Welcome to the latest edition of Yet Another Value Podcast's Book Club. Once a month, Andrew and co-host, Byrne Hobart, will discuss their thoughts on the book, "Advanced Portfolio Management: A Quant's Guide for Fundamental Investors" by Giuseppe A. Paleologo.
See Byrne's writing at: https://www.thediff.co/
"Advanced Portfolio Management: A Quant's Guide for Fundamental Investors" on Amazon: https://www.amazon.com/Advanced-Portfolio-Management-Fundamental-Investors/dp/1119789796
Chapters:
[0:00] Introduction + Episode sponsor: Fintool
[2:24] First thoughts and overall impressions of "Advanced Portfolio Management"
[5:54] Which pieces do you use to implement into your investing process that Byrne picked up from this book / how they implement "stop-losses"
[19:00] It's not enough to have great ideas / "it only takes one" vs. concentrated portfolio / making good calls over time
[29:17] Is there anything to buying things that are classified wrong in order to generate alpha?
[32:54] How much are these factor and pod-shop models gameable
[40:23] How much does Byrne think matching uncorrelated data is going to be taken over by AI vs. fundamental investors going forward
[48:25] Beating the bots / final thoughts
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