Podcast appearances and mentions of patrick o shaughnessy

Our guest this week is Patrick O’Shaughnessy. Patrick is the CEO of O’Shaughnessy Asset Management. He also is a portfolio manager at the firm. Prior to assuming his current role, Patrick served on O’Shaugnessy’s research and portfolio management teams. Patrick is the author of Millennial Money: How Young Investors Can Build a Fortune and was a contributing author to the fourth edition of What Works on Wall Street. Patrick is also the host of the popular Invest Like the Best podcast. He received his bachelor’s in philosophy from the University of Notre Dame and is a CFA charter holder.BackgroundBioO’Shaughnessy Asset ManagementCanvas Millennial Money: How Young Investors Can Build a FortuneWhat Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All TimeInvest Like the Best PodcastsESG“ESG the Right Way: Customization and Not Scale,” by Travis Fairchild, osam.com, October 2019.“Custom Indexing Leader Canvas Expands ESG/SRI Offering,” businesswire.com, March 9, 2021.“Investing in Environmental Protection,” by the OSAM Research Team, osam.com, April 2021.“Helping Financial Advisors Solve ESG Investing Challenges,” by Travis Fairchild, osam.com, March 2021.Factors and Custom Indexing “Combining the Best of Passive and Active Investing,” by Patrick O’Shaughnessy, advisorperspectives.com, March 6, 2013. “Alpha or Assets? Factor Alpha Vs. Smart Beta,” by Patrick O’Shaughnessy, osam.com, April 2016. “Combining the Best Stock Selection Factors by Patrick O’Shaughnessy at QuantCon 2016,” slideshare.net, April 14, 2016. “Factors From Scratch: A Look Back, and Forward, at How, When, and Why Factors Work,” by Chris Meredith, Jesse Livermore, and Patrick O’Shaughnessy, osam.com, May 2018."'Humans Love a Narrative. We Have Safeguarded Against That': Jim and Patrick O’Shaughnessy,” by Vicky Ge Huang, citywireusa.com, Dec. 6, 2018.“Introducing Canvas,” by Patrick O’Shaughnessy, osam.com, September 2019.“Custom Indexing: The Next Evolution of Index Investing,” by Patrick O’Shaughnessy, osam.com, December 2020.“O’Shaughnessy’s Quarterly Letter Q4 2019,” by Patrick O’Shaughnessy, osam.com, January 2020.Podcast and Reading “Chetan Puttagunta--Go Slow to Go Fast: Software Building and Investing,” Invest Like the Best With Patrick O’Shaughnessy, investlikethebest.com, Jan. 28, 2020.“Nick Kokonas—Know What You Are Selling,” Invest Like the Best With Patrick O’Shaughnessy, investlikethebest.com, Nov. 19, 2020.The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, by Morgan HouselThe Razor’s Edge by Somerset Maugham

My new book – Capital Allocators:  How the world’s elite money managers lead and invest – releases tomorrow. I’ve been on a bit of a podcast tour the last few weeks, appearing on some of my favorite shows. I thought it would be fun to share an interview about the book here, so I asked Patrick O’Shaughnessy to interview me for the show.   Our conversation covers the journey of the podcast itself and lessons from the book about interviewing, leadership and investing.   Pick up a copy at Amazon, and if you like what you read, there’s more behind the podcast and the book.   All listeners can sign up for our free mailing list and receive a compilation of the top quotes from each of the first 150 episodes of the show.   And for those interested in more, our premium content includes a weekly email, further connectivity to guests on the show, and a whole lot more.   Sign up for both at capitalallocatorspodcast.com.   Learn More Subscribe: Apple | Spotify | Google   Follow Ted on twitter at @tseides or LinkedIn Subscribe Monthly Mailing List  Read the Transcript 

On the final episode of The Compound Show in 2020, Josh talks to Patrick O'Shaughnessy, CEO of O'Shaughnessy Asset Management about the wildly successful launch of his firm's proprietary custom indexing platform, Canvas. Please see the disclaimer below.If you're enjoying the show, the best way to support it is to leave a rating or review: https://podcasts.apple.com/us/podcast/the-compound-show-with-downtown-josh-brown/id1456467014The opinions, viewpoints and analyses expressed herein are solely those of Patrick O’Shaughnessy of O’Shaughnessy Asset Management, LLC and should not be regarded as opinions or advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. O’Shaughnessy Asset Management LLC is a sub advisor and independent money manager for Ritholtz Wealth Management. CANVAS® is a registered trademark of O’Shaughnessy Asset Management LLC. Ritholtz Wealth Management manages its clients’ accounts using a variety of investment techniques and strategies, in addition to CANVAS®, which are not necessarily discussed in the commentary. The views reflected in this commentary are subject to change at any time without notice. Nothing in this podcast constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Ritholtz Wealth Management is a Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where Ritholtz Wealth Management and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Ritholtz Wealth Management unless a client service agreement is in place. Ritholtz Wealth Management clients may also be charged fees for their investments that are allocated to O’Shaughnessy Asset Management LLC. The terms and conditions under which the client shall engage the third party investment advisory firm shall be set forth in a separate agreement between the client and O’Shaughnessy Asset Management LLC. See acast.com/privacy for privacy and opt-out information.

Guest: Partick O'Shaughnessy aka “Dr. O”Ever wondered what  managing one of the largest organizations on the east coast serving the front lines of Covid-19  is like?  Patrick O Shaughnessy is that man. This is an exciting episode unpacking any myths around Covid-19 while discussing what it is really like on the front lines of the biggest global pandemic of our lifetimes.Intro: Dr. O is the Executive Vice President and Chief Clinical Officer of Catholic Health Services in Long Island, a 6 hospital, 3 billion dollar system that serves 25% of the population of Long Island. He's an expert in High Reliability in Healthcare and patient safety. In his career and to this day he's straddled the clinical, administrative and political sides of the healthcare industry.He has a show on two networks called Dr. O, Faithfully Transforming Healthcare. He's got two girls in his life, his wife Mia and his daughter Brooke. He's a doctor, a fellow pilot, and most importantly, he's been on front lines of Covid-19 from day one, and as we all know, this remains the biggest challenge facing individuals and companies today. Important topics on the Show -What's real, what can we believe about Covid-19? -What do we know now that we didn't know before? -Someone who is not at high risk, what should we be thinking in this phase? -How have you fared during this time? -What's the BIGGEST thing you've learned in this time?-What's the biggest CHALLENGE you've faced in this time? -Resilience & Overcoming FatiguePlease find Patrick O'Shaughnessy here -Linkedin-https://www.linkedin.com/in/dr-patrick-m-o-shaughnessy-509a47102/Website -https://www.chsli.orgPlease follow John Foley here -Twitter - @JohnFoleyInc - https://bit.ly/2FRF3G9Instagram - @gladtobehere - https://bit.ly/2FRXo6a Facebook - @johnfoleyinc - https://bit.ly/33OBtVxLinkedin - @johnfoleyinc - https://bit.ly/33QtCGT Youtube - @JohnFoleyInc.- https://bit.ly/33NDpNZ   

Eric Anderson (@ericmander) and Jeremiah Lowin (@jlowin) discuss Prefect, a workflow management system and data orchestration tool under development as an open-source project. Jeremiah initially created Prefect to solve a technical challenge specific to his own work, but soon realized that it was appealing to a very wide range of different clients. Listen to today’s episode to learn why Jeremiah believes most attempts to build a unified framework for solving data orchestration fail. In this episode we discuss: Solving the “negative engineering problem” Learning from the complaints of data engineers at Apache Airflow The difficulty of having a product that serves two masters How COVID changed the direction of Prefect Links: Prefect Apache Airflow Why Not Airflow? People mentioned: Jim O'Shaughnessy (@jposhaughnessy) Patrick O’Shaughnessy (@patrick_oshag)

I was so appreciative of Patrick O'Shaughnessy for taking the time from hosting his widely successful investing podcast to join me on this episode of Panic. I’ve had the great pleasure of being a guest on Patrick’s podcast Invest Like the Best and now I have the opportunity to turn the tables on him. I guess you could call us podcast experts; although Patrick has been doing his since 2016 so he’s got a couple years on me. He had an unusual route that led him to finance, a success he attributes to his competitiveness and curiousness. As someone who talks to lots of investing and fintech people, it was great to pick Patrick’s brain on a number of topics, including what led him to start his podcast, the gaming market, advice for new investors and founders, the world of software and fintech and more. Of course, I had to end by asking the question he asks all his guests: “What is the kindest thing anyone has ever done for you?” You’ll have to listen to the episode to hear his answer! Guest - Patrick O’Shaughnessy, Principal & CEO at O’Shaughnessy Capital Management, Host of Invest Like the Best Podcast howardlindzon.com, osam.com  Twitter: @howardlindzon, @patrick_oshag, @InvestLikeBest, @knutjensen  linkedin.com/in/patrick-o-shaughnessy-cfa-6721176  #fintech #invest #investment #venturecapital #stockmarket #finance 

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss the show and Read the transcript Join Ted's monthly Mailing List Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast Book Links Phillip Shepherd, New Self, New World: Recovering Our Senses in the Twenty-First Century Joseph Campbell, The Hero with a Thousand Faces Jack Kornfeld, After the Ecstasy, the Laundry: How the Heart Grows Wise on the Spiritual Path Joseph Jastrab, Sacred Manhood Sacred Earth: A Vision Quest into the Wilderness of a Man's Heart

The guest of this episode is Alessandro Agostini, marketing director at Coty and passionate about investing. This episode should serve as a how to guide on personal finance and investing. We explore different assets in which you can invest what you need to keep in mind before you even start investing. The quote of the episode: “Pressing the buy button is probably one of the scariest decisions that you take because you don’t know what’s going to happen.” AlessandroAlessandro’s favourites:-A Wealth of Common Sens Blog by Ben Carlson https://awealthofcommonsense.com/-Patrick O’Shaughnessy’s Podcast http://investorfieldguide.com/podcast/-John Bogle Forum https://www.bogleheads.org/-Tim Ferriss, suggested reads: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef

You've made it to the end of Get Started Investing. We hope this series has helped you get started on your investing journey. In this final episode we are closing out the series by wrapping up the key themes and sharing some advice we have collected while doing the podcast. Just because the series has come to an end, doesn't mean your listening to the Equity Mates team has to. Come across to the Equity Mates Investing Podcast and continue your journey. We speak to experts, break down key concepts and discuss our own personal investing journeys. Investing is a journey best shared. Being able to talk about concepts and ideas is useful and motivating. The Equity Mates podcast and Equity Mates community is full of like-minded people looking to share their investing journey. Most importantly, good luck on your investing journey. The stock market has been history's greatest wealth creator and getting started investing can change your life. Whether it is retiring early, reducing reliance on your paycheque or upgrading your lifestyle - making the right decisions now can help you get there. In this episode you will learn: Three key messages we learnt from Patrick O'Shaughnessy: 1. Go Global - make sure you look outside Australia. The biggest share market in the world is the US; get involved 2. Be Different - don't always follow the crowd. For good returns, consider trying to be a bit different; rather than just ASX200 index, consider one that is for growth, or momentum, or emerging markets; having a mix is important 3. Get Out Of Your Own Way - automate what you can, be consistent; take the emotion out of buying and selling Stocks and resources discussed: • Millennial Money by Patrick O'Shaughnessy Want more? Subscribe to Equity Mates Investing Podcast, social media channels, Thought Starters mailing list and more. Equity Mates Investing Podcast is a part of the Diamantina Media Network - the home of Australia's favourite podcasts. For more information, visit http://diamantina.com.au/

To debut season 2 of Lindzanity, Howard is talking to Patrick O'Shaughnessy an American investor and the founder, Chairman, and Chief Investment Officer of O'Shaughnessy Asset Management, LLC, an asset management firm headquartered in Stamford, Connecticut. They discuss: - What is Patrick's podcast "Invest Like the Best" About? - Best episodes from his podcast - How does Patrick prepare for recording podcasts? - How does Patrick use Twitter? - How is his company O'Shaughnessy Asset Management ran? - Patrick's family - What "Quantitative" means within his company - Why data is important - What excites Patrick about the market now - Is Patrick interested in start ups? - If he were to invest in the early stages of a company, what sector would he invest in? - What inspired the idea of Canvas? - What is Canvas? - What excited him about Canvas the most? Connect with Patrick: Website: osam.com Twitter: @Patrick_OShag Linkedin: www.linkedin.com/in/patrick-o-shaughnessy-cfa-6721176

In this podcast, Dr. Patrick O'Shaughnessy joins us for a discussion on current trends in medicine, specifically involving public health and wellness. Dr. O'Shaughnessy is the executive vice president and chief clinical officer for the Catholic Health Services of Long Island.

Patrick O’Shaughnessy is the CEO of O’Shaughnessy Asset Management, the host of the Invest Like the Best podcast, and a great friend.  Patrick’s podcast and widely read monthly mailing list of books, available at investorfieldguide.com, have made him a celebrity of sorts in the investing world. Those familiar with his voice will already know how wide his curious mind travels, but I image far fewer know much about his daily investing activities. Our conversation begins with Patrick’s early start in the business and discovered passion for research. We turn to investing at OSAM, covering four core quantitative factors, how those factors work, the research process to dive deeper into each factor and explore new ones, machine learning, differentiated portfolio construction, and the impact of quants on the market.  We then turn to Patrick’s experience as a podcaster, discussing his conceptual learning loop, lessons from interviewing, and the ways he has applied lessons from the podcast to OSAM’s asset management business. We close by discussing investing in external managers, including a great nugget on probing quantitative strategies. Patrick and I both finished this conversation feeling that we had just scratched the surface, which might be fodder for a Part B down the road.  Regardless, I’m indebted to Patrick for being the catalyst behind the creation of Capital Allocators two years ago, and it was my great pleasure to get him on the other side of the microphone. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast

In mid-March, the payday lending industry held its annual convention at the Trump National Doral hotel outside Miami. Payday lenders offer loans on the order of a few hundred dollars, typically to low-income borrowers, who have to pay them back in a matter of weeks. The industry has been long been reviled by critics for charging stratospheric interest rates — typically 400% on an annual basis — that leave customers trapped in cycles of debt. The industry had felt under siege during the Obama administration, as the federal government moved to clamp down. A government study found that a majority of payday loans are made to people who pay more in interest and fees than they initially borrow. Google and Facebook refuse to take the industry’s ads. On the edge of the Doral’s grounds, as the payday convention began, a group of ministers held a protest “pray-in,” denouncing the lenders for having a “feast” while their borrowers “suffer and starve.” But inside the hotel, in a wood-paneled bar under golden chandeliers, the mood was celebratory. Payday lenders, many dressed in golf shirts and khakis, enjoyed an open bar and mingled over bites of steak and coconut shrimp. They had plenty to be elated about. A month earlier, Kathleen Kraninger, who had just finished her second month as director of the federal Consumer Financial Protection Bureau, had delivered what the lenders consider an epochal victory: Kraninger announced a proposal to gut a crucial rule that had been passed under her Obama-era predecessor. Payday lenders viewed that rule as a potential death sentence for many in their industry. It would require payday lenders and others to make sure borrowers could afford to pay back their loans while also covering basic living expenses. Banks and mortgage lenders view such a step as a basic prerequisite. But the notion struck terror in the payday lenders. Their business model relies on customers — 12 million Americans take out payday loans every year, according to Pew Charitable Trusts —  getting stuck in a long-term cycle of debt, experts say. A CFPB study found that three out of four payday loans go to borrowers who take out 10 or more loans a year. Now, the industry was taking credit for the CFPB’s retreat. As salespeople, executives and vendors picked up lanyards and programs at the registration desk by the Doral’s lobby, they saw a message on the first page of the program from Dennis Shaul, CEO of the industry’s trade group, the Community Financial Services Association of America, which was hosting the convention. “We should not forget that we have had some good fortune through recent regulatory and legal developments,” Shaul wrote. “These events did not occur by accident, but rather are due in large part to the unity and participation of CFSA members and a commitment to fight back against regulatory overreach by the CFPB.” This year was the second in a row that the CFSA held its convention at the Doral. In the eight years before 2018 (the extent for which records could be found), the organization never held an event at a Trump property. Asked whether the choice of venue had anything to do with the fact that its owner is president of the United States and the man who appointed Kraninger as his organization’s chief regulator, Shaul assured ProPublica and WNYC that the answer was no. “We returned because the venue is popular with our members and meets our needs,” he said in a written statement. The statement noted that the CFSA held its first annual convention at the Doral hotel more than 16 years ago. Trump didn’t own the property at the time. The CFSA and its members have poured a total of about $1 million into the Trump Organization’s coffers through the two annual conferences, according to detailed estimates prepared by a corporate event planner in Miami and an executive at a competing hotel that books similar events. Those estimates are consistent with the CFSA’s most recent available tax filing, which reveals that it spent $644,656 on its annual conference the year before the first gathering at the Trump property. (The Doral and the CFSA declined to comment.) “It’s a way of keeping themselves on the list, reminding the president and the people close to him that they are among those who are generous to him with the profits that they earn from a business that’s in severe danger of regulation unless the Trump administration acts,” said Lisa Donner, executive director of consumer group Americans for Financial Reform. The money the CFSA spent at the Doral is only part of the ante to lobby during the Trump administration. The payday lenders also did a bevy of things that interest groups have always done: They contributed to the president’s inauguration and earned face time with the president after donating to a Trump ally. But it’s the payment to the president’s business that is a stark reminder that the Trump administration is like none before it. If the industry had written a $1 million check directly to the president's campaign, both the CFSA and campaign could have faced fines or even criminal charges — and Trump couldn’t have used the money to enrich himself. But paying $1 million directly to the president’s business? That’s perfectly legal. *** The inauguration of Donald Trump was a watershed for the payday lending industry. It had been feeling beleaguered since the launch of the CFPB in 2011. For the first time, the industry had come under federal supervision. Payday lending companies were suddenly subject to exams conducted by the bureau’s supervision division, which could, and sometimes did, lead to enforcement cases. Before the bureau was created, payday lenders had been overseen mostly by state authorities. That left a patchwork: 15 states in which payday loans were banned outright, a handful of states with strong enforcement — and large swaths of the country in which payday lending was mostly unregulated. Then, almost as suddenly as an aggressive CFPB emerged, the Trump administration arrived with an agenda of undoing regulations. “There was a resurgence of hope in the industry, which seems to be justified, at this point,” said Jeremy Rosenblum, a partner at law firm Ballard Spahr, who represents payday lenders. Rosenblum spoke to ProPublica and WNYC in a conference room at the Doral — filled with notepads, pens and little bowls of candy marked with the Trump name and family crest — where he had just led a session on compliance with federal and state laws. “There was a profound sense of relief, or hope, for the first time.” (Ballard Spahr occasionally represents ProPublica in legal matters.)   In Mick Mulvaney, who Trump appointed as interim chief of the CFPB in 2017, the industry got exactly the kind of person it had hoped for. As a congressman, Mulvaney had famously derided the agency as a “sad, sick” joke. If anything, that phrase undersold Mulvaney’s attempts to hamstring the agency as its chief. He froze new investigations, dropped enforcement actions en masse, requested a budget of $0 and seemed to mock the agency by attempting to officially re-order the words in the organization’s name. But Mulvaney’s rhetoric sometimes exceeded his impact. His budget request was ignored, for example; the CFPB’s name change was only fleeting. And besides, Mulvaney was always a part-timer, fitting in a few days a week at the CFPB while also heading the Office of Management and Budget, and then moving to the White House as acting chief of staff. It’s Mulvaney’s successor, Kraninger, whom the financial industry is now counting on — and the early signs suggest she’ll deliver. In addition to easing rules on payday lenders, she has continued Mulvaney’s policy of ending supervisory exams on outfits that specialize in lending to the members of the military, claiming that the CFPB can do so only if Congress passes a new law granting those powers (which isn’t likely to happen anytime soon). She has also proposed a new regulation that will allow debt collectors to text and email debtors an unlimited number of times as long as there’s an option to unsubscribe. Enforcement activity at the bureau has plunged under Trump. The amount of monetary relief going to consumers has fallen from $43 million per week under Richard Cordray, the director appointed by Barack Obama, to $6.4 million per week under Mulvaney and is now $464,039, according to an updated analysis conducted by the Consumer Federation of America’s Christopher Peterson, a former special adviser to the bureau. Kraninger’s disposition seems almost the inverse of Mulvaney’s. If he’s the self-styled “right wing nutjob”  willing to blow up the institution and everything near it, Kraninger offers positive rhetoric — she says she wants to “empower” consumers — and comes across as an amiable technocrat. At 44, she’s a former political science major — with degrees from Marquette University and Georgetown Law School — and has spent her career in the federal bureaucracy, with a series of jobs in the Transportation and Homeland Security departments and finally in OMB, where she worked under Mulvaney. (In an interview with her college alumni association, she hailed her Jesuit education and cited Pope Francis as her “dream dinner guest.”) In her previous jobs, Kraninger had extensive budgeting experience, but none in consumer finance. The CFPB declined multiple requests to make Kraninger available for an interview and directed ProPublica and WNYC to her public comments and speeches. Kraninger is new to public testimony, but she already seems to have developed the politician’s skill of refusing to answer difficult questions. At a hearing in March just weeks before the Doral conference, Democratic Rep. Katie Porter repeatedly asked Kraninger to calculate the annual percentage rate on a hypothetical $200 two-week payday loan that costs $10 per $100 borrowed plus a $20 fee. The exchange went viral on Twitter. In a bit of congressional theater, Porter even had an aide deliver a calculator to Kraninger’s side to help her. But Kraninger would not engage. She emphasized that she wanted to conduct a policy discussion rather than a “math exercise.” The answer, by the way: That’s a 521% APR. A while later, the session recessed and Kraninger and a handful of her aides repaired to the women’s room. A ProPublica reporter was there, too. The group lingered, seeming to relish what they considered a triumph in the hearing room. “I stole that calculator, Kathy,” one of the aides said. “It’s ours! It’s ours now!” Kraninger and her team laughed.   *** Triple-digit interest rates are no laughing matter for those who take out payday loans. A sum as little as $100, combined with such rates, can lead a borrower into long-term financial dependency. That’s what happened to Maria Dichter. Now 73, retired from the insurance industry and living in Palm Beach County, Florida, Dichter first took out a payday loan in 2011. Both she and her husband had gotten knee replacements, and he was about to get a pacemaker. She needed $100 to cover the co-pay on their medication. As is required, Dichter brought identification and her Social Security number and gave the lender a postdated check to pay what she owed. (All of this is standard for payday loans; borrowers either postdate a check or grant the lender access to their bank account.) What nobody asked her to do was show that she had the means to repay the loan. Dichter got the $100 the same day. The relief was only temporary. Dichter soon needed to pay for more doctors’ appointments and prescriptions. She went back and got a new loan for $300 to cover the first one and provide some more cash. A few months later, she paid that off with a new $500 loan. Dichter collects a Social Security check each month, but she has never been able to catch up. For almost eight years now, she has renewed her $500 loan every month. Each time she is charged $54 in fees and interest. That means Dichter has paid about $5,000 in interest and fees since 2011 on what is effectively one loan for $500. Today, Dichter said, she is “trapped.” She and her husband subsist on eggs and Special K cereal. “Now I’m worried,” Dichter said, “because if that pacemaker goes and he can’t replace the battery, he’s dead.” Payday loans are marketed as a quick fix for people who are facing a financial emergency like a broken-down car or an unexpected medical bill. But studies show that most borrowers use the loans to cover everyday expenses. “We have a lot of clients who come regularly,” said Marco (he asked us to use only his first name), a clerk at one of Advance America’s 1,900 stores, this one in a suburban strip mall not far from the Doral hotel. “We have customers that come two times every month. We’ve had them consecutively for three years.” These types of lenders rely on repeat borrowers. “The average store only has 500 unique customers a year, but they have the overhead of a conventional retail store,” said Alex Horowitz, a senior research officer at Pew Charitable Trusts, who has spent years studying payday lending. “If people just used one or two loans, then lenders wouldn’t be profitable.” It was years of stories like Dichter’s that led the CFPB to draft a rule that would require that lenders ascertain the borrower’s ability to repay their loans. “We determined that these loans were very problematic for a large number of consumers who got stuck in what was supposed to be a short-term loan,” said Cordray, the first director of the CFPB, in an interview with ProPublica and WNYC. Finishing the ability-to-pay rule was one of the reasons he stayed on even after the Trump administration began. (Cordray left in November 2017 for what became an unsuccessful run for governor of Ohio.) The ability-to-pay rule was announced in October 2017. The industry erupted in outrage. Here’s how CFSA’s chief, Shaul, described it in his statement to us: “The CFPB’s original rule, as written by unelected Washington bureaucrats, was motivated by a deeply paternalistic view that small-dollar loan customers cannot be trusted with the freedom to make their own financial decisions. The original rule stood to remove access to legal, licensed small-dollar loans for millions of Americans.” The statement cited an analysis that “found that the rule would push a staggering 82 percent of small storefront lenders to close.” The CFPB estimated that payday and auto title lenders — the latter allow people to borrow for short periods at ultra-high annual rates using their cars as collateral —  would lose around $7.5 billion as a result of the rule. *** The industry fought back. The charge was led by Advance America, the biggest brick-and-mortar payday lender in the United States. Its CEO until December, Patrick O’Shaughnessy, was the chairman of the CFSA’s board of directors and head of its federal affairs committee. The company had already been wooing the administration, starting with a $250,000 donation to the Trump inaugural committee. (Advance America contributes to both Democratic and Republican candidates, according to spokesperson Jamie Fulmer. He points out that, at the time of the $250,000 donation, the CFPB was still headed by Cordray, the Obama appointee.) Payday and auto title lenders collectively donated $1.3 million to the inauguration. Rod and Leslie Aycox from Select Management Resources, a Georgia-based title lending company, attended the Chairman’s Global Dinner, an exclusive inauguration week event organized by Tom Barrack, the inaugural chairman, according to documents obtained by “Trump, Inc.” President-elect Trump spoke at the dinner. In October 2017, Rod Aycox and O’Shaughnessy met with Trump when he traveled to Greenville, South Carolina, to speak at a fundraiser for the state’s governor, Henry McMaster. They were among 30 people who were invited to discuss economic development after donating to the campaign, according to the The Post and Courier. (“This event was only about 20 minutes long,” said the spokesperson for O’Shaughnessy’s company, and the group was large. “Any interaction with the President would have been brief.” The Aycoxes did not respond to requests for comment.) In 2017, the CFSA spent $4.3 million advocating for its agenda at the federal and state level, according to its IRS filing. That included developing “strategies and policies,” providing a “link between the industry and regulatory decision makers” and efforts to “educate various state policy makers” and “support legislative efforts which are beneficial to the industry and the public.” The ability-to-pay rule technically went into effect in January 2018, but the more meaningful date was August 2019. That’s when payday lenders could be penalized if they hadn’t implemented key parts of the rule Payday lenders looked to Mulvaney for help. He had historically been sympathetic to the industry and open to lobbyists who contribute money. (Jaws dropped in Washington, not about Mulvaney’s practices in this regard, but about his candor. “We had a hierarchy in my office in Congress,” he told bankers in 2018. “If you were a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.”) But Mulvaney couldn’t overturn the ability-to-pay rule. Since it had been finalized, he didn’t have the legal authority to reverse it on his own. Mulvaney announced that the bureau would begin reconsidering the rule, a complicated and potentially lengthy process. The CFPB, under Cordray, had spent five years researching and preparing it. Meanwhile, the payday lenders turned to Congress. Under the Congressional Review Act, lawmakers can nix federal rules during their first 60 days in effect. In the House, a bipartisan group of representatives filed a joint resolution to abolish the ability-to-pay rule. Lindsey Graham, R-S.C., led the charge in the Senate. But supporters couldn’t muster a decisive vote in time, in part because opposition to payday lenders crosses party lines. By April 2018, the CFSA members were growing  impatient. But the Trump administration was willing to listen. The CFSA’s Shaul was granted access to a top Mulvaney lieutenant, according to “Mick Mulvaney’s Master Class in Destroying a Bureaucracy From Within” in The New York Times Magazine, which offers a detailed description of the behind-the scenes maneuvering. Shaul told the lieutenant that the CFSA had been preparing to sue the CFPB to stop the ability-to-pay rule “but now believed that it would be better to work with the bureau to write a new one.” Cautious about appearing to coordinate with industry, according to the article, the CFPB was non-committal. Days later, the CFSA sued the bureau. The organization’s lawyers argued in court filings that the bureau’s rules “defied common sense and basic economic analysis.” The suit claimed the bureau was unconstitutional and lacked the authority to impose rules. A month later, Mulvaney took a rare step, at least, for most administrations: He sided with the plaintiffs suing his agency. Mulvaney filed a joint motion asking the judge to delay the ability-to-pay rule until the lawsuit is resolved. By February of this year, Kraninger had taken charge of the CFPB and proposed to rescind the ability-to-pay rule. Her official announcement asserted that there was “insufficient evidence and legal support” for the rule and expressed concern that it “would reduce access to credit and competition.”   Kraninger’s announcement sparked euphoria in the industry. One industry blog proclaimed, “It’s party time, baby!” with a GIF of President Trump bobbing his head. Kraninger’s decision made the lawsuit largely moot. But the suit, which has been stayed, has still served a purpose: This spring, a federal judge agreed to freeze another provision of the regulation, one that limits the number of times a lender can debit a borrower’s bank account, until the fate of the overall rule is determined. As the wrangling over the federal regulation plays out, payday lenders have continued to lobby statehouses across the country. For example, a company called Amscot pushed for a new state law in Florida last year. Amscot courted African American pastors and leaders located in the districts of dozens of Democratic lawmakers and chartered private jets to fly them to Florida’s capital to testify, according to the Tampa Bay Times. The lawmakers subsequently passed legislation creating a new type of payday loan, one that can be paid in installments, that lets consumers borrow a maximum $1,000 loan versus the $500 maximum for regular payday loans. Amscot CEO Ian MacKechnie asserts that the new loans reduce fees (consumer advocates disagree). He added, in an email to ProPublica and WNYC: “We have always worked with leaders in the communities that we serve: both to understand the experiences of their constituents with regard to financial products; and to be a resource to make sure everyone understands the law and consumer protections. Educated consumers are in everyone’s interest.” For their part, the leaders denied that Amscot’s contributions affected their opinions. As one of them told the Tampa Bay Times, the company is a “great community partner.” *** Kraninger spent her first three months in office embarking on a “listening tour.” She traveled the country and met with more than 400 consumer groups, government officials and financial institutions. Finally, in mid-April, she gave her first public speech at the Bipartisan Policy Center in Washington, D.C. The CFPB billed it as the moment she would lay out her vision for the agency. Kraninger said she hoped to use the CFPB’s enforcement powers “less often.” She alluded to a report by the Federal Reserve that 40% of Americans would not be able to cover an emergency expense of $400. Her suggestion for addressing that: educational videos and a booklet. “To promote effective approaches to savings and particularly emergency savings,” Kraninger explained, “the Bureau recently launched our Start Small, Save Up initiative. It offers tips, tools and information to help consumers build a basic savings cushion and develop a savings habit. Later this year, we will be launching a savings ‘boot camp,’ a series of videos, and a very readable, informative booklet that serves as a roadmap to a savings plan.” Having laid out what sounded like a plan to hand out self-help brochures at an agency invented to pursue predatory financial institutions, she then said, “Let me be clear, however, the ultimate goal for the bureau is not to produce booklets and great content on our website. The ultimate goal is to move the needle on the number of Americans in this country who can cover a financial shock, like a $400 emergency.” Back at the Doral the month before her speech, $400 might not have seemed like much of an emergency to the payday lenders. Some attendees seemed most upset by a torrential downpour on the second day that caused the cancellation of the conference’s golf tournament. Inside the Donald J. Trump Ballroom, the conference buzzed with activity. The Bush-era political adviser Karl Rove was the celebrity speaker after the breakfast buffet. And the practical sessions continued apace. One was called “The Power of the Pen.” It was aimed at helping attendees submit comments on the ability-to-pay rule to the government. It was clearly a matter of importance to the CFSA. In his statement to ProPublica and WNYC, Shaul noted that “more than one million customers submitted comments opposing the CFPB’s original small-dollar loan rule — hundreds of thousands of whom sent handwritten letters telling personal stories of how small-dollar loans helped them and their families.” A couple of months after the Doral conference, Allied Progress, a consumer advocacy group, analyzed the new round of comments that were submitted to the CFPB in response to Kraninger’s plans. Because, the group said, the industry had been accused of submitting “duplicative comments” in the past, it searched for such repetitions in the latest round. In one sample of 26,000 comments, the group discovered that 27% of the statements submitted by purportedly independent individuals contained duplicative passages, all of which supported the industry’s position, and also included identical personal anecdotes. (Payday opponents have encouraged people to submit preprinted comments to the CFPB, but there’s no indication that they include matching personal details.) For example, Allied Progress reported that 221 of the comments stated that “I have a long commute to work and it’s better for me financially to borrow from Cash Connection so that I can still make it to work than to not take care of my car and lose my job because of absences.” There were 201 asserting that “I now take care of my parents and my children” and I “want to be able to enjoy life and not feel burdened by the additional expenses that are piling up.” Allied Progress said it doesn’t know “if these are fake people, fake stories, or form letters intentionally designed to read as personal anecdotes.” (Cash Connection couldn’t be reached for comment.) Taking account of public comments is the final task before Kraninger officially determines whether to put the ability-to-pay rule to death. Whatever she decides, it’s a likely bet that decision will be challenged in court, the CFSA will weigh in and the payday lenders will still be talking about it at next year’s annual conference. A spokesperson for the CFSA declined to say whether the event will be held at a Trump hotel.   Clarification: This article has been updated to clarify the methodology Allied Progress used in searching for duplicative comments to the CFPB and to explain how duplicative pro-payday-lender comments differed from efforts by anti-payday-loan advocates to encourage people to submit prewritten comments.  

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast

I’ve received several emails over the last bunch of months asking for my take on the investing world and the topics we cover on the show. Fortunately, I’ve had a chance to appear as a guest on a few other podcasts, and thought I would share some of those conversations from time to time. About a year and a half ago, Patrick O’Shaughnessy interviewed me to discuss the book I wrote on his amazing podcast, Invest Like the Best. The discussion quickly turned to a deep dive on hedge funds - past, present and future. We subsequently recorded two other conversations.  For the first, I asked him to interview me about the Buffett Bet. You can find that conversation on Episode 5. In the second, Patrick interviewed me alongside our friend and star micro private equity investor, Brent Beshore. You can find that entertaining conversation at Invest Like the Best, Episode 30. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast

Meb Faber joins the show to discuss his journey into Trend Following, where Trend Following funds have gone wrong in terms of attracting assets & growing AUM, why he started his company Cambria Investments and the difficulties that this involved, the perceived safety of US Treasuries, Mutual Funds vs ETFs, and a lot more. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Meb, Niels, Jerry & Moritz on Twitter: @MebFaber, @TopTradersLive, @RJparkerjr09 & @MoritzSeibert Feel free to leave an honest review on iTunes. Episode Summary 00:00 - Intro 1:30 - Weekly review 6:25 - Meb Faber’s backstory 10:15 - Jerry question: Why don’t CTAs have more AUM? 11:25 - Meb answer: Relates to branding/marketing; The word “futures” scares people; Allocator career risk in not following the herd plays a role (they don’t allocate much to CTAs) 16:50 - Mortiz question: When and why did you start your firm? 17:25 - Meb answer: See podcast 21:00 - Moritz question: Why do you think TF and value is a great blend? 21:50 - Meb answer: Best portfolio structure for the long-term. 28:00 - Niels question: Please talk about the perceived safety of US Treasuries (based on your research) and why you use a broader portfolio. 29:10 - Meb answer: See podcast 36:20 - Niels question: What needs to happen before Betterment (and others) embrace TF? 37:00 - Meb answer: A crisis or bear market could create interest; having US stocks stopped “working” for buy and hold could bring change as well (ex, Japanese stocks) 40:15 - Mortiz question: Why did you set up an ETF vs a mutual fund or another vehicle? 41:00 - Meb answer: I’m product (vehicle) agnostic but ETFs are vastly more tax efficient for equities (only for equities) 50:00 - Jerry question: What needs to happen for mutual funds to be competitive with ETFs (tax wise)? 50:20 - Meb answer: See podcast 53:00 - Niels question: With ETFs do you have to disclose your trading methodology? 53:25 - Meb answer: No, but you do have to disclose holdings daily. 57:00 - Jerry question: What do you think of products designed for client desires/tolerances compared to optimally designed pure TF products? 57:30 - Meb answer: Framing plays a large role in investor reception/adoption. 1:02:30 - Jerry question: What is your opinion on active mgmt = discretionary & index = systematic? 1:03:30 - Meb answer: See podcast 1:11:30 - Niels points listeners to Meb’s podcast with Chris Cole for more on this topic 1:12:30 - Niels questions: What are your favorite factors? How is your competition going with Patrick O’Shaughnessy? 1:18:20 - Meb answers: Value, momentum, and trend. Wants simple, timeless, and universal. See podcast re O’Shaughnessy answer. 1:19:30 - Mortiz question: Do you trade any vol products? 1:19:40 - Meb answer: Not really 1:25:45 - Jerry question: Why isn’t there a distinction between the good (full trading systems) and bad (market timing indicators) parts of systems trading in articles? 1:26:30 - Meb answer: It is in the framing. Investors need a plan (indicator isn’t a plan). The media likes the boogeyman of market timing. 1:30:45 - Performance recap Subscribe on:

I’ll keep this introduction short; Khe Hy has been someone I’ve been following for almost two years now–I first heard him on Patrick O’Shaughnessy’s podcast Invest Like The Best and was captivated by his story. I’ve enjoyed his writing and podcast, Rad Awakenings, and it was a tremendous honor to have him the show. We cover a lot of ground… Continue Reading→ The post A RAD Conversation With Khe Hy (036) appeared first on All About Your Benjamins™.

À semaine spéciale, épisode spécial. En ces jours de flottement entre les années, je vous partage un premier hors-série de mon podcast Génération do It Yourself : mes recommandations de podcasts pour 2019, en format podcast (logique). J’ai regroupé mes découvertes récentes que je prends vraiment plaisir à écouter. Avec un peu de chance, vous aurez plus de temps que d’habitude pour en profiter au calme.Et accessoirement, ils peuvent aussi être utiles pour vous inspirer en matière de bonnes résolutions… Je vous propose de retrouver tous les détails des podcasts et articles mentionnés en allant sur mon "Medium"> http://bit.ly/2GO4Ijf (auquel vous pourrez vous abonner pour avoir les prochains articles).Sinon, voici toutes les recommandations évoquées dans l'épisode :Community Manager (Le poste général) avec Guillaume Natas,Mes épisodes préférés : Les Paranos, Les Materneuses, Les Platistes. Anouk Perry :Je recommande tout particulièrement : La Délicatesse des Gang Bang, La Salope du Lycée et Enquête Paranormale. Bliss Stories de Clémentine GaleyLE podcast décomplexé des témoignages sur les grossesses et les accouchements. La leçon de Pauline GrisoniLe Podcast qui fait parler des personnes de leurs échecs comme personne. J’ai eu droit à mon épisode, mais bon, entre Ariel Wizman et Stéphanie Gicquel vous trouverez aussi très passionnant.Oui Are New-York de Ilan AbehasseraJ’ai particulièrement adoréle premier épisode avec Jonathan Benahmou de PeopleDocl’épisode avec Yan Le Cun.Autour des problématiques de développement durableRéelles d’Estelle Abbou :le podcast qui met en valeur les personnes qui sont derrière les impacts positifs réels dans le monde, rien que ça.Sismique de Julien Devaureix :ici, on parle prospective et innovation dans un format long.Impacts Positifs de Sylvia Amicone :dans la même veine que les précédents, tout aussi stimulant et salutaire en ces temps incertains (Poke Julien Laurent)Sur des problématiques plus professionnellesGrowth Makers par Gabriel Gourovitchbeaucoup d’admiration pour ce type qui sait parler aux geeks du marketing, version startup. Pour le coup, je suis dans la cible…La French Touch par Gabriel Szantodans la même lignée que le précédent, peut-être un peu plus axé produit, design et UX. Last but not least, mes préférés américainsHow I Built this de NPR par Guy Razje vous recommande plus particulièrement 2 épisodes,celui avec Haïm Saban (Power Rangers)et celui avec Michael Dubin (Dollar Shave Club).Invest Like the Best par Patrick O’Shaughnessy : pleins de réponses sur comment bien investir et son temps et son argent. C’est assez génial, et surtout les épisodes suivants :Boyd Varty — The Art of TrackingPeter Attia — Sur la longévité (il lance actuellement son podcast, #TBC)Albert Wenger — le Monde après le capital (The World after Capital)Savneet Singh — The Berkshire of softwareMasters of Scale avec le fondateur de LinkedIn Reid Hoffman : probablement le line-up d’invités qui en jette le plus… Mark Zuckerberg, Arianna Huffington, Kevin Systrom, Eric Schmidt, and the list goes on.Shopify Masters : tous les secrets du e-commerce, absolument utile pour qui veut se lancer dans le business.Si vous voulez retrouver mes recommandations de podcasts précédentes (il y en a beaucoup!), vous les trouverez ici :Les meilleurs podcasts français : http://bit.ly/2SsfuNtLes meilleurs podcasts français (suite) : http://bit.ly/2CF0dDu--------------------------Si “lancer mon podcast” est sur la liste de vos objectifs 2019, je vous propose aussi ces deux articles pourraient vous servir, avec toute mon expérience en quelques lignes :Je lance mon podcast… quel matériel choisir ?http://bit.ly/2GLtBfmComment lancer son podcast avec les moyens du bord : Méthode testée et approuvée par #GDIYhttp://bit.ly/2CF02Ik------------------------L’instant promo :Si vous voulez contacter CosaVostra ( contact@cosavostra.com ) on sera ravi de parler de vos projets digitaux, et de vous accompagner dans votre croissance (conseil, design, dév, growth, etc.) on adore les projets ambitieux!Envie plutôt de sponsoriser des épisodes de GDIY ? Envoyez-moi un message, ou contactez-moi très bientôt sur le nouveau site GDIY.fr. Il sera en ligne tout début 2019. N'bouliez pas denoter ce podcast 5 étoiles sur iTunes et de le partager, c'est important!nous suivre sur instagram @gdiypodcast : http://bit.ly/2SqZ8ohet m' suivre sur linkedin : https://www.linkedin.com/in/stefani/à la semaine prochaine!

Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that provides experiential learning opportunities for human development and transformation based on Joseph Campbell’s mythic hero’s journey. He has a passion and indescribable skill in enlivening the developmental process and fostering vitality, meaning and well-being in individuals, groups, and organizations. When not running programs or training others, Michael practices psychotherapy at the Nuin Center in Pittsburgh, where he has professionally resided for 25 years. Our conversation took place in the mountains towards the end of this year’s journey and is quite different from those you may be accustomed to hearing on the show. We cover Michael’s path to creating the experience, the myth of the Hero, lessons in how the world actually works, the call to adventure, perfectionism, uncertainty, fear, and poetry. If you’re intrigued, I strongly encourage you to check out herosjourneyfoundation.org. Spaces are limited for the annual summer Men’s and Women’s Journeys, so sign up for next year’s trip at the website or reach out to me.  I intend to be back on the mountain next year and hope to see you there. Learn More Discuss the show and Read the transcript Join Ted's monthly Mailing List Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast Book Links Phillip Shepherd, New Self, New World: Recovering Our Senses in the Twenty-First Century Joseph Campbell, The Hero with a Thousand Faces Jack Kornfeld, After the Ecstasy, the Laundry: How the Heart Grows Wise on the Spiritual Path Joseph Jastrab, Sacred Manhood Sacred Earth: A Vision Quest into the Wilderness of a Man's Heart

Kyle and I recently joined Patrick O’Shaughnessy on the Invest Like the Best podcast. Patrick is a great interviewer who approaches this space with a skeptical investor's mindset.  I highly recommend this episode if you are interested in learning more about the different viewpoints in crypto investing. We had a wide ranging conversation on topics including: Paths to Tens of Trillions: Store of Value or Utility Hypothesis? Moneyness as an emergent phenomenon The new design space enabled by smart contract platforms Network effects of peer-to-peer digital cash vs. digital gold The n-dimensional tradeoff space of various platforms Challenges of investing in open-source protocols Opportunities for the tokenization of securities

Started thinking about how I’d make that lunch valuable for Patrick so that we could be friends, and came away with an insight that applies to lots of other areas of business, your career, and your life.

Guests: Samuel Hartzmark - Assistant Professor of Finance and the William Ladany Memorial Faculty Scholar at the University of Chicago’s Booth School of Business Patrick O’Shaughnessy - the Chief Executive Officer at O’Shaughnessy Asset Management. See acast.com/privacy for privacy and opt-out information.

I’ve received several emails over the last bunch of months asking for my take on the investing world and the topics we cover on the show. Fortunately, I’ve had a chance to appear as a guest on a few other podcasts, and thought I would share some of those conversations from time to time. About a year and a half ago, Patrick O’Shaughnessy interviewed me to discuss the book I wrote on his amazing podcast, Invest Like the Best. The discussion quickly turned to a deep dive on hedge funds - past, present and future. We subsequently recorded two other conversations.  For the first, I asked him to interview me about the Buffett Bet. You can find that conversation on Episode 5. In the second, Patrick interviewed me alongside our friend and star micro private equity investor, Brent Beshore. You can find that entertaining conversation at Invest Like the Best, Episode 30. For more episodes, go to capitalallocatorspodcast.com/podcast Follow Ted on twitter at @tseides

Lord Durham was a 'larger than life' character of the early 19th century who wholeheartedly supported the passing of the 1832 Great Reform Act in Britain. Six years later in 1838, he was sent to Upper and Lower Canada to find a solution to the political turmoil that had resulted in two separate rebellions against British rule. While Lord Durham's tenure was just 6 months in duration, he compiled a report in 1839 known as the 'Report on the Affairs of British North America', which advocated the extension of 'responsible self-government' to the Canada's. Did Lord Durham really 'save' the white settler Empire for the Crown with the contents of his Report? In this episode, Patrick O'Shaughnessy (@historychappy) explains the rationale behind his critique of Lord Durham's role in the forthcoming book 'Versus Empire', as well as the disciplinary and research processes behind his work, while Elliott L. Watson (@thelibrarian6) poses the questions.

The flamboyant and colourful Lord Durham played a significant role in the passing of the 1832 Great Reform Act in Britain; some 6 years later in 1838, he was sent to Upper and Lower Canada to find a solution to the political turmoil that had resulted in two separate rebellions. While Lord Durham's tenure was short, he penned a report in 1839 known as the 'Report on the Affairs of British North America', which advocated the extension of 'responsible self-government' to the Canada's. Did Lord Durham really 'save' the white settler Empire for the Crown with the contents of his Report? In this episode, Elliott L. Watson (@thelibrarian6) explains the rationale behind his defence of Lord Durham's role in the forthcoming book 'Versus Empire', as well as the disciplinary and research processes behind his work, while Patrick O'Shaughnessy (@historychappy) poses the questions. For more information and for terms of use, please visit www.versushistory.com

Versus History welcome you to the very first Podcast Episode from Senior School History Teachers Elliott L. Watson and Patrick O'Shaughnessy. In this introductory episode, the pair discuss the launch of www.versushistory.com and their forthcoming book, 'Versus Empire' - the first from the 'Versus' series, due for publication in 2018. Elliott (@thelibrarian6) and Patrick (@historychappy) are both experienced History Teachers and are dedicated to delivering highly academic and articulate historical debate, with students of A-Level, I.B and U.S History courses as the target focus. In episode one, both Teachers lay the platform for their debate on the historical significance of Lord Durham during his stint in the Canada's during the late 1830's. In the turbulent context of rebellion in both Upper and Lower Canada, did Lord Durham 'save' the white settler Empire for the Crown with his recommendations for 'responsible self-government'? For terms of use, please visit www.versushistory.com

Today’s show is a little different from my ongoing series of conversations with Capital Allocators.  As you probably know, about 9½ years ago I made a bet with a certain Oracle, in Omaha, that pitted the performance of a group of five hedge fund of funds against the S&P 500. In this year’s annual letter to Berkshire Hathaway shareholders, Warren wrote extensively about his views. You can find that letter at www.berkshirehathway.com/letters. Now I haven’t said a lot about the bet, although fairly often I’m asked how it came about, why I made the bet, what I really think about hedge funds and the market, and of course, who's winning. I thought long and hard about whether to share my views publicly, and had been leaning towards staying out of the limelight.  But my guest on Episode 2 of this podcast, André Perold, convinced me that I should share the many other investment lessons the public can learn from this exercise. I thought a podcast would be a perfect venue to discuss my thoughts, so I asked my friend Patrick O’Shaughnessy to discuss the bet with me, and that conversation follows. Before we dive in, I thought it might help to let you know where to find answers to some of those common questions I’m asked. For starters, Carol Loomis, the legendary and recently retired Fortune columnist, wrote a wonderful piece called “Buffett’s Big Bet” back in 2008 that described in detail how the bet came to pass.  You can find her piece at www.capitalallocatorspodcast.com/bet. On that same page, you can find links to some of my written thoughts – both at the time of the bet’s inception and two years ago. Next week, I’ll add another link with some concluding thoughts.   For more episodes go to CapitalAllocatorsPodcast.com/Podcast Follow Ted on twitter at @tseides

Hedge Fund Manager and author Jeff Gramm talks with Patrick O'Shaughnessy about the history and current state of shareholder activism and discusses how Jeff invests himself, taking large positions and often board seats in undervalued companies.   For comprehensive show notes on this episode go to investorfieldguide.com/gramm/ For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Meb and Patrick cover lots of ground in this fun episode. They discuss stocks not to own right now, Meb’s worst market loss of all time, and Patrick’s career advice in response to listener Q&A. They then get a laugh reading aloud the worst book reviews that each has received on their respective investing books (posted anonymously on Amazon). There’s far more, including discussion on stock buybacks, roboadvisors, value versus growth investing, some microbrew tasting, and even how Meb once cheated his own grandmother.

In this episode, The Investors talk to quant investing expert Patrick O'Shaughnessy. Patrick talks about his experiences in statistical backtesting and modeling of the stock market.Click here to get full access to our show notes.

Author Background: Patrick O’Shaughnessy, CFA is a Principal and Portfolio Manager at O’Shaughnessy Asset Management (OSAM).  Patrick is the author of Millennial Money: How Young Investors can Build a Fortune and is a contributing author to the fourth edition of What Works on Wall Street.  Patrick’s is an expert in investment strategy research and investor behavior and holds a B.A. in Philosophy from the University of Notre Dame.

In episode #260, Patrick O’Shaughnessy, CFA, principal and portfolio manager at O’Shaughnessy Asset Management and author of Millennial Money, discusses how millennial investors are different from prior generations, including the events that shaped their outlook and risk tolerance, and offers some advice for traditional wealth managers who want to work with millennials.   

Jan. 11 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Patrick O’Shaughnessy, portfolio asset manager at O'Shaughnessy Asset Management and author of the book Millennial Money. They discuss the Millennial generation and their investments. This comment aired on Bloomberg Radio.u0010u0010(Barry Ritholtz is a Bloomberg View columnist. The opinions expressed are his own.)