Jack Forehand is co-founder, partner and CIO at Validea Capital, and is also the co-host of the popular Excess Returns podcast. He joined us for an awesome conversation that included topics such as:
- The different styles for interviewing guests –preparation vs improvisation
- Factor models to decompose the returns achieved by famed managers
- Peter Lynch and the real mystery behind his track-record
- Momentum vs return chasing
- Cycles, underperformance and the benefits of combining different methodologies
- The hard problem of factor allocation based on historical returns
- A pragmatic approach that earned Jack his Twitter Handle – @practicalquant
- Education, discipline and adherence
- The incredibly long winter experienced by the value factor – is it over
- Behavioral vulnerabilities – knowing about them doesn’t dampen their effect
- Holding minimum amounts of cash – the additional tail-wind for indexed products
- Tracking error can be more painful than the risk of losses
- Why finding your like-minded tribe is a crucial component of sticking with a strategy
Thank you for watching and listening. See you next week.
This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.
*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.
