Layers of Risk Management and Research Process

3:00 – Definition of value investing according to Dan

10:00 – Dan’s risk management and portfolio management philosophy

17:00 – when to sell a stock

22:00 – On how he incorporates a macro outlook into fundamental bottom-up stock picking on a global basis

32:00 – Dan describes his team’s equity research process including the reason for nurturing an absolute mindset, not a relative mindset

57:00 – How Dan spends his quiet time.

1:01:00 – How to be a global investor

1:07:00 – Dan thoughts on passively investing in the S&P 500

1:13:00 – the contradictory psychological profile needed to be a good investor.