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14 episodes with rob arnott
8 episodes with rob arnott
7 episodes with rob arnott
6 episodes with rob arnott
3 episodes with rob arnott
3 episodes with rob arnott
3 episodes with rob arnott
2 episodes with rob arnott
3 episodes with rob arnott
Derek Moore is joined by Shane Skinner and Mike Snyder to talk about Nvidia's moves post earnings and whether the options market got it right. Then, what would happen if MSCI removes Strategy and index funds must liquidate? Later, did the Fed just say they are cutting without saying they are cutting? Plus, has sentiment ever been this bad near all-time highs? MSCI might dump MicroStrategy | Strategy from its index Fed enters the blackout period before their meeting Probability of an interest rate cut Did buying or selling the at-the-money Nvidia straddle work post earnings? Looking at when sentiment was low during good periods of market gains Did Nvidia calm the AI is a bubble trade? Rob Arnott comments around AI vs the internet from Excess Returns Mentioned in this Episode Rob Arnott on "The Bubble You Can't Short" episode of Excess Returns podcast https://excessreturnspod.com/podcast/excess-returns/episode/the-bubble-you-cant-short-rob-arnott-on-what-you-can-do-instead Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
Follow Us on Substack:https://excessreturnspod.substack.com/In this episode, we sit down with Rob Arnott for a wide-ranging discussion on bubbles, valuations, AI spending, market history, index construction, and long-term return expectations. Rob explains how to think about bubbles in real time, why today's market echoes the late 1990s, and what investors can practically do to improve future returns. He also digs into Research Affiliates' latest work on fundamental indexing, growth investing, and the opportunities in international and emerging markets.Topics covered:• How Rob defines a bubble and why narrative drives market pricing• Lessons from the dot-com era that apply to today's AI-driven market• Why disruptors eventually get disrupted• Practical portfolio steps for investors concerned about concentration• Why value stocks remain historically cheap• CapEx vs R and D and what history says about future returns• The role of AI spending and why many companies struggle to monetize it• How AI may reshape industries and who the real long-term winners could be• Index construction flaws and how RA's RAFI and RACWI approaches differ• A new way to build growth indexes using actual business growth• Why expensive companies with slow growth are the worst quadrant to own• Insights on emerging markets, international value, and forward return expectations• How Rob invests personally and what he sees as the best long-term opportunitiesTimestamps:00:00 Defining bubbles and why narrative matters02:00 Are we in a bubble today06:20 Lessons from the dot-com boom12:00 What investors can practically do now14:00 Value, RAFI, and rebalancing alpha17:00 AI CapEx and its historical parallels20:30 Who benefits most from AI23:00 Disruption, technology cycles, and productivity35:00 Reinventing index construction40:00 A new way to define and weight growth stocks43:30 The problem with expensive slow-growth companies46:00 Magnificent Seven through the growth lens52:00 Rob's outlook on emerging markets55:00 Why the US is priced for perfection57:00 Averaging out and trimming expensive winners58:00 New research and future product ideas from RA59:00 Rob's personal portfolio approach and long-short ideas01:00:20 Closing thoughts and outlook
In this episode of the Investors First Podcast, we sit down with Perth Tolle, founder of the Freedom 100 Emerging Markets Index (FRDM), now over $1.6B in assets. We explore her vision for how personal and economic freedom can shape global investment outcomes. Perth shares her journey from growing up in Beijing to moving to the U.S. at age nine, her early career as a Fidelity advisor, and how those experiences ultimately inspired her differentiated approach to emerging-markets investing. We discuss how she constructs and maintains the FRDM Index, the impact of excluding authoritarian regimes like China and Russia, the wide dispersion across EM index methodologies, and why her strategy has delivered top-tier long-term performance. Perth also walks us through fee decisions, her unique "team of one" operating model, her chance encounter with Rob Arnott and his future support of the Freedom 100 EM ETF, and what it's like partnering with Alpha Architect. This conversation offers a fresh perspective for advisors and investors seeking a freedom-focused approach to global markets. Today's hosts are Steve Curley, CFA (Co-Managing Principal, 55 North Private Wealth) & co-host Chris Cannon (CIO/Principal, FirsTrust) Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com More info at: https://freedometfs.com
Rob Arnott challenges the growth versus value framework as too simplistic for today's markets. He argues that what's cheap can be value, regardless of growth, and vice versa. Arnott advocates for fundamental indexing, which weights companies by business size, not market cap. He also warns against the dangers of momentum chasing and narrative-driven investing in mega-caps like Palantir (PLTR), and emphasizes the importance of anchoring on fundamentals and using common sense when evaluating investment opportunities.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Is the AI boom just a bubble or the start of something bigger? Host Merryn Somerset Webb sits down with Rob Arnott, founder and chairman of the board of Research Affiliates, to compare artificial intelligence mania with the dot-com era, unpack sky-high valuations and market concentration while exploring what rising competition, power constraints and Capex mean for Nvidia and the “Magnificent Seven.” Arnott shares a pragmatic playbook—fade frothy winners, favor fundamentals (including his RAFI approach) and look to small caps, the UK and emerging markets—plus candid takes on Bitcoin and holding a little gold as insurance.See omnystudio.com/listener for privacy information.
Rob Arnott, founding chairman at Research Affiliates, says that classic index instruction has investors buying stocks after they get hot, dropping stocks after losses have occurred and missing out on several percentage points of return in the process. Arnott says the largest stocks earn their place in the index, but that the stocks that move into or out of an index — a process that is actively managed with the most-famous indexes — is where the trouble happens. As for the personal indexes that are arising these days, Arnott says that, in general, you'd be better off letting a cat pick the stocks for you. Olivia Valdes, senior researcher at the FINRA Foundation, discusses their research which shows that consumers and investors are vulnerable to fraud because more than half of them don't recognize the common signs that someone is trying to pull a scam. Plus, Chuck talks about how to calculate the expected value of a bet after a listener raises questions about the lottery option on his Halloween cash-or-candy game, and whether giving kids a second chance — the new twist Chuck is adding this year — doubles the odds of winning.
In this week's episode of WSJ's Take On the Week, co-hosts Gunjan Banerji and Telis Demos dig into the latest big bank earnings and what they signal about the health of the U.S. consumer. Next, they explore the disconnect between potential economic warning signs and the market's speculative fever, where the “buy the dip” mentality continues to drive stocks to new records. Finally, they look ahead to the upcoming earnings from Coca-Cola, Keurig Dr Pepper, Colgate-Palmolive, Ford and GM. Then, after the break, Rob Arnott, founder of investment firm Research Affiliates, joins Gunjan to chat about the stock market bubble. Arnott explains his case for why the market is "priced for perfection," and later, he breaks down how government stimulus and the rise of index funds are fueling the rally. And where can investors find opportunities in a frothy market? Arnott has an answer. This is WSJ's Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Big Banks Cash In on Well-Heeled Borrowers The Nation's Biggest Banks Are Saying the Economy Is Still Strong Trump's Threat on Higher China Tariffs Wipes Out Stocks' Weekly Gains U.S., China Aim for a Delicate Balancing Act on Trade An Unlikely Investing Hack: Why You Can Sleep Soundly and Earn More For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard on The Street Column, and WSJ's Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter. Follow Gunjan Banerji here and Telis Demos here. Learn more about your ad choices. Visit megaphone.fm/adchoices
How strong is your dividend growth portfolio? Send it to us for a free evaluation at dcm.team@growmydollar.com. Plus, join our market newsletter for more on dividend growth investing.________Wall Street's creativity knows no bounds, especially when it comes to selling safety or income. In this episode, Greg revisits Warren Buffett's timeless wisdom to uncover who's “swimming naked” in today's market. Drawing on Rob Arnott and Edward McQuarrie's recent CFA research on risk and investor psychology, he explains how both fear of loss and fear of missing out drive market behavior far more than models admit. Greg dissects several headline-grabbing products, from “high income” S&P 500 ETFs and 77% yielding Nvidia options funds to the Dual Directional Buffer ETF and the “Magnificent Seven Snowball,” revealing how they offer the illusion of safety or income while eroding long-term returns. He closes with a Buffett-style case study on Occidental Petroleum and Berkshire Hathaway's recent deal, underscoring the power of simple, steady cash flow over engineered complexity.As Leonardo da Vinci said, “Simplicity is the ultimate sophistication,” and it is also one of the surest ways to compound wealth. Topics Covered[00:00:41] – Who's swimming naked? The illusion of risk-free returns [00:02:31] – Understanding risk and fear in markets: Rob Arnott's research [00:06:22] – How fear of loss and FOMO distort risk premiums [00:09:19] – The rise of high-income ETFs: chasing yield in disguise [00:12:32] – The Nvidia ($NVDA) income strategy ETF: 77% yield, but at what cost? [00:16:09] – Dual Directional Buffer ETF: the illusion of protection [00:21:14] – The “Mag 7 Snowball” structured note: Wall Street's creative packaging [00:25:47] – Why these structures guarantee Wall Street wins [00:26:45] – Buffett, Occidental ($OXY), and the value of consistent cash flow [00:32:20] – Simplicity, cash flow, and the sophistication of staying patient For more on dividend growth investing or to request a free portfolio review, email dcm.team@growmydollar.com. Past performance does not guarantee future results. This episode is for educational purposes only and is not investment advice.Send us a textDisclaimer: This discussion is for educational purposes only and not investment advice. If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review RESOURCES: Schedule a meeting with us -> Financial Planning & Portfolio Management Getting into the weeds -> DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on:Instagram | Facebook | LinkedIn | X
Rob Arnott discusses his firm's cap-weighted ETF. He explains how it “changes the paradigm” relative to the major indexes to increase performance. He talks about the impact of stocks falling in and out of the major indexes and how it creates a “buy high, sell low” problem. He argues that “passive” management doesn't exist and that his system “protects” investors more.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Rob Arnott, founder and chairman of Research Affiliates, joins The Enterprising Investor to challenge long-held assumptions about the equity risk premium and asset allocation. Drawing on Fear, Not Risk, Explains Asset Pricing, the provocative paper he co-authored with Edward McQuarrie, Arnott explores why markets may reward investors less for traditional risk-taking than previously believed, and how fear—both of loss and of missing out—better explains investor behavior. From historical return data to the role of AI in gauging market sentiment, Arnott offers a bold framework that could reshape modern finance. Tune in to rethink the foundations of modern asset pricing. Learn more about Rob Arnott: https://rpc.cfainstitute.org/voices-of-influence/rob-arnott Mike mentioned "Stocks for the Long Run" article by Ed McQuarrie and others, you can find that here: https://www.tandfonline.com/doi/full/10.1080/0015198X.2023.2268556 This show is made possible through partnerships with sponsors like Tenzing MEMO. Tenzing MEMO gets professionals up to speed quickly on ~6,000 public companies with real-time research, topical briefings, and intelligent Q&A derived from the latest market data, filings, news, and transcripts. Use MEMO to go from 0 to 60 fast on your watchlist, competitors, clients, and your own company, too. Register for a free trial to see what Tenzing MEMO can do for you today. Visit their website and give it a try. https://www.tenzingmemo.com/
Research Affiliates Founder & Chairman Rob Arnott discusses his new ETF ticker (RAUS) and the future of passive investing. Arnott spoke with Bloomberg's Katie Greifeld and Scarlett Fu.See omnystudio.com/listener for privacy information.
From the dot-com boom to today's AI frenzy, bubbles follow a familiar script. This episode explores how to recognize them, what sustains them, and how to position your portfolio without getting swept up in the hype.Topics covered:How U.S. stock markets are the most concentrated and most expensive of all timeWhat constitutes a bubble and what sustains itHow to invest during a bubbleChanges David recently made in his portfolio in response to the AI bubbleSponsorLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesI'm Changing How I Manage My Money Because of AI by Hank Green—YouTube% S&P 500 share of top 10 companies by market cap %—Apollo AcademyCharted: S&P 500 Market Concentration Over 145 Years by Kayla Zhu—Visual CapitalistAI's Moment and Insights from Themes Past by Anil Rao—MSCIHow Pimco Outmaneuvered Apollo and KKR to Win $29 Billion Meta Deal by Carmen Arroyo and Laura Benitez—BloombergHow to invest in a stock market bubble by Stuart Kirk—The Financial TimesBubble, Bubble, Toil and Trouble by Rob Arnott, Bradford Cornell, and Shane Shepherd—Research AffiliatesRelated Episodes535: Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite 503: U.S. Stocks Have Never Been This Overhyped or Expensive500: The S&P 500 Index and the Decade Ahead365: Why Some Asset Bubbles Don't BurstSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB (#adv) . Se mettessimo allo stesso tavolo Cliff Asness, Rob Arnott, Meb Faber e Victor Haghani quale portafoglio consiglierebbero all'investitore medio italiano? Unendo alcuni contributi quando sono stati nostri ospiti e ChatGPT abbiamo elaborato un portafoglio modello per aiutarci a ragionare sugli scenari del futuro. =============================================== Investi con Scalable, 3,5% di interessi sulla liquidità (*) Prova gratis la newsletter di DataTrek per 15 giorni. Naviga in totale sicurezza con NordVPN Migliaia di libri audioriassunti su 4Books. I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. (*) fino al 31/12/2025, offerta valida per i nuovi clienti. Si applicano termini e condizioni. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's guests are Rob Arnott, founder and Chairman of the board of Research Affiliates, and Campbell Harvey, Head of Research at Research Affiliates and Professor of Finance at the Fuqua School of Business at Duke University. In today's episode, Rob and Cam touch on the state of value investing in a megacap dominated market, emphasizing the potential consequences of large scale passive investing. They also touch on the rapid change presented by AI, what it may be capable of, and its impacts on how we should view investing. Finally, they address the global investing environment and macro trends, instability, and the role of government in changing world markets. (0:00) Starts (1:46) Introduction of Rob Arnott & Cam Harvey (7:35) Passive investing risks (14:22) The opportunity in small caps and foreign markets (24:22) Similarities between today & the Dot-Com era (34:43) REITs, gold and investor sentiment (47:14) Government spending & US national debt concerns (1:03:27) US debt service, defense spending, and financial crisis risks (1:05:09) Cam on the inverted yield curve (1:08:09) Closing remarks and listener feedback ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial. ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen in to Steve's enlightening conversation with Rob Arnott about the U.S. economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Excess Returns, we welcome back Research Affiliates founder Rob Arnott to explore his provocative research challenging mainstream economic assumptions. Rob walks us through why government stimulus often fails to deliver real growth, how decades of rising spending have shaped today's economic environment, and what the implications are for debt, deficits, and future returns. We also dive into trade policy, tariffs, and where Rob sees the best opportunities in today's markets using Research Affiliates' capital markets expectations.Full Paper:https://www.researchaffiliates.com/publications/articles/1080-stimulus-does-not-stimulate
In the second instalment of our Deep Dive series, AJ Bell Money & Markets explores Artificial Intelligence, one of the biggest technological advancements of our era which threatens to change the world we live in, and which has already created a huge amount of value in financial markets. (01:16) Steve Frazer, technology writer for Shares magazine introduces us to the basics of AI and explains what the recent arrival of the Chatbot DeepSeek means for other AI players. (12:45) Next up we speak to Stephen Yiu, fund manager of the Blue Whale Growth fund, who has made a lot of money from his investment in Nvidia, the poster child for AI, and from technology stocks more broadly. But now he's selling down his stake in Microsoft, we find out why. (34:51) Of course, some people think the stock market is in a bubble. Rob Arnott of Research Affiliates, is in that camp. Commonly referred to as the Godfather of Smart Beta, Rob gives his view on market developments and tells us why he thinks US stocks are overvalued (51:40) Finally we catch up with Chris Ford, fund manager of the Sanlam Global Artificial Intelligence fund, who tells us why 60% of his fund is invested outside the tech sector.
On episode 182 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Rob Arnott to discuss: the market selloff, value stocks, the evolution of the CAPE ratio, international stocks, and much more! This episode is sponsored by Van Eck. Find out more about The VanEck CLO ETF (CLOI) at: http://VanEck.com/CLOIJosh Sign up for The Compound Newsletter and never miss out!: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Liz Ann Sonders and Kathy Jones discuss this week's FOMC meeting and the market reactions. Then, Liz Ann speaks with Rob Arnott, founder and chairman of the board of Research Affiliates®. They discuss some of the advanced approaches of Research Affiliates, particularly focusing on the Research Affiliates Fundamental Index® (RAFI) and its implications for growth and value investing. They explore the differences between traditional indexing methods and RAFI, the challenges of forecasting market returns, and the potential for paradigm shifts in finance. The discussion emphasizes the importance of understanding market dynamics and the nuanced definitions of growth and value in investment strategies.Finally, Kathy and Liz Ann look ahead to the data and economic indicators that investors should be watching next week. You can read Rob's article, which Liz Ann mentions, here: "Fifty Years of Innovation, Mythmaking, and Mythbusting: Personal Reflections." On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresInvestors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Indexes are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The trade names "Research Affiliates®" and "Fundamental Index®" are registered trademarks of Research Affiliates, LLC.Fundamental Index® is a trademark of Research Affiliates. Rob Arnott, Research Affiliates, and FTSE Russell are unaffiliated with Schwab Asset Management® and Charles Schwab & Co.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.There are risks associated with investing in dividend paying stocks, including but not limited to the risk that stocks may reduce or stop paying dividends.Schwab does not recommend the use of technical analysis as a sole means of investment research.Rebalancing does not protect against losses or guarantee that an investor's goal will be met.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0125-NC10)
The founder and chairman of Research Affiliates has created an index of companies that have been removed from popular indexes.
In this episode of Excess Returns, Jack Forehand and special guest host Perth Tolle sit down with Rob Arnott, founder of Research Affiliates and pioneer of fundamental indexing. Rob discusses his thought-provoking article "50 Years of Innovation, Myth Making and Myth Busting," written for the 50th anniversary of the Journal of Portfolio Management. The conversation covers several critical investing myths and insights, including: The evolution of fundamental indexing and why "smart beta" has lost its meaning Why historical returns can be deceptive when estimating future equity risk premiums The surprising truth about long-term forecasting in markets The impact of index funds on market efficiency and stock prices Why buybacks aren't necessarily equivalent to dividends The challenges facing U.S. growth stocks at current valuations Rob brings over four decades of investment experience to this discussion, offering candid perspectives on market valuation, index fund dynamics, and the future of passive investing. His insights are particularly valuable for investors trying to navigate today's complex market environment. SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT VALIDEA https://www.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
Rob Arnott, chairman and chief executive officer at Research Affiliates, says that current markets resemble the dot-com markets in the narrative that everything is about to change due to technological advancements, but he notes that the dominant tech players from the year 2000 failed to beat the Standard & Poor's 500 index over the long-term future. He says that could happen again today with the artificial intelligence stocks, with the technology changing the world but the stocks having a less clear path forward. Arnott notes that the narratives have made the mega caps overvalued and the comparison to the dot-com era could continue with a market downturn, but he sees plenty of opportunities for investors who are willing to pursue deep value and small-cap strategies, as well as liquid alternatives and non-U.S. stocks to "have a decent shot at high single-digit returns" this year. Todd Rosenbluth, head of research at VettaFi, makes the exchange-traded version of a classic Fidelity fund his ETF of the Week, and Rob Lutts, president and chief investment officer at Cabot Wealth Management brings his classic growth investing style to the Market Call.
Research Affiliates' Rob Arnott delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations. VettaFi's Cinthia Murphy presents five ETF predictions for 2025.
On today's episode, Clay is joined by Rob Arnott to discuss the Fundamental Index, the equity risk premium, and where Rob believes we're at in the value cycle. Rob Arnott is the founder and chairman of the board of Research Affiliates. Rob plays an active role in the firm's research, portfolio management, product innovation, business strategy, and client-facing activities. He is a member of the Executive Committee of the board. Rob is co-portfolio manager on the PIMCO All Asset and All Asset All Authority funds and the PIMCO RAE™ funds. Over his career, Rob has endeavored to bridge the worlds of academic theorists and financial markets, challenging conventional wisdom and searching for solutions that add value for investors. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 02:02 - What the Fundamental Index is and how it has performed over the past two decades 16:32 - How to calculate the equity risk premium 23:44 - Why short-term forecasts are impossible to project accurately, but long-term forecasts are not 27:50 - Where Rob believes we are in the value cycle 44:03 - Why companies that get removed from the index tend to outperform those that get added 49:21 - How companies get added to the S&P 500 And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Check out the Research Affiliates. Follow Rob on LinkedIn. Email Shawn at shawn@theinvestorspodcast.com to attend our free events in Omaha or visit this page. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Today's guest is Rob Arnott, Founder and Chairman of Research Affiliates, where he actively contributes to research, portfolio management, product innovation, business strategy, and client relations. He co-manages several funds, including the PIMCO All Asset and RAE™ funds. Throughout his career, Rob has challenged conventional financial wisdom and pioneered strategies such as tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and the Fundamental Index™ approach. Before founding Research Affiliates in 2002, Rob was chair of First Quadrant, LP, global equity strategist at Salomon Brothers, and CEO of TSA Capital Management. He has published over 150 articles and won numerous awards, including eight Graham and Dodd Scrolls awarded annually by the CFA Institute. Rob also received the 2013 William F. Sharpe Indexing Lifetime Achievement Award. Rob holds a summa cum laude BS in economics, applied mathematics, and computer science from UC Santa Barbara. (Note: bio condensed by ChatGPT). In this episode, Rob gets us current since he last visited us in Orlando last February, with everything from market returns to the returns impact pre and post-election. We officially welcome Rob as a Florida resident, we discuss the beginning of Research Affiliates, along with indexes dumping stocks and the contrarian launch of his new ETF, NIXT, expected returns, AI and its impact on white-collar professionals, and more. Today's hosts are Steve Curley, CFA (Founder, 55 North Private Wealth) & co-host Javier Perez, CFA (Director, BlackPoint Capital), both of us are Past Presidents of CFA Orlando. Please enjoy the episode. You can follow us on Twitter & LinkedIn or at investorsfirstpodcast.com Show Notes: Link: Expected Returns Interactive Tool Research Affiliates: https://www.researchaffiliates.com/ NIXT ETF: https://nixtetf.com/etf/
In this episode, Jack Forehand and Matt Zeigler dive deep into one of the most debated topics in modern finance with special guest Dave Nadig. This episode explores how passive investing has transformed markets, featuring insights from leading experts including Mike Green, Aswath Damodaran, Rick Ferri, Rob Arnott, and Cliff Asness. Key discussions: Why active investing's poor performance led to passive's rise How index fund flows might affect market dynamics The difference between stocks in and out of major indices Whether passive investing could potentially destabilize markets What this means for individual investors Whether you're a market professional or retail investor, this conversation offers crucial insights into how passive investing is reshaping financial markets and what it means for your portfolio. Featured Guests' Clips: Aswath Damodaran on active management's track record Mike Green on passive investing mechanics Rick Ferri with the counterargument Rob Arnott on index inclusion effects Cem Karsan on why active may rise again Cliff Asness offering a balanced perspective
Two Quants and a Financial Planner | Bridging the Worlds of Investing and Financial Planning
In this episode, Jack Forehand and Matt Zeigler dive deep into one of the most debated topics in modern finance with special guest Dave Nadig. This episode explores how passive investing has transformed markets, featuring insights from leading experts including Mike Green, Aswath Damodaran, Rick Ferri, Rob Arnott, and Cliff Asness. Key discussions: Why active investing's poor performance led to passive's rise How index fund flows might affect market dynamics The difference between stocks in and out of major indices Whether passive investing could potentially destabilize markets What this means for individual investors Whether you're a market professional or retail investor, this conversation offers crucial insights into how passive investing is reshaping financial markets and what it means for your portfolio. Featured Guests' Clips: Aswath Damodaran on active management's track record Mike Green on passive investing mechanics Rick Ferri with the counterargument Rob Arnott on index inclusion effects Cem Karsan on why active may rise again Cliff Asness offering a balanced perspective SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS https://sunpointeinvestments.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 FOLLOW MATT Twitter: https://twitter.com/cultishcreative LinkedIn: https://www.linkedin.com/in/matt-zeigler-a58a0a60/
We've had two excellent years of returns in the stock market. Can that winning streak continue into 2025? And in less than a week, we should know who the next President of the United States is. How should investors alter their position based on who the winner is. For answers, we're going to find out how the big players -- those managing tens of billions of dollars in client capital -- are allocating their portfolios right now. And we'll ask: what can the regular retail investor learn from their strategy? To find out, we're fortunate to welcome Chris Brightman to the program today. Chris is the CEO & CIO of Research Affiliates, and along with Rob Arnott, is co-portfolio manager on the PIMCO All Asset and All Asset All Authority funds and the PIMCO RAE™ funds To give you a sense of the impressive scope of Chris' work, around $150 billion in assets are managed worldwide using investment strategies developed by Research Affiliates. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #deficit #debtcrisis #investing --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
Two Quants and a Financial Planner | Bridging the Worlds of Investing and Financial Planning
In this episode of Two Quants and a Financial Planner, we dive deep into the insights we've gained from our conversations with investing legend Rob Arnott. We explore Rob's unique perspectives on identifying market bubbles, the challenges facing value investors in today's market, and how the rise of passive investing is reshaping market dynamics. We break down Rob's thoughts on the power of narratives in investing, challenge common assumptions about interest rates and value/growth performance, and discuss the potential impact of AI on the financial industry. Throughout the episode, we share our own experiences and interpretations, making these complex topics accessible and relevant for investors at all levels. SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS https://sunpointeinvestments.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 FOLLOW MATT Twitter: https://twitter.com/cultishcreative LinkedIn: https://www.linkedin.com/in/matt-zeigler-a58a0a60/
Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject' stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives.Mentioned in this podcast:AI exuberance masks broad weakness in tech sector, say investors Star manager Rob Arnott launches ETF to buy up index ‘rejects' Google's $20bn ad tech business to play for at next antitrust showdown Elon Musk's China dream stalls as hybrids rush past Tesla The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Research Affiliates founder Rob Arnott reveals his latest findings on the stock market. Plus, Jack talks TJX and Target, and offers funnel cake advice. Learn more about your ad choices. Visit megaphone.fm/adchoices
Rob Arnott has published over 100 academic papers, co-authored several books, and his firm Research Affiliates developed the strategies behind approximately $147bn in AUM (as of March 2024). He has earned a reputation as a highly respected, value-orientated investor with clarity about unrealistic valuations, mean-reversion and where the investment opportunities may lie. In this interview he shares a timely analysis of Nvidia, which achieved a valuation of over $3tn last week (surpassing Microsoft as the world's most valuable business). We thought it was timely to listen to his perspectives given today's highly skewed, AI obsessed, passive-besotted investing world! Rob describes his approach to evaluating risks and returns, why he believes the US current fiscal path is unsustainable, and how his firm, Research Affiliates, have developed indices to allow investors to access more compelling opportunities. He unpicks his view as to why narratives around much-loved tech companies may already be reflected in their share prices, why the value opportunities are profound, especially outside of the US and particularly in emerging markets. Furthermore, he points out the disconnect between unloved value stocks and their underlying businesses (which have often been performing just fine). Rob also discusses portfolio allocations today, building resilience in your portfolio to allow for geopolitical turbulence, and the asymmetry of owning US inflation-linked Treasuries (TIPS) vs straight treasuries. The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors and the World Gold Council. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube | *CNBC, June 2024
Rob is Founder and Chairman of Research Affiliates ($147B in assets as of 3/31/24), which he launched in 2002. Rob shares insights into quant investing, the outlook for various asset classes, mean reversion, rebalancing alpha, asymmetric risks and much more.
In this episode, Research Affiliates founder Rob Arnott returns for his third appearance on Excess Returns. We cover a wide range of topics, including inflation, the struggles of value investing, expected future returns, avoiding value traps, AI and a lot more. Stay tuned until the end when we ask Rob what he is most worried and optimistic about when he looks to the future. SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT VALIDEA https://www.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
Rob Arnott also made the case for why the company's fundamental index "looks like the macro economy."
Group Chat News is back and we are catching up with Dee and Anand on their world travels to Dubai and Milan including Dee running into Kayne. After we catch up with the guys we jump into some news including Google Gemini and the backlash they have gotten, Shane Gillis makes his return to Saturday Night Live after being fired, Hungary's prime minister's new plan to make the country better, a Dumb Money review. Timeline of What Was Discussed: From the Valley to Dubai to Milan! (0:00) Google's Gemini is WOKE! (51:45) Shane Gillis is back at SNL. (1:01:22) Hungary wants to reward women to increase their population. (1:10:02) Movie Reviews. (1:34:05) Related Links/Products Mentioned Google's Gemini does seem to be racist Google admits its Gemini AI 'got it wrong' following widely panned image generator: Not 'what we intended' All-In Pod - E167: Nvidia smashes earnings (again), Google's Woke AI disaster, Groq's LPU breakthrough & more Nvidia briefly surpasses $2 trillion in market cap during intraday trading As Nvidia's stock price soars above $788, market sage Rob Arnott has a warning for investors: ‘Disruptors are often disrupted' SHANE GILLIS BACK ON 'SNL' AFTER FIRING The Prime Minister of Hungary has given women a lifetime 0% personal income tax exemption if they give birth to and raise at least 4 children. Dumb Money (2023) - IMDb Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We're @groupchatpod on Snapchat
Rob Arnott, chairman and chief executive officer at Research Affiliates sees a recession as likely for late 2024, but expects the entire year to be dominated by domestic and geopolitics that create significant "left tail risk," the most extreme potential downside performance. It will be, he says, "a year of living dangerously," but he views current conditions "as a wonderful opportunity" to lean into value investing strategies. Also on the show, Tom Lydon, vice chairman at VettaFi makes a call on currencies and Japan with his ETF of the Week, and Mark Yusko, chief investment officer at Morgan Creek Capital Management, talks about ETF investment strategies in the Market Call.
We have now conducted over 100 interviews on Excess Returns. At the end of all of them, we have asked the same closing question: Based on your experience in markets and your research, if you could teach one lesson to the average investor, what would it be? In this episode, we bring all of their episodes together into one episode and share the answers from all our guests, including Guy Spier, Rob Arnott, Michael Mauboussin, Steve Romick, Joel Tillinghast, Cem Karsan, Bob Ellott, Jerry Parker, Andy Constan and many more. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
Research Affiliates' Rob Arnott offers his views on the current market environment and the future of smart beta. VettaFi's Tom Lydon discusses the recent fake bitcoin ETF news, equity market technicals, TLT inflows, and ETF stories to watch the remainder...
Jason Hsu is the founder and chairman of Rayliant Global Advisors. Throughout his accomplished career, Jason's commitment to academic rigor and investor advocacy have led him to research, develop, and bring to market investment strategies that create significant value for investors. At Rayliant, Jason is continuing that commitment by educating investors and offering products to transform the investment ecosystem in Asia and beyond. Prior to his current role, Jason was the co-founder and vice chairman of Research Affiliates.Jason is at the forefront of the smart beta revolution and is one the world's most recognized thought leaders in that space. Building on his pioneering work on the RAFI Fundamental Index™ approach to investing with Rob Arnott in 2005, he has published numerous articles on the topic, notably his articles “A Survey of Alternative Equity Index Strategies,” which won a 2011 Graham and Dodd Scroll Award and the Readers' Choice Award from CFA Institute; and “The Surprising Alpha from Malkiel's Monkey and Upside-Down Strategies,” which won the 2013 Bernstein Fabozzi/Jacobs Levy Award for Outstanding Paper in the Journal of Portfolio Management. In 2015, Jason received the Bernstein Fabozzi/Jacobs Levy Outstanding Article Award for “A Study of Low-Volatility Portfolio Construction Methods” published in the Journal of Portfolio Management. He has twice received the William F. Sharpe Award for Best New Index Research (2005 and 2013), which is awarded by Institutional Investor Journals.Jason is a member of the board of directors at the Anderson School of Management at UCLA, as well as a professor in finance. For his service to UCLA's Anderson School, he received the 2009 Outstanding Service Award. He has also held visiting professorships at Tsinghua University, Kyoto University and Taiwan National Chengchi University.The information presented in this podcast or available on the website is not intended as and shall not be construed as financial advice. This podcast is produced for entertainment value. Investing is inherently risky. And I encourage you to seek financial advice from a professional who is aware of the facts and circumstances of your individual situation.
On episode 109 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Rob Arnott in front of a live audience at Future Proof. They discuss: lessons from the tech bubble, smart beta, big tech valuations, Tesla and Nvidia, how AI might impact markets and the economy, and much more! Thanks to KraneShares for sponsoring this episode. KraneShares and Rockefeller Asset Management are launching the Ocean Engagement ETF. This ETF invests in public companies with significant positive impact on oceans and ocean resources. Learn more at: https://kraneshares.com/ksea/ Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Legendary value investor and innovator Rob Arnott of Research Affiliates joins The Express to explain what Value investing really means today, and why the time is right for this style of portfolio allocation. Plus, credit card debt hits a record high as consumers dig deeper into their wallets, yet no one seems to be too worried about it. Should we be? https://www.investopedia.com/consumer-confidence-falls-in-august-7642387 https://www.newyorkfed.org/newsevents/news/research/2023/20230808 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_080423.pdf https://www.investopedia.com/terms/r/returnofcapital.asp https://www.investopedia.com/terms/r/returnoninvestmentcapital.asp https://www.investopedia.com/terms/r/roce.asp https://www.researchaffiliates.com/about-us/our-team/rob-arnott https://www.researchaffiliates.com/insights/publications#!/
Are you ready to demystify value investing? Brace yourself as we, alongside our seasoned value investor, Rob Arnott, navigate the intricate landscape of value investing and its role during the recent COVID crash. Our insightful discourse will expose you to the allure of value investing, the strategies involved, and the rationale behind the downturn in value relative to growth. Intrigued by the effects of SEC's diversified portfolio rule on ETFs and mutual funds? We dissect this rule, exploring its influence on cap-weighted portfolios and the subsequent impact on the valuation of various sectors and companies. Journey with us as we traverse the dot-com era and the present market and delve into the illusion of big market, particularly concerning the value of electric vehicles. Finally, we turn our focus to the potential impacts of inflation on the financial sector and value style reallocation. Guided by Rob's thought-provoking insights, we unravel the effects of a data-dependent Federal Reserve, the probability of yield curve inversion leading to recessions, and the fascinating link between price-sales ratios and performance. Our contemplation of AI's growth narrative and its potential to replace millions of jobs is sure to leave you on the edge of your seat. So tune in, and get ready for a wealth of insights and riveting discussions!ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
This week, you'll get a glimpse of what goes on in the mind of a true innovator in financial strategy. Hailed by Dan as the "godfather of fundamental indexing," Rob Arnott, founder and chairman of the board of Research Affiliates, returns for another provocative interview. As promised, Dan and his co-host Corey kick things off with a mailbag special to celebrate Stansberry Investor Hour's 300th episode. Thanks to listeners like you, we've collected quite a few e-mails. So today, the duo will tackle a couple of the burning questions you've sent us. Another milestone in today's episode comes in the form of Research Affiliates' proprietary RAFI Fundamental Index ("RAFI") strategy, which is nearing its 20th anniversary. Rob shares some history about his pioneering work that's used by industry heavyweights like Charles Schwab and PIMCO. Rob also warns against following the herd by explaining what happens when you mix availability bias and a bubble. And, with the help of monkeys, he shares how inherently flawed the traditional idea of weighting only by market cap can be... In a nod to economist Burton Malkiel – who once wrote how a blindfolded monkey throwing darts could outperform a fund manager – Rob and his colleagues simulated the monkey for one of their research papers... ➡️ Watch Here
Thirty years ago today, the very first exchange-traded fund started trading on the American Stock Exchange. At the time, Bill Clinton had just moved into the White House and America was trying on a new role as the world's lone superpower. On Wall Street, an entire industry soon realized that the ETF was a revolution all its own. Today, there are more than 3,000 ETFs listed in the US, plus another 6,000 international ones, and together they hold $6.8 trillion in assets. In “The ETF Story,” a special six-episode series originally published five years ago, Eric and Joel explore the origins of the first ETF and how it's come to dominate investing. Among those interviewed are Jack Bogle, Kathleen Moriarty, Bob Toll, Howard Kramer, Rob Arnott, Dave Ritter, Reggie Browne, Dave Nadig, John O'Brien, Bruce Bond and more. Here's episode 1. On Monday Oct. 19, 1987, the stock market fell 23 percent, the worst day ever for stocks two times over. It was in the aftermath of that crash that the idea for exchange-traded funds was born. And it came from a very unlikely place: the U.S. Securities and Exchange Commission. See omnystudio.com/listener for privacy information.
Today we're sharing our 5 most popular episodes from 2022! We know it's hard to listen to every episode, so we have the most downloaded episodes for you right here! If you click the link in the description below, you can jump to the episode you want to listen to. Here are the top 5 in no specific order: 1. In August, we were joined by both Rob Arnott & Professor Cam Harvey to hear why they didn't expect to go down as fast as the market was pricing at the time 2. Only one person made it on the show twice this year, and that's none other than Whitney Baker! After she nailed the macro landscape back in January, we had to have Whitney back on the show to give us an update of how she sees the world today. 3. Energy prices soared in the first half of 2022, and have since cooled off. But I spoke with my man Harris Kupperman, who you may know as Kuppy, in October on why he is as bullish as he could possibly be. 4. Soon after FTX filed for bankruptcy, I spoke with famed short-seller Marc Cohodes, who talked about the red flags he saw on Sam Bankman-Fried & FTX earlier this year. 5. Back in June, I spoke with geopolitical expert Peter Zeihan on the implications of deglobalization, depopulation, and the Russia/Ukraine war Thanks to everyone for a great 2022 and we wish you and your family a healthy and happy 2023. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
Dec 20, 2022 – FS Insider speaks with Rob Arnott, founder and chairman of Research Affiliates, to discuss their must-read report: History Lessons: How "Transitory" Is Inflation? As Rob explains, "The US Federal Reserve Bank's expectations...
Today's guests are Rob Arnott, founder and Chairman of the board of Research Affiliates, and Campbell Harvey, Head of Research at Research Affiliates and Professor of Finance at the Fuqua School of Business at Duke University. In today's episode, Rob and Cam touch on the state of the economy, Cam's research recessions and yield curve inversions, and why the Fed is not positioned to handle the inflation crisis we have today. They share why they both have a non-consensus view that inflation hasn't peaked yet. Then they touch on what areas of the market look attractive today. Be sure to stick around until the end when we chat with Cam on his interest in DeFi and what he's most excited about in the space. To listen to Rob Arnott's appearance in May 2021, click here To listen to Campbell Harvey's appearance in August 2019, click here ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
St. Louis Federal Reserve President James Bullard isn't ready to say inflation has peaked and at this point leans toward a 75-basis-point rate hike when the Federal Open Market Committee meets next month. The central bank is fighting back against a market that's already pricing in multiple rate cuts in 2023. But here's the best way to think about when the Fed might “pivot,” according to Jared Dillian: “Remember, they don't hike until things are cool. They hike until something breaks.” And there's the political angle too: “Remember, the Fed still has to be seen doing something about inflation.” Jared joins Maggie Lake to talk about inflation in its domestic and global guises, what central banks can and will do to fight it, and whether we might be too bearish given all the bad news that's already out there. We also hear from Rob Arnott about Wall Street inflation expectations and what, exactly, is fueling them. Watch the full video featuring Rob Arnott and Ash Bennington here: https://rvtv.io/3QG02LO. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Nasdaq Composite is leading the major U.S. equity indexes higher today, as investors step into a tech-stock dip amid the traditional late summer volume lull. At the top of today's Daily Briefing, Real Vision's Andreas Steno Larsen gets right to the point with Hedge Fund Telemetry founder Thomas Thornton: Who's buying this tech dip? Scaling out from recent price action and a broader discussion of positioning, Andreas and Tommy talk about current economic data, including a decline in initial claims for unemployment benefits and an upside surprise from the Federal Reserve Bank of Philadelphia's monthly manufacturing index for August. Andreas also asks Tommy about what looks like a pump-and-dump of Bed Bath & Beyond shares. And we hear from Rob Arnott about the risks of betting against bubbles. Watch the full video featuring Rob Arnott and Ash Bennington here: https://rvtv.io/3QG02LO. Learn more about your ad choices. Visit megaphone.fm/adchoices
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