-up in the market. This is why you don't market time because when that happens if you're not already invested, you miss the boat. This week on the tipping point: Can you answer these questions? The first question we usually ask people who walk into our firm is “Do you know how much it costs to fund your lifestyle?” In our experience, most people really have no idea. It's not that hard to figure out. You'll need to know what your take-home income is and then we can figure out what your rate of savings is and kind of back into it from there. When we get to that number most people are pretty surprised.  This leads to the question “What does your net worth need to be before you can live off of your portfolio?” What is it that takes people from feeling completely blind about what they're doing to feeling comfortable and confident that they have a plan in place so they can sleep at night? The only way to figure that out is by doing a comprehensive financial plan. This brings us right back to the need to have an answer for question number one. This week's hidden facts of finance When it comes to food inflation margin experienced the largest percentage price increase. The spread is 34.5% more expensive than it was last June and its price leaped up 7% from May to June alone.  About 60% of working Americans say that the definition of what's considered "professional" has changed since the start of the pandemic. Keeping a conservative appearance seems to be losing popularity.  An NFT (non-fungible token) by Digital artist Pak, a pseudonymous artist (or artist collective), called The Merge is the most expensive NFT ever sold. It sold for 91.8 million. Cassettes are back! In the US sales have seen sharp gains in recent years. The format nearly doubled from 173,000 units sold in 2020 to 343,000 units sold last year and are already at 215,000 units sold in 2022, on pace to make it another record year. I don't get it.  Resources & People Mentioned Aaron Dessen works closely with clients providing personalized service and advice, focusing on goals-based investing and comprehensive financial planning for individuals, families, and businesses. See if you qualify for a complimentary financial review from the Paynes Connect With Ryan, Bob, and Chris http://PayneCM.com  Follow on Twitter Follow on Facebook Follow on LinkedIn Subscribe on YouTube Follow on Instagram Subscribe to Payne Points of Wealth On Apple Podcasts, On Google Podcasts, On Spotify

Mysl investora
279: Jeremy Siegel - recese, inflace a pracovní trh v USA

Mysl investora

Play Episode Listen Later Jul 25, 2022 6:47


Každý všední den se v rámci podcastu MYSL INVESTORA můžete těšit na jedno odborné téma za světa investic a investičního poradenství. Tento podcast je projektem společnosti Sušánka & partneři a stojí za ním majitel a investiční poradce společnosti Jan Sušánka, EFP. Jan Sušánka, EFP je investiční poradce zabývající se honorovaným investičním poradenstvím, s odměnou převážně ze zisku pro poradenskou společnost/poradce. Specializuje se na bonitní klientelu, která investuje jednotky až stovky milionů. V dnešním podcastu  se dozvíte: Jeremy Siegel - recese, inflace a pracovní trh v USA. Hodnocení současné situace v USA a možný výhled do budoucna. Pokud máte nějaké téma, které byste chtěli zodpovědět pošlete nám otázku do emailu  či zprávou přes linkedin. Pokud se vám dnešní téma líbilo, budeme rádi, když se přihlásíte k odběru či nám napíšete recenzi. Můžete nás také sledovat na YouTube kanále Jan Sušánka, EFP. Také můžete navštívit naše webové stránky https://jansusanka.cz/ a poslechnout si další podcasty či dostávat informace ze světa investic či investičního poradenství. Pokud uvažujete o investování svých volných prostředku či chcete sestavit investiční portfolio pro vytvoření a čerpání pasivního příjmu, domluvte si nezávaznou konzultaci zdarma v sekci privátní zóny: https://jansusanka.cz/nezavazna-konzultace/. Přihlášení do členské sekce zde: https://jansusanka.cz/investice/clenska-sekce/ Společnost upozorňuje, že investování na kapitálových trzích je spojeno s rizikem ztráty a že minulá výkonnost není zárukou budoucích výnosů. Podrobnější informace o rizicích klient vždy obdrží před realizací investice. Update Description

Retire With Purpose: The Retirement Podcast
303: Professor Jeremy Siegel's Advice for Managing Money and Emotions in a Recession

Retire With Purpose: The Retirement Podcast

Play Episode Listen Later Jul 18, 2022 59:31


Today, I'm speaking with Professor Jeremy Siegel. Jeremy was the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania for many years and now is the Senior Investment Strategy Advisor to WisdomTree. He makes regular appearances to share his expertise on the state of our economy and financial markets. You've likely seen him on CNN and CNBC, or perhaps you've read his columns for Kiplinger's Personal Finance or Yahoo! Finance. Jeremy has been called one of the best stock watchers alive by a number of major media outlets. With interest rates and inflation seemingly out of control right now, Jeremy's expertise has been in great demand, and I'm thrilled to have the opportunity to have the man who identified what we now know as Siegel's paradox on the podcast. In this episode, you'll hear his thoughts on how we should be consuming the information that we see on TV and read online to make better decisions, the circumstances that have put us in what he defines as a “mild recession,” and the moves he's making at WisdomTree, where he's been managing funds for almost twenty years and so much more! In this podcast interview, you'll learn: Why Jeremy doesn't believe the markets are anywhere near as overvalued as they were at the height of the 2000-era dot com bubble. How to consume information about the markets to make better investment decisions. Why markets overreact to both upturns and downturns in our economy. Why so many mutual funds underperform against the index–and how to seek out passive and low-cost growth opportunities. Why real estate has historically been much more volatile than it looks right now and may be a poor choice for diversification. Show Notes: RetireWithPurpose.com/303 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

Wharton Business Radio Highlights
Wharton's Jeremy Siegel: I Don't See a Slowdown in Inflation Until 2024

Wharton Business Radio Highlights

Play Episode Listen Later May 12, 2022 11:50


Wharton Finance Professor Jeremy Siegel explains why we have had much more inflation than the official statistics indicate, why we will continue to see high inflation throughout 2022 and into 2023, and how it is impacting the markets. See acast.com/privacy for privacy and opt-out information.

Knowledge@Wharton
Fighting Inflation: Why the Fed Needs to Be More Aggressive

Knowledge@Wharton

Play Episode Listen Later May 10, 2022 11:50


Wharton's Jeremy Siegel says that high inflation will last until 2024 and the Fed is playing catch-up with its late response. See acast.com/privacy for privacy and opt-out information.

Closing Bell
Closing Bell Overtime: Does the rally have legs? 3/24/22

Closing Bell

Play Episode Listen Later Mar 24, 2022 44:01


Wharton professor Jeremy Siegel on where the market is headed next with Joe Terranova from Virtus Investment Partners and Lisa Shallet from Morgan Stanley. Plus, is retail the most underappreciated market opportunity right now? Portfolio manager Avery Sheffield from Rockefeller Capital Management gives us her top stock picks. And, Michael Santoli unveils a new acronym for tech.

The Scrum
When Baker Leaves, Can Bakerism Abide?

The Scrum

Play Episode Listen Later Feb 20, 2022 28:30


Governor Charlie Baker's second and final term is nearing its end, but the governor has a developing plan to shape Massachusetts politics for years to come. The Boston Globe's Emma Platoff and Politico's Lisa Kashinsky join Adam Reilly to discuss that topic. Also on the conversational agenda: Danielle Allen's gubernatorial exit and critique of the #mapoli status quo, the pending reopening of the Massachusetts State House, Mayor Michelle Wu's potentially problematic inaugural fundraising, and Wu's determination to continue engaging with her sharpest critics. Plus, GBH News's new Morning Edition hosts, Paris Alston and Jeremy Siegel, talk with Adam about what they think makes Massachusetts politics different—and how they plan to cover it differently.

Boston Public Radio Podcast
BPR Full Show: Love Advice

Boston Public Radio Podcast

Play Episode Listen Later Feb 14, 2022 165:16


Today on Boston Public Radio: Dr. Katherine Gergen-Barnett takes questions from listeners on the latest mask guidance from the state, when to replace your mask, the importance of booster shots and more. Gergen-Barnett teaches in the family medicine department at Boston Medical Center and Boston University Medical School. Meredith Goldstein gives out Valentine's Day advice and takes listener calls on all things love. Goldstein is an advice columnist and features writer for the Boston Globe. Her advice column, “Love Letters,” is a daily dispatch of wisdom for the lovelorn that has been running for more than a decade. She also hosts the “Love Letters” podcast. Richard Blanco reads his favorite love poems, including his poem “Killing Mark,” his poem “Maybe” and “You Are Who I Love” by Aracelis Girmay. He's the fifth presidential inaugural poet in U.S. history. His latest book, “How to Love a Country,” deals with various socio-political issues that shadow the United States. Revs. Irene Monroe and Emmett G. Price III debrief last night's Super Bowl and the halftime show. Rev. Monroe is a syndicated religion columnist and the Boston voice for Detour's African American Heritage Trail. Rev. Price is founding pastor of Community of Love Christian Fellowship in Allston and the Inaugural Dean of Africana Studies at Berklee College of Music. Together they host the All Rev'd Up podcast at GBH. Paris Alston and Jeremy Siegel introduce themselves as the new hosts of Morning Edition, and talk through this morning's headlines. Alston and Siegal are the new co-hosts of GBH's Morning Edition, which you can catch every weekday from 5 until 10 AM.  We end the show by asking listeners if they think playing sports can make you a better person.

The Investopedia Express with Caleb Silver
Ultra long-Term Investing with Jeremy Siegel

The Investopedia Express with Caleb Silver

Play Episode Listen Later Feb 7, 2022 31:41


The Wharton professor, and author of the seminal, "Stocks for the Long Run," joins the show to put the market's recent shakiness into long-term perspective, advice on how to build a portfolio today for any age, how to think about cryptocurrency, and his greatest investing influences. Plus, this Sunday's Super Bowl will break records for advertising sales and gambling revenue, but what's in it for the players besides glory? We break down the economics of the big game. See acast.com/privacy for privacy and opt-out information.

The Investopedia Express with Caleb Silver
Ultra long-Term Investing with Jeremy Siegel

The Investopedia Express with Caleb Silver

Play Episode Listen Later Feb 7, 2022 31:41


The Wharton professor, and author of the seminal, "Stocks for the Long Run," joins the show to put the market's recent shakiness into long-term perspective, advice on how to build a portfolio today for any age, how to think about cryptocurrency, and his greatest investing influences. Plus, this Sunday's Super Bowl will break records for advertising sales and gambling revenue, but what's in it for the players besides glory? We break down the economics of the big game.

Excess Returns
In Pursuit of the Perfect Portfolio with Stephen Foerster

Excess Returns

Play Episode Listen Later Jan 25, 2022 59:08


Investors are constantly searching for the perfect portfolio. Although it may be elusive, there are common principles that can allow all of us to get closer to it. We speak to Stephen Foerster, co-author of the new book "In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest" about some of those principles, and what some of history's best investors and researchers can teach us about them. Along with his co-author Andrew Lo, Stephen spoke to investing legends like Harry Markowitz, William Sharpe, Jeremy Siegel, Jack Bogle, Charley Ellis and Robert Shiller to capture their ideas on the construction of a perfect portfolio. We go through each of those interviews to identify the key lessons investors can learn from them. 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

The Real Investment Show Podcast

It's Martin Luther King Day, Markets are closed, and we're taking a break in the studio today. Here's a compilation show of segments from last weeks' programs we hope you will enjoy reviewing, including a discussion of why we need another holiday, the folly of Jerome Powell's monetary policy, and a discussion with Michael Lebowitz on comments from Jeremy Siegel about too much money, real assets, and stocks. Fun times. We'll see you Tuesday morning, live at 6:06am CST! SEG-1: Holidays & Jerome Powell SEG-2: Coffee Preferences; 2022 is not going to be '21  SEG-3: Jeremy Siegel: Too Much Money? SEG-4: Jeremy Siegel: Real Assets vs Stocks Hosted by RIA Advisors Chief Investment Strategist Lance Roberts w Portfolio Manager, Michael Lebowitz, CFA -------- Our Latest "Three Minutes on Markets & Money: Use the Rally to Rebalance--but to where?"https://www.youtube.com/watch?v=7mnjBFAUTV0&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1" https://www.youtube.com/watch?v=wTK8oInR8O0&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show, "Does One-Size Really Fit-All? Parts-1 & 2?" is here: https://www.youtube.com/watch?v=9rRGGyQS73A&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1799s -------- Register for the next Candid Coffee: https://us06web.zoom.us/webinar/register/9816369327340/WN_8UCalLNwRKOiI97F0L7pww -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRally #2022Market #MarketVolatility #BullishTrend #SmallBusinessDrivers #Markets #money #investing

Halftime Report
Trust the Rebound?

Halftime Report

Play Episode Listen Later Jan 12, 2022 44:35


Stocks marching higher. The major averages now up for the week. Scott Wapner and the Investment Committee debate if you should trust the rebound. Plus, Prof. Jeremy Siegel weighs in on the latest red-hot inflation data and tell us where he sees stocks headed from here. Also, financials getting ready to report earnings later this week and one big banks stocks getting two bullish calls ahead of it. And later, Jon Najarian reveals his latest trades in Unusual Activity.

Knowledge@Wharton
What's Ahead for the U.S. Economy in 2022

Knowledge@Wharton

Play Episode Listen Later Jan 11, 2022 10:40


Stock prices will keep climbing this year but slow their pace and interest rate increases are overdue says Wharton's Jeremy Siegel. See acast.com/privacy for privacy and opt-out information.

Knowledge@Wharton
What's Ahead for the U.S. Economy in 2022

Knowledge@Wharton

Play Episode Listen Later Jan 11, 2022 10:40


Stock prices will keep climbing this year but slow their pace, and interest rate increases are overdue, says Wharton's Jeremy Siegel.

Behind the Markets Podcast
Behind The Markets Podcast: Greg Valliere

Behind the Markets Podcast

Play Episode Listen Later Jan 7, 2022 33:41


Show from 1/7/21Wharton Finance Professor Jeremy Siegel kicks off the new year with his market projections. The professor discusses the 10 year bond breaking through its previous high and hitting 180, WTI touching 80, and the possibility of the fed slowing the inflation rate. Then Hosts Jeremy Schwartz and Jeremy Siegel bring on a Fed expert. They talk about environmental proposals, more funding for universal pre-kindergarten, fiscal stimulus, the COVID response, the regulatory climate, and more.Guest:Greg Valliere – Chief U.S. Policy Strategist at AGF InvestmentsFor more on AGF Investments visit their website: https://www.agf.com/us/index.jsp Follow AGF on Twitter: @agf Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz See acast.com/privacy for privacy and opt-out information.

Wharton Business Radio Highlights
Jeremy Siegel: The Fed is Way Behind the Curve & Will Need to Get More Aggressive in 2022

Wharton Business Radio Highlights

Play Episode Listen Later Jan 4, 2022 10:40


Wharton Finance Professor Jeremy Siegel talks about the markets in 2021 and his predictions for 2022. See acast.com/privacy for privacy and opt-out information.

1號課堂
EP46 | 新加坡將允許「SPAC」掛牌上市,在亞洲主要金融市場中創下首例,該如何看待SPAC未來發展? / 美國8月份就業數據不佳,看來經濟情況確實不如預期。停滯性通貨膨脹會不會真的來臨?

1號課堂

Play Episode Listen Later Sep 7, 2021 16:45


一週財經聚焦 一、9月2日,新加坡將允許所謂「SPAC」(空白支票公司)掛牌上市,在亞洲主要金融重鎮中創下首例,也再一次敲響了這本追逐戰的戰鼓。怎麼看待SPAC發展狀況? 國際媒體相關報導 ●Financial Times倫敦金融時報:〈Singapore exchange to allow Spac listings〉(新加坡交易所允許Spac上市) ●CNBC:〈The fall of the SPAC market has digital media companies in disagreement about best path forward〉(SPAC市場的下滑,讓數位媒體公司在最佳前進道路上存在分歧) ●New York Times紐約時報:〈A SPAC Counterattack〉(一個SPAC的反擊) 分析解讀 不管Delta怎麼肆虐,不管各國經濟何去何從,不管會不會有通貨膨脹…..過多的資金仍然在追逐過少的未來項目。雖然美國SPAC看似放慢了速度,但亞洲資本市場的熱度仍然方興未艾。 大家都知道SPAC其實行之有年,這兩年突然異軍突起其實其來有自,就是資金太過浮濫。從你必須戰戰兢兢把企業做好才有資格遞交上市,到如今先給你一張空白支票再開始思考怎麼幹企業,後續的各種匪夷所思還將層出不窮! 這就是為什麼Delta仍在肆虐,新加坡交易所(SGX)卻還是頂著逆風,公佈了SPAC新規定。但是,與此同時,美國主管當局卻正加強監管這類投資工具。 其實星交所在3月啟動公眾諮詢過程,歷經數月徵詢投資公司、銀行、律師等方面的意見後,如今訂出一套管理架構,對原先的規章草案做出一些修正。星交所法規監管部門執行長陳文生(Tan Boon Gin)說:「我們希望這種SPAC程式能吸引優質目標公司來SGX掛牌,提供投資人更多選擇與機會。」也就是,他希望全球資本能前進新加坡,使其成為金融中心。 眾所周知,SPAC是一種沒有營運業務的空殼公司(shell company),成立後,先透過首次公開發行股票(IPO)募集資金,然後物色有前景的未上市公司並加以收購,形同讓被併購的公司借殼上市。 支持者宣稱這比IPO更有效率,前些時候在華爾街蔚為風潮,但自從今年4月美國證管會(SEC)對SPAC採取更批判的態度後,已冷卻這股SPAC熱潮。 如今,新加坡成為亞洲第一個允許空白支票公司上市的重要金融中心。儘管韓國和馬來西亞也都允許SPAC上市,但根據Dealogic數據,這兩個國家已多年沒有一樁SPAC交易。 修改過後,新交所的SPAC市值門檻與美國標準更加一致。新交所表示,一方面要吸引高質量發起人,一方面要確保未來與SPAC合併的企業維持一定規模,對上市SPAC的最低市值要求,在這兩者之間取得平衡。 具體來看,新交所的SPAC框架主要涵蓋以下特點: 1.SPAC上市時市值不可低於1.5億新元。 2.SPAC必須在上市後的24個月內完成併購交易。如符合相關規定條件,期限可延長最多12個月。 3.在SPAC上市到併購交易後六個月內,發起人股份處於鎖股期。 4.根據SPAC的市值規模,發起人必須在SPAC上市時認購不低於2.5%至3.5%的股份(股票、單位或認股權證)。 5.只有獲得過半數獨立董事的批准和過半數股東的投票支持,才能進行併購交易。 6.股東所持有的認股權證可以與普通股分離,認股權證行權導致的股東稀釋影響不得超過50%。所有獨立股東均享有贖回權。 值得注意的是,新交所放行SPAC的大背景,是去年至今年一季度華爾街曾掀起一股SPAC熱潮;但隨後美國證券交易委員會(SEC)更具批評性的態度,已導致SPAC上市速度放慢。 4月12日,SEC表示正在制定一項新的指導方針,此前向早期交易投資者(如空白支票公司)發放的認股權證將不再被視為權益工具,同時從會計角度而言,認股權證可能從此前股本轉為負債。這種潛在的會計規則變更可能會對SPAC市場造成巨大打擊,SPAC審查要求低、速度快的優勢可能會蕩然無存。 一系列監管重拳,果然讓美國SPAC熱潮退卻。Dow Jones Market Data對SPAC Research數據所做的分析顯示,在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%,一場廣泛的拋售已經把藉助SPAC上市的公司市值抹去了約750億美元,上個月市值回落幅度更是一度超過1000億美元。這項分析不包括到2月中旬尚未完成合併的公司,也不包括已經退市的公司。在已經宣佈合併但尚未完成交易的SPAC中,約75%的股價低於上市價格。 但不可否認,在美國以外,不少地區仍對SPAC展現了不小熱情。7月27日英國宣佈放寬SPAC上市規則,以藉此吸引更多SPAC上市。 英國金融市場行為監管局(Financial Conduct Authority)表示,將不再要求SPAC在披露交易計劃時暫停上市,這一規定被視為推動SPAC在英國上市的信號,同時SPAC在首次上市時需要籌集的最低金額,也從2億英鎊降低到1億英鎊。 同期,一隻追蹤近期通過首次公開募股(IPO)上市的公司的交易所交易基金(ETF)下跌12%,道瓊斯指數則上漲13%。 像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金,以及許多對沖基金、養老金管理公司和其他一些投資者,都在SPAC的回落中遭受了衝擊,他們在去年年底開始的熱潮中競相投資SPAC,而美國的SPAC表現欠佳。 一些投資者說,今年夏天SPAC被打回原形是一個不可避免的結果,許多與SPAC合併的公司收入很少,卻有數十億美元甚至更高的估值。有多起電動汽車初創公司就如此,他們在SPAC交易中誤導投資者的事件引起高度關注,而這些公司的財務業績卻乏善可陳,也難怪最近幾個月,監管機構加強了對這一行業的審查。 電影《大賣空 (The Big Short)》原型、著名大空頭 Michael Burry在8月15日於推特上表示,美股現在正處在「歷史上最大的泡沫當中」。 Burry在推特上也說到:「人們總是會問我現在市場上發生了什麼,這很簡單,股市正處在有史以來最大的投機泡沫當中,規模達到兩個數量級。」他還標注了標籤「FlyingPigs360」。 「FlyingPigs360」這個推特標籤,是引用了投資領域中的一句名言「牛市賺錢,熊市賺錢,但豬會被宰殺」,以此警告投資者不要太過貪婪,不要當被宰殺的豬。Burry指出,投資者目前太過貪婪,瘋狂投機,承擔太多風險,並追逐不切實際的回報。 Burry 在 4 月初時就曾對特斯拉、 GameStop、比特幣、狗狗幣、Robinhood、特殊目的收購公司 (SPAC)、通貨膨脹和整體股市發出警告,他將比特幣、電動車和迷因股 (meme) 的炒作與網路泡沫和房地產泡沫相比,並在今年初時警告表示,美股正在「刀刃上跳舞」。 有「商品大王」之稱的著名投資人羅傑斯 (Jim Rogers) 在先前也警告表示,圍繞熱門股票的炒作、散戶投資熱潮,以及 SPAC 借殼上市公司數量大增,都表明了美股泡沫正愈來愈大。如果買入了泡沫股票,投資者可能永遠都不會賺到錢。 另一方面,羅傑斯也指出,債券市場肯定也處於泡沫之中。他看好黃金和白銀的價格上升,並且有興趣購買中國股票,因為比美國和大多數其他國家的股票更便宜。 我怎麼看呢? 現在的資本市場,從QE到紓困刺激方案,資金的確太多。資金當然會追逐有利可圖的目標,我承認,豬牛都上身當然不對的,但如果不錯的公司因為有了SPAC,使IPO的效應變高,我覺得SPAC仍有它的價值。 其中我觀察到以下幾個趨勢,提供你參考。 一、交易規模的中位元數顯著增長 在2021年第一季全球範圍內,創投所支持的公司在6,508筆融資交易案件中募集了1,269億美元。在第一季的所有融資交易輪次,交易規模的中位元數都大幅增長,D輪融資的中位數從2020年的6,000萬美元,增加到2021年第一季的1億美元。 二、交易速度加快,有助於推升估值 隨著全球投資者競相爭奪最大最好的交易,全球創業投資市場在2021年第一季呈現爆炸式的增長。由於許多公司都在進行IPO前融資,市場上似乎出現了大量的「錯失恐懼症」(FOMO,害怕錯失良機),因為投資者希望達成交易,激烈的競爭和無數輪的超額認購,大大加速了融資活動。 三、投資者持續關注疫情下受惠的行業,但「新常態」也即將到來 如2020年所示,COVID-19疫情並未讓創投資金趨緩,疫情實際上讓許多行業領域反而增加了創投資金的投入,因為投資者希望進入需求快速增長的科技公司,包括SaaS(Software as a Service)軟體服務,運送交付,以及以消費者為中心的廣泛數位化解決方案-從教育科技、遊戲到數位化醫療服務。 隨著疫苗的施打進度,許多投資者正在尋找更長期的機會,以確定可能在後疫情時代「新常態」中,蓬勃發展的公司和商業模式。 四、獨角獸的高速誕生 在全球範圍內,2021年第一季誕生了近100家獨角獸公司,這與歷史趨勢相比,是一個巨大的增長。在這些新的獨角獸公司中,美國占了一半以上,而中國的獨角獸數量也很可觀。 歐洲創投市場也不斷擴張,2021年第一季歐洲有八個地區誕生了近20家新的獨角獸公司,包括一些鮮為人知的創新中心,如奧地利(加密貨幣交易所Bitpanda)、土耳其(食品及雜貨配送平臺Getir)和瑞士(數位員工體驗平臺Nexthink)。 五、IPO出場金額連續二季創歷史新高 這是可想而知的。因為IPO市場放寬了、資金好拿了,當然IPO推出的績效也會更亮眼。新創公司出場活動持續激增,在2021年第一季的667筆出場交易中,出場金額達到破紀錄的2,840億美元,而在2020年全年的2,219筆出場交易中,出場總金額為4,720億美元。 六、SPAC的狂熱仍在持續-,並開始在美國以外的地區擴散 人們對SPAC的狂熱幾乎呈現指數級增長,全球各地的公司都在考慮如何應對最近幾季在美國形成的這種現象。在2021年第一季期間還有大量的SPAC案件,前提是,公司的體質不錯。許多的公司紛紛宣佈了在第一季通過SPAC合併、反向收購達成上市的計劃。與傳統的IPO相比,許多新創公司將SPAC視為一種更快上市的方式。 值得關注的領域,我觀察到有以下幾個熱門領域: 1, 投資新興技術公司的機會將繼續存在,包括生命科學和生物技術公司。 風險投資人Gates還認為,專注於心理健康、降低醫療健康服務成本和為零工工作者提供福利的技術領域存在很多機會。另外,她表示,將出現一波新的勞動力發展工具,專注於對疫情期間失業者、或工作被技術取代者的再培訓。 2, 其他值得關注的領域包括氣候科技、機器學習和人工智慧(AI),以及清潔(能源)技術 因為美國總統喬·拜登(Joe Biden)承諾實施必要的變革,以儘量減少全球氣候變暖的影響。 3, 未來將出臺更多監管規定 這可能意味著針對網絡安全、私隱、反壟斷、貿易和稅收等領域,市場上將出現相應的解決方案。 4,為富裕家庭和高淨值個人管理資金的非上市公司等非傳統投資者,會將更多資金投向關注ESG社會服務的企業。 所以綠能相關產業,也可望拿到更多資金。 無論如何,以前獲得資金「只有兩種方法」,不是銀行就是IPO市場;而現在,有這麼多其他類型的資金可以滿足你的需求。疫情過後,未來的市場肯定大不相同,創始人需要拋開舊有模式,找到其他方式來讓他們的初創企業走向世界。 二、美國勞工部3日公佈,8月非農就業人數僅增23.5萬人,遠低預期72萬人,以及修正後的105.3萬人。看來經濟情況確實不如預期,通貨膨脹卻是欲罷不能,停滯性通貨膨脹會不會真的來臨? 國際媒體相關報導 ●CNBC:〈Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000〉(就業報告令人失望,僅增加了235,000個職位,而原本預期為720,000) ●The Wall Street Journal華爾街日報:〈What Every Investor Should Understand About tagflation—but Often Doesn't〉(每個投資者都應該瞭解滯脹—但可惜通常不瞭解) ●BARRONS巴倫周刊:〈Is the Stock Market in a Bubble? Don't Bet on It.〉(股市有泡沫嗎? 不要押注它。) 分析解讀 美國8月非農業數據大爆冷,令人失望,但專家日前表示,相對而言,即將出爐8月通膨數據更重要,且對美股的衝擊更大。 經濟歷史學家回憶起1960年的大通膨時代,日前賓州大學商學院知名金融教授席格爾(Jeremy Siegel)表示,雖然市場關注8月非農就業數據,但相較之下,8月的通膨數據對美股的衝擊可能會更大,「就我個人觀點來看,8月的通膨數據比非農就業數據更為重要,因為通膨一旦超出預期,Fed將不得不採取更激進的行動」。 停滯性通膨 (stagflation) ,是指經濟成長停滯與通膨同時存在,而一國的經濟成長趨緩,物價持續攀升,造成企業獲利衰退和民間消費支出萎縮、失業率攀升等經濟負面現象。 即使聯準會主席鮑爾(Jerome Powell)多次公開表示,目前的通貨膨脹是短暫現象,居高不下的數據將隨著時間而緩解,不會讓金融市場陷入難以挽回的失控狀況。儘管如此,有專家認為,現在的經濟政策與通貨膨脹將引發嚴重的債務危機,債券、信貸及股票市場將出現崩潰。 不過,有「末日博士」之稱的紐約大學經濟學教授魯比尼(Nouriel Roubini),近日針對經濟現況發表看法,「儘管政府採取很多刺激政策,但通膨數據正在增加,而經濟成長卻開始放緩,這讓美國距離停滯性通貨膨脹越來越近。」 魯比尼補充說道,「在此環境下,若供應鏈的負面狀況遲遲未解決,會導致像1970年代的停滯性通貨膨脹爆發,導致嚴重的債務危機。」此外,魯比尼認為,「Delta變種病毒持續影響全球經濟,且聯準會提出的寬鬆貨幣政策,可能會導致債券、信貸及股票市場崩潰。」 事實上,當前持續寬鬆的貨幣、信用和財政政策組合將過度刺激總需求、導致通膨過熱,讓問題更複雜的是,中期的負面供應震撼將降低潛在成長並提高生產成本。隨著諸多不利因素接踵而至,這些需求和供應動態可能導致像1970年代的停滯性通膨(stagflation),最終甚至釀成嚴重的債務危機。 事實上,有多種因素造成今年夏季的輕微停滯性通膨。首先,Delta變種新冠病毒暫時提高了生產成本、降低了產量成長,並且限制了勞工供應。 另外,許多勞工仍在領取即將於9月到期的加碼失業救濟金,不願重返工作場所,尤其現在Delta正到處肆虐。在生產面,Delta正在擾亂許多服務業的重新開張,並且破壞全球供應鏈、港口和物流系統。 如果市場對經濟和通膨的樂觀看法真的錯了? 例如,到年底時,美國的核心通膨率可能仍接近4%。從拜登政府的刺激計畫、以及歐元區經濟體明年仍可能出現巨額財政赤字來看,總體經濟政策也可能維持寬鬆。歐洲央行和許多其他先進經濟體央行仍將致力於拉長非傳統政策的實施時間。 儘管Fed正在考慮逐步縮減量化寬鬆(QE)規模,但可能會保持鴿派立場。Fed就和多數央行一樣,近年來已政府和民間負債的GDP佔比急升,墜入一場「債務陷阱」。即使通膨持續盤旋在目標值以上,但過早縮減QE可能導致債券、信用和股票市場崩跌,致使經濟硬著陸,可能迫使Fed改弦易轍並且恢復QE。 而中期的停滯性通膨正步步進逼。 從中長期來看,負面的供應震撼可能會持續下去。至少已能辨識出九個負面因素,包括全球化和保護主義抬頭的趨勢、供應鏈的巴爾幹化與回流本國、先進經濟體和主要新興市場的人口老化、更嚴格的移民限制正在阻礙移民遷移、美中冷戰方興未艾,且可能使全球經濟支離破碎、氣候變遷正在擾亂農業,並導致糧食價格飆升。 此外,全球疫情持續延燒,勢將導致更多國家追求關鍵商品和材料的自給自足,並實施出口管制。再加上前述的九個不利因素,通膨陰影就顯而易見。 讓我們回顧一下,美國1974~1982年的通貨膨脹是怎麼來的。這九年的通膨率都在11.0%~5.8%之間,連續九年高通膨、低成長,這是二戰之後最長的通膨期間,被經濟學家稱為停滯性通膨(stagflation)。 這一波美國通膨的疑慮除了來自原油,不少人認為貨幣供給過於泛濫也是原因,隨著去年無限量化寬鬆(QE)為市場注入3.7兆美元,美國的貨幣供給M2年增率月月逾20%,這自然讓人想起經濟學家弗裡曼的名言:「通膨,就是過多的貨幣追逐過少的商品。」然而,貨幣到底是追逐商品形成通膨?還是追逐股價造成泡沫,還很難說。 1986~1988年台灣連續三年貨幣供給M2年增率達到20%,當年不少學者也擔心通膨又將捲土重來,結果這三年的平均通膨率僅0.8%,完全沒有通膨,錢全跑去炒股、炒房了。 美、歐及台灣近期都面臨通膨壓力,是該小心因應,惟這個壓力尚不至形成恐慌,也不可能重演1980年代的停滯通膨。 《經濟學人》總評 這期的經濟學人封面設計,讓我們看見一座象徵言論自由的演講台,被萬箭穿心的傷痕累累。上面一排大字:「The threat from the illiberal left」(來自狹隘左傾的威脅)。 經濟學人本週的封面故事用了四篇文章,提出警告:古典自由主義正在遭受重大的威脅。一個危險來自川普主義的右翼,但來自左邊的攻擊更令人驚訝,而且更難掌握。 從表面上看,像《經濟學人》這樣信奉古典自由主義者,看起來跟狹隘左翼者有點類似,兩者都認為無論個人的性取向或種族是什麼,人們都應該自由發展。他們都質疑權威和那些記得利益者,他們始終相信改變是被需要的。 然而,古典自由主義者和狹隘進步主義者,對於該如何實現這些事情有著自己的堅持。古典的自由主義者認為,駕馭好分裂世界中的顛覆性變革,最佳方式就是通過對個人尊嚴、開放市場和有限權力政府的普世承諾。而狹隘的左派,更願意透過不讓他們的敵人建立平臺,並取消已經違規的盟友,來加強意識形態的純潔性,經濟學人認為,這個賭注真的太大了。 聽到這裡,你可能認為這是一個討論政治思潮衝擊的文章,但看完這四篇文章你會發現,它主要想傳達的是擔心—這個世界對於真象跟現實,已經越來越不在意。 Powered by Firstory Hosting

New Books in Business, Management, and Marketing
Andrew W. Lo and Stephen R. Foerster, "In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest" (Princeton UP, 2021)

New Books in Business, Management, and Marketing

Play Episode Listen Later Aug 2, 2021 61:37


Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio (Princeton UP, 2021) examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today's investors. Inspiring such monikers as the Bond Guru, Wall Street's Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without. Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

New Books in Economic and Business History
Andrew W. Lo and Stephen R. Foerster, "In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest" (Princeton UP, 2021)

New Books in Economic and Business History

Play Episode Listen Later Aug 2, 2021 61:37


Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio (Princeton UP, 2021) examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today's investors. Inspiring such monikers as the Bond Guru, Wall Street's Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without. Marshall Poe is the founder and editor of the New Books Network. He can be reached at marshallpoe@newbooksnetwork.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A Drive Into Deep Left Field
Episode 32 - The Yankees Episode ft Jeremy Siegel, Carlos Beira, and Gary Sanchez Resurgence Bandwagon

A Drive Into Deep Left Field

Play Episode Listen Later Jul 2, 2021 107:17


In the 32nd Episode of the Deep Drive Pod, we have a Yankees Special since they suck really hard. We have three fantastic guests come on to talk Yankees with Jeremy Siegel, Carlos Beira, and Gary Sanchez Resurgence Bandwagon.

Wall Street Vision - Investing Podcast
17. A Guide to the Nifty Fifty Stocks & Lessons From Their Boom and Bust

Wall Street Vision - Investing Podcast

Play Episode Listen Later Jun 7, 2021 13:51


The late 60's and early 70's were the "go-go" years on Wall Street. You had a massive boom in the number of young people joining the investment industry, and there was a group of 50 companies called the Nifty Fifty. These were supposed to be "one decision companies" that you could buy at any price and still get rich. The logic was that their amazing earnings growth would make up for their high price... Well, it didn't quite turn out like that. Check out this episode for the lessons from their boom and bust. We'll also take a look at Jeremy Siegel's research on their Nifty Fifty (which might shock you!) Sources: https://www.investopedia.com/terms/n/niftyfifty.asp https://www.cnbc.com/2018/11/28/lessons-from-the-nifty-fifty-in-the-1970s-could-be-applied-to-fang.html https://www.stewartinvestors.com/all/insights/stap/nifty-fifty.html https://medium.com/@equityschool/nifty-fifty-stock-bubble-of-the-seventies-is-there-a-similarity-with-today-s-market-34b19d7a4cff https://www.oaktreecapital.com/docs/default-source/memos/something-of-value.pdf https://awealthofcommonsense.com/2020/07/the-nifty-fifty-and-the-old-normal/ http://csinvesting.org/wp-content/uploads/2015/03/valuing-growth-stocks-revisiting-the-nifty-fifty.pdf https://www.cnbc.com/2017/05/26/were-not-in-the-danger-zone-for-overheating-says-longtime-stock-bull-jeremy-siegel.html Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

The Lebenthal Report
On the Markets with Professor Jeremy Siegel (Part 2 of 2) | The Lebenthal Report Episode #14

The Lebenthal Report

Play Episode Listen Later Apr 14, 2021 51:38


On this episode of The Lebenthal Report, Dominick Tavella, Michael Hartzman and Jordan Kimmel speak with professor, investment professional and author, Jeremy Siegel. Guest bio: Professor Jeremy J. Siegel, WisdomTree's Senior Investment Strategy Advisor, is the Russell E. Palmer Professor of Finance at The Wharton School of the University of Pennsylvania. Professor Siegel has written and lectured extensively about the economy and financial markets and is a regular contributor to the financial news media. In 1994, he received the highest teaching rating in a ranking of business school professors conducted by BusinessWeek magazine. His book Stocks for the Long Run was named by The Washington Post as one of the 10 best investment books of all time. His latest book, The Future for Investors, is a bestseller.

Fieldpoints of View with Cameron Dawson and Johnny Gibson
Episode 3 (4/7/21): A Conversation with Professor Jeremy Siegel

Fieldpoints of View with Cameron Dawson and Johnny Gibson

Play Episode Listen Later Apr 7, 2021 68:17


Professor Jeremy Siegel joins Cameron and Johnny to discuss his current views on the economy and markets.  Professor Siegel dives into the impact of large fiscal and monetary stimulus on inflation, growth, and asset prices.Jeremy J. Siegel, is WisdomTree's Senior Investment Strategy Advisor.  He is the Russell E. Palmer Professor of Finance at The Wharton School of the University of Pennsylvania.  Professor Siegel has written and lectured extensively about the economy and financial markets and is a regular contributor to the financial news media.  In 1994, he received the highest teaching rating in a ranking of business school professors conducted by BusinessWeek magazine.  His book Stocks for the Long Run was named by The Washington Post as one of the 10 best investment books of all time. His latest book, The Future for Investors, is also bestseller.Johnny Gibson, CFA, CMT is Chief Investment Officer at Fieldpoint PrivateCameron Dawson, CFA is Chief Market Strategist at Fieldpoint PrivateFor more perspectives from Fieldpoint Private please visit: http://www.fieldpointprivate.com/What-We-Think Cameron Dawson and Johnny Gibson work for Fieldpoint Private and are Investment Advisors registered with Fieldpoint Private Securities. All opinions expressed by Cameron or Johnny or any podcast guest are solely their own opinion and do not reflect the opinion of Fieldpoint Private. This podcast is for informational purposes only and you are encourage to speak with an investment professional before making any investment decisions. It is possible that clients of Fieldpoint Private will have positions in the securities discussed in this podcast. Fieldpoint Private Securities is an SEC registered broker dealer and Registered Investment Advisor and is a member of FINRA.  This content is for informational purposes only and based on information available when created. It is not an offer or solicitation, nor is it tax or legal advice. It does not consider your financial circumstances, objectives or risk tolerance and could be unsuitable for you. Fieldpoint Private encourages you to speak with an investment professional before making any investment decisions.

The Lebenthal Report
On the Markets with Professor Jeremy Siegel (Part 1 of 2) | The Lebenthal Report Episode #09

The Lebenthal Report

Play Episode Listen Later Mar 10, 2021 51:14


On this episode of The Lebenthal Report, Dominick Tavella, Michael Hartzman and Jordan Kimmel speak with professor, investment professional and author, Jeremy Siegel. Guest bio: Professor Jeremy J. Siegel, WisdomTree's Senior Investment Strategy Advisor, is the Russell E. Palmer Professor of Finance at The Wharton School of the University of Pennsylvania. Professor Siegel has written and lectured extensively about the economy and financial markets and is a regular contributor to the financial news media. In 1994, he received the highest teaching rating in a ranking of business school professors conducted by BusinessWeek magazine. His book Stocks for the Long Run was named by The Washington Post as one of the 10 best investment books of all time. His latest book, The Future for Investors, is a bestseller.

Money’s No Object with Dylan Howell- Podcast
STOCKS FOR THE LONG RUN: Books To Read In 2021 - MNO EPISODE 114

Money’s No Object with Dylan Howell- Podcast

Play Episode Listen Later Jan 7, 2021 27:31


Owning stocks is a vital part of the growing of long-term wealth from nothing for most individuals in the United States. Jeremy Siegel does a phenomenal job, in STOCKS FOR THE LONG RUN, of making the case for buying and holding stocks for many decades. This is quite the comprehensive work, and it tells us quite a bit about market history while still telling us a lot about what we can expect in the future from investing in the stock market. Through the use of empirical data about the stock market, this book makes a very convincing argument for stocks, and every investor that reads it can learn a lot from Professor Siegel. Today, we will discuss: 1. Why you should read Stocks For The Long Run 2. The main ideas of Stocks For The Long Run 3. The criticisms of this book that still come up shy of ending its legitimacy   Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1   Don't forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money's No Object with Dylan Howell) [All links in description]. Tune in tomorrow as I talk about the last book that I will suggest to you this week, Howard Marks' THE MOST IMPORTANT THING. Don't forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money's No Object. I'm Dylan Howell. God Bless!   Website: https://www.mnowithdylan.com/   Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/   Facebook: https://www.facebook.com/mnowithdylan/   Instagram Page: https://www.instagram.com/mnowithdylan/   Twitter: https://twitter.com/mnowithdylan     (Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)

FEG Insight Bridge
Getting Schooled with Professor Jeremy Siegel

FEG Insight Bridge

Play Episode Listen Later Jan 7, 2021 41:15 Transcription Available


We are excited to have professor, author, and investment professional, Jeremy Siegel, join us in the latest episode of our FEG Insight Bridge podcast!Jeremy is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He is a regular on CNBC, CNN, and NPR. Jeremy is probably best known for his best-selling book, Stocks for the Long Run. In addition to his storied academic career, Jeremy is also an advisor for Wisdom Tree Advisors.  Listen in as we tackle a myriad of topics ranging from 2021 equity markets outlook, the future of academia, to fundamental indexing.

Knowledge@Wharton
Jeremy Siegel: What's Ahead for the Stock Market?

Knowledge@Wharton

Play Episode Listen Later Nov 24, 2020 11:50


Encouraging news on a COVID-19 vaccine a good election outcome and strong liquidity are positive signs for the year ahead says Wharton's Jeremy Siegel. See acast.com/privacy for privacy and opt-out information.

The Retirement Matters Show
Ep. 14- WARNING to Bond Holders

The Retirement Matters Show

Play Episode Listen Later May 19, 2020 20:02


Dale discusses the headwinds that many investors will face in their fixed income portion of their retirement portfolio. This episode is based around Wharton's Jeremy Siegel delivering a warning to bond holders. He argues that total return may struggle as we see interest rates rise in the future. At R.D. Smothers Wealth Management we subscribe to this same ideology and lean on the power of annuities as an alternative for our fixed income portion of a balanced portfolio. Allocating to fixed indexed annuities in place of bonds may provide you exactly what you need in your "60/40 balanced portfolio"- security of principal with capital gain potential. Be sure to hang on until the end when we hear exactly what Mr. Seigel says all bond holders should be aware of. 270.600.PLAN

Knowledge@Wharton
Stock Shock: What Lies Ahead for Global Markets?

Knowledge@Wharton

Play Episode Listen Later Mar 10, 2020 16:54


As the double whammy of the coronavirus crisis and an oil price war roils global markets what should investors do? Wharton's Jeremy Siegel and Moody's Mark Zandi offer their insights. See acast.com/privacy for privacy and opt-out information.

Knowledge@Wharton
What Investors Need to Watch for in 2020

Knowledge@Wharton

Play Episode Listen Later Jan 7, 2020 47:42


Reduced central bank liquidity injections higher asset prices and increased volatility are some of the risks investors face in the year ahead according to Allianz's Mohamed El-Erian and Wharton's Jeremy Siegel. See acast.com/privacy for privacy and opt-out information.

Creating Wealth Real Estate Investing with Jason Hartman
1174: Falling Mortage Rates, Amazon Fulfillment Centers & a Trip to China

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Apr 17, 2019 33:50


Jason Hartman is joined today by Kerry and Carmen as he does one of his last shows from the United States for a little while. Jason and Carmen are off to mainland China and South Korea for a few weeks and they discuss what changes Carmen has seen among all her trips. The trio also look at what the Fed rate hikes and cuts have done to the investment real estate market, as it has created an interesting scenarios for buyers that could be very helpful. Finally, Jason has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company. Key Takeaways: [2:57] How much of the Fed's rate hikes have been in an attempt to "reload the gun" for the future? [6:11] What the apreciating US dollar is doing to investors around the globe [9:16] Rates are coming down currently but prices aren't rising, which means it's a good time to be buying real estate [12:28] Carmen's previous experiences in mainland China [18:03] Jason and Carmen's visit to the Amazon Fulfillment Center and an interview with a former employee [21:37] Amazon pickers are walking at least 10 miles a day to get orders together [23:22] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits [28:59] Jeremy Siegel's "Looming Asset Shortage" article Website: www.JasonHartman.com/Properties www.JasonHartman.com/Cruise