The Meb Faber Show
The Meb Faber Show
Oct 23, 2020
#258 - Best Idea Show - Wes Gray, Alpha Architect - An ETF Centralizes Everything Into One Product
1 hr 27 min

In today’s episode we welcome our guest, Alpha Architect’s founder and CEO, Wes Gray. We’re covering Wes’s best idea: Launching an ETF. We cover the ups and downs of the asset management business, and the different permutations his business went through before eventually landing on the ETF structure as the best way forward.

From transparency to tax efficiency to ease of access for investors, we chat about why someone should consider launching an ETF. We spend a lot of time walking through the process of getting a fund up-and-running, which is not for the faint of heart, and even walk through some case studies of some folks that have launched ETFs with Alpha Architect’s white label business.

Please enjoy this special “Best Ideas” episode with Alpha Architect’s Wes Gray.

Top Traders Unplugged
Top Traders Unplugged
Niels Kaastrup-Larsen
115 The Systematic Investor Series ft Robert Carver – November 22nd, 2020
Rob Carver returns to the show today to discuss the relevance of open trade equity compared to closed trade equity, the reported return of value’s reign over growth stocks, combining Trend Following portfolios with other strategies, the important of using significant sample sizes when analysing data, why successful systematic traders tend to have the longest documented returns on record.  Questions we answer include: Which type of moving average is generally the most effective in Trend Following?  Do you recommend any hedging strategies? If you would like to leave us a voicemail to play on the show, you can do so here. Check out our Global Macro series here. Learn more about the Trend Barometer here. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Moritz & Rob on Twitter: @TopTradersLive,  @MoritzSeibert & @InvestingIdiocy And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Top Traders Unplugged wins award for ‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast 🏆 Episode Summary 0:00 - Intro 2:35 - Macro recap from Niels 4:59 - Weekly review of returns 27:16 - Q1; Mervin: What investment strategies would you recommending supplementing a Trend Following portfolio with? 37:36 - Q2 & Q3; Daniel: How do you think about open trade equity versus closed equity, in terms of drawdowns?  Do you have any recommendations for hedging your Trend Following positions? 1:03:57 - Q4; Antonio: Which type of Moving Average (SMA, EMA, ALMA etc) is generally the most effective in Trend Following models? 1:22:48 - Performance recap 1:23:48 - Recommended podcast listening this week: Rauol Pal on the What Bitcoin Did Podcast & blog post on the Robot Wealth website regarding Tesla's inclusion in the S&P 500 & William White talking to Jim Grant on Real Vision Subscribe on:
1 hr 28 min
The Contrarian Investor Podcast
The Contrarian Investor Podcast
Nathaniel E. Baker
Theron De Ris, Eschler Asset Management, on the Bullish Case for Precious Metals, Energy Stocks
Become a premium member and receive episodes earlier and without ads or announcements! Sign up here for just $9/month or $99/year. Theron De Ris of London-based Eschler Asset Management joins the podcast to discuss why now may be an optimal time to invest in shares of precious metals companies and energy concerns. One of De Ris' favorite stocks -- and primary portfolio holdings -- is discussed at some length in the second half of the program. Content Segments (Spotify users can link to the segment directly by clicking on the timestamp) * Why Eschler Asset Management is bullish on precious metals (3:14) and why the pullback could be a buying opportunity for gold equities in particular (8:02); * The picture for energy and why it is reminiscent of the precious metals industry circa 2015 (9:03); * Demand from emerging markets, especially China, should persist despite economic difficulties (11:44), nor should renewable energy crimp demand in the short term (13:08); * Background on the guest and how he got started waiting tables in Frankfurt, Germany (18:03) and eventually started his own fund (23:41); * His process for finding ideas and picking stocks (26:34); * How royalty and streaming companies work. Most are focused on precious metals, including Franco-Nevada Corp. (NYSE:FNV), Wheaton Precious Metals (NYSE:WPM), and Royal Gold (NASDAQ:RGLD) (28:00); * The favorite stock and one of the fund's main holdings: EMX Royalties (NYSE:EMX) (30:07). Additional Information on the Guest: * Website: EschlerAsset.com; * Twitter: @DeRist2011; * YouTube channel: Not intended as investment advice.
34 min
Resolve's Gestalt University
Resolve's Gestalt University
ReSolve Asset Management
ReSolve Riffs with Logica's Wayne Himelsein on “Skew Baby”
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. The year that saw the fastest decline, followed by the steepest recovery in market history has left one topic top of mind for most investors – volatility. Though down from its eye-watering spike in the first quarter, the VIX (CBOE Volatility Index) has remained significantly higher than in previous years, and not without good reason. The ongoing pandemic, a bifurcated and fragile economic recovery, the most polarized US presidential election in living memory, continued geopolitical saber-rattling between China and the US, and the list goes on… We had the pleasure of hosting one of the foremost volatility experts in the industry – Wayne Himelsein (President and CIO of Logica Advisors) – for a deeply insightful conversation that covered: * His background in the industry, and how he met and partnered with Mike Green * Why “absolute” doesn’t mean steady returns – the lumpy nature of positive convexity * Why Logica loves gamma and how to “scalp” it * Unknown unknowns, unrealized vol and protecting against events that are by definition, outside of your sample distribution * The difficulty in sizing a long-volatility strategy within a broader portfolio Wayne also delved into his investment process in some detail, including how Logica measures and adapts to market phase-shifts. You should probably just stop what you’re doing and press play. Thank you for watching and listening. See you next week.
1 hr 18 min
The Acquirers Podcast
The Acquirers Podcast
Tobias Carlisle
Science of Hitting: Alex on Buffett-style value, and #neversell with Tobias on The Acquirers Podcast
Alex is the man behind the Science of Hitting twitter account: https://twitter.com/TSOH_Investing His investment strategy: "Patience followed by pretty aggressive conduct."   Twitter: https://twitter.com/TSOH_Investing Website: https://www.gurufocus.com/news.php?author=The+Science+of+Hitting&u=110170 ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Firm: https://acquirersfunds.com/ Website: https://acquirersmultiple.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public comp
52 min
Value Hive Podcast
Value Hive Podcast
Brandon Beylo
Working With Tiger Cubs & Spotting Frauds w/ Stephen Clapham, (Episode 52)
This episode is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap and enterprise value. I couldn't be more excited to partner with TIKR. Stephen Clapham has one of the most decorated resumes of any guest I've interviewed. He's traveled Europe as an equity analyst. Worked his way up to partnership status at multiple multi-billion dollar hedge funds. And now he runs a website dedicated to training investment analysts in the art of reading financial statements.  Clapham's learned A LOT over his tenure as an investment analyst and coach and he joined the Hive to share his knowledge with us. Along with the podcast, Clapham just finished writing a new book: The Smart Money Method -- which listeners can get for $1.99 on Kindle by the end of this Sunday.  Our conversation spanned myriad topics including:  * Working for a Tiger Cub * Investing in IPOs * How To Plan Your Day As An Investor * How To Spot Frauds and more! I thoroughly enjoyed this conversation and look forward to chatting with Stephen again soon. Check out the time-stamp below:  * [0:00] Who is Stephen Clapham? * [12:00] Working for Hedge Funds? * [20:00] IPOs * [27:00] Writing a Book * [33:00] Planning in the Stock Market * [37:30] What is an Easy Idea? * [41:30] Horrible Investments * [47:06] Shady Accounting * [58:00] From the Hedge Fund World to Training Analysts * t[1:07:50] More from Stephen Clapham & Closing Questions If you liked listening and want to learn more about Stephen Clapham, check out these links:  * Behind The Balance Sheet * The Smart Money Method * Stephen Clapham Twitter
1 hr 12 min
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