Navigating Investment Styles and Market Dynamics

In this episode, we are joined by Jack Shannon, Senior Analyst at Morningstar, to discuss the dynamics of active equity management, portfolio construction, and the importance of downside protection in long-term investment success. Jack shares his insights on various topics, including:

Topics Discussed

• The asymmetry of returns and the importance of preserving capital on the

downside

•The role of active equity managers and the challenges they face in deviating

from benchmarks

•The impact of fund flows on portfolio management and the potential risks of

passive investing

•The role of risk management in active investing and the difficulty of

identifying winning strategies in advance

•The changing dynamics of growth and value investing, and the importance of

understanding market history

This episode is a must-listen for anyone interested in active equity management,

portfolio construction, and long-term investing. Jack's insights provide

valuable strategies to navigate the complexities of the financial markets and

better understand the nuances of active management.