Below is our “Top Podcast” episode with our new curator, Colby Donovan! Holler with any feedback!
Today we have a discussion on the future of the financial planning industry, thoughts on the ETF space, and lessons from Naval Ravikant.
- The Long View: 6. Michael Kitces: The Model Has to Change Again. Kitces has become one of the most popular and insightful commentators on the financial advice business. He is a partner and director of wealth management for Pinnacle Advisory Group, a firm with $1.7 billion in assets, and the host of the Financial Advisor Success podcast. This episode is mostly about the changes occurring in the financial services industry. He talks about taking lessons from doctors convincing patients to follow medical advice and applying that to convincing clients to follow financial advice. He thinks the primary role of an advisor is to provide financial planning advice and by delivering that on top of portfolios that are increasingly easy to implement, people won’t be deterred from working virtually with advisors. He finishes with why he thinks the future will be advisors managing assets for free while charging for the financial planning side. [June 5, 2019–54 minutes] iTunes Podcast | Spotify | Overcast | Stitcher | Website Link
- Bogleheads On Investing Podcast: Episode 010: guests Debbie Fuhr and Robin Powell. This episode was two separate interviews; both on the ETFs and passive investing. The first guest is Robin Powell, who is a UK journalist and founder of The Evidence-Based Investor website. He talks about active managers underperforming their benchmark and advocates for passive investing with ETFs. He also covers how the UK banned commissions to advisors for recommending certain mutual funds. While some countries have followed their lead, the US has notv. The second guest is Debbie is the Managing Partner & Founder founder of ETFGI, the world’s leading independent research company. She has a great viewpoint on the ETF space and has traveled abroad to learn the intricacies of different countries, from Iran to Japan. She discusses the tailwinds for the ETF space, particularly robo-advisors, and mentions that global ETFs have had 63 months of consecutive net inflows, while mutual funds and hedge funds have had net outflows over that same time period. [June 6, 2019–1 hour] iTunes Podcast | Overcast | Stitcher | Website Link
- The Joe Rogan Experience: #1309 — Naval Ravikant. Naval Ravikant is an entrepreneur and angel investor, a co-author of Venture Hacks, a co-maintainer of AngelList, and a great follow on Twitter. Naval covers a lot of topics, from stating that we need to realize the difference between giving people equal opportunity and but not requiring equal outcomes (people need to suffer the consequences of bad choices and reap benefits of good choices), the impact social media has on the spread of misinformation, thoughts on happiness and getting rich (view his Tweetstorm on the topic here), the impact of of technology and automation on society going forward, and lots more. [June 4, 2019–2 hours, 20 minutes] iTunes Podcast| Spotify | Overcast | Stitcher | Website Link
- Planet Money: #651: The Salmon Taboo. This episode is a replay from 2015, but it’s a great episode. Norway’s government subsidized salmon for years and ended up with a massive surplus it couldn’t figure out what to do with. One man was given responsibility to find a buyer and wanted to convince Japan to buy it to sell with sushi, which the country had never done before. After searching with a potential buyer for years, he finally found a company (the Kraft Foods of Japan) to buy the salmon, which got Norway a large payout. [June 5, 2019–16 minutes] iTunes Podcast | Spotify | Overcast | Stitcher | Website Link
Episode #159: Ashby Monk, “The Fee And Cost Issue Is Important Because It Is A Catalyst For Innovation”