Top Podcasts of the Week

Below is our “Top Podcast” list with our curator, Colby Donovan!

Today we have two episodes with people who built their firms based on strong values, an episode with one of the main people featured in The China Hustle documentary, and Cal’s Rugby coach Jack Clark on how to create a culture of greatness.

Investing

  • The Long View: Hamish Douglass: On the Hunt for Super-Compounding Stocks. Douglass is the manager of the Magellan Global Equity fund. He shares the story of how he built the firm with a focus on humility and he shares examples of how that’s remained to this day, including the fact that he still takes the bus to work. Then he talks about his investing style and walks through why he invested in both Apple and Microsoft below $100 and $30 per share, respectively. He also shares his view on the current state of the market, specifically China. [February 24, 2021–49 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • The Jordan Harbinger Show: 476: Dan David | Putting Muscle on the China Hustle. If you’ve seen the documentary, The China Hustle, you may recognize guest Dan David who was featured for blowing the whistle on and working to expose fraudulent Chinese companies who went public in the U.S. through reverse mergers. In this episode he talks about that experience and what the current situation is, what it’s like to be an activist short-seller today, why the U.S. government hasn’t stepped in to make these frauds cease to exist, and the impact these frauds have had on U.S. investors. If you haven’t watched the documentary, I highly recommend it. [March 2, 2021–1 hour, 7 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • Resolve’s Gestalt University: ReSolve Riffs with Eric Balchunas: Crypto, Active ETFs, ARK Insanity, and the Beta Vortex. Eric Balchunas is a Senior ETF Analyst at Bloomberg and has a fun conversation on all-things ETFs. They start with his thoughts on Cathie Wood of ARK’s success and where her fund could go from here. Then, they discuss the migration from sectors and factors towards “themes” and Balchunas provides the example of a cruise and airline ETF that was just launched as a play on value. They also talk about the March 2020 decline and impact of the Fed stepping in, what Balchunas thinks could’ve happened had Powell not done so, and how the rise of passive has distorted price discovery. [March 2, 2021–1 hour, 52 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • Excess Returns: Bridgeway Founder John Montgomery On Their Unique Culture and Lessons From a 25+ Year Career in Quant Investing. Montgomery is the founder and CIO of Bridgeway Capital Management, which is a really unique firm compared to other Wall Street shops. The firm donates 50% of its profits to charity, makes everyone who works at the company a partner, and works to maintain a low ratio of compensation of its highest paid team members relative to the lowest paid. He talks about how the firm has embraced factor-based strategies, what led him to become a quant, and how he’s fine-tuned his investment style during his career. [March 4, 2021–1 hour] iTunes Podcast | Spotify | Google | Breaker | Website Link

The only true out of sample is the future.

The Rest

  • Invest Like The Best: Jack Clark — Grateful for Everything, Entitled to Nothing. Clark is the Rugby coach at California Berkley and has one of the highest winning percentages of any coaches in any collegiate sport (90%). He explains what led him to define team values and what they stand for, what goes into building a great team and demanding greatness from players, and why he values non-cognitive grit in his players. He also touches on Pat Riley’s disease of me and how he tries to get his players to prioritize the team over themselves. [March 2, 2021–42 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

I guess if I could know who’s got the non-cognitive grit, who loves it, who has the ability to care about the things that are important to them, the people they’re doing with them, and the entity they’re doing it for and with. I think that would be the three legs of the stool for me.

  • Village Global’s Venture Stories: Secrets of Public Speaking and Oral Communication from Renowned Speaking Coach. This is a great episode on the soft skill of public speaking. Michael Balaoing is the founder of Candlelion and is a communication expert. He starts the episode with W-T-F, meaning you need to consider ‘what’s the feeling’ you want your audience to have when you’re done speaking with them. He also shares what questions to ask your audience to engage them (and when), how to create the arc of your story, and advice on when to change both the pace and volume of your voice. [March 4, 2021–42 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

The Meb Faber Show

  • The Meb Faber Show: Episode #291: Ron Lieber, The New York Times, “If You Look At Private Colleges And Universities, On Average, They’re Discounting Their Tuitions by 52%.” Ron Lieber is the “Your Money” columnist for The New York Times and author of the book, The Price You Pay for College, which is the topic of the episode. He describes having to pay for your child’s college tuition. He begins with some background as to how the sticker price of college has soared over the past few decades. Then he explains what merit aid is, how it can save you tens of thousands of dollars, and how schools are using it to compete with other schools for prospective students. Lieber walks through some of the best ways to start preparing for this big expense and why he believes you should talk to your son or daughter before they enter high school about all the factors impacting this decision. Finally, Lieber explains what policy suggestions he’d love to see implemented to help fix the student debt crisis. [March 3, 2021–44 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

Good investing,

Meb Fabertheideafarm.com