Top Podcasts of the Week

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

Today we have Jason Buck & Chris Cole on why they think investors aren’t as diversified as they think they are, Dennis Lynch on his investment philosophy, and billionaire Jim Mellon on investing opportunistically.

  • ***Must Listen*** Top Traders Unplugged: 115 Protection Against Black Swans & Building a Bulletproof Portfolio with Jason Buck of Mutiny Fund. Buck believes the average investors aren’t as diversified as they think they are and that adding long volatility and CTAs may help protect against ‘Black Swan,’ high-volatility events. He shares an overview of his ideal portfolio and how this approach can help provide protection and potential for profits during all market environments. This pairs well with Meb’s episode with Chris Cole (described below). [June 1, 2021–1 hour, 17 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link
  • ***Must-Listen*** The Price-to-Value Podcast with Southeastern Asset Management: Jonathon Jacobson and Staley Cates — 25 Years of Shared Values in Value Investing. Jacobson is the founder of HighSage Ventures and former CIO and Co-Founder of Highfields Capital, which he chose to close and return investors’ capital in 2018 amidst a backdrop of value investing being dramatically out of favor. He explains the thought process behind that decision and his philanthropic efforts around education. Then he looks back on his investment career and states his biggest mistake was selling winners too early and not letting them run. He also shares some broad market thoughts, covering active management, SPAC’s, shorting, retail mania, and potential for inflation, which he thinks is the biggest risk right now. [May 4, 2021–1 hour, 10 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link
  • Invest Like The Best: Dennis Lynch — Delivering Alpha in Adapting Markets. Lynch is the Head of Counterpoint Global, where he oversees more than $100bn in AUM. He covers his approach to investing and the ‘game’ he plays to achieve alpha, how he believes that poor misclassification of companies (either by factor or sector) creates opportunities, and how he’s evolved over his career (now focusing more on companies with high intangible assets). At the end, he touches on his interest in psychedelic research and opportunities around that idea. [June 1, 2021–1 hour, 11 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link

“So it’s hard not to get really focused on some of the short-term trends, but then it’s like any habit, if you practice it long enough, it’s sort of hard to shake it.”

  • Chat With Traders: 216: Jim Mellon — Becoming an Opportunistic, Billionaire Investor. Mellon is a long-time investment manager who, after becoming a millionaire in his twenties, has since invested in emerging markets, commercial real estate, and private and public companies. He walks through his professional journey, explains how he approaches success both in business and life, and shares how he’s been able to invest across many unrelated sectors. [June 3, 2021–42 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link

“I’ve never met a successful person that hasn’t worked unreasonably hard.”

The Meb Faber Show
  • The Meb Faber Show: #316 — Dianne McKeever, Ides Capital — My Entire Career, I’ve Been A Value Investing Focused Shareholder Activist. Dianne McKeever is the co-founder and Chief Investment Officer of Ides Capital, which has been cited as the only woman-led activist fund. Dianne explains how she went from being a Berkshire fan to becoming an activist. She shares the ins and outs of the process, from sourcing names to engaging with management teams. Then she talks about how ESG fits into her activism campaigns, walks through some names in her book, and goes over her most successful campaign with Boingo. [May 31, 2021–1 hour, 25 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link
  • ***Must Listen*** #317 — Chris Cole, Artemis Capital Management — You Want To Diversify Based On How Assets Perform In Different Market Regimes. Chris Cole is the founder and Chief Investment Officer of Artemis Capital Management, which aims to transform stock volatility into opportunities for clients. He covers what he believes to be the optimal portfolio to help you grow and protect your wealth for the next 100 years. He shares why recency bias has led investors to be poorly positioned for secular change, the issues with the 60/40 portfolio, and the five asset classes that he believes belong in your portfolio at all times. [June 1, 2021–1 hour, 21 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link

“When we enter into a period of secular change, the way that most people’s portfolios are constructed are setup for failure.”

The Rest
  • Michael Covel’s Trend Following: Ep. 976: Scott O’Neil Interview. Scott O’Neil is the CEO of the Philadelphia 76ers and New Jersey Devils and author of Be Where Your Feet Are, which shares his most valuable lessons in what keeps him present, grounded and thriving as a father, husband, coach, mentor, and leader. He walks through his journey, rising to become the CEO of Madison Square Garden and later being let go. Then he shares the story of joining the 76ers as the “Trust The Process” time period began, the growth of the organization since then, and lessons on building a great team. [May 30, 2021–47 minutesiTunes Podcast | Spotify | Google | Breaker | Website Link

“There’s nothing linear about success.”

Book Recommendations

Dennis Lynch (Counterpoint Global):

  1. The Money Game by Adam Smith
  2. Moneyball: The Art of Winning an Unfair Game by Michael Lewis

Ryan Holiday (Author):

  1. Range: Why Generalists Triumph in a Specialized World by David Epstein

Good investing,
Meb Faber